ConocoPhillips (COP) 10-Q 4 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2017shares
Document and Entity Information [Abstract]
Entity Registrant Name	CONOCOPHILLIPS
Entity Central Index Key	1,163,165
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	1,237,103,953
Trading Symbol	COP

Consolidated Income Statement

Consolidated Income Statement - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues and Other Income
Sales and other operating revenues	$ 7,518	$ 5,121
Equity in earnings (losses) of affiliates	200	(149)
Gain on Dispositions	22	23
Other income	31	20
Total Revenues and Other Income	7,771	5,015
Costs and Expenses
Purchased commodities	3,192	2,225
Production and operating expenses	1,298	1,354
Selling, general and administrative expenses	157	186
Exploration expenses	551	505
Depreciation, depletion and amortization	1,979	2,247
Impairments	175	136
Taxes other than Income Taxes	231	180
Accretion on discounted liabilities	95	109
Interest and debt expense	315	281
Foreign currency transaction (gains) losses	10	16
Total Costs and Expenses	8,003	7,239
Income (Loss) before income taxes	(232)	(2,224)
Income tax provision (benefit)	(831)	(768)
Net income (loss)	599	(1,456)
Less: net income attributable to noncontrolling interests	(13)	(13)
Net Income (Loss) Attributable to ConocoPhillips	$ 586	$ (1,469)
Earnings Per Share, Basic [Abstract]
Earnings Per Share, Basic	$ 0.47	$ (1.18)
Earnings Per Share, Diluted [Abstract]
Earnings Per Share, Diluted	0.47	(1.18)
Dividends Paid Per Share of Common Stock (dollars)	$ 0.27	$ 0.25
Average Common Shares Outstanding (in thousands)
Basic	1,243,280	1,244,557
Diluted	1,248,722	1,244,557

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Consolidated Statement of Comprehensive Income [Abstract]
Net income (loss)		$ 599	$ (1,456)
Defined benefit plans
Reclassification adjustment for amortization of prior service cost (credit) included in net income		(9)	(9)
Net actuarial gain (loss) arising during the period		(7)	(231)
Reclassification adjustment for amortization of net actuarial losses included in net income		90	108
Income taxes on defined benefit plans		(26)	50
Defined benefit plans, net of tax		48	(82)
Foreign currency translation adjustments		184	1,183
Foreign currency translation adjustments, net of tax		184	1,183
Other Comprehensive Income (Loss), Net of Tax		232	1,101
Comprehensive Income (Loss)		831	(355)
Less: comprehensive income attributable to noncontrolling interests		(13)	(13)
Comprehensive Income (Loss) Attributable to ConocoPhillips	[1]	$ 818	$ (368)
[1]	See Notes to Consolidated Financial Statements.

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents		$ 3,109	$ 3,610
Short-term investments		252	50
Accounts and notes receivable (net of allowance of $5 million in 2017 and $5 million in 2016)		3,105	3,249
Accounts and notes receivable-related parties		254	165
Inventories		1,097	1,018
Prepaid expenses and other current assets		2,911	517
Total Current Assets		10,728	8,609
Investments and long-term receiavables		21,153	21,091
Loans and advances-related parties		522	581
Net properties, plants and equipment (net of accumulated depreciation, depletion and amortization of $66,400 million in 2017 and $73,075 million in 2016)		54,440	58,331
Other assets		1,130	1,160
Total Assets		87,973	89,772
Liabilities
Accounts payable		3,494	3,631
Accounts payable-related parties		37	22
Short-term debt		1,095	1,089
Accrued income and other taxes		756	484
Employee benefit obligations		465	689
Other accruals		1,679	994
Total Current Liabilities		7,526	6,909
Long-term debt		25,340	26,186
Asset retirement obligations and accrued environmental costs		7,884	8,425
Deferred income taxes		7,568	8,949
Employee benefit obligations		2,534	2,552
Other liabilities and deferred credits	[1]	1,520	1,525
Total Liabilities		52,372	54,546
Equity
Common stock (2,500,000,000 shares authorized at $.01 par value) Issued (2017 - 1,784,150,651 shares; 2016 - 1,782,079,107 shares) Par value		18	18
Capital in excess of par		46,510	46,507
Treasury stock (at cost: 2017 - 547,046,698 shares; 2016 - 544,809,771 shares)		(37,018)	(36,906)
Accumulated other comprehensive income (loss)		(5,961)	(6,193)
Retained earnings		31,804	31,548
Total Common Stockholders' Equity		35,353	34,974
Noncontrolling interests		248	252
Total Equity		35,601	35,226
Total Liabilities and Equity		$ 87,973	$ 89,772
[1]	*Includes intercompany loans.

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Consolidated Balance Sheet [Abstract]
Allowance for accounts and notes receivable	$ 5	$ 5
Accumulated depreciation, depletion and amortization	$ 66,400	$ 73,075
Common stock, shares authorized	2,500,000,000	2,500,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	1,784,150,651	1,782,079,107
Treasury stock, shares	547,046,698	544,809,771

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows From Operating Activities
Net income (loss)	$ 599	$ (1,456)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation, depletion and amortization	1,979	2,247
Impairments	175	136
Dry hole costs and leasehold impairments	406	360
Accretion on discounted liabilities	95	109
Deferred taxes	(1,314)	(827)
Distributions received greater than equity losses (undistributed equity earnings)	(43)	252
Gain on dispositions	(22)	(23)
Other	(47)	(126)
Working capital adjustments
Decrease (increase) in accounts and notes receivable	78	549
Decrease (increase) in inventories	(76)	61
Decrease (increase) in prepaid expenses and other current assets	10	9
Increase (decrease) in accounts payable	(129)	(454)
Increase (decrease) in taxes and other accruals	79	(416)
Net cash provided by operating activities	1,790	421
Cash Flows From Investing Activities
Capital expenditures and investments	(966)	(1,821)
Working capital changes associated with investing activities	(26)	(134)
Proceeds from asset dispositions	35	135
Net sales (purchases) of short-term investments	(203)	(302)
Collection of advances/loans-related parties	57	53
Other	129	4
Net cash used in continuing investing activities	(974)	(2,065)
Cash Flows From Financing Activities
Issuance of debt	0	4,594
Repayment of debt	(839)	(64)
Issuance of company common stock	(46)	(42)
Repurchase of company common stock	(112)	0
Dividends paid	(331)	(313)
Other	(16)	(38)
Net cash provided by (used in) continuing financing activities	(1,344)	4,137
Effect of Exchange Rate Changes on Cash and Cash Equivalents	27	5
Net Change in Cash and Cash Equivalents	(501)	2,498
Cash and cash equivalents at beginning of period	3,610	2,368
Cash and Cash Equivalents at End of Period	$ 3,109	$ 4,866

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Basis of Presentation [Abstract]
Basis of Presentation	Note 1 —Basis of Presentation The interim-period financial information presented in the financial statements included in this report is unaudited and, in the opinion of management, includes all known accruals and adjustments necessary for a fair presentation of the consolidated financial position of ConocoPhillips and its results of operations and cash flows for such periods. All such adjustments are of a normal and recurring nature unless otherwise disclosed. Certain notes and other information have been condensed or omitted from the interim financial statements included in this report. Therefore, these financial statements should be read in conjunction with the consolidated financial statements and notes included in our 2016 Annual Report on Form 10-K.

Variable Interest Entities (VIE

Variable Interest Entities (VIEs)	3 Months Ended
	Mar. 31, 2017
Variable Interest Entities VIEs [Abstract]
Variable Interest Entities Disclosure [Text Block]	Note 2 —Variable Interest Entities (VIEs) We hold variable interests in VIEs that have not been consolidated because we are not considered the primary beneficiary. Information on our significant VIEs follows: Australia Pacific LNG Pty Ltd (APLNG) APLNG is considered a VIE, as it has entered into certain contractual arrangements that provide it with additional forms of subordinated financial support. We are not the primary beneficiary of APLNG because we share with Origin Energy and China Petrochem ical Corporation (Sinopec) the power to direct the key activities of APLNG that most significantly impact its economic performance, which involve activities related to the production and commercialization of coalbed methane, as well as liquefied natural ga s (LNG) processing and export marketing. As a result, we do not consolidate APLNG, and it is accounted for as an equity method investment. As of March 31, 2017 , we have not provided any financial support to APLNG other than amounts previously contractual ly required. Unless we elect otherwise, we have no requirement to provide liquidity or purchase the assets of APLNG. See Note 5 —Investments, Loans and Long-Term Receivables, and Note 10 —Guarantees, for additional information. Marine Well Con tainment Company, LLC (MWCC) MWCC provides well containment equipment and technology and related services in the deepwater U.S. Gulf of Mexico. Its principal activities involve the development and maintenance of rapid-response hydrocarbon well containment systems that are deployable in the Gulf of Mexico on a call-out basis. We have a 10 percent ownership interest in MWCC, and it is accounted for as an equity method investment because MWCC is a limited liability company in which we are a Founding Member and exercise significant influence through our permanent seat on the ten-member Executive Committee responsible for overseeing the affairs of MWCC. In 2016, MWCC executed a $ 154 million term loan financing arrangement with an external financial institution whose terms required the financing be secured by letters of credit provided by certain owners of MWCC, including ConocoPhillips. In connection with the financing transaction, we issued a letter of credit of $ 22 million which can be drawn upon in the event of a default by MWCC on its obligation to repay the proceeds of the term loan. The fair value of this letter of credit is immaterial and not recognized on our consolidated balance sheet. MWCC is considered a VIE, as it has entered into arrangements that provide it with additional forms of subordinated financial support. We are not the primary beneficiary and do not consolidate MWCC because we share the power to govern the business and operation of the company and to undertake certain obligations that most significantly impact its economic performance with nine other unaffiliated owners of MWCC. At March 31, 2017 , the carrying value of our equity method investment in MWCC was $ 146 million. We have not provided any financial support to MWCC other than amounts previously contractually required. Unless we elect otherwise, we have no requirement to provide liquidity or purchase the assets of MWCC.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2017
Inventories [Abstract]
Inventories	Note 3—Inventories Inventories consisted of the following: Millions of Dollars March 31 December 31 2017 2016 Crude oil and natural gas $ 509 418 Materials and supplies 588 600 $ 1,097 1,018 Inventories valued on the last-in, first-out ( LIFO) basis totaled $ 379 million and $ 269 million at March 31, 2017 and December 31, 2016 , respectively. The estimated excess of current replacement cost over LIFO cost of inventories was approximately $ 121 million and $ 104 million at March 31, 2017 and December 31, 2016 , respectively.

Assets Held for Sale or Sold

Assets Held for Sale or Sold	3 Months Ended
	Mar. 31, 2017
Disposal Group Excluding Discontinued Operation Additional Disclosures [Abstract]
Disposal Groups Exluding Discontinued Operations Disclosure [TextBlock]	Note 4 —Assets Held for Sale and Other Planned Dispositions Assets Held for Sale On March 29, 2017, we signed a definitive agreement with Cenovus Energy to sell our 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands p artnership, as well as the majority of our western Canada gas assets, for total consideration of approximately $ 13.3 billion, based on Cenovus’ share price at the date of signing . Consideration for the transaction consists of $ 10.6 billion of cash payable at closing, 208 million Cenovus shares, and a five-year uncapped contingent payment. The cash portion of the consideration is subject to customary adjustments. The contingent payment, calculated and paid on a quarterly basis, is $ 6 million Canadian dollars for every $1 Canadian dollar by which the Western Canada Select (WCS) quarterly average crude price exceeds $ 52 Canadian dollars per barrel. On the date of signing, we received a $ 130 million deposit from Cenovus, which is included in the “Cash Flows From Investing Activities” section in our cons olidated statement of cash flows. Both FCCL and the western Canada gas assets are included in the Canada segment. The transaction is subject to specific conditions precedent being satisfied, including regulatory review and approval, and is expected to cl ose in the second quarter of 2017. At March 31, 2017, the carrying value of our equity investment in FCCL was $ 9.0 billion. Our interests in the western Canada producing properties were considered held for sale resulting in the reclassification of $ 2.4 b illion of properties, plants and equipment (PP&E) to “Prepaid expenses and other current assets” and $ 671 million of noncurrent liabilities, primarily asset retirement obligations, to “Other accruals,” on our consolidated balance sheet. The before-tax los s associated with our interests in the western Canada gas producing properties was $ 61 million and $ 145 million for the three months ended March 31, 2017 and March 31, 2016, respectively. We reported before-tax equity earnings of $ 120 million and a befor e-tax equity loss of $ 154 million related to FCCL for the three months ended March 31, 2017 and March 31, 2016, respectively. Other Planned Dispositions On April 12 , 2017, we signed a definitive agreement to sell our interests in the San Juan Basin for up to $ 3.0 billion of total proceeds, comprised of $ 2.7 billion in cash and a contingent payment of up to $ 300 million. The cash portion of the proceeds is subject to customary adjustments. The six-year contingent payment is effective beginning January 1, 2018, and is due annually for the periods in which the monthly U.S. Henry Hub (HH) price is at or above $ 3.20 per million British thermal units (MMBTU). The transaction is subject to specific conditions precedent being satisfied, including regulatory a pproval, and is expected to close in the third quarter of 2017. The San Juan Basin results of operations are reported within the Lower 48 segment. At March 31, 2017, the net carrying value was approximately $ 5.8 billion, consisting primarily of $ 6.2 billion of PP&E and $ 392 million of asset retirement obligations. The assets met held for sale criteria in April 2017. A noncash impairment will be recorded in the second quarter of 2017.

Investments, Loans and Long-Ter

Investments, Loans and Long-Term Receivables	3 Months Ended
	Mar. 31, 2017
Investments, Loans and Long-Term Receivables [Abstract]
Investments, Loans and Long-Term Receivables	Note 5 —Investments, Loans and Long-Term Receivables APLNG APLNG’s $ 8.5 billion project finance facility consists of financing agreements executed by APLNG with the Export-Import Bank of the United States for approximately $ 2.9 billion, the Export-Import Bank of China for approximately $ 2.7 billion, and a syndicate of Australian and international commercial banks for approximately $ 2.9 billion. All amounts have been drawn from the facility. APLNG mad e its first principal and interest repayment in March 2017 and will continue to make bi-annual payments until March 2029. At March 31, 2017 , a balance of $ 8.2 billion was outstanding on the facility. In connection with the execution of the pro ject financing, we provided a completion guarantee for our pro-rata share of the project finance facility until the project achieves financial completion. In October 2016, we reached financial completion for Train 1, which reduced our associated guarantee by 60 percent . See Note 10 — Guarantees, for additional information. APLNG is considered a VIE, as it has entered into certain contractual arrangements that provide it with additional forms of subordinated financial support. See Note 2 — Variable Interest Entities (VIEs), for additional information. During the first quarter of 2017, the outlook for crude oil prices weakened, and as a result, the estimated fair value of our investment in APLNG declined to an amount below carrying value. Based on a review of the facts and circumstances surrounding this decline in fair value, we concluded the impairment was not other than temporary under the guidance of Financial Accounting Standards Board ( FASB ) Accounting Standards Codification ( ASC) Topic 323, “Investments – Equity Method and Joint Ventures.” In reaching this conclusion, we primarily considered: (1) the volatility and uncertainty in commodity markets; (2) the intent and ability of ConocoPhillips to retain our investme nt in APLNG ; and (3 ) the short length of time carrying value has been less than market value (fair value exceeded carrying value as of December 31, 2016) . Fair value has been estimated based on an internal discounted cash flow model using estimated future production , an outlook of future prices from a combination of exchanges (short-term) and pricing service companies (long-term), costs, a market outlook of foreign exchange rates provided by a third party, and a discount rate believed to be consistent with those used by principal market participants . At March 31, 2017 , the fair value of our investment in APLNG was estimated to be $ 8,629 million, resulting in an unrecognized impairment of $ 1,430 million. We will continue to monitor the relationship b etween the carrying value and the fair value of APLNG. Should we determine in the future there has been a loss in the value of our investment that is other than temporary, we would record a noncash impairment of our equity investment, calculated as the to tal difference between carrying value and fair value as of the end of the reporting period. At March 31, 2017 , the carrying value of our equity method investment in APLNG was $ 10,059 million. The balance is included in the “Investments and long- term receivables” line on our consolidated balance sheet. FCCL At March 31, 2017 , the carrying value of our equity method investment in FCCL Partnership was $ 9,006 million, net of a $ 1,604 million reduction due to cumulative foreign currency translation effects. The balance is included in the “Investments and long-term receivables” line on our consolidated balance sheet. On March 29, 2017, we signed a definitive agreement with Cenovus Energy to sell our 50 percent nonoperated interest in the FCCL Partnership, as well as the majority of our western Canada gas assets, for total consideration of approximately $ 13.3 billion, based on Cenovus’ share price at the date of signing, before customary adjustments to the cash portion . The transact ion is subject to specific conditions precedent being satisfied, including regulatory approvals, and is expected to close in the second quarter of 2017 . See Note 4 — Assets Held for Sale and Other Planned Dispositions , for additional information. L oans and Long-Term Receivables As part of our normal ongoing business operations, and consistent with industry practice, we enter into numerous agreements with other parties to pursue business opportunities. Included in such activity are loans made to cer tain affiliated and non-affiliated companies. At March 31, 2017 , significant loans to affiliated companies included $ 639 million in project financing to Qatar Liquefied Gas Company Limited (3) (QG3). The long-term portion of these loans is included in the “Loans and advances—related parties” line on our consolidated balance sheet, while the short-term portion is in “Accounts and notes receivable—related parties.”

Suspended Wells and Wells in Pr

Suspended Wells and Wells in Progress	3 Months Ended
	Mar. 31, 2017
Suspended Wells [Abstract]
Suspended Wells	Note 6 —Suspended Wells and Other Exploration Expenses The capitalized cost of suspended wells at March 31, 2017 , was $ 834 million, a decrease of $ 229 million from $ 1,063 million at year-end 2016 . Two suspended wells in Shenandoah in the Gulf of Mexico totaling $ 94 million and one suspended well in Alaska totaling $ 17 million were charged to dry hole expense during the first three months of 2017 relating to exploratory well costs capitalized for a period greater than one year as of December 31, 2016 . In February 2017, we reached a settlement agreement on our contract for the Athena drilling rig , initially secured for our four -well commitment program in Angola. As a result of the cancellation, we recorded a be fore-tax charge of $ 43 million net in the firs t quarter of 2017. This charge is included in the “Exploration expenses” line on our consolidated income statement.

Impairments

Impairments	3 Months Ended
	Mar. 31, 2017
Impairment Of Long Lived Assets [Abstract]
Impairments	Note 7—Impairments During the three-month periods ended March 31, 2017 and 2016, we recognized before-tax impairment charges within the following segments: Millions of Dollars Three Months Ended March 31 2017 2016 Alaska $ 174 - Lower 48 - 9 Europe and North Africa 1 127 $ 175 136 The first quarter of 2017 included an impairment in our Alaska segment of $174 million for the associated PP&E carrying value of our small interest in a nonoperated producing property. The first quarter of 2016 included impairments in our Europe and North Africa segment of $127 million, primarily as a result of lower natural gas prices in the United Kingdom. The charges discussed below are included in the “Exploration expenses” line on our consolidated income statement and are not reflected in the table above. In the first quarter of 2017, we recorded a before-tax impairment of $ 51 million for the associated carrying value of capitalized undeveloped leasehold costs of Shenandoah in deepwate r Gulf of Mexico following the suspension of appraisal activity by the operator. In the first quarter of 2016, due to lack of commerciality of a drilled well, we recorded a before-tax impairment of $ 95 million for the associated carrying value of capitali zed undeveloped leasehold costs of the Melmar prospect in deepwater Gulf of Mexico. Additionally, following the completion of an initial marketing effort in the Gulf of Mexico, we recorded a before-tax impairment of $ 73 million, primarily due to changes i n the estimated market value.

Debt

Debt	3 Months Ended
	Mar. 31, 2017
Debt [Abstract]
Debt	Note 8 —Debt As of March 31, 2017, our revolving credit facility, expiring in June 2019, was $ 6.75 billion. This credit facility supports two commercial paper programs : the ConocoPhillips $ 6.25 billion program, primarily a funding source for short-term working capital needs, and the ConocoPhillips Qatar Funding Ltd. $ 500 million program, which is used to fund commitments relating to QG3. Commercial paper maturities are generally limited to 90 days. At March 31, 2017 and December 31, 2016 , we had no direct outstanding borrowings under the revolving credit facility and no letters of credit. We had no commercial paper outstanding at March 31, 2017 or December 31, 2016 , u nder both the ConocoPhillips and the ConocoPhillips Qatar Funding Ltd. commercial paper program s . Since we had no commercial paper outstanding and had issued no letters of credit, we had access to $ 6.75 billion in borrowing capacity under our re volving credit facility at March 31, 2017 . In the first quarter of 2017, we made a prepayment of $805 million on our floating rate term loan due in 2019 . As of March 31, 2017, the remaining balance on our term loan facility is $645 million. We have the right at any time an d from time to time to prepay the term loan, in whole or in part, without premium or penalty upon notice to the Administrative Agent. The term loan facility contains customary covenants regarding, among other matters, material compliance with laws and restrictions against certain consolidations, mergers and asset sales and creation of certain liens on our assets and consolidated subsidiaries. The term loan facility also contains financial covenants including a total debt to capitalization ratio, exclud ing the impacts of certain noncash impairments and foreign currency translation adjustments as defined in the Term Loan Agreement, which may not exceed 65 percent. At March 31, 2017 , we were in compliance with this covenant. The term loan facility include s customary events of default (subject to specified cure periods, materiality qualifiers and exceptions), including the failure to pay any interest, principal or fees when due, the failure to perform or the violation of any covenant contained in the term l oan facility, the making of materially inaccurate or false representations or warranties, a default on certain material indebtedness, insolvency or bankruptcy, a change of control and the occurrence of material Employee Retirement Income Security Act of 19 74 (ERISA) events and certain judgments against us or our material subsidiaries. At March 31, 2017 , we had $ 283 million of certain variable rate demand bonds (VRDBs) outstanding with maturities ranging through 2035. The VRDBs are redeemable at the op tion of the bondholders on any business day. The VRDBs are included in the “Long-term debt” line on our consolidated balance sheet.

Noncontrolling Interests

Noncontrolling Interests	3 Months Ended
	Mar. 31, 2017
Noncontrolling Interests [Abstract]
Noncontrolling Interests	Note 9—Noncontrolling Interests Activity attributable to common stockholders’ equity and noncontrolling interests for the first three months of 2017 and 2016 was as follows: Millions of Dollars 2017 2016 Common Stockholders’ Equity Non-Controlling Interest Total Equity Common Stockholders’ Equity Non-Controlling Interest Total Equity Balance at January 1 $ 34,974 252 35,226 39,762 320 40,082 Net income (loss) 586 13 599 (1,469) 13 (1,456) Dividends (331) - (331) (313) - (313) Repurchase of company common stock (112) - (112) - - - Distributions to noncontrolling interests - (17) (17) - (16) (16) Other changes, net* 236 - 236 1,109 1 1,110 Balance at March 31 $ 35,353 248 35,601 39,089 318 39,407 *Includes components of other comprehensive income, which are disclosed separately in the Consolidated Statement of Comprehensive Income.

Guarantees

Guarantees	3 Months Ended
	Mar. 31, 2017
Guarantees [Abstract]
Guarantees	Note 10 —Guarantees At March 31, 2017 , we were liable for certain contingent obligations under various contractual arrangements as described below. We recognize a liability, at inception, for the fair value of our obligation as a guarantor for newly issued or modified guarantees. Unless the carrying amount of the liability is noted below, we have not recognized a liability because the fair value of the obligation is immaterial. In addition, unless otherwise stated, we are not currently performing wi th any significance under the guarantee and expect future performance to be either immaterial or have only a remote chance of occurrence. APLNG Guarantees At March 31, 2017 , we had outstanding multiple guarantees in connection with our 37.5 percent ownership interest in APLNG. The following is a description of the guarantees with values calculated utilizing March 2017 exchange rates: We have guaranteed APLNG’s performance with regard to a construction contract executed in connection with APLNG’s issuance of the Train 1 and Train 2 Notices to Proceed. We estimate the remaining term of this guarantee is one year . Our maximum potential amount of future payments related to this guarantee is approximately $ 10 million and would become payable if APLNG cancels the applicable construction contract and does not perform with respect to the amounts owed to the contractor. We have issued a construction completion guarantee related to the third-party project fin ancing secured by APLNG. In October 2016, we reached financial completion for Train 1, releasing a portion of our guarantee. Our remaining guarantee of the project financing will be released upon meeting certain two T rain completion tests with milestones which we estimate should occur this year. Our maximum exposure at March 31, 2017 , is $ 1.24 billion based upon our pro-rata share of the facility used at that date. At March 31, 2017 , the carrying value of this guarantee was approx imately $ 46 million. During the third quarter of 2016, we issued a guarantee for our pro-rata portion of the funds in a project finance reserve account. We estimate the remaining term of this guarantee is 12 years . Our maxi mum exposure under this guarantee is approximately $ 100 million and may become payable if an enforcement action is commenced by the project finance lenders against APLNG. At March 31, 2017, the carrying value of this guarantee wa s approximately $ 9 million. In conjunction with our original purchase of an ownership interest in APLNG from Origin Energy in October 2008, we agreed to reimburse Origin Energy for our share of the existing contingent liability arising under guarantees of an existing obligation of APLNG to deliver natural gas under several sales agreements with remaining terms of up to 25 years . Our maximum potential liability for future payments, or cost of volume delivery, under these guarantees is estimated to be $ 1 billion ($ 1.76 billion in the event of intentional or reckless breach), and would become payable if APLNG fails to meet its obligations under these agreements and the obligations cannot otherwise be mitigated. Future payments are considered unlikely, as the payments, or cost of volume delivery, would only be triggered if APLNG does not have enough natural gas to meet these sales commitments and if the co-venturers do not make necessary equity contributions into APLNG. We have guaranteed the performance of APLNG with regard to certain other contracts executed in connection with the project’s continued development. The guarantees have remaining terms of up to 29 years or the life of the venture . Our maximum potential amount of future payments related to these guarantees is approximately $ 150 million and would become payable if APLNG does not perform. Other Guarantees We have other guarantees with maximum future potential payment amounts totaling approximately $ 540 million, which consist primarily of a guarantee of the residual value of a leased office building, guarantees of the residual value of leased corporate aircraft, and a guarantee for our portion of a joint venture’s project finance reserve accounts. These guarantees have remaining terms o f up to six years and would become payable if, upon sale, certain asset values are lower than guaranteed amounts, business conditions decline at guaranteed entities, or as a result of nonperformance of contractual terms by guaranteed parties. Indemnifications Over the years, we have entered into agreements to sell ownership interests in certain corporations, joint ventures and assets that gave rise to qualifying indemnifications. These agreements include indemnifications for taxes, environment al liabilities, employee claims and litigation. The terms of these indemnifications vary greatly. The majority of these indemnifications are related to environmental issues, the term is generally indefinite and the maximum amount of future payments is ge nerally unlimited. The carrying amount recorded for these indemnifications at March 31, 2017 , was approximately $ 100 million. We amortize the indemnification liability over the relevant time period, if one exists, based on the facts and ci rcumstances surrounding each type of indemnity. In cases where the indemnification term is indefinite, we will reverse the liability when we have information the liability is essentially relieved or amortize the liability over an appropriate time period a s the fair value of our indemnification exposure declines. Although it is reasonably possible future payments may exceed amounts recorded, due to the nature of the indemnifications, it is not possible to make a reasonable estimate of the maximum potential amount of future payments. Included in the recorded carrying amount at March 31, 2017 , were approximately $ 40 million of environmental accruals for known contamination that are included in the “Asset retirement obligations and accrued enviro nmental costs” line on our consolidated balance sheet. For additional information about environmental liabilities, see Note 11 —Contingencies and Commitments. On March 1, 2015, a supplier to one of the refineries included in Phillips 66 as part of the separation of our downstream businesses formally registered Phillips 66 as a party to the supply agreement, thereby triggering a guarantee we provided at the time of separation. Our maximum potential liability for future payments under this guarantee, which would become payable if Phillips 66 does not perform its contractual obligations under the supply agreement, is approximately $ 1.35 billion. At March 31, 2017 , the carrying value of this guarantee is approximately $ 98 million and the remaining term is eight years . Because Phillips 66 has indemnified us for losses incurred under this guarantee, we have recorded an indemnification asset from Phillips 66 of approximately $ 98 million. The recorded indemni fication asset amount represents the estimated fair value of the guarantee; however, if we are required to perform under the guarantee, we would expect to recover from Phillips 66 any amounts in excess of that value, provided Phillips 66 is a going concern .

Contingencies and Commitments

Contingencies and Commitments	3 Months Ended
	Mar. 31, 2017
Contingencies and Commitments [Abstract]
Contingencies and Commitments	Note 12 —Contingencies and Commitments A number of lawsuits involving a variety of claims arising in the ordinary course of business have been filed against ConocoPhillips. We also may be required to remove or mitigate the effects on the environment of the placement, storage, disposal or release of certain chemical, mineral and petroleum substances at various active and inactive sites. We regularly assess the need for accounting recognition or disclosure of these contingencies. In the ca se of all known contingencies (other than those related to income taxes), we accrue a liability when the loss is probable and the amount is reasonably estimable. If a range of amounts can be reasonably estimated but no amount within the range is a better estimate than any other amount, then the minimum of the range is accrued. We do not reduce these liabilities for potential insurance or third-party recoveries. If applicable, we accrue receivables for probable insurance or other third-party recoveries. With respect to income-tax-related contingencies, we use a cumulative probability-weighted loss accrual in cases where sustaining a tax position is less than certain. Based on currently available information, we believe it is remote that future costs rela ted to known contingent liability exposures will exceed current accruals by an amount that would have a material adverse impact on our consolidated financial statements. As we learn new facts concerning contingencies, we reassess our position both with re spect to accrued liabilities and other potential exposures. Estimates particularly sensitive to future changes include contingent liabilities recorded for environmental remediation, tax and legal matters. Estimated future environmental remediation costs are subject to change due to factors such as the uncertain magnitude of cleanup costs, the unknown time and extent of such remedial actions that may be required, and the determination of our liability in proportion to that of other responsible parties. Es timated future costs related to tax and legal matters are subject to change as events evolve and as additional information becomes available during the administrative and litigation processes. Environmental We are subject to international, federal, state and local environmental laws and regulations. When we prepare our consolidated financial statements, we record accruals for environmental liabilities based on management’s best estimates, using all information that is available at the time. We measure estimates and base liabilities on currently available facts, existing technology, and presently enacted laws and regulations, taking into account stakeholder and business considerations. Whe n measuring environmental liabilities, we also consider our prior experience in remediation of contaminated sites, other companies’ cleanup experience, and data released by the U.S. Environmental Protection Agency (EPA) or other organizations. We consider unasserted claims in our determination of environmental liabilities, and we accrue them in the period they are both probable and reasonably estimable. Although liability of those potentially responsible for environmental remediation costs is generally jo int and several for federal sites and frequently so for other sites, we are usually only one of many companies cited at a particular site. Due to the joint and several liabilities, we could be responsible for all cleanup costs related to any site at which we have been designated as a potentially responsible party. We have been successful to date in sharing cleanup costs with other financially sound companies. Many of the sites at which we are potentially responsible are still under investigation by the E PA or the agency concerned. Prior to actual cleanup, those potentially responsible normally assess the site conditions, apportion responsibility and determine the appropriate remediation. In some instances, we may have no liability or may attain a settle ment of liability. Where it appears that other potentially responsible parties may be financially unable to bear their proportional share, we consider this inability in estimating our potential liability, and we adjust our accruals accordingly. As a resu lt of various acquisitions in the past, we assumed certain environmental obligations. Some of these environmental obligations are mitigated by indemnifications made by others for our benefit and some of the indemnifications are subject to dollar limits an d time limits. We are currently participating in environmental assessments and cleanups at numerous federal Superfund and comparable state and international sites. After an assessment of environmental exposures for cleanup and other costs, we make accrua ls on an undiscounted basis (except those acquired in a purchase business combination, which we record on a discounted basis) for planned investigation and remediation activities for sites where it is probable future costs will be incurred and these costs can be reasonably estimated. At March 31, 2017 , our balance sheet included a total environmental accrual of $ 260 million, compared with $ 247 million at December 31, 2016 , for remediation activities in the United States and Canada. We expect to incur a substantial amount of these expenditures within the next 30 years . In the future, we may be involved in additional environmental assessments, cleanups and proceedings. Legal Proceedings We are subject to various lawsuits and claims including but not limited to matters involving oil and gas royalty and severance tax payments, gas measurement and valuation methods, contract disputes, environmental damages, personal injury, and property damage. Our primary exposures for such matters relate to alleged royalty and tax underpayments on certain federal, state and privately owned properties and claims of alleged environmental contamination from historic operations. We will conti nue to defend ourselves vigorously in these matters. Our legal organization applies its knowledge, experience and professional judgment to the specific characteristics of our cases, employing a litigation management process to manage and monitor the legal proceedings against us. Our process facilitates the early evaluation and quantification of potential exposures in individual cases. This process also enables us to track those cases that have been scheduled for trial and/or mediation. Based on professi onal judgment and experience in using these litigation management tools and available information about current developments in all our cases, our legal organization regularly assesses the adequacy of current accruals and determines if adjustment of existi ng accruals, or establishment of new accruals, is required. Other Contingencies We have contingent liabilities resulting from throughput agreements with pipeline and processing companies not associated with financing arrangements. Under these agreements, we may be required to provide any such company with additional funds through advances and penalties for fees related to throughput capacity not utilized. In addition, at March 31, 2017 , we had performance obligations secured by letters of credit of $ 266 million (issued as direct bank letters of credit ) related to various purchase commitments for materials, supplies, commercial activities and services incident to the ordinary conduct of business. In 2007, we announced we had been unable to reach agreement with respect to our migration to an empresa mi xta structure mandated by the Venezuelan government’s Nationalization Decree. As a result, Venezuela’s national oil company, Petróleos de Venezuela S.A. (PDVSA), or its affiliates, directly assumed control over ConocoPhillips’ interests in the Petrozuata and Hamaca heavy oil ventures and the offshore Corocoro development project. In response to this expropriation, we filed a request for international arbitration on November 2, 2007, with the World Bank’s International Centre for Settlement of Investment D isputes (ICSID). An arbitration hearing was held before an ICSID tribunal during the summer of 2010. On September 3, 2013, an ICSID arbitration tribunal held that Venezuela unlawfully expropriated ConocoPhillips’ significant oil investments in June 2007. On January 17, 2017, the Tribunal reconfirmed the decision that the expropriation was unlawful. A separate arbitration phase is currently proceeding to determine the damages owed to ConocoPhillips for Venezuela’s actions. Separate arbitrations for cont ractual compensation against PDVSA are also pending before an International Chamber of Commerce (ICC) arbitration tribunal. In addition, ConocoPhillips brought fraudulent transfer actions in the U.S. District Court of Delaware, alleging that PDVSA has tak en actions to improperly expatriate assets from the United States to Venezuela in an effort to avoid judgment creditors. In 2008, Burlington Resources, Inc ., a wholly owned subsidiary of ConocoPhillips, initiated arbitration before ICSID against The Repub lic of Ecuador , as a result of the newly enacted Windfall Profits Tax Law and government-mandated renegotiation of our production sharing contracts. Despite a restraining order issued by the ICSID tribunal, Ecuador confiscated the crude oil production of Burlington and its co-venturer and sold the seized crude oil. In 2009, Ecuador took over operations in Blocks 7 and 21, fully expropriating our assets. In June 2010, the ICSID tribunal concluded it has jurisdiction to hear the expropriation claim. On Ap ril 24, 2012, Ecuador filed supplemental counterclaims asserting environmental damages, which we believe are not material. The ICSID tribunal issued a decision on liability on December 14, 2012, in favor of Burlington, finding that Ecuador's seizure of Bl ocks 7 and 21 was an unlawful expropriation in violation of the Ecuador-U.S. Bilateral Investment Treaty. An additional arbitration phase to determine the damages owed to ConocoPhillips for Ecuador’s actions and to address Ecuador’s counterclaims is compl ete. In February 2017, the tribunal unanimously awarded Burlington $ 380 million for Ecuador’s unlawful expropriation and breach of the U.S.-Ecuador bilateral investment treaty. The tribunal also issued a separate decision finding Ecuador to be entitled to $ 42 million for limited environmental and infrastructure impacts associated with the operations of Burlington and its co-venturer. Ecuador recently filed a request for annulment of this decision with ICSID. The schedu le for the annulment process has not yet been set. In December 2016, ConocoPhillips Angola filed a notice of arbitration against Sonangol E.P. under the Block 36 Production Sharing Contract relating to disputes arising thereunder. The arbitration will be conducted under the United Nations Commission on International Trade Laws (UNCITRAL) rules using a three-person tribunal. The schedule for this arbitration has not yet been set.

Derivative and Financial Instru

Derivative and Financial Instruments	3 Months Ended
	Mar. 31, 2017
Derivative and Financial Instruments [Abstract]
Derivative and Financial Instruments	Note 13 —Derivative and Financial Instruments Derivative Instruments We use futures, forwards, swaps and options in various markets to meet our customer needs and capture market opportunities. Our commodity business primarily consists of natural gas, crude oil, bitumen, LNG and natural gas liquids. Our derivative instru ments are held at fair value on our consolidated balance sheet. Where these balances have the right of setoff, they are presented on a net basis. Related cash flows are recorded as operating activities on our consolidated statement of cash flows. On our consolidated income statement, realized and unrealized gains and losses are recognized either on a gross basis if directly related to our physical business or a net basis if held for trading. Gains and losses r elated to contracts that meet and are design ated with the normal purchase normal sale exception are recognized upon settlement. We generally apply this exception to eligible crude contracts. We do not use hedge accounting for our commodity derivatives. The following table presents the gross fair values of our commodity derivatives, excluding collateral, and the line items where they appear on our consolidated balance sheet: Millions of Dollars March 31 December 31 2017 2016 Assets Prepaid expenses and other current assets $ 199 268 Other assets 52 44 Liabilities Other accruals 196 300 Other liabilities and deferred credits 41 34 The gains (losses) from commodity derivatives incurred, and the line items where they appear on our consolidated income statement were: Millions of Dollars Three Months Ended March 31 2017 2016 Sales and other operating revenues $ 51 (3) Other income 1 1 Purchased commodities (38) (1) The table below summarizes our material net exposures resulting from outstanding commodity derivative contracts: Open Position Long/(Short) March 31 December 31 2017 2016 Commodity Natural gas and power (billions of cubic feet equivalent) Fixed price (30) (31) Basis 31 2 Foreign Currency Exchange Derivatives We have foreign currency exchange rate risk resulting from international operations. Our foreign currency exchange derivative activity primarily relates to managing our cash-related and foreign currency exchange rate exposures, such as firm commitments for capital programs or local currency tax payments, dividends, and cash returns from net investments in foreign affiliates. We do not elect hedge accounting on our foreign currency exchan ge derivatives. The following table presents the gross fair values of our foreign currency exchange derivatives, excluding collateral, and the line items where they appear on our consolidated balance sheet: Millions of Dollars March 31 December 31 2017 2016 Assets Prepaid expenses and other current assets $ - 1 Liabilities Other accruals 2 168 The losses from foreign currency exchange derivatives incurred and the line item where they appear on our consolidated income statement were: Millions of Dollars Three Months Ended March 31 2017 2016 Foreign currency transaction losses $ 7 97 We had the following net notional position of outstanding foreign currency exchange derivatives: In Millions Notional Currency March 31 December 31 2017 2016 Sell U.S. dollar, buy other currencies* USD 212 13 Buy U.S. dollar, sell other currencies** USD - 25 Buy British pound, sell other currencies*** GBP 12 1,069 Sell British pound, buy Norwegian krone GBP - 51 *Primarily Canadian dollar and Norwegian krone. **Primarily British pound. ***Primarily Euro and Canadian dollar. Financial Instruments We have certain financial instruments on our consolidated balance sheet related to interest-bearing time deposits and commercial papers . These held-to- maturity financial instruments are included in “Cash and cash equivalents” on our consolidated balance sheet if the maturities at the time we made the investments were 90 days or less ; otherwise, these investments are included in “Short-term inve stments” on our consolidated balance sheet. Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments March 31 December 31 March 31 December 31 2017 2016 2017 2016 Cash $ 842 623 - - Time deposits Remaining maturities from 1 to 90 days 2,267 2,987 190 39 Remaining maturities from 91 to 180 days - - 62 11 $ 3,109 3,610 252 50 Credit Risk Financial instruments potentially exposed to concentrations of credit risk consist primarily of cash equivalents, short-term investments, over-the-counter (OTC) derivative contracts and trade receivables. Our cash equivalents and short-term investments are placed in high-quality commercial paper, money market funds, government debt securities and time deposits with major international banks and financial institutions. The credit risk from our OTC derivative contracts, such as forwards and swaps, derives from the counterparty to the transaction. Individual counterparty exposure is managed within predetermined credit limits and includes the use of cash-call margins when appropriate, thereby reducing the risk of significant nonperformance. W e also use futures, swaps and option contracts that have a negligible credit risk because these trades are cleared with an exchange clearinghouse and subject to mandatory margin requirements until settled; however, we are exposed to the credit risk of thos e exchange brokers for receivables arising from daily margin cash calls, as well as for cash deposited to meet initial margin requirements. Our trade receivables result primarily from our petroleum operations and reflect a broad national and internationa l customer base, which limits our exposure to concentrations of credit risk. The majority of these receivables have payment terms of 30 days or less , and we continually monitor this exposure and the creditworthiness of the counterparties. We do not gen erally require collateral to limit the exposure to loss; however, we will sometimes use letters of credit, prepayments and master netting arrangements to mitigate credit risk with counterparties that both buy from and sell to us, as these agreements permit the amounts owed by us or owed to others to be offset against amounts due to us. Certain of our derivative instruments contain provisions that require us to post collateral if the derivative exposure exceeds a threshold amount. We have contracts with fi xed threshold amounts and other contracts with variable threshold amounts that are contingent on our credit rating. The variable threshold amounts typically decline for lower credit ratings, while both the variable and fixed threshold amounts typically re vert to zero if we fall below investment grade. Cash is the primary collateral in all contracts; however, many also permit us to post letters of credit as collateral, such as transactions administered through the New York Mercantile Exchange. The aggrega te fair value of all derivative instruments with such credit-risk-related contingent features that were in a liability position on March 31, 2017 and December 31, 2016 , was $ 35 million and $ 42 million, respectively. For these instruments, no collateral was posted as of March 31, 2017 or D ecember 31, 2016 . If our credit rating had been downgraded below investment grade on March 31, 2017 , we would be required to post $ 35 million of additi onal collateral, either with cash or letters of credit.

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2017
Fair Value Measurement [Abstract]
Fair Value Measurement	Note 13 —Fair Value Measurement We carry a portion of our assets and liabilities at fair value that are measured at a reporting date using an exit price (i.e., the price that would be received to sell an asset or paid to transfer a liability) and disclosed according to the quality of valuation inputs under the following hierarchy: Level 1: Quoted prices (unadjusted) in an active market for identical assets or liabilities. Level 2: Inputs other than quoted prices that are directly or indirectly obs ervable. Level 3: Unobservable inputs that are significant to the fair value of assets or liabilities. The classification of an asset or liability is based on the lowest level of input significant to its fair value. Those that are initially classified as Level 3 are subsequently reported as Level 2 when the fair value derived from unobservable inputs is inconsequential to the overall fair value, or if corroborated market data becomes available. Assets and liabilities initially reported as Level 2 are subsequently reported as Level 3 if corroborated market data is no longer available. Transfers occur at the end of the reporting period. There were no material transfers in or out of Level 1 during 2017 or 2016 . Recurring Fair Value Measurement Financial assets and liabilities reported at fair value on a recurring basis primarily include commodity derivatives. Level 1 derivative assets and liabilities primarily represent exch ange-traded futures and options that are valued using unadjusted prices available from the underlying exchange. Level 2 derivative assets and liabilities primarily represent OTC swaps, options and forward purchase and sale contracts that are valued using adjusted exchange prices, prices provided by brokers or pricing service companies that are all corroborated by market data. Level 3 derivative assets and liabilities consist of OTC swaps, options and forward purchase and sale contracts where a significant portion of fair value is calculated from underlying market data that is not readily available. The derived value uses industry standard methodologies that may consider the historical relationships among various commodities, modeled market prices, time va lue, volatility factors and other relevant economic measures. The use of these inputs results in management’s best estimate of fair value. Level 3 activity was not material for all periods presented. The following table summarizes the fair value hierarc hy for gross financial assets and liabilities (i.e., unadjusted where the right of setoff exists for commodity derivatives accounted for at fair value on a recurring basis): Millions of Dollars March 31, 2017 December 31, 2016 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Commodity derivatives $ 135 95 21 251 194 96 22 312 Total assets $ 135 95 21 251 194 96 22 312 Liabilities Commodity derivatives $ 152 70 15 237 207 105 22 334 Total liabilities $ 152 70 15 237 207 105 22 334 The following table summarizes those commodity derivative balances subject to the right of setoff as presented on our consolidated balance sheet. We have elected to offset the recognized fair value amounts for multiple derivative instruments executed with the same counterparty in our financial statements when a legal right of setoff exists. Millions of Dollars Gross Gross Net Gross Amounts Amounts Amounts Amounts Cash without Net Recognized Offset Presented Collateral Right of Setoff Amounts March 31, 2017 Assets $ 251 157 94 - 4 90 Liabilities 237 157 80 16 5 59 December 31, 2016 Assets $ 312 221 91 - 5 86 Liabilities 334 221 113 12 12 89 At March 31, 2017 and December 31, 2016, we did not present any amounts gross on our consolidated balance sheet where we had the right of setoff. Reported Fair Values of Financial Instruments We used the following methods and assumptions to estimate the fair value of financial instruments: Cash and cash equivalents and short-term investments : The carrying amount reported on the balance sheet approximates fair value. Accounts and notes receivable (including long-term and related parties): The carrying amount reported on the balance sheet approximates fair value. The valuation technique and methods used to estimate the fair value of the current portion of fixed-rate re lated party loans is consistent with Loans and advances—related parties. Loans and advances—related parties: The carrying amount of floating-rate loans approximates fair value. The fair value of fixed-rate loan activity is measured using market observable data and is categorized as Level 2 in the fair value hierarchy. See Note 6 —Investments, Loans and Long-Term Receivables, for additional information. Accounts payable (including related parties) and floating-rate debt: The carrying amount of accounts payable and floating-rate debt reported on the balance sheet approximates fair value. Fixed-rate debt: The estimated fair value of fixed-rate debt is measured using prices available from a pricing service that is corroborated by market data; therefore, these liabilities are categorized as Level 2 in the fair value hierarchy. The following table summarizes the net fair value of financial instruments (i.e., adjusted where the right of setoff exists for commodity derivatives): Millions of Dollars Carrying Amount Fair Value March 31 December 31 March 31 December 31 2017 2016 2017 2016 Financial assets Commodity derivatives $ 94 91 94 91 Total loans and advances—related parties 641 701 641 701 Financial liabilities Total debt, excluding capital leases 25,616 26,423 28,734 29,307 Commodity derivatives 64 101 64 101

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2017
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	Note 14—Accumulated Other Comprehensive Loss Accumulated other comprehensive loss in the equity section of our consolidated balance sheet included: Millions of Dollars Defined Benefit Plans Foreign Currency Translation Accumulated Other Comprehensive Income (Loss) December 31, 2016 $ (547) (5,646) (6,193) Other comprehensive income 48 184 232 March 31, 2017 $ (499) (5,462) (5,961) There were no items within accumulated other comprehensive loss related to noncontrolling interests. The following table summarizes reclassifications out of accumulated other comprehensive loss: Millions of Dollars Three Months Ended March 31 2017 2016 Defined benefit plans $ 53 63 The above amounts are included in the computation of net periodic benefit cost and are presented net of tax expense of $28 million and $36 million for the three-month periods ended March 31, 2017 and 2016, respectively. See Note 16—Employee Benefit Plans, for additional information.

Cash Flow Information

Cash Flow Information	3 Months Ended
	Mar. 31, 2017
Cash Flow Information [Abstract]
Cash Flow Information	Note 15—Cash Flow Information Millions of Dollars Three Months Ended March 31 2017 2016 Cash Payments (Receipts) Interest $ 327 244 Income taxes 150 133 Net Sales (Purchases) of Short-Term Investments Short-term investments purchased $ (243) (302) Short-term investments sold 40 - $ (203) (302) During the quarter, we recognized a $ 180 million adverse cash impact from the settlement of cross-currency swap transactions which is included in the “Cash Flows From Operating Activities” section of our consolidated statement of cash flows. We received a $ 1 30 million deposit from Cenovus Energy on the date of signing the definitive agreement to sell certain Canadian assets. This deposit is included in the “Cash Flows From Investing Activities” section of our consolid ated statement of cash flows . See Note 4 —Assets Held for Sale and Other Planned Dispositions, for additional information on our Canada disposition.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2017
Employee Benefit Plans [Abstract]
Employee Benefit Plans	Note 16—Employee Benefit Plans Pension and Postretirement Plans Millions of Dollars Pension Benefits Other Benefits Three Months Ended March 31 March 31 2017 2016 2017 2016 U.S. Int’l. U.S. Int’l. Components of Net Periodic Benefit Cost Service cost $ 23 19 27 20 - 1 Interest cost 32 26 40 31 2 3 Expected return on plan assets (34) (39) (43) (41) - - Amortization of prior service cost (credit) 1 (1) 1 (1) (9) (9) Recognized net actuarial loss (gain) 19 12 19 7 (1) - Settlements 60 - 82 - - - Net periodic benefit cost $ 101 17 126 16 (8) (5) During the first three months of 2017 , we contributed $ 19 million to our domestic benefit plans and $ 41 million to our international benefit plans. In 2017 , we expect to contribute approximately $ 340 million to our domestic qualified and nonqualified pension and postretirement benefit plans and $ 120 million to our international qualified and nonqualified pension and postretirement benefit plans. During the three - month period e nded March 31, 2017 , lump-sum benefit payments exceeded the sum of service and interest costs for the fiscal year for the U.S. qualified pension plan and certain U.S. nonqualified supplemental retirement plans. As a result, we recognized a proportionate sha re of prior actuarial losses from ot her comprehensive income as pension settlement expense of $ 60 million. Severance Accrual As a result of entering into a definitive agreement during the first quarter to sell our 50 percent nonoperated interest in the FCCL Partnership , as well as the majority of our western Canada gas assets, a reduction in our overall employee workforce is expected in 2017. Severance accruals of $ 39 million were recorded during th e three-month period ended March 31, 2017. The following table summarizes our severance accrual activity for the three - month period ended March 31, 2017 : Millions of Dollars Balance at December 31, 2016 $ 80 Accruals 39 Benefit payments (45) Foreign currency translation adjustments (1) Balance at March 31, 2017 $ 73 Of the remaining balance at March 31, 2017 , $ 48 million is classified as short-term.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Note 17—Related Party Transactions Our related parties primarily include equity method investments and certain trusts for the benefit of employees. Significant transactions with our equity affiliates were: Millions of Dollars Three Months Ended March 31 2017 2016 Operating revenues and other income $ 29 27 Purchases 23 24 Operating expenses and selling, general and administrative expenses 12 16 Net interest (income) expense* (3) (3) *We paid interest to, or received interest from various affiliates. See Note 5—Investments, Loans and Long-Term Receivables, for additional information on loans to affiliated companies.

Segment Disclosures and Related

Segment Disclosures and Related Information	3 Months Ended
	Mar. 31, 2017
Segment Disclosures and Related Information [Abstract]
Segment Disclosures and Related Information	Note 18 —Segment Disclosures and Related Information We explore for, produce, transport and market crude oil, bitumen, natural gas, LNG and natural gas liquids on a worldwide basis. We manage our operations through six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International. Corporate and Other represents costs not directly associated with an operating segment, such as most interest expense, corporate overhead and certain technology activities, including licensing revenues. Corporate assets include all cas h and cash equivalents and short-term investments. We evaluate performance and allocate resources based on net income (loss) attributable to ConocoPhillips. Intersegment sales are at prices that approximate market. Analysis of Results by Operating Segment Millions of Dollars Three Months Ended March 31 2017 2016 Sales and Other Operating Revenues Alaska $ 1,007 778 Lower 48 3,230 2,145 Intersegment eliminations (3) (7) Lower 48 3,227 2,138 Canada 870 425 Intersegment eliminations (86) (35) Canada 784 390 Europe and North Africa 1,443 923 Asia Pacific and Middle East 1,022 837 Corporate and Other 35 55 Consolidated sales and other operating revenues $ 7,518 5,121 Net Income (Loss) Attributable to ConocoPhillips Alaska $ (11) (2) Lower 48 (362) (820) Canada 948 (294) Europe and North Africa 171 (51) Asia Pacific and Middle East 236 (5) Other International (48) (24) Corporate and Other (348) (273) Consolidated net income (loss) attributable to ConocoPhillips $ 586 (1,469) Millions of Dollars March 31 December 31 2017 2016 Total Assets Alaska $ 12,095 12,314 Lower 48 21,746 22,673 Canada 17,707 17,548 Europe and North Africa 11,562 11,727 Asia Pacific and Middle East 20,058 20,451 Other International 99 97 Corporate and Other 4,706 4,962 Consolidated total assets $ 87,973 89,772

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Taxes [Abstract]
Income Taxes	Note 19 —Income Taxes Our effective tax rate for the first quarter of 2017 was 358 percent compared with 35 percent for the first quarter of 2016 . The increase in the effective tax rate was primarily due to the recognition of deferred tax benefits associated with the disposition of certain Canadian assets, discussed below, and lower before-tax losses in low tax jurisdictions. This is partially offset by our higher before-tax income in high tax jurisdictions. On March 29, 2017, we signed a definitive agreement with Cenovus Energy to sell our 50 percent nonoperated interest in the FCCL Partnership and the majority of our western Canada gas assets. The transaction i s subject to specific conditions precedent being satisfied, including regulatory review and approval, and is expected to close in the second quarter of 2017. During the first quarter, we recorded a $996 million financial accounting tax benefit primarily a ssociated with a deferred tax recovery related to the Canadian capital gains exclusion component of the transaction and the recognition of previously unrealizable Canadian capital asset tax basis. The disposition, along with the associated restructuring o f our Canadian operations , may generate a n additional tax benefit of approximately $800 million. However, since we believe it is not likely we will receive a corresponding cash tax savings of this amount, the benefit has not been recorded. See Note 4 — Assets Held for Sale and Other Planned Dispositions , for additional information on our Canada disposition.

New Accounting Standards

New Accounting Standards	3 Months Ended
	Mar. 31, 2017
New Accounting Standards [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	Note 20 — New Accounting Standards In May 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers” (ASU No. 2014-09), which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. This ASU supersedes the revenue recognition requirements in FASB ASC Topic 605, “Revenue Recognition,” and most industry-specific guidance. This ASU sets forth a five-step model for determining when and how revenue is recognized. Under the model, an entity will be required to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. Add itional disclosures will be required to describe the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. In August 2015, the FASB issued ASU No. 2015-14, “Deferral of the Effective Date,” which defers the ef fective date of ASU No. 2014-09. The ASU is now effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. Entities may choose to adopt the st andard using either a full retrospective approach or a modified retrospective approach. ASU No. 2014-09 was amended in March 2016 by the provisions of ASU No. 2016-08, “Principal versus Agent Considerations (Reporting Revenue Gross versus Net),” in Apri l 2016 by the provisions of ASU No. 2016-10, “Identifying Performance Obligations and Licensing,” in May 2016 by the provisions of ASU No. 2016-12, “Narrow-Scope Improvements and Practical Expedients,” and in December 2016 by the provisions of ASU No. 2016 -20, “Technical Corrections and Improvements to Topic 606, Revenue From Contracts With Customers.” We will adopt the provisions of ASU No. 2014-09, as amended, with effect from January 1, 2018, and have elected not to early adopt the standard. We intend to adopt the new standard using the modified retrospective approach which we will apply only to contracts within the scope of the standard that are not complete at the date of initial application. Under this approach, we will apply the guidance retrospec tively only to the most current period presented in the financial statements. We continue to assess the impact of adoption of the standard on our current accounting policies and revenue-related disclosures. The impact to our financial statements is expec ted to be immaterial. In February 2016, the FASB issued ASU No. 2016-02, “Leases” (ASU No. 2016-02), which establishes comprehensive accounting and financial reporting requirements for leasing arrangements. This ASU supersedes the existing requirements i n FASB ASC Topic 840, “Leases,” and requires lessees to recognize substantially all lease assets and lease liabilities on the balance sheet. The provisions of ASU No. 2016-02 also modify the definition of a lease and outline requirements for recognition, measurement, presentation, and disclosure of leasing arrangements by both lessees and lessors. The ASU is effective for interim and annual periods beginning after December 15, 2018, and early adoption of the standard is permitted. Entities are required to adopt the ASU using a modified retrospective approach, subject to certain optional practical expedients, and apply the provisions of ASU No. 2016-02 to leasing arrangements existing at or entered into after the earliest comparative period presented in t he financial statements. While we continue to evaluate the ASU, we expect the adoption of the ASU to have a material impact on our consolidated financial statements and disclosures. In June 2016, the FASB issued ASU No. 2016-13, “Measurement of Credit Losses on Financial Instruments” (ASU No. 2016-13), which sets forth the current expected credit loss model, a new forward-looking impairment model for certain financial instruments based on expected losses rather than incurred losses. The ASU is effecti ve for interim and annual periods beginning after December 15, 2019, and early adoption of the standard is permitted. Entities are required to adopt ASU No. 2016-13 using a modified retrospective approach, subject to certain limited exceptions. We are cu rrently evaluating the impact of the adoption of this ASU.

Supplementary Information - Con

Supplementary Information - Condensed Consolidating Financial Information	3 Months Ended
	Mar. 31, 2017
Supplementary Information - Condensed Consolidating Financial Information [Abstract]
Supplementary Information - Condensed Consolidating Financial Information	Supplementary Information —Condensed Consolidating Financial Information We have various cross guarantees among ConocoPhillips, ConocoPhillips Company and ConocoPhillips Canada Funding Company I, with respect to publicly held debt securities. ConocoPhillips Company is 100 percent owned by ConocoPhillips. ConocoPhillips Canada Funding Company I is an indirect, 100 percent owned subsidiary of ConocoPhillips Company. ConocoPhillips and ConocoPhill ips Company have fully and unconditionally guaranteed the payment obligations of ConocoPhillips Canada Funding Company I, with respect to its publicly held debt securities. Similarly, ConocoPhillips has fully and unconditionally guaranteed the payment obl igations of ConocoPhillips Company with respect to its publicly held debt securities. In addition, ConocoPhillips Company has fully and unconditionally guaranteed the payment obligations of ConocoPhillips with respect to its publicly held debt securities. All guarantees are joint and several. The following condensed consolidating financial information presents the results of operations, financial position and cash flows for: ConocoPhillips, ConocoPhillips Company and ConocoPhillips Canada Funding Compan y I (in each case, reflecting investments in subsidiaries utilizing the equity method of accounting). All other nonguarantor subsidiaries of ConocoPhillips. The consolidating adjustments necessary to present ConocoPhillips’ results on a consolidated basis. This condensed consolidating financial information should be read in conjunc tion with the accompanying consolidated financial statements and notes. Millions of Dollars Three Months Ended March 31, 2017 Income Statement ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Revenues and Other Income Sales and other operating revenues $ - 3,115 - 4,403 - 7,518 Equity in earnings of affiliates 657 1,173 - 160 (1,790) 200 Gain on dispositions - 13 - 9 - 22 Other income - 2 - 29 - 31 Intercompany revenues 17 71 42 794 (924) - Total Revenues and Other Income 674 4,374 42 5,395 (2,714) 7,771 Costs and Expenses Purchased commodities - 2,765 - 1,190 (763) 3,192 Production and operating expenses - 141 - 1,158 (1) 1,298 Selling, general and administrative expenses 4 136 - 22 (5) 157 Exploration expenses - 372 - 179 - 551 Depreciation, depletion and amortization - 251 - 1,728 - 1,979 Impairments - - - 175 - 175 Taxes other than income taxes - 49 - 182 - 231 Accretion on discounted liabilities - 10 - 85 - 95 Interest and debt expense 129 165 37 139 (155) 315 Foreign currency transaction (gains) losses (7) - 49 (32) - 10 Total Costs and Expenses 126 3,889 86 4,826 (924) 8,003 Income (loss) before income taxes 548 485 (44) 569 (1,790) (232) Income tax benefit (38) (172) (5) (616) - (831) Net income (loss) 586 657 (39) 1,185 (1,790) 599 Less: net income attributable to noncontrolling interests - - - (13) - (13) Net Income (Loss) Attributable to ConocoPhillips $ 586 657 (39) 1,172 (1,790) 586 Comprehensive Income (Loss) Attributable to ConocoPhillips $ 818 889 (13) 1,362 (2,238) 818 Income Statement Three Months Ended March 31, 2016 Revenues and Other Income Sales and other operating revenues $ - 2,072 - 3,049 - 5,121 Equity in losses of affiliates (1,427) (750) - (444) 2,472 (149) Gain on dispositions - 22 - 1 - 23 Other income (loss) - (6) - 26 - 20 Intercompany revenues 18 81 56 525 (680) - Total Revenues and Other Income (1,409) 1,419 56 3,157 1,792 5,015 Costs and Expenses Purchased commodities - 1,848 - 879 (502) 2,225 Production and operating expenses - 253 - 1,104 (3) 1,354 Selling, general and administrative expenses 3 154 - 35 (6) 186 Exploration expenses - 431 - 74 - 505 Depreciation, depletion and amortization - 257 - 1,990 - 2,247 Impairments - 4 - 132 - 136 Taxes other than income taxes - 57 - 123 - 180 Accretion on discounted liabilities - 12 - 97 - 109 Interest and debt expense 124 134 55 137 (169) 281 Foreign currency transaction (gains) losses (44) 2 312 (254) - 16 Total Costs and Expenses 83 3,152 367 4,317 (680) 7,239 Loss before income taxes (1,492) (1,733) (311) (1,160) 2,472 (2,224) Income tax benefit (23) (306) (18) (421) - (768) Net loss (1,469) (1,427) (293) (739) 2,472 (1,456) Less: net income attributable to noncontrolling interests - - - (13) - (13) Net Loss Attributable to ConocoPhillips $ (1,469) (1,427) (293) (752) 2,472 (1,469) Comprehensive Income (Loss) Attributable to ConocoPhillips $ (368) (326) (47) 445 (72) (368) Millions of Dollars March 31, 2017 Balance Sheet ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Assets Cash and cash equivalents $ - 313 58 2,738 - 3,109 Short-term investments - - - 252 - 252 Accounts and notes receivable 12 1,814 25 3,876 (2,368) 3,359 Inventories - 142 - 955 - 1,097 Prepaid expenses and other current assets 1 155 7 2,773 (25) 2,911 Total Current Assets 13 2,424 90 10,594 (2,393) 10,728 Investments, loans and long-term receivables* 38,761 62,802 2,280 31,145 (113,313) 21,675 Net properties, plants and equipment - 5,818 - 48,622 - 54,440 Other assets 40 2,345 216 1,271 (2,742) 1,130 Total Assets $ 38,814 73,389 2,586 91,632 (118,448) 87,973 Liabilities and Stockholders’ Equity Accounts payable $ - 2,356 2 3,541 (2,368) 3,531 Short-term debt (9) 999 6 99 - 1,095 Accrued income and other taxes - 61 - 695 - 756 Employee benefit obligations - 336 - 129 - 465 Other accruals 101 259 49 1,295 (25) 1,679 Total Current Liabilities 92 4,011 57 5,759 (2,393) 7,526 Long-term debt 8,173 12,635 1,708 2,824 - 25,340 Asset retirement obligations and accrued environmental costs - 944 - 6,940 - 7,884 Deferred income taxes - - - 9,778 (2,210) 7,568 Employee benefit obligations - 1,906 - 628 - 2,534 Other liabilities and deferred credits* 1,758 9,927 778 14,240 (25,183) 1,520 Total Liabilities 10,023 29,423 2,543 40,169 (29,786) 52,372 Retained earnings 25,280 14,672 (580) 13,253 (20,821) 31,804 Other common stockholders’ equity 3,511 29,294 623 37,962 (67,841) 3,549 Noncontrolling interests - - - 248 - 248 Total Liabilities and Stockholders’ Equity $ 38,814 73,389 2,586 91,632 (118,448) 87,973 *Includes intercompany loans. Balance Sheet December 31, 2016 Assets Cash and cash equivalents $ - 358 13 3,239 - 3,610 Short-term investments - - - 50 - 50 Accounts and notes receivable 22 1,968 23 6,103 (4,702) 3,414 Inventories - 84 - 934 - 1,018 Prepaid expenses and other current assets 2 116 8 415 (24) 517 Total Current Assets 24 2,526 44 10,741 (4,726) 8,609 Investments, loans and long-term receivables* 37,901 64,434 2,296 31,643 (114,602) 21,672 Net properties, plants and equipment - 6,301 - 52,030 - 58,331 Other assets 40 2,194 220 1,240 (2,534) 1,160 Total Assets $ 37,965 75,455 2,560 95,654 (121,862) 89,772 Liabilities and Stockholders’ Equity Accounts payable $ - 4,683 1 3,671 (4,702) 3,653 Short-term debt (10) 999 6 94 - 1,089 Accrued income and other taxes - 85 - 399 - 484 Employee benefit obligations - 489 - 200 - 689 Other accruals 171 271 40 536 (24) 994 Total Current Liabilities 161 6,527 47 4,900 (4,726) 6,909 Long-term debt 8,975 12,635 1,710 2,866 - 26,186 Asset retirement obligations and accrued environmental costs - 925 - 7,500 - 8,425 Deferred income taxes - - - 10,972 (2,023) 8,949 Employee benefit obligations - 1,901 - 651 - 2,552 Other liabilities and deferred credits* 417 10,391 748 17,832 (27,863) 1,525 Total Liabilities 9,553 32,379 2,505 44,721 (34,612) 54,546 Retained earnings 25,025 14,015 (541) 12,883 (19,834) 31,548 Other common stockholders’ equity 3,387 29,061 596 37,798 (67,416) 3,426 Noncontrolling interests - - - 252 - 252 Total Liabilities and Stockholders’ Equity $ 37,965 75,455 2,560 95,654 (121,862) 89,772 *Includes intercompany loans. Millions of Dollars Three Months Ended March 31, 2017 Statement of Cash Flows ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Cash Flows From Operating Activities Net Cash Provided by (Used in) Operating Activities $ (97) 1,014 45 1,581 (753) 1,790 Cash Flows From Investing Activities Capital expenditures and investments - (149) - (819) 2 (966) Working capital changes associated with investing activities - 55 - (81) - (26) Proceeds from asset dispositions - 46 - 18 (29) 35 Purchases of short-term investments - - - (203) - (203) Long-term advances/loans—related parties - (30) - - 30 - Collection of advances/loans—related parties - 63 - 2,138 (2,144) 57 Intercompany cash management 1,341 1,037 - (2,378) - - Other - - - 129 - 129 Net Cash Provided by (Used in) Investing Activities 1,341 1,022 - (1,196) (2,141) (974) Cash Flows From Financing Activities Issuance of debt - - - 30 (30) - Repayment of debt (805) (2,081) - (97) 2,144 (839) Issuance of company common stock 3 - - - (49) (46) Repurchase of company common stock (112) - - - - (112) Dividends paid (331) - - (802) 802 (331) Other 1 - - (44) 27 (16) Net Cash Used in Financing Activities (1,244) (2,081) - (913) 2,894 (1,344) Effect of Exchange Rate Changes on Cash and Cash Equivalents - - - 27 - 27 Net Change in Cash and Cash Equivalents - (45) 45 (501) - (501) Cash and cash equivalents at beginning of period - 358 13 3,239 - 3,610 Cash and Cash Equivalents at End of Period $ - 313 58 2,738 - 3,109 Statement of Cash Flows Three Months Ended March 31, 2016 Cash Flows From Operating Activities Net Cash Provided by (Used in) Operating Activities $ (153) (284) 1 1,011 (154) 421 Cash Flows From Investing Activities Capital expenditures and investments - (504) - (1,516) 199 (1,821) Working capital changes associated with investing activities - (21) - (113) - (134) Proceeds from asset dispositions 2,300 60 - 75 (2,300) 135 Net sales (purchases) of short-term investments - - - (302) - (302) Long-term advances/loans—related parties - (51) - - 51 - Collection of advances/loans—related parties - - - 2,198 (2,145) 53 Intercompany cash management (3,438) 3,206 - 232 - - Other - 8 - (4) - 4 Net Cash Provided by (Used in) Investing Activities (1,138) 2,698 - 570 (4,195) (2,065) Cash Flows From Financing Activities Issuance of debt 1,600 2,994 - 51 (51) 4,594 Repayment of debt - (2,145) - (64) 2,145 (64) Issuance of company common stock 7 - - - (49) (42) Dividends paid (313) - - (203) 203 (313) Other (3) (2,320) - 184 2,101 (38) Net Cash Provided by (Used in) Financing Activities 1,291 (1,471) - (32) 4,349 4,137 Effect of Exchange Rate Changes on Cash and Cash Equivalents - - - 5 - 5 Net Change in Cash and Cash Equivalents - 943 1 1,554 - 2,498 Cash and cash equivalents at beginning of period - 4 15 2,349 - 2,368 Cash and Cash Equivalents at End of Period $ - 947 16 3,903 - 4,866

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2017
Inventories [Abstract]
Inventories	Note 3—Inventories Inventories consisted of the following: Millions of Dollars March 31 December 31 2017 2016 Crude oil and natural gas $ 509 418 Materials and supplies 588 600 $ 1,097 1,018

Impairments (Tables)

Impairments (Tables)	3 Months Ended
	Mar. 31, 2017
Impairment Of Long Lived Assets [Abstract]
Impairment charges by segment before tax.	Note 7—Impairments During the three-month periods ended March 31, 2017 and 2016, we recognized before-tax impairment charges within the following segments: Millions of Dollars Three Months Ended March 31 2017 2016 Alaska $ 174 - Lower 48 - 9 Europe and North Africa 1 127 $ 175 136

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	3 Months Ended
	Mar. 31, 2017
Noncontrolling Interests [Abstract]
Change in equity attributable to non-controlling interests	Note 9—Noncontrolling Interests Activity attributable to common stockholders’ equity and noncontrolling interests for the first three months of 2017 and 2016 was as follows: Millions of Dollars 2017 2016 Common Stockholders’ Equity Non-Controlling Interest Total Equity Common Stockholders’ Equity Non-Controlling Interest Total Equity Balance at January 1 $ 34,974 252 35,226 39,762 320 40,082 Net income (loss) 586 13 599 (1,469) 13 (1,456) Dividends (331) - (331) (313) - (313) Repurchase of company common stock (112) - (112) - - - Distributions to noncontrolling interests - (17) (17) - (16) (16) Other changes, net* 236 - 236 1,109 1 1,110 Balance at March 31 $ 35,353 248 35,601 39,089 318 39,407 *Includes components of other comprehensive income, which are disclosed separately in the Consolidated Statement of Comprehensive Income.

Derivative and Financial Inst31

Derivative and Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative and Financial Instruments [Abstract]
Balance sheet location and fair value amounts of derivatives	The following table presents the gross fair values of our commodity derivatives, excluding collateral, and the line items where they appear on our consolidated balance sheet: Millions of Dollars March 31 December 31 2017 2016 Assets Prepaid expenses and other current assets $ 199 268 Other assets 52 44 Liabilities Other accruals 196 300 Other liabilities and deferred credits 41 34 The following table presents the gross fair values of our foreign currency exchange derivatives, excluding collateral, and the line items where they appear on our consolidated balance sheet: Millions of Dollars March 31 December 31 2017 2016 Assets Prepaid expenses and other current assets $ - 1 Liabilities Other accruals 2 168
Income statement location and gain/loss amounts of derivatives	The gains (losses) from commodity derivatives incurred, and the line items where they appear on our consolidated income statement were: Millions of Dollars Three Months Ended March 31 2017 2016 Sales and other operating revenues $ 51 (3) Other income 1 1 Purchased commodities (38) (1) The losses from foreign currency exchange derivatives incurred and the line item where they appear on our consolidated income statement were: Millions of Dollars Three Months Ended March 31 2017 2016 Foreign currency transaction losses $ 7 97
Net exposures from outstanding commodity derivative contracts	The table below summarizes our material net exposures resulting from outstanding commodity derivative contracts: Open Position Long/(Short) March 31 December 31 2017 2016 Commodity Natural gas and power (billions of cubic feet equivalent) Fixed price (30) (31) Basis 31 2 We had the following net notional position of outstanding foreign currency exchange derivatives: In Millions Notional Currency March 31 December 31 2017 2016 Sell U.S. dollar, buy other currencies* USD 212 13 Buy U.S. dollar, sell other currencies** USD - 25 Buy British pound, sell other currencies*** GBP 12 1,069 Sell British pound, buy Norwegian krone GBP - 51 *Primarily Canadian dollar and Norwegian krone. **Primarily British pound. ***Primarily Euro and Canadian dollar.
Balances of financial instruments	Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments March 31 December 31 March 31 December 31 2017 2016 2017 2016 Cash $ 842 623 - - Time deposits Remaining maturities from 1 to 90 days 2,267 2,987 190 39 Remaining maturities from 91 to 180 days - - 62 11 $ 3,109 3,610 252 50

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value Measurement [Abstract]
Fair value hierarchy for gross financial assets and liabilities	Millions of Dollars March 31, 2017 December 31, 2016 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Commodity derivatives $ 135 95 21 251 194 96 22 312 Total assets $ 135 95 21 251 194 96 22 312 Liabilities Commodity derivatives $ 152 70 15 237 207 105 22 334 Total liabilities $ 152 70 15 237 207 105 22 334
Commodity derivative balances subject to right of setoff	The following table summarizes those commodity derivative balances subject to the right of setoff as presented on our consolidated balance sheet. We have elected to offset the recognized fair value amounts for multiple derivative instruments executed with the same counterparty in our financial statements when a legal right of setoff exists. Millions of Dollars Gross Gross Net Gross Amounts Amounts Amounts Amounts Cash without Net Recognized Offset Presented Collateral Right of Setoff Amounts March 31, 2017 Assets $ 251 157 94 - 4 90 Liabilities 237 157 80 16 5 59 December 31, 2016 Assets $ 312 221 91 - 5 86 Liabilities 334 221 113 12 12 89 At March 31, 2017 and December 31, 2016, we did not present any amounts gross on our consolidated balance sheet where we had the right of setoff.
Net fair value of financial instruments	The following table summarizes the net fair value of financial instruments (i.e., adjusted where the right of setoff exists for commodity derivatives): Millions of Dollars Carrying Amount Fair Value March 31 December 31 March 31 December 31 2017 2016 2017 2016 Financial assets Commodity derivatives $ 94 91 94 91 Total loans and advances—related parties 641 701 641 701 Financial liabilities Total debt, excluding capital leases 25,616 26,423 28,734 29,307 Commodity derivatives 64 101 64 101

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2017
Accumulated Other Comprehensive Income [Abstract]
Components of accumulated other comprehensive income in the equity section of the balance sheet	Note 14—Accumulated Other Comprehensive Loss Accumulated other comprehensive loss in the equity section of our consolidated balance sheet included: Millions of Dollars Defined Benefit Plans Foreign Currency Translation Accumulated Other Comprehensive Income (Loss) December 31, 2016 $ (547) (5,646) (6,193) Other comprehensive income 48 184 232 March 31, 2017 $ (499) (5,462) (5,961)
Items reclassified out of accumulated other comprehensive income (loss)	The following table summarizes reclassifications out of accumulated other comprehensive loss: Millions of Dollars Three Months Ended March 31 2017 2016 Defined benefit plans $ 53 63 The above amounts are included in the computation of net periodic benefit cost and are presented net of tax expense of $28 million and $36 million for the three-month periods ended March 31, 2017 and 2016, respectively. See Note 16—Employee Benefit Plans, for additional information.

Cash Flow Information (Tables)

Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2017
Cash Flow Information [Abstract]
Cash Flow Information	Note 15—Cash Flow Information Millions of Dollars Three Months Ended March 31 2017 2016 Cash Payments (Receipts) Interest $ 327 244 Income taxes 150 133 Net Sales (Purchases) of Short-Term Investments Short-term investments purchased $ (243) (302) Short-term investments sold 40 - $ (203) (302)

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2017
Employee Benefit Plans [Abstract]
Pension and Postretirement Plans	Note 16—Employee Benefit Plans Pension and Postretirement Plans Millions of Dollars Pension Benefits Other Benefits Three Months Ended March 31 March 31 2017 2016 2017 2016 U.S. Int’l. U.S. Int’l. Components of Net Periodic Benefit Cost Service cost $ 23 19 27 20 - 1 Interest cost 32 26 40 31 2 3 Expected return on plan assets (34) (39) (43) (41) - - Amortization of prior service cost (credit) 1 (1) 1 (1) (9) (9) Recognized net actuarial loss (gain) 19 12 19 7 (1) - Settlements 60 - 82 - - - Net periodic benefit cost $ 101 17 126 16 (8) (5)
Severance accrual	Millions of Dollars Balance at December 31, 2016 $ 80 Accruals 39 Benefit payments (45) Foreign currency translation adjustments (1) Balance at March 31, 2017 $ 73

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Significant transactions with related parties	Note 17—Related Party Transactions Our related parties primarily include equity method investments and certain trusts for the benefit of employees. Significant transactions with our equity affiliates were: Millions of Dollars Three Months Ended March 31 2017 2016 Operating revenues and other income $ 29 27 Purchases 23 24 Operating expenses and selling, general and administrative expenses 12 16 Net interest (income) expense* (3) (3) *We paid interest to, or received interest from various affiliates. See Note 5—Investments, Loans and Long-Term Receivables, for additional information on loans to affiliated companies.

Segment Disclosures and Relat37

Segment Disclosures and Related Information (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Disclosures and Related Information [Abstract]
Analysis of Results by Operating Segment	Analysis of Results by Operating Segment Millions of Dollars Three Months Ended March 31 2017 2016 Sales and Other Operating Revenues Alaska $ 1,007 778 Lower 48 3,230 2,145 Intersegment eliminations (3) (7) Lower 48 3,227 2,138 Canada 870 425 Intersegment eliminations (86) (35) Canada 784 390 Europe and North Africa 1,443 923 Asia Pacific and Middle East 1,022 837 Corporate and Other 35 55 Consolidated sales and other operating revenues $ 7,518 5,121 Net Income (Loss) Attributable to ConocoPhillips Alaska $ (11) (2) Lower 48 (362) (820) Canada 948 (294) Europe and North Africa 171 (51) Asia Pacific and Middle East 236 (5) Other International (48) (24) Corporate and Other (348) (273) Consolidated net income (loss) attributable to ConocoPhillips $ 586 (1,469) Millions of Dollars March 31 December 31 2017 2016 Total Assets Alaska $ 12,095 12,314 Lower 48 21,746 22,673 Canada 17,707 17,548 Europe and North Africa 11,562 11,727 Asia Pacific and Middle East 20,058 20,451 Other International 99 97 Corporate and Other 4,706 4,962 Consolidated total assets $ 87,973 89,772

Supplementary Information - C38

Supplementary Information - Condensed Consolidating Financial Information (Tables)	3 Months Ended
	Mar. 31, 2017
Supplementary Information - Condensed Consolidating Financial Information [Abstract]
Condensed Consolidated Income Statement	Millions of Dollars Three Months Ended March 31, 2017 Income Statement ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Revenues and Other Income Sales and other operating revenues $ - 3,115 - 4,403 - 7,518 Equity in earnings of affiliates 657 1,173 - 160 (1,790) 200 Gain on dispositions - 13 - 9 - 22 Other income - 2 - 29 - 31 Intercompany revenues 17 71 42 794 (924) - Total Revenues and Other Income 674 4,374 42 5,395 (2,714) 7,771 Costs and Expenses Purchased commodities - 2,765 - 1,190 (763) 3,192 Production and operating expenses - 141 - 1,158 (1) 1,298 Selling, general and administrative expenses 4 136 - 22 (5) 157 Exploration expenses - 372 - 179 - 551 Depreciation, depletion and amortization - 251 - 1,728 - 1,979 Impairments - - - 175 - 175 Taxes other than income taxes - 49 - 182 - 231 Accretion on discounted liabilities - 10 - 85 - 95 Interest and debt expense 129 165 37 139 (155) 315 Foreign currency transaction (gains) losses (7) - 49 (32) - 10 Total Costs and Expenses 126 3,889 86 4,826 (924) 8,003 Income (loss) before income taxes 548 485 (44) 569 (1,790) (232) Income tax benefit (38) (172) (5) (616) - (831) Net income (loss) 586 657 (39) 1,185 (1,790) 599 Less: net income attributable to noncontrolling interests - - - (13) - (13) Net Income (Loss) Attributable to ConocoPhillips $ 586 657 (39) 1,172 (1,790) 586 Comprehensive Income (Loss) Attributable to ConocoPhillips $ 818 889 (13) 1,362 (2,238) 818 Income Statement Three Months Ended March 31, 2016 Revenues and Other Income Sales and other operating revenues $ - 2,072 - 3,049 - 5,121 Equity in losses of affiliates (1,427) (750) - (444) 2,472 (149) Gain on dispositions - 22 - 1 - 23 Other income (loss) - (6) - 26 - 20 Intercompany revenues 18 81 56 525 (680) - Total Revenues and Other Income (1,409) 1,419 56 3,157 1,792 5,015 Costs and Expenses Purchased commodities - 1,848 - 879 (502) 2,225 Production and operating expenses - 253 - 1,104 (3) 1,354 Selling, general and administrative expenses 3 154 - 35 (6) 186 Exploration expenses - 431 - 74 - 505 Depreciation, depletion and amortization - 257 - 1,990 - 2,247 Impairments - 4 - 132 - 136 Taxes other than income taxes - 57 - 123 - 180 Accretion on discounted liabilities - 12 - 97 - 109 Interest and debt expense 124 134 55 137 (169) 281 Foreign currency transaction (gains) losses (44) 2 312 (254) - 16 Total Costs and Expenses 83 3,152 367 4,317 (680) 7,239 Loss before income taxes (1,492) (1,733) (311) (1,160) 2,472 (2,224) Income tax benefit (23) (306) (18) (421) - (768) Net loss (1,469) (1,427) (293) (739) 2,472 (1,456) Less: net income attributable to noncontrolling interests - - - (13) - (13) Net Loss Attributable to ConocoPhillips $ (1,469) (1,427) (293) (752) 2,472 (1,469) Comprehensive Income (Loss) Attributable to ConocoPhillips $ (368) (326) (47) 445 (72) (368)
Schedule of Condensed Balance Sheet	Millions of Dollars March 31, 2017 Balance Sheet ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Assets Cash and cash equivalents $ - 313 58 2,738 - 3,109 Short-term investments - - - 252 - 252 Accounts and notes receivable 12 1,814 25 3,876 (2,368) 3,359 Inventories - 142 - 955 - 1,097 Prepaid expenses and other current assets 1 155 7 2,773 (25) 2,911 Total Current Assets 13 2,424 90 10,594 (2,393) 10,728 Investments, loans and long-term receivables* 38,761 62,802 2,280 31,145 (113,313) 21,675 Net properties, plants and equipment - 5,818 - 48,622 - 54,440 Other assets 40 2,345 216 1,271 (2,742) 1,130 Total Assets $ 38,814 73,389 2,586 91,632 (118,448) 87,973 Liabilities and Stockholders’ Equity Accounts payable $ - 2,356 2 3,541 (2,368) 3,531 Short-term debt (9) 999 6 99 - 1,095 Accrued income and other taxes - 61 - 695 - 756 Employee benefit obligations - 336 - 129 - 465 Other accruals 101 259 49 1,295 (25) 1,679 Total Current Liabilities 92 4,011 57 5,759 (2,393) 7,526 Long-term debt 8,173 12,635 1,708 2,824 - 25,340 Asset retirement obligations and accrued environmental costs - 944 - 6,940 - 7,884 Deferred income taxes - - - 9,778 (2,210) 7,568 Employee benefit obligations - 1,906 - 628 - 2,534 Other liabilities and deferred credits* 1,758 9,927 778 14,240 (25,183) 1,520 Total Liabilities 10,023 29,423 2,543 40,169 (29,786) 52,372 Retained earnings 25,280 14,672 (580) 13,253 (20,821) 31,804 Other common stockholders’ equity 3,511 29,294 623 37,962 (67,841) 3,549 Noncontrolling interests - - - 248 - 248 Total Liabilities and Stockholders’ Equity $ 38,814 73,389 2,586 91,632 (118,448) 87,973 *Includes intercompany loans. Balance Sheet December 31, 2016 Assets Cash and cash equivalents $ - 358 13 3,239 - 3,610 Short-term investments - - - 50 - 50 Accounts and notes receivable 22 1,968 23 6,103 (4,702) 3,414 Inventories - 84 - 934 - 1,018 Prepaid expenses and other current assets 2 116 8 415 (24) 517 Total Current Assets 24 2,526 44 10,741 (4,726) 8,609 Investments, loans and long-term receivables* 37,901 64,434 2,296 31,643 (114,602) 21,672 Net properties, plants and equipment - 6,301 - 52,030 - 58,331 Other assets 40 2,194 220 1,240 (2,534) 1,160 Total Assets $ 37,965 75,455 2,560 95,654 (121,862) 89,772 Liabilities and Stockholders’ Equity Accounts payable $ - 4,683 1 3,671 (4,702) 3,653 Short-term debt (10) 999 6 94 - 1,089 Accrued income and other taxes - 85 - 399 - 484 Employee benefit obligations - 489 - 200 - 689 Other accruals 171 271 40 536 (24) 994 Total Current Liabilities 161 6,527 47 4,900 (4,726) 6,909 Long-term debt 8,975 12,635 1,710 2,866 - 26,186 Asset retirement obligations and accrued environmental costs - 925 - 7,500 - 8,425 Deferred income taxes - - - 10,972 (2,023) 8,949 Employee benefit obligations - 1,901 - 651 - 2,552 Other liabilities and deferred credits* 417 10,391 748 17,832 (27,863) 1,525 Total Liabilities 9,553 32,379 2,505 44,721 (34,612) 54,546 Retained earnings 25,025 14,015 (541) 12,883 (19,834) 31,548 Other common stockholders’ equity 3,387 29,061 596 37,798 (67,416) 3,426 Noncontrolling interests - - - 252 - 252 Total Liabilities and Stockholders’ Equity $ 37,965 75,455 2,560 95,654 (121,862) 89,772 *Includes intercompany loans.
Condensed Consolidated Statement of Cash Flows	Millions of Dollars Three Months Ended March 31, 2017 Statement of Cash Flows ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Cash Flows From Operating Activities Net Cash Provided by (Used in) Operating Activities $ (97) 1,014 45 1,581 (753) 1,790 Cash Flows From Investing Activities Capital expenditures and investments - (149) - (819) 2 (966) Working capital changes associated with investing activities - 55 - (81) - (26) Proceeds from asset dispositions - 46 - 18 (29) 35 Purchases of short-term investments - - - (203) - (203) Long-term advances/loans—related parties - (30) - - 30 - Collection of advances/loans—related parties - 63 - 2,138 (2,144) 57 Intercompany cash management 1,341 1,037 - (2,378) - - Other - - - 129 - 129 Net Cash Provided by (Used in) Investing Activities 1,341 1,022 - (1,196) (2,141) (974) Cash Flows From Financing Activities Issuance of debt - - - 30 (30) - Repayment of debt (805) (2,081) - (97) 2,144 (839) Issuance of company common stock 3 - - - (49) (46) Repurchase of company common stock (112) - - - - (112) Dividends paid (331) - - (802) 802 (331) Other 1 - - (44) 27 (16) Net Cash Used in Financing Activities (1,244) (2,081) - (913) 2,894 (1,344) Effect of Exchange Rate Changes on Cash and Cash Equivalents - - - 27 - 27 Net Change in Cash and Cash Equivalents - (45) 45 (501) - (501) Cash and cash equivalents at beginning of period - 358 13 3,239 - 3,610 Cash and Cash Equivalents at End of Period $ - 313 58 2,738 - 3,109 Statement of Cash Flows Three Months Ended March 31, 2016 Cash Flows From Operating Activities Net Cash Provided by (Used in) Operating Activities $ (153) (284) 1 1,011 (154) 421 Cash Flows From Investing Activities Capital expenditures and investments - (504) - (1,516) 199 (1,821) Working capital changes associated with investing activities - (21) - (113) - (134) Proceeds from asset dispositions 2,300 60 - 75 (2,300) 135 Net sales (purchases) of short-term investments - - - (302) - (302) Long-term advances/loans—related parties - (51) - - 51 - Collection of advances/loans—related parties - - - 2,198 (2,145) 53 Intercompany cash management (3,438) 3,206 - 232 - - Other - 8 - (4) - 4 Net Cash Provided by (Used in) Investing Activities (1,138) 2,698 - 570 (4,195) (2,065) Cash Flows From Financing Activities Issuance of debt 1,600 2,994 - 51 (51) 4,594 Repayment of debt - (2,145) - (64) 2,145 (64) Issuance of company common stock 7 - - - (49) (42) Dividends paid (313) - - (203) 203 (313) Other (3) (2,320) - 184 2,101 (38) Net Cash Provided by (Used in) Financing Activities 1,291 (1,471) - (32) 4,349 4,137 Effect of Exchange Rate Changes on Cash and Cash Equivalents - - - 5 - 5 Net Change in Cash and Cash Equivalents - 943 1 1,554 - 2,498 Cash and cash equivalents at beginning of period - 4 15 2,349 - 2,368 Cash and Cash Equivalents at End of Period $ - 947 16 3,903 - 4,866

Variable Interest Entities (V39

Variable Interest Entities (VIEs) (Details) - Marine Well Containment Company, LLC [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Variable Interest Entity [Line Items]
Variable Interest Entity, Ownership Percentage	10.00%
Book value of investment	$ 146
Letter of Credit [Member]
Variable Interest Entity [Line Items]
Term Loan		$ 154
Letter of Credit [Member] | ConocoPhillips [Member]
Variable Interest Entity [Line Items]
Line of Credit		$ 22

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Inventories
Crude oil and petroleum products	$ 509	$ 418
Materials and supplies	588	600
Total Inventories	1,097	1,018
Inventories (Textual) [Abstract]
Inventories valued on the LIFO basis	379	269
Excess of current replacement cost over LIFO cost of inventories	$ 121	$ 104

Assets Held for Sale or Sold (D

Assets Held for Sale or Sold (Details) shares in Millions, CAD in Millions, $ in Millions	3 Months Ended
	Apr. 12, 2017USD ($)$ / MMBTU	Mar. 31, 2017USD ($)	Mar. 29, 2017CADCAD / bblshares	Mar. 29, 2017USD ($)CAD / bblshares	Mar. 31, 2016USD ($)
Long Lived Assets Held For Sale [Line Items]
Payments for (Proceeds from) Other Investing Activities		$ (129)			$ (4)
Income (Loss) from Equity Method Investments		200			(149)
Foster Creek Christina Lake (FCCL) and western Canada gas properties [Member]
Long Lived Assets Held For Sale [Line Items]
Payments for (Proceeds from) Other Investing Activities				$ 130
Foster Creek Christina Lake (FCCL) and western Canada gas properties [Member] | Oil and Gas Properties [Member] | Disposal Group Held for sale Not Discontinued Operations [Member]
Long Lived Assets Held For Sale [Line Items]
Total Consideration Estimate				13,300
Proceeds from asset dispositions				$ 10,600
Shares Exchange for Assets Held for Sale | shares			208	208
Payments for (Proceeds from) Other Investing Activities				$ 130
Foster Creek Christina Lake (FCCL) and western Canada gas properties [Member] | Oil and Gas Properties [Member] | Disposal Group Held for sale Not Discontinued Operations [Member] | Contingent Payment, Maximum [Member]
Long Lived Assets Held For Sale [Line Items]
Assets Held for Sale, Contigent Consinderation, Contingent Payment Based on Crude Oil Price per Barrel Trigger | CAD			CAD 6
Assets Held for Sale, Contingent Consideration Term			5 years	5 years
Assets Held for Sale, Contigent Consideration, Crude Oil Price per Barrel Trigger | CAD / bbl			52	52
Foster Creek Christina Lake (FCCL) [Member]
Long Lived Assets Held For Sale [Line Items]
Investment Owned Percent Of Net Assets				50.00%
Foster Creek Christina Lake (FCCL) [Member] | Oil and Gas Properties [Member] | Disposal Group Held for sale Not Discontinued Operations [Member]
Long Lived Assets Held For Sale [Line Items]
Equity Method Investments		9,000
Income (Loss) from Equity Method Investments		120			(154)
Western Canada Gas Properties [Member] | Oil and Gas Properties [Member] | Disposal Group Held for sale Not Discontinued Operations [Member]
Long Lived Assets Held For Sale [Line Items]
Assets Held for Sale, Property, Plant and Equipment Reclassification to Prepaid Expenses and Other Current Assets		2,400
Assets Held for Sale, Property, Plant and Equipment Reclassification toNoncurrent Liabilities		671
Profit before taxes		(61)			$ (145)
San Juan Basin [Member] | Disposal Group Held for sale Not Discontinued Operations [Member] | Scenario, Plan [Member] | Contingent Payment, Maximum [Member]
Long Lived Assets Held For Sale [Line Items]
Assets Held for Sale, Contingent Consideration Term	6 years
Assets Held for Sale, Contingent Consideration, Effective Date	Jan. 1, 2018
Assets Held for Sale, Contingent Consideration, Henry Hub Price per Unit | $ / MMBTU	3.2
San Juan Basin [Member] | Oil and Gas Properties [Member] | Disposal Group Held for sale Not Discontinued Operations [Member]
Long Lived Assets Held For Sale [Line Items]
Net carrying value		5,800
Amount of PP&E in carrying value of assets		6,200
Asset Retirement Obligation of held for sale or sold		$ 392
San Juan Basin [Member] | Oil and Gas Properties [Member] | Disposal Group Held for sale Not Discontinued Operations [Member] | Scenario, Plan [Member]
Long Lived Assets Held For Sale [Line Items]
Total Consideration Estimate	$ 3,000
Proceeds from asset dispositions	2,700
San Juan Basin [Member] | Oil and Gas Properties [Member] | Disposal Group Held for sale Not Discontinued Operations [Member] | Scenario, Plan [Member] | Contingent Payment, Maximum [Member]
Long Lived Assets Held For Sale [Line Items]
Proceeds from asset dispositions	$ 300

Investments, Loans and Long-T42

Investments, Loans and Long-Term Receivables (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 29, 2017	Dec. 31, 2016	Oct. 31, 2016
Equity method investments
Cumulative foreign currency translation adjustment	$ (5,462)			$ (5,646)
Income (Loss) from Equity Method Investments	200	$ (149)
Australia Pacific LNG [Member]
Equity method investments
Book value of investment	10,059
Project finance facility	$ 8,500
Line of Credit Facility, Frequency of Payments	bi-annual
Line of Credit Facility, Expiration Date	Mar. 31, 2029
Amount drawn from project finance facility	$ 8,200
Fair value of investment	8,629
Unrecognized impairment	1,430
Percent decrease in guarantee					60.00%
Australia Pacific LNG [Member] | Export-Import Bank of the US [Member]
Equity method investments
Project finance facility	2,900
Australia Pacific LNG [Member] | Export-Import Bank of China [Member]
Equity method investments
Project finance facility	2,700
Australia Pacific LNG [Member] | Australian and International Commercial Bank Syndicate [Member]
Equity method investments
Project finance facility	2,900
Deferred Tax Effect [Member] | Australian and International Commercial Bank Syndicate [Member]
Equity method investments
Income (Loss) from Equity Method Investments	0
Qatar Liquefied Gas Company Limited (3) (QG3) [Member]
Equity method investments
Loan balance with affiliated company	639
Foster Creek Christina Lake (FCCL) and western Canada gas properties [Member]
Equity method investments
Book value of investment	9,006
Cumulative foreign currency translation adjustment	$ 1,604
Distribution from equity affiliate		$ 0
Foster Creek Christina Lake (FCCL) and western Canada gas properties [Member] | Oil and Gas Properties [Member] | Disposal Group Held for sale Not Discontinued Operations [Member]
Equity method investments
Total Consideration Estimate			$ 13,300
Foster Creek Christina Lake (FCCL) [Member]
Equity method investments
Percent interest			50.00%

Suspended Wells and Wells in 43

Suspended Wells and Wells in Progress (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Feb. 28, 2017	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Suspended Wells (Textual) [Abstract]
Capitalized cost of suspended wells		$ 834		$ 1,063
Increase (decrease) in capitalized cost of suspended wells		(229)
Dollar value of wells charged to dry hole expense		17
Exploration Expense		551	$ 505
Gulf of Mexico, Shenandoah [Member]
Suspended Wells (Textual) [Abstract]
Dollar value of wells charged to dry hole expense		$ 94
Number of wells charged to dry hole expense		2
Alaska [Member]
Suspended Wells (Textual) [Abstract]
Dollar value of wells charged to dry hole expense		$ 17
Number of wells charged to dry hole expense		1
Angola [Member]
Suspended Wells (Textual) [Abstract]
Exploration Expense	$ 43

Impairments (Details)

Impairments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges	$ 175	$ 136
Exploration Expense	551	505
Alaska State [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges	174	0
Lower Forty Eight [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges	0	9
Gibson and Tiber [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Exploration Expense	0
Melmar [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges		95
Europe and North Africa [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges	1	127
Gulf of Mexico, Shenandoah [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges	$ 51	$ 73

Debt (Details Textual)

Debt (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)
Debt Instrument [Line Items]
Repayments of Debt	$ 839	$ 64
ShortTermBorrowings [Abstract]
Maturity period of commercial paper (in days)	P90D
Letters of credit issued	$ 266
Debt (Textual) [Abstract]
Classification of short-term debt as long-term debt	$ 0
Debt to capital ratio	0.65
Floating Rate Notes due 2019 [Member]
Debt Instrument [Line Items]
Repayments of Debt	$ 805
Remaining Amount of Debt	$ 645
Debt Instrument, Maturity Date	Mar. 18, 2019
Marine Terminal Revenue Refunding Bonds due through 2035
Debt Instrument [Line Items]
Debt at face value	$ 283
Debt Instrument, Maturity Date	Dec. 31, 2035
Revolving Credit Facilities [Member]
ShortTermBorrowings [Abstract]
Total amount under revolving credit facilities	$ 6,750
Letters of credit issued	0
Credit facilities remaining after commercial paper outstanding and issuance of letters of credit	6,750
ConocoPhillips [Member]
Debt Instrument [Line Items]
Repayments of Debt	805	$ 0
ShortTermBorrowings [Abstract]
Commercial paper program	6,250
ConocoPhillips Qatar Funding Ltd. [Member]
ShortTermBorrowings [Abstract]
Commercial paper program	500
Commercial paper outstanding	$ 0

Noncontrolling Interests (Detai

Noncontrolling Interests (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Activity for equity attributable to noncontrolling interests
Beginning Balance		$ 35,226	$ 40,082
Net income (loss)		599	(1,456)
Dividends paid		(331)	(313)
Repurchase of company common stock		(112)	0
Distributions to noncontrolling interests		(17)	(16)
Other	[1]	236	1,110
Ending Balance		35,601	39,407
Common Stockholders' Equity [Member]
Activity for equity attributable to noncontrolling interests
Beginning Balance		34,974	39,762
Net income (loss)		586	(1,469)
Dividends paid		(331)	(313)
Repurchase of company common stock		(112)	0
Distributions to noncontrolling interests		0	0
Other	[1]	236	1,109
Ending Balance		35,353	39,089
Noncontrolling Interest [Member]
Activity for equity attributable to noncontrolling interests
Beginning Balance		252	320
Net income (loss)		13	13
Dividends paid		0	0
Repurchase of company common stock		0	0
Distributions to noncontrolling interests		(17)	(16)
Other	[1]	0	1
Ending Balance		$ 248	$ 318
[1]	*Includes components of other comprehensive income, which are disclosed separately in the Consolidated Statement of Comprehensive Income.

Guarantees (Details)

Guarantees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Guarantees (Textual) [Abstract]
Environmental accruals for known contamination in carrying amount recorded for indemnifications	$ 260	$ 247
Australia Pacific APLNG [Member]
Guarantees (Textual) [Abstract]
Ownership percentage in equity investment	37.50%
Train 1 and Train 2 [Member] | Australia Pacific APLNG [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	$ 10
Terms of guarantees outstanding	1 year
Construction completion guarantee [Member] | Australia Pacific APLNG [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments based on current pro-rata share	$ 1,240
Carrying value of the guarantee to third-party lenders	46
Continued development [Member] | Australia Pacific APLNG [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	$ 150
Terms of guarantees outstanding	up to 29 years or the life of the venture
Other Guarantees [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	$ 540
Terms of guarantees outstanding	up to six years
Indemnifications [Member]
Guarantees (Textual) [Abstract]
Carrying value of the guarantee to third-party lenders	$ 100
Environmental accruals for known contamination in carrying amount recorded for indemnifications	40
Indemnifications [Member] | Refinery Supplier [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	$ 1,350
Terms of guarantees outstanding	eight years
Carrying value of the guarantee to third-party lenders	$ 98
Carrying value of indemnification asset	98
Guarantee existing sales agreement of natural gas delivery | Australia Pacific APLNG [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	1,000
Maximum potential amount of future payments under the guarantees in the event of intentional or reckless breach	$ 1,760
Terms of guarantees outstanding	up to 25 years
Finance Reserve Guarantee [Member] | Australia Pacific APLNG [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	$ 100
Terms of guarantees outstanding	12 years
Carrying value of the guarantee to third-party lenders	$ 9

Contingencies and Commitments (

Contingencies and Commitments (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Feb. 28, 2017	Mar. 31, 2017	Dec. 31, 2016
Contingencies and Commitments (Textual) [Abstract]
Total environmental accrual included in balance sheet		$ 260	$ 247
Expected years to incur the majority of expenditures		30 years
Letters of credit that secure performance obligations		$ 266
Burlington Resources, Inc [Member] | ECUADOR | Oil and Gas Properties [Member] | Confiscated Crude Oil Production [Member]
Loss Contingencies [Line Items]
Loss Contingency, Name of Plaintiff		Burlington Resources, Inc
Loss Contingency, Name of Defendant		The Republic of Ecuador
Litigation Settlement Amount	$ 380
Litigation Settlement Amount, Seperate Seetlement to Defendent, Environemental and Infrastructure Impacts	$ 42

Derivative and Financial Inst49

Derivative and Financial Instruments - Commodity Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Commodity derivative assets	$ 199	$ 268
Other assets [Member]
Derivatives, Fair Value [Line Items]
Commodity derivative assets	52	44
Other accruals [Member]
Derivatives, Fair Value [Line Items]
Commodity derivative liabilities	196	300
Other liabilities and deferred credits [Member]
Derivatives, Fair Value [Line Items]
Commodity derivative liabilities	$ 41	$ 34

Derivative and Financial Inst50

Derivative and Financial Instruments - Commodity GainLoss (Details 1) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Sales and other operating revenues [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) from commodity derivatives	$ 51	$ (3)
Other Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) from commodity derivatives	1	1
Purchased commodities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) from commodity derivatives	$ (38)	$ (1)

Derivative and Financial Inst51

Derivative and Financial Instruments - Commodity Notional (Details 2) - ft3 / D ft3 / D in Billions	Mar. 31, 2017	Dec. 31, 2016
Natural gas and power, Fixed price [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Commodity derivatives - volumetric material net exposures	(30)	(31)
Natural gas and power, Basis [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Commodity derivatives - volumetric material net exposures	31	2

Derivative and Financial Inst52

Derivative and Financial Instruments - FX Balance Sheet (Details 3) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign currency exchange derivative assets	$ 0	$ 1
Other Accruals [Member]
Derivatives, Fair Value [Line Items]
Foreign currency exchange derivative liabilities	$ 2	$ 168

Derivative and Financial Inst53

Derivative and Financial Instruments - FX GainLoss (Details 4) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Foreign currency transaction gains (losses) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency transaction (gains) losses	$ 7	$ 97

Derivative and Financial Inst54

Derivative and Financial Instruments - FX Notional (Details 5) £ in Millions, $ in Millions		Mar. 31, 2017GBP (£)	Mar. 31, 2017USD ($)	Dec. 31, 2016GBP (£)	Dec. 31, 2016USD ($)
Sell US Dollar Buy Other Currencies [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Net notional position of foreign currency exchange derivatives | $	[1]		$ 212		$ 13
Buy U.S. dollar, sell other currencies [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Net notional position of foreign currency exchange derivatives | $	[2]		$ 0		$ 25
Buy British pound, sell other currencies [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Net notional position of foreign currency exchange derivatives | £	[3]	£ 12		£ 1,069
Sell British pound, buy Norwegian krone [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Net notional position of foreign currency exchange derivatives | £		£ 0		£ 51
[1]	*Primarily Canadian dollar and Norwegian krone.
[2]	**Primarily British pound.
[3]	***Primarily Euro and Canadian dollar.

Derivative and Financial Inst55

Derivative and Financial Instruments - Financial Instruments (Details 6) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Cash and cash equivalents Total	$ 3,109	$ 3,610	$ 4,866	$ 2,368
Short-term Investment [Member]
Schedule of Held-to-maturity Securities [Line Items]
Cash and cash equivalents Total	252	50
Remaining maturities from 1 to 90 days [Member]
Schedule of Held-to-maturity Securities [Line Items]
Time Deposits	190	39
Remaining maturities from 91 to 180 days [Member]
Schedule of Held-to-maturity Securities [Line Items]
Time Deposits	62	11
Cash and Cash Equivalents [Member]
Schedule of Held-to-maturity Securities [Line Items]
Cash	842	623
Cash and cash equivalents Total	3,109	3,610
Cash and Cash Equivalents [Member] | Remaining maturities from 1 to 90 days [Member]
Schedule of Held-to-maturity Securities [Line Items]
Time Deposits	$ 2,267	$ 2,987

Derivative and Financial Inst56

Derivative and Financial Instruments (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate fair value of all derivative instruments in a liability position	$ 35	$ 42
Collateral was posted for derivative instruments in a liability position	0	$ 0
In event of downgrade below investment grade [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Additional collateral, either in the form of cash or letters of credit	$ 35
Financial instruments [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Terms of financial instruments and trade receivables	90 days
Trade receivables [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Terms of financial instruments and trade receivables	30 days

Fair Value Measurement - FV Hie

Fair Value Measurement - FV Hierarchy (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivative asset, gross	$ 251	$ 312
Total assets	251	312
Commodity derivative liability, gross	237	334
Total liabilities	237	334
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivative asset, gross	135	194
Total assets	135	194
Commodity derivative liability, gross	152	207
Total liabilities	152	207
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivative asset, gross	95	96
Total assets	95	96
Commodity derivative liability, gross	70	105
Total liabilities	70	105
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivative asset, gross	21	22
Total assets	21	22
Commodity derivative liability, gross	15	22
Total liabilities	$ 15	$ 22

Fair Value Measurement - FV of

Fair Value Measurement - FV of Commodity Derivatives (Details 1) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Offsetting Derivative Assets[Abstract]
Assets - gross amounts recognized	$ 251	$ 312
Assets - gross amounts offset	157	221
Assets - net amounts presented	94	91
Assets - cash collateral	0	0
Assets - amounts without right of setoff	4	5
Assets - net amounts	90	86
Offsetting Derivative Liabilities [Abstract]
Liabilities - gross amounts recognized	237	334
Liabilities - gross amounts offset	157	221
Liabilities - net amounts presented	80	113
Liabilities - cash collateral	16	12
Liabilities - amounts without right of setoff	5	12
Liabilities - net amounts	$ 59	$ 89

Fair Value Measurement - FV o59

Fair Value Measurement - FV of Fin. Instruments (Details 2) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Financial Assets [Abstract]
Commodity derivatives, assets	$ 94	$ 91
Financial Liabilities [Abstract]
Commodity derivatives, liabilities	80	113
Carrying Amount [Member]
Financial Assets [Abstract]
Commodity derivatives, assets	94	91
Total loans and advances - related parties	641	701
Financial Liabilities [Abstract]
Total debt, excluding capital leases, carrying amount	25,616	26,423
Commodity derivatives, liabilities	64	101
Fair Value [Member]
Financial Assets [Abstract]
Commodity derivatives, assets	94	91
Total loans and advances - related parties	641	701
Financial Liabilities [Abstract]
Total debt, excluding capital leases, fair value	28,734	29,307
Commodity derivatives, liabilities	$ 64	$ 101

Accumulated Other Comprehensi60

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accumulated other comprehensive income in the equity section of the balance sheet included
Defined Benefit Plans, Beginning Balance	$ (547)
Defined Benefit Plans	48	$ (82)
Defined Benefit Plans, Ending Balance	(499)
Foreign Currency Translation, Beginning Balance	(5,646)
Foreign Currency Translation	184	1,183
Foreign Currency Translation, Ending Balance	(5,462)
Accumulated Other Comprehensive Income, Beginning Balance	(6,193)
Other Comprehensive Income (Loss), Net of Tax	232	$ 1,101
Accumulated Other Comprehensive Income, Ending Balance	$ (5,961)

Accumulated Other Comprehensi61

Accumulated Other Comprehensive Income (Loss) (Details 1) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Reclassification out of Accumulated Other Comprehensive Income [Abstract]
Defined Benefit Plans	[1]	$ 53	$ 63
Tax expense of defined benefit plans		$ 28	$ 36
[1]	The above amounts are included in the computation of net periodic benefit cost and are presented net of tax expense of $28 million and$36 million for the three-month periods ended March 31, 2017 and 2016, respectively. See Note 16—Employee Benefit Plans, for additional

Cash Flow Information (Details)

Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 29, 2017	Mar. 31, 2016
Cash payments (receipts)
Interest	$ 327		$ 244
Income taxes	150		133
Net Purchases of Short-Term Investments
Short-term investments purchased	(243)		(302)
Short-term investments sold	40		0
Net sale (purchases) of short-term investments	(203)		(302)
Long Lived Assets Held For Sale [Line Items]
Payments for (Proceeds from) Other Investing Activities	(129)		$ (4)
Foster Creek Christina Lake (FCCL) and western Canada gas properties [Member]
Long Lived Assets Held For Sale [Line Items]
Payments for (Proceeds from) Other Investing Activities		$ 130
Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Payments for Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 180

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
U.S. (Pension Benefits) [Member]
Components of Net Periodic Benefit Cost
Service cost	$ 23	$ 27
Interest cost	32	40
Expected return on plan assets	(34)	(43)
Amortization of prior service cost (credit)	1	1
Recognized net actuarial (gain) loss	19	19
Settlements	60	82
Net periodic benefit cost	101	126
Int'l (Pension Benefits) [Member]
Components of Net Periodic Benefit Cost
Service cost	19	20
Interest cost	26	31
Expected return on plan assets	(39)	(41)
Amortization of prior service cost (credit)	(1)	(1)
Recognized net actuarial (gain) loss	12	7
Settlements	0	0
Net periodic benefit cost	17	16
Other Benefits [Member]
Components of Net Periodic Benefit Cost
Service cost	0	1
Interest cost	2	3
Expected return on plan assets	0	0
Amortization of prior service cost (credit)	(9)	(9)
Recognized net actuarial (gain) loss	(1)	0
Settlements	0	0
Net periodic benefit cost	$ (8)	$ (5)

Employee Benefit Plans (Detai64

Employee Benefit Plans (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
U.S. (Pension Benefits) [Member]
Employee Benefit Plans (Textual) [Abstract]
Company contributions	$ 19
Expected company contributions	340
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	(60)	$ (82)
Int'l (Pension Benefits) [Member]
Employee Benefit Plans (Textual) [Abstract]
Company contributions	41
Expected company contributions	120
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	0	0
Other Postretirement Benefit Plans, Defined Benefit [Member]
Employee Benefit Plans (Textual) [Abstract]
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	$ 0	$ 0

Employee Benefit Plans (Severan

Employee Benefit Plans (Severances) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 29, 2017
Supplemental Unemployment Benefits [Line Items]
Foreign currency translation adjustments	$ 184	$ 1,183
Foster Creek Christina Lake (FCCL) and western Canada gas properties [Member]
Supplemental Unemployment Benefits [Line Items]
Severance Accrual, Ending Balance	39
Foster Creek Christina Lake (FCCL) [Member]
Supplemental Unemployment Benefits [Line Items]
Investment Owned Percent Of Net Assets			50.00%
Employee Severance
Supplemental Unemployment Benefits [Line Items]
Severance Accrual, Beginning Balance	80
Severance accrual current period change	39
Payments For Postemployment Benefits	(45)
Foreign currency translation adjustments	(1)
Severance Accrual, Ending Balance	73
Short term portion of severance accrual	$ 48

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Significant transactions with related parties
Operating revenues and other income		$ 29	$ 27
Purchases		23	24
Operating expenses and selling, general and administrative expenses		12	16
Net interest (income) expense	[1]	$ (3)	$ (3)
[1]	*We paid interest to, or received interest from various affiliates. See Note 5—Investments, Loans and Long-Term Receivables, for additionalinformation on loans to affiliated companies.

Segment Disclosures and Relat67

Segment Disclosures and Related Information - Sales (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Sales and other operating revenues	$ 7,518	$ 5,121
Alaska [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	1,007	778
Lower 48 Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	3,230	2,145
Intersegment Eliminations before Lower 48 [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	(3)	(7)
Lower 48 [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	3,227	2,138
Canada before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	870	425
Intersegment Eliminations before Canada [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	(86)	(35)
Canada [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	784	390
Europe and North Africa before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	1,443	923
Asia Pacific and Midle East Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	1,022	837
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	$ 35	$ 55

Segment Disclosures and Relat68

Segment Disclosures and Related Information - Net Income (Details 1) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	$ 586	$ (1,469)
Alaska [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	(11)	(2)
Lower 48 [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	(362)	(820)
Canada [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	948	(294)
Europe and North Africa [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	171	(51)
Asia Pacific and Middle East [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	236	(5)
Other International [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	(48)	(24)
Corporate and Other [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	$ (348)	$ (273)

Segment Disclosures and Relat69

Segment Disclosures and Related Information (Details Textual)	3 Months Ended
	Mar. 31, 2017
Segment Disclosures and Related Information (Textual) [Abstract]
Number of operating segments	6

Segment Disclosures and Relat70

Segment Disclosures and Related Information - Assets (Details 2) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Assets [Abstract]
Consolidated total assets	$ 87,973	$ 89,772
Alaska [Member]
Assets [Abstract]
Consolidated total assets	12,095	12,314
Lower 48 [Member]
Assets [Abstract]
Consolidated total assets	21,746	22,673
Canada [Member]
Assets [Abstract]
Consolidated total assets	17,707	17,548
Europe and North Africa [Member]
Assets [Abstract]
Consolidated total assets	11,562	11,727
Asia Pacific and Middle East [Member]
Assets [Abstract]
Consolidated total assets	20,058	20,451
Other International [Member]
Assets [Abstract]
Consolidated total assets	99	97
Corporate and Other [Member]
Assets [Abstract]
Consolidated total assets	$ 4,706	$ 4,962

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 29, 2017
Income Taxes (Textual) [Abstract]
Effective tax rate	358.00%	35.00%
Current Income Tax Expense Benefit [Line Items]
Income Tax Expense (Benefit)	$ (831)	$ (768)
Foster Creek Christina Lake (FCCL) and western Canada gas properties [Member] | Oil and Gas Properties [Member] | Scenario, Plan [Member] | Disposal Group Held for sale Not Discontinued Operations [Member]
Current Income Tax Expense Benefit [Line Items]
Income Tax Expense (Benefit)	(800)
Deferred Tax Assets, Valuation Allowance	800
Foster Creek Christina Lake (FCCL) [Member]
Current Income Tax Expense Benefit [Line Items]
Percent interest			50.00%
CANADA | Foster Creek Christina Lake (FCCL) and western Canada gas properties [Member]
Current Income Tax Expense Benefit [Line Items]
Foreign Tax Benefit/Expense	$ 996

Supplementary Information - C72

Supplementary Information - Condensed Consolidating Financial Information - Inc Stmt (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Revenues and Other Income
Sales and other operating revenues		$ 7,518	$ 5,121
Equity in earnings (losses) of affiliates		200	(149)
Gain (loss) on dispositions		22	23
Other income		31	20
Intercompany revenues		0	0
Total Revenues and Other Income		7,771	5,015
Costs and Expenses
Purchased commodities		3,192	2,225
Production and operating expenses		1,298	1,354
Selling, general and administrative expenses		157	186
Exploration expenses		551	505
Depreciation, depletion and amortization		1,979	2,247
Impairments		175	136
Taxes other than income taxes		231	180
Accretion on discounted liabilities		95	109
Interest and debt expense		315	281
Foreign currency transaction (gains) losses		10	16
Total Costs and Expenses		8,003	7,239
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest		(232)	(2,224)
Income tax provision (benefit)		(831)	(768)
Net income (loss)		599	(1,456)
Less: net income attributable to noncontrolling interests		(13)	(13)
Net Income (Loss)		586	(1,469)
Comprehensive Income (Loss) Attributable to ConocoPhillips	[1]	818	(368)
Consolidating Adjustments [Member]
Revenues and Other Income
Sales and other operating revenues		0	0
Equity in earnings (losses) of affiliates		(1,790)	2,472
Gain (loss) on dispositions		0	0
Other income		0	0
Intercompany revenues		(924)	(680)
Total Revenues and Other Income		(2,714)	1,792
Costs and Expenses
Purchased commodities		(763)	(502)
Production and operating expenses		(1)	(3)
Selling, general and administrative expenses		(5)	(6)
Exploration expenses		0	0
Depreciation, depletion and amortization		0	0
Impairments		0	0
Taxes other than income taxes		0	0
Accretion on discounted liabilities		0	0
Interest and debt expense		(155)	(169)
Foreign currency transaction (gains) losses		0	0
Total Costs and Expenses		(924)	(680)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest		(1,790)	2,472
Income tax provision (benefit)		0	0
Net income (loss)		(1,790)	2,472
Less: net income attributable to noncontrolling interests		0	0
Net Income (Loss)		(1,790)	2,472
Comprehensive Income (Loss) Attributable to ConocoPhillips		(2,238)	(72)
ConocoPhillips [Member]
Revenues and Other Income
Sales and other operating revenues		0	0
Equity in earnings (losses) of affiliates		657	(1,427)
Gain (loss) on dispositions		0	0
Other income		0	0
Intercompany revenues		17	18
Total Revenues and Other Income		674	(1,409)
Costs and Expenses
Purchased commodities		0	0
Production and operating expenses		0	0
Selling, general and administrative expenses		4	3
Exploration expenses		0	0
Depreciation, depletion and amortization		0	0
Impairments		0	0
Taxes other than income taxes		0	0
Accretion on discounted liabilities		0	0
Interest and debt expense		129	124
Foreign currency transaction (gains) losses		(7)	(44)
Total Costs and Expenses		126	83
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest		548	(1,492)
Income tax provision (benefit)		(38)	(23)
Net income (loss)		586	(1,469)
Less: net income attributable to noncontrolling interests		0	0
Net Income (Loss)		586	(1,469)
Comprehensive Income (Loss) Attributable to ConocoPhillips		818	(368)
ConocoPhillips Company [Member]
Revenues and Other Income
Sales and other operating revenues		3,115	2,072
Equity in earnings (losses) of affiliates		1,173	(750)
Gain (loss) on dispositions		13	22
Other income		2	(6)
Intercompany revenues		71	81
Total Revenues and Other Income		4,374	1,419
Costs and Expenses
Purchased commodities		2,765	1,848
Production and operating expenses		141	253
Selling, general and administrative expenses		136	154
Exploration expenses		372	431
Depreciation, depletion and amortization		251	257
Impairments		0	4
Taxes other than income taxes		49	57
Accretion on discounted liabilities		10	12
Interest and debt expense		165	134
Foreign currency transaction (gains) losses		0	2
Total Costs and Expenses		3,889	3,152
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest		485	(1,733)
Income tax provision (benefit)		(172)	(306)
Net income (loss)		657	(1,427)
Less: net income attributable to noncontrolling interests		0	0
Net Income (Loss)		657	(1,427)
Comprehensive Income (Loss) Attributable to ConocoPhillips		889	(326)
ConocoPhillips Canada Funding Company I [Member]
Revenues and Other Income
Sales and other operating revenues		0	0
Equity in earnings (losses) of affiliates		0	0
Gain (loss) on dispositions		0	0
Other income		0	0
Intercompany revenues		42	56
Total Revenues and Other Income		42	56
Costs and Expenses
Purchased commodities		0	0
Production and operating expenses		0	0
Selling, general and administrative expenses		0	0
Exploration expenses		0	0
Depreciation, depletion and amortization		0	0
Impairments		0	0
Taxes other than income taxes		0	0
Accretion on discounted liabilities		0	0
Interest and debt expense		37	55
Foreign currency transaction (gains) losses		49	312
Total Costs and Expenses		86	367
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest		(44)	(311)
Income tax provision (benefit)		(5)	(18)
Net income (loss)		(39)	(293)
Less: net income attributable to noncontrolling interests		0	0
Net Income (Loss)		(39)	(293)
Comprehensive Income (Loss) Attributable to ConocoPhillips		(13)	(47)
All Other Subsidiaries [Member]
Revenues and Other Income
Sales and other operating revenues		4,403	3,049
Equity in earnings (losses) of affiliates		160	(444)
Gain (loss) on dispositions		9	1
Other income		29	26
Intercompany revenues		794	525
Total Revenues and Other Income		5,395	3,157
Costs and Expenses
Purchased commodities		1,190	879
Production and operating expenses		1,158	1,104
Selling, general and administrative expenses		22	35
Exploration expenses		179	74
Depreciation, depletion and amortization		1,728	1,990
Impairments		175	132
Taxes other than income taxes		182	123
Accretion on discounted liabilities		85	97
Interest and debt expense		139	137
Foreign currency transaction (gains) losses		(32)	(254)
Total Costs and Expenses		4,826	4,317
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest		569	(1,160)
Income tax provision (benefit)		(616)	(421)
Net income (loss)		1,185	(739)
Less: net income attributable to noncontrolling interests		(13)	(13)
Net Income (Loss)		1,172	(752)
Comprehensive Income (Loss) Attributable to ConocoPhillips		$ 1,362	$ 445
[1]	See Notes to Consolidated Financial Statements.

Supplementary Information - C73

Supplementary Information - Condensed Consolidating Financial Information - Bal Sheet (Details 1) - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents		$ 3,109	$ 3,610	$ 4,866	$ 2,368
Short-term investments		252	50
Accounts and notes receivable		3,359	3,414
Inventories		1,097	1,018
Prepaid expenses and other current assets		2,911	517
Total Current Assets		10,728	8,609
Investments, loans and long-term receivables	[1]	21,675	21,672
Net properties, plants and equipment		54,440	58,331
Other assets		1,130	1,160
Total Assets		87,973	89,772
Liabilities and Stockholders' Equity
Accounts payable and related party accounts payable		3,531	3,653
Short-term debt		1,095	1,089
Accrued income and other taxes		756	484
Employee benefit obligations		465	689
Other accruals		1,679	994
Total Current Liabilities		7,526	6,909
Long-term debt		25,340	26,186
Asset retirement obligations and accrued environmental costs		7,884	8,425
Deferred income taxes		7,568	8,949
Employee benefit obligations		2,534	2,552
Other liabilities and deferred credits	[1]	1,520	1,525
Total Liabilities		52,372	54,546
Retained earnings		31,804	31,548
Other common stockholders' equity		3,549	3,426
Noncontrolling interests		248	252
Total Liabilities and Stockholders' Equity		87,973	89,772
Consolidating Adjustments [Member]
Assets
Cash and cash equivalents		0	0	0	0
Short-term investments		0	0
Accounts and notes receivable		(2,368)	(4,702)
Inventories		0	0
Prepaid expenses and other current assets		(25)	(24)
Total Current Assets		(2,393)	(4,726)
Investments, loans and long-term receivables		(113,313)	(114,602)
Net properties, plants and equipment		0	0
Other assets		(2,742)	(2,534)
Total Assets		(118,448)	(121,862)
Liabilities and Stockholders' Equity
Accounts payable and related party accounts payable		(2,368)	(4,702)
Short-term debt		0	0
Accrued income and other taxes		0	0
Employee benefit obligations		0	0
Other accruals		(25)	(24)
Total Current Liabilities		(2,393)	(4,726)
Long-term debt		0	0
Asset retirement obligations and accrued environmental costs		0	0
Deferred income taxes		(2,210)	(2,023)
Employee benefit obligations		0	0
Other liabilities and deferred credits	[1]	(25,183)	(27,863)
Total Liabilities		(29,786)	(34,612)
Retained earnings		(20,821)	(19,834)
Other common stockholders' equity		(67,841)	(67,416)
Noncontrolling interests		0	0
Total Liabilities and Stockholders' Equity		(118,448)	(121,862)
ConocoPhillips [Member]
Assets
Cash and cash equivalents		0	0	0	0
Accounts and notes receivable		12	22
Prepaid expenses and other current assets		1	2
Total Current Assets		13	24
Investments, loans and long-term receivables	[1]	38,761	37,901
Net properties, plants and equipment			0
Other assets		40	40
Total Assets		38,814	37,965
Liabilities and Stockholders' Equity
Accounts payable and related party accounts payable			0
Short-term debt		(9)	(10)
Accrued income and other taxes			0
Employee benefit obligations			0
Other accruals		101	171
Total Current Liabilities		92	161
Long-term debt		8,173	8,975
Other liabilities and deferred credits	[1]	1,758	417
Total Liabilities		10,023	9,553
Retained earnings		25,280	25,025
Other common stockholders' equity		3,511	3,387
Total Liabilities and Stockholders' Equity		38,814	37,965
ConocoPhillips Company [Member]
Assets
Cash and cash equivalents		313	358	947	4
Accounts and notes receivable		1,814	1,968
Inventories		142	84
Prepaid expenses and other current assets		155	116
Total Current Assets		2,424	2,526
Investments, loans and long-term receivables	[1]	62,802	64,434
Net properties, plants and equipment		5,818	6,301
Other assets		2,345	2,194
Total Assets		73,389	75,455
Liabilities and Stockholders' Equity
Accounts payable and related party accounts payable		2,356	4,683
Short-term debt		999	999
Accrued income and other taxes		61	85
Employee benefit obligations		336	489
Other accruals		259	271
Total Current Liabilities		4,011	6,527
Long-term debt		12,635	12,635
Asset retirement obligations and accrued environmental costs		944	925
Deferred income taxes		0	0
Employee benefit obligations		1,906	1,901
Other liabilities and deferred credits	[1]	9,927	10,391
Total Liabilities		29,423	32,379
Retained earnings		14,672	14,015
Other common stockholders' equity		29,294	29,061
Noncontrolling interests			0
Total Liabilities and Stockholders' Equity		73,389	75,455
ConocoPhillips Canada Funding Company I [Member]
Assets
Cash and cash equivalents		58	13	16	15
Accounts and notes receivable		25	23
Prepaid expenses and other current assets		7	8
Total Current Assets		90	44
Investments, loans and long-term receivables	[1]	2,280	2,296
Other assets		216	220
Total Assets		2,586	2,560
Liabilities and Stockholders' Equity
Accounts payable and related party accounts payable		2	1
Short-term debt		6	6
Other accruals		49	40
Total Current Liabilities		57	47
Long-term debt		1,708	1,710
Other liabilities and deferred credits	[1]	778	748
Total Liabilities		2,543	2,505
Retained earnings		(580)	(541)
Other common stockholders' equity		623	596
Total Liabilities and Stockholders' Equity		2,586	2,560
All Other Subsidiaries [Member]
Assets
Cash and cash equivalents		2,738	3,239	$ 3,903	$ 2,349
Short-term investments		252	50
Accounts and notes receivable		3,876	6,103
Inventories		955	934
Prepaid expenses and other current assets		2,773	415
Total Current Assets		10,594	10,741
Investments, loans and long-term receivables	[1]	31,145	31,643
Net properties, plants and equipment		48,622	52,030
Other assets		1,271	1,240
Total Assets		91,632	95,654
Liabilities and Stockholders' Equity
Accounts payable and related party accounts payable		3,541	3,671
Short-term debt		99	94
Accrued income and other taxes		695	399
Employee benefit obligations		129	200
Other accruals		1,295	536
Total Current Liabilities		5,759	4,900
Long-term debt		2,824	2,866
Asset retirement obligations and accrued environmental costs		6,940	7,500
Deferred income taxes		9,778	10,972
Employee benefit obligations		628	651
Other liabilities and deferred credits	[1]	14,240	17,832
Total Liabilities		40,169	44,721
Retained earnings		13,253	12,883
Other common stockholders' equity		37,962	37,798
Noncontrolling interests		248	252
Total Liabilities and Stockholders' Equity		$ 91,632	$ 95,654
[1]	*Includes intercompany loans.

Supplementary Information - C74

Supplementary Information - Condensed Consolidating Financial Information - Cash Flow (Details 2) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows From Operating Activities
Net cash provided by (used in) operating activities	$ 1,790	$ 421
Cash Flows From Investing Activities
Capital expenditures and investments	(966)	(1,821)
Working capital changes associated with investing activities	(26)	(134)
Proceeds from asset dispositions	35	135
Net sales (purchases) of short-term investments	(203)	(302)
Long-term advances/loans-related parties	0	0
Collection of advances/loans-related parties	57	53
Intercompany cash management	0	0
Other	129	4
Net cash used in continuing investing activities	(974)	(2,065)
Cash Flows From Financing Activities
Issuance of debt	0	4,594
Repayment of debt	(839)	(64)
Issuance of company common stock	(46)	(42)
Repurchase of company common stock	(112)	0
Dividends paid	(331)	(313)
Other	(16)	(38)
Net cash provided by (used in) continuing financing activities	(1,344)	4,137
Effect of Exchange Rate Changes on Cash and Cash Equivalents	27	5
Net Change in Cash and Cash Equivalents	(501)	2,498
Cash and cash equivalents at beginning of period	3,610	2,368
Cash and Cash Equivalents at End of Period	3,109	4,866
Consolidating Adjustments [Member]
Cash Flows From Operating Activities
Net cash provided by (used in) operating activities	(753)	(154)
Cash Flows From Investing Activities
Capital expenditures and investments	2	199
Working capital changes associated with investing activities	0	0
Proceeds from asset dispositions	(29)	(2,300)
Net sales (purchases) of short-term investments	0	0
Long-term advances/loans-related parties	30	51
Collection of advances/loans-related parties	(2,144)	(2,145)
Intercompany cash management	0	0
Other	0	0
Net cash used in continuing investing activities	(2,141)	(4,195)
Cash Flows From Financing Activities
Issuance of debt	(30)	(51)
Repayment of debt	2,144	2,145
Issuance of company common stock	(49)	(49)
Repurchase of company common stock	0
Dividends paid	802	203
Other	27	2,101
Net cash provided by (used in) continuing financing activities	2,894	4,349
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0	0
Net Change in Cash and Cash Equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and Cash Equivalents at End of Period	0	0
ConocoPhillips [Member]
Cash Flows From Operating Activities
Net cash provided by (used in) operating activities	(97)	(153)
Cash Flows From Investing Activities
Capital expenditures and investments	0	0
Working capital changes associated with investing activities	0	0
Proceeds from asset dispositions	0	2,300
Net sales (purchases) of short-term investments	0	0
Long-term advances/loans-related parties	0	0
Collection of advances/loans-related parties	0	0
Intercompany cash management	1,341	(3,438)
Other	0	0
Net cash used in continuing investing activities	1,341	(1,138)
Cash Flows From Financing Activities
Issuance of debt	0	1,600
Repayment of debt	(805)	0
Issuance of company common stock	3	7
Repurchase of company common stock	(112)
Dividends paid	(331)	(313)
Other	1	(3)
Net cash provided by (used in) continuing financing activities	(1,244)	1,291
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0	0
Net Change in Cash and Cash Equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and Cash Equivalents at End of Period	0	0
ConocoPhillips Company [Member]
Cash Flows From Operating Activities
Net cash provided by (used in) operating activities	1,014	(284)
Cash Flows From Investing Activities
Capital expenditures and investments	(149)	(504)
Working capital changes associated with investing activities	55	(21)
Proceeds from asset dispositions	46	60
Net sales (purchases) of short-term investments	0	0
Long-term advances/loans-related parties	(30)	(51)
Collection of advances/loans-related parties	63	0
Intercompany cash management	1,037	3,206
Other	0	8
Net cash used in continuing investing activities	1,022	2,698
Cash Flows From Financing Activities
Issuance of debt	0	2,994
Repayment of debt	(2,081)	(2,145)
Issuance of company common stock	0	0
Repurchase of company common stock	0
Dividends paid	0	0
Other	0	(2,320)
Net cash provided by (used in) continuing financing activities	(2,081)	(1,471)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0	0
Net Change in Cash and Cash Equivalents	(45)	943
Cash and cash equivalents at beginning of period	358	4
Cash and Cash Equivalents at End of Period	313	947
ConocoPhillips Canada Funding Company I [Member]
Cash Flows From Operating Activities
Net cash provided by (used in) operating activities	45	1
Cash Flows From Investing Activities
Capital expenditures and investments	0	0
Working capital changes associated with investing activities	0	0
Proceeds from asset dispositions	0	0
Net sales (purchases) of short-term investments	0	0
Long-term advances/loans-related parties	0	0
Collection of advances/loans-related parties	0	0
Intercompany cash management	0	0
Other	0	0
Net cash used in continuing investing activities	0	0
Cash Flows From Financing Activities
Issuance of debt	0
Repayment of debt	0	0
Issuance of company common stock	0	0
Repurchase of company common stock	0
Dividends paid	0	0
Other	0	0
Net cash provided by (used in) continuing financing activities	0	0
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0	0
Net Change in Cash and Cash Equivalents	45	1
Cash and cash equivalents at beginning of period	13	15
Cash and Cash Equivalents at End of Period	58	16
All Other Subsidiaries [Member]
Cash Flows From Operating Activities
Net cash provided by (used in) operating activities	1,581	1,011
Cash Flows From Investing Activities
Capital expenditures and investments	(819)	(1,516)
Working capital changes associated with investing activities	(81)	(113)
Proceeds from asset dispositions	18	75
Net sales (purchases) of short-term investments	(203)	(302)
Long-term advances/loans-related parties	0	0
Collection of advances/loans-related parties	2,138	2,198
Intercompany cash management	(2,378)	232
Other	129	(4)
Net cash used in continuing investing activities	(1,196)	570
Cash Flows From Financing Activities
Issuance of debt	30	51
Repayment of debt	(97)	(64)
Issuance of company common stock	0	0
Repurchase of company common stock	0
Dividends paid	(802)	(203)
Other	(44)	184
Net cash provided by (used in) continuing financing activities	(913)	(32)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	27	5
Net Change in Cash and Cash Equivalents	(501)	1,554
Cash and cash equivalents at beginning of period	3,239	2,349
Cash and Cash Equivalents at End of Period	$ 2,738	$ 3,903