EXHIBIT 25.1
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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2) |__|
THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-5160382
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
One Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
ConocoPhillips
(Exact name of obligor as specified in its charter)
Delaware 01-0562944
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
Conoco Inc.
(Exact name of obligor as specified in its charter)
Delaware 51-0370352
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
Phillips Petroleum Company
(Exact name of obligor as specified in its charter)
Delaware 73-0400345
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
600 North Dairy Ashford
Houston, Texas 77079
(Address of principal executive offices) (Zip code)
3.625% Notes due 2007
4.75% Notes due 2012
5.90% Notes due 2032
(Title of the indenture securities)
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1. GENERAL INFORMATION. FURNISH THE FOLLOWING INFORMATION AS TO THE
TRUSTEE:
(A) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO
WHICH IT IS SUBJECT.
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Name Address
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Superintendent of Banks of the State of 2 Rector Street, New York,
New York N.Y. 10006, and Albany, N.Y. 12203
Federal Reserve Bank of New York 33 Liberty Plaza, New York,
N.Y. 10045
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association New York, New York 10005
(B) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
Yes.
2. AFFILIATIONS WITH OBLIGOR.
IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
AFFILIATION.
None.
16. LIST OF EXHIBITS.
EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION,
ARE INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO
RULE 7A-29 UNDER THE TRUST INDENTURE ACT OF 1939 (THE "ACT") AND 17
C.F.R. 229.10(D).
1. A copy of the Organization Certificate of The Bank of New York
(formerly Irving Trust Company) as now in effect, which
contains the authority to commence business and a grant of
powers to exercise corporate trust powers. (Exhibit 1 to
Amendment No. 1 to Form T-1 filed with Registration Statement
No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No. 33-21672 and Exhibit 1 to Form T-1
filed with Registration Statement No. 33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to
Form T-1 filed with Registration Statement No. 33-31019.)
6. The consent of the Trustee required by Section 321(b) of the
Act. (Exhibit 6 to Form T-1 filed with Registration Statement
No. 33-44051.)
7. A copy of the latest report of condition of the Trustee
published pursuant to law or to the requirements of its
supervising or examining authority.
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New
York, a corporation organized and existing under the laws of the State of New
York, has duly caused this statement of eligibility to be signed on its behalf
by the undersigned, thereunto duly authorized, all in The City of New York, and
State of New York, on the 30th day of October, 2002.
THE BANK OF NEW YORK
By: /S/ MING SHIANG
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Name: MING SHIANG
Title: VICE PRESIDENT
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EXHIBIT 7
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Consolidated Report of Condition of
THE BANK OF NEW YORK
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business June 30, 2002,
published in accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.
Dollar Amounts
In Thousands
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin . $ 2,850,111
Interest-bearing balances .......................... 6,917,898
Securities:
Held-to-maturity securities ........................ 1,201,319
Available-for-sale securities ...................... 13,227,788
Federal funds sold in domestic offices ................ 1,748,562
Securities purchased under agreements to
resell ............................................. 808,241
Loans and lease financing receivables:
Loans and leases held for sale ..................... 974,505
Loans and leases, net of unearned
income...............36,544,957
LESS: Allowance for loan and
lease losses............578,710
Loans and leases, net of unearned
income and allowance ............................. 35,966,247
Trading Assets ........................................ 6,292,280
Premises and fixed assets (including capitalized
leases) ............................................ 860,071
Other real estate owned ............................... 660
Investments in unconsolidated subsidiaries and
associated companies ............................... 272,214
Customers' liability to this bank on acceptances
outstanding ........................................ 467,259
Intangible assets
Goodwill ........................................... 1,804,922
Other intangible assets ............................ 70,679
Other assets .......................................... 4,639,158
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Total assets .......................................... $ 78,101,914
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LIABILITIES
Deposits:
In domestic offices ................................ $ 29,456,619
Noninterest-bearing .................... 11,393,028
Interest-bearing ....................... 18,063,591
In foreign offices, Edge and Agreement
subsidiaries, and IBFs ........................... 26,667,608
Noninterest-bearing .................... 297,347
Interest-bearing ....................... 26,370,261
Federal funds purchased in domestic
offices ............................................. 1,422,522
Securities sold under agreements to repurchase ........ 466,965
Trading liabilities ................................... 2,946,403
Other borrowed money:
(includes mortgage indebtedness and obligations
under capitalized leases) .......................... 1,844,526
Bank's liability on acceptances executed and
outstanding ........................................ 469,319
Subordinated notes and debentures ..................... 1,840,000
Other liabilities ..................................... 5,998,479
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Total liabilities ..................................... $ 71,112,441
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Minority interest in consolidated
subsidiaries ....................................... 500,154
EQUITY CAPITAL
Perpetual preferred stock and related
surplus ............................................ 0
Common stock .......................................... 1,135,284
Surplus ............................................... 1,055,509
Retained earnings ..................................... 4,244,963
Accumulated other comprehensive income ................ (53,563)
Other equity capital components ....................... 0
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Total equity capital .................................. 6,489,319
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Total liabilities minority interest and equity capital $ 78,101,914
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I, Thomas J. Mastro, Senior Vice President and Comptroller of the
above-named bank do hereby declare that this Report of Condition is true and
correct to the best of my knowledge and belief.
Thomas J. Mastro,
Senior Vice President and Comptroller
We, the undersigned directors, attest to the correctness of this
statement of resources and liabilities. We declare that it has been examined by
us, and to the best of our knowledge and belief has been prepared in conformance
with the instructions and is true and correct.
Thomas A. Renyi }
Gerald L. Hassell } Directors
Alan R. Griffith }
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