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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):   October 31, 2024
ConocoPhillips
(Exact name of registrant as specified in its charter)
Delaware001-3239501-0562944
(State or other jurisdiction of
incorporation)		(Commission
File Number)		(I.R.S. Employer
Identification No.)
925 N. Eldridge Parkway
Houston, Texas 77079
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code:  (281) 293-1000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $.01 Par ValueCOPNew York Stock Exchange
7% Debentures due 2029CUSIP-718507BK1New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02 Results of Operations and Financial Condition.
On October 31, 2024, ConocoPhillips issued a press release announcing the company's financial and operating results for the quarter ended September 30, 2024. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference. Additional financial and operating information about the quarter is furnished as Exhibit 99.2 hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.Description
—
—
104—Cover Page Interactive Data File (formatted as Inline XBRL and filed herewith).
2

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CONOCOPHILLIPS
/s/ Christopher P. Delk
Christopher P. Delk
Vice President, Controller and General Tax Counsel
October 31, 2024
3

Exhibit 99.1
ConocoPhillips announces third-quarter 2024 results, increases quarterly ordinary dividend and existing share repurchase authorization
•Reported third-quarter 2024 earnings per share of $1.76 and adjusted earnings per share of $1.78.
•Generated cash provided by operating activities of $5.8 billion and cash from operations (CFO) of $4.7 billion.
•Raised ordinary dividend by 34% to $0.78 per share and increased existing share repurchase authorization by up to $20 billion.
HOUSTON—Oct. 31, 2024—ConocoPhillips (NYSE: COP) today reported third-quarter 2024 earnings of $2.1 billion, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8 billion, or $2.32 per share. Excluding special items, third-quarter 2024 adjusted earnings were $2.1 billion, or $1.78 per share, compared with third-quarter 2023 adjusted earnings of $2.6 billion, or $2.16 per share.
“ConocoPhillips continues to demonstrate strong operational performance, surpassing the high end of our production guidance during the quarter, while executing on our returns-focused value proposition. We are also raising our ordinary dividend, increasing our share repurchase authorization and are on track to distribute at least $9 billion to shareholders for 2024,” said Ryan Lance, chairman and chief executive officer. “We still anticipate closing the planned acquisition of Marathon Oil this quarter and expect to significantly exceed our initial $500 million synergy guidance.”
Third-quarter highlights and recent announcements
•Delivered total company production of 1,917 thousand barrels of oil equivalent per day (MBOED).
•Achieved record Lower 48 production of 1,147 MBOED, including 781 MBOED from the Permian, 246 MBOED from the Eagle Ford and 107 MBOED from the Bakken.
•Successfully completed planned turnarounds, primarily in Canada and the Lower 48.
•Exercised preferential rights and signed an agreement to acquire additional working interests in the Kuparuk River and Prudhoe Bay units in Alaska for approximately $300 million, with expected close by year-end, subject to customary closing conditions.
•Distributed $2.1 billion to shareholders, including $1.2 billion through share repurchases and $0.9 billion through the ordinary dividend and variable return of cash (VROC).
•Ended the quarter with cash and short-term investments of $7.1 billion and long-term investments of $1.0 billion.
Quarterly dividend and share repurchase authorization increase
ConocoPhillips declared a fourth-quarter ordinary dividend of $0.78 per share payable Dec. 2, 2024, to stockholders of record at the close of business on Nov. 11, 2024.

The Board of Directors approved an increase to the company’s existing share repurchase authorization by up to $20 billion.
Third-quarter review

ConocoPhillips announces third-quarter 2024 results, increases quarterly ordinary dividend and existing share repurchase authorization
Production for the third quarter of 2024 was 1,917 MBOED, an increase of 111 MBOED from the same period a year ago. After adjusting for closed acquisitions and dispositions, third-quarter 2024 production increased 47 MBOED or 3% from the same period a year ago.
Earnings and adjusted earnings decreased from the third quarter of 2023 primarily due to the impact from lower prices. The company’s total average realized price was $54.18 per BOE, 10% lower than the $60.05 per BOE realized in the third quarter of 2023.

For the quarter, cash provided by operating activities was $5.8 billion. Excluding a $1.0 billion change in working capital, ConocoPhillips generated CFO of over $4.7 billion. The company funded $2.9 billion of capital expenditures and investments, repurchased $1.2 billion of shares and paid $0.9 billion in ordinary dividends and VROC.
Nine-month review
ConocoPhillips’ nine-month 2024 earnings were $6.9 billion, or $5.91 per share, compared with nine-month 2023 earnings of $8.0 billion, or $6.54 per share. Nine-month 2024 adjusted earnings were $6.8 billion, or $5.80 per share, compared with nine-month 2023 adjusted earnings of $7.8 billion, or $6.38 per share.
Production for the first nine months of 2024 was 1,921 MBOED, an increase of 120 MBOED from the same period a year ago. After adjusting for closed acquisitions and dispositions, production increased 55 MBOED or 3% from the same period a year ago.
The company’s total realized price during this period was $55.77 per BOE, 5% lower than the $58.45 per BOE realized in the first nine months of 2023.
In the first nine months of 2024, cash provided by operating activities was $15.7 billion. Excluding a $0.8 billion change in working capital, ConocoPhillips generated CFO of $14.9 billion and received disposition proceeds of $0.2 billion. The company funded $8.8 billion of capital expenditures and investments, repurchased $3.5 billion of shares, paid $2.7 billion in ordinary dividends and VROC and retired debt of $0.5 billion at maturity.
Outlook
Fourth-quarter 2024 production is expected to be 1.99 to 2.03 million barrels of oil equivalent per day (MMBOED). Full-year production is expected to be approximately 1.94 to 1.95 MMBOED, as compared to prior guidance of 1.93 to 1.94 MMBOED.
All other guidance remains unchanged. Guidance excludes any impact from previously announced transactions.
ConocoPhillips will host a conference call today at 12:00 p.m. Eastern time to discuss this announcement. To listen to the call and view related presentation materials and supplemental information, go to www.conocophillips.com/investor. A recording and transcript of the call will be posted afterward.
--- # # # ---
About ConocoPhillips
ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 13 countries, $97 billion of total assets, and approximately 10,300 employees at Sept. 30, 2024. Production averaged 1,921 MBOED for the nine months ended Sept. 30, 2024, and proved reserves were 6.8 BBOE as of Dec. 31, 2023.

ConocoPhillips announces third-quarter 2024 results, increases quarterly ordinary dividend and existing share repurchase authorization
For more information, go to www.conocophillips.com.
Contacts
Dennis Nuss (media)
281-293-1149
dennis.nuss@conocophillips.com
Investor Relations
281-293-5000
investor.relations@conocophillips.com
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “ambition,” “anticipate,” “believe,” “budget,” “continue,” “could,” “effort,” “estimate,” “expect,” “forecast,” “goal,” “guidance,” “intend,” “may,” “objective,” “outlook,” “plan,” “potential,” “predict,” “projection,” “seek,” “should,” “target,” “will,” “would,” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from any ongoing military conflict, including the conflicts in Ukraine and the Middle East, and the global response to such conflict, security threats on facilities and infrastructure, or from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases, inflationary pressures or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; public health crises, including pandemics (such as COVID-19) and epidemics and any impacts or related company or government policies or actions; investment in and development of competing or alternative energy sources; potential failures or delays in delivering on our current or future low-carbon strategy, including our inability to develop new technologies; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships or governmental policies, including the imposition of price caps, or the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business, including any sanctions imposed as a result of any ongoing military conflict, including the conflicts in Ukraine and the Middle East; our ability to collect payments when due, including our ability to collect payments from the government of Venezuela or PDVSA; our ability to complete the proposed acquisition of Marathon Oil Corporation (Marathon Oil) or any other announced or any other future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals, consents or authorizations for the Marathon Oil acquisition or any other announced or any other future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may be subject to conditions neither we nor Marathon Oil anticipated or may require modification to the terms of the transactions or our remaining business; business disruptions relating to the Marathon Oil acquisition or following any other announced or other future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; the receipt of other requisite approvals for the Marathon Oil acquisition, the satisfaction of other closing conditions on a timely basis or at all or the failure of the Marathon Oil acquisition to close for any other reason or to close on anticipated terms; our ability to successfully integrate Marathon Oil’s business and technologies, which may result in the combined company not operating as effectively and efficiently as expected; our ability to achieve the expected benefits and synergies from the Marathon Oil acquisition in a timely manner, or at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or insurance or significantly higher cost of capital or insurance related to illiquidity or uncertainty in the domestic or international financial markets or investor sentiment; general domestic and international economic and political conditions or developments, including as a result of any ongoing military conflict, including the conflicts in Ukraine and the Middle East; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cybersecurity threats or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally

ConocoPhillips announces third-quarter 2024 results, increases quarterly ordinary dividend and existing share repurchase authorization
required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. We may use the term “resource” in this news release that the SEC’s guidelines prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other reports and filings with the SEC. Copies are available from the SEC and from the ConocoPhillips website.
Use of Non-GAAP Financial Information – To supplement the presentation of the company’s financial results prepared in accordance with U.S. generally accepted accounting principles (GAAP), this news release and the accompanying supplemental financial information contain certain financial measures that are not prepared in accordance with GAAP, including adjusted earnings (calculated on a consolidated and on a segment-level basis), adjusted earnings per share (EPS), and cash from operations (CFO).
The company believes that the non-GAAP measure adjusted earnings (both on an aggregate and a per-share basis) is useful to investors to help facilitate comparisons of the company’s operating performance associated with the company’s core business operations across periods on a consistent basis and with the performance and cost structures of peer companies by excluding items that do not directly relate to the company’s core business operations. Adjusted earnings is defined as earnings removing the impact of special items. Adjusted EPS is a measure of the company’s diluted net earnings per share excluding special items. The company further believes that the non-GAAP measure CFO is useful to investors to help understand changes in cash provided by operating activities excluding the timing effects associated with operating working capital changes across periods on a consistent basis and with the performance of peer companies. The company believes that the above-mentioned non-GAAP measures, when viewed in combination with the company’s results prepared in accordance with GAAP, provides a more complete understanding of the factors and trends affecting the company’s business and performance. The company’s Board of Directors and management also use these non-GAAP measures to analyze the company’s operating performance across periods when overseeing and managing the company’s business.
Each of the non-GAAP measures included in this news release and the accompanying supplemental financial information has limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of the company’s results calculated in accordance with GAAP. In addition, because not all companies use identical calculations, the company’s presentation of non-GAAP measures in this news release and the accompanying supplemental financial information may not be comparable to similarly titled measures disclosed by other companies, including companies in our industry. The company may also change the calculation of any of the non-GAAP measures included in this news release and the accompanying supplemental financial information from time to time in light of its then existing operations to include other adjustments that may impact its operations.
Reconciliations of each non-GAAP measure presented in this news release to the most directly comparable financial measure calculated in accordance with GAAP are included in the release.
Other Terms – This news release also contains the term pro forma underlying production. Pro forma underlying production reflects the impact of closed acquisitions and closed dispositions as of Sept. 30, 2024. The impact of closed acquisitions and dispositions assumes a closing date of January 1, 2023. The company believes that underlying production is useful to investors to compare production reflecting the impact of closed acquisitions and dispositions on a consistent go-forward basis across periods and with peer companies. Return of capital is defined as the total of the ordinary dividend, share repurchases and variable return of cash (VROC). References in the release to earnings refer to net income.

ConocoPhillips announces third-quarter 2024 results, increases quarterly ordinary dividend and existing share repurchase authorization

ConocoPhillips
Table 1: Reconciliation of earnings to adjusted earnings
$ millions, except as indicated
3Q243Q232024 YTD2023 YTD
Pre-taxIncome
tax		After-taxPer share of common stock (dollars)Pre-taxIncome
tax		After-taxPer share of common stock (dollars)Pre-taxIncome
tax		After-taxPer share of common stock (dollars)Pre-taxIncome
tax		After-taxPer share of common stock (dollars)
Earnings$2,059 1.76 2,798 2.32 6,939 5.91 7,950 6.54 
Adjustments:
(Gain) loss on asset sales¹— — — — (94)(6)(100)(0.08)(86)20 (66)(0.06)(94)(6)(100)(0.08)
Tax adjustments— — — — — (144)(144)(0.12)— (76)(76)(0.07)— (144)(144)(0.12)
Transaction and integration expenses28 (6)22 0.02 — — — — 28 (6)22 0.02 — — — — 
(Gain) loss on FX derivative— — — — 59 (12)47 0.04 — — — — 59 (12)47 0.04 
Adjusted earnings / (loss)$2,081 1.78 2,601 2.16 6,819 5.80 7,753 6.38 
¹Includes 3Q23 divestiture of Lower 48 equity method investment.
The income tax effects of the special items are primarily calculated based on the statutory rate of the jurisdiction in which the discrete item resides.

ConocoPhillips
Table 2: Reconciliation of net cash provided by operating activities to cash from operations
$ millions, except as indicated
3Q242024 YTD
Net Cash Provided by Operating Activities$5,763 15,667 
Adjustments:
Net operating working capital changes1,041 781 
Cash from operations$4,722 14,886 

ConocoPhillips
Table 3: Reconciliation of reported production to pro forma underlying production
In MBOED, except as indicated
3Q24
3Q23
2024 YTD
2023 YTD
Total reported ConocoPhillips production1,917 1,806 1,921 1,801 
Closed Dispositions1
— — — (1)
Closed Acquisitions2
— 64 — 66 
Total pro forma underlying production1,917 1,870 1,921 1,866 
1Includes production related to various Lower 48 dispositions.
2Includes production related to the acquisition of remaining 50% working interest in Surmont.

Exhibit 99.2
conocophillipslogo23a.jpg        
Third-Quarter 2024 Detailed Supplemental Information

20232024
1st Qtr2nd Qtr3rd Qtr4th QtrFull Year1st Qtr2nd Qtr3rd Qtr4th QtrYTD
$ Millions, Except as Indicated
CONSOLIDATED INCOME STATEMENT
Revenues and Other Income
  Sales and other operating revenues14,811 12,351 14,250 14,729 56,141 13,848 13,620 13,041 40,509 
  Equity in earnings of affiliates499 412 388 421 1,720 421 403 441 1,265 
  Gain (loss) on dispositions93 (1)108 28 228 93 (5)(2)86 
  Other income (loss)114 122 120 129 485 114 118 124 356 
    Total Revenues and Other Income15,517 12,884 14,866 15,307 58,574 14,476 14,136 13,604 42,216 
Costs and Expenses
  Purchased commodities6,138 4,616 5,543 5,678 21,975 5,334 4,858 4,747 14,939 
  Production and operating expenses1,779 1,886 1,995 2,033 7,693 2,015 2,164 2,261 6,440 
  Selling, general and administrative expenses159 205 169 172 705 178 164 186 528 
  Exploration expenses138 83 92 85 398 112 102 70 284 
  Depreciation, depletion and amortization1,942 2,010 2,095 2,223 8,270 2,211 2,334 2,390 6,935 
  Impairments1 — 11 2 14 — 34 — 34 
  Taxes other than income taxes576 512 536 450 2,074 555 536 476 1,567 
  Accretion on discounted liabilities68 68 68 79 283 80 80 80 240 
  Interest and debt expense188 179 194 219 780 205 198 189 592 
  Foreign currency transactions (gain) loss(44)(14)55 95 92 (18)9 (28)(37)
  Other expenses10 (23)8 7 2 (4)(2)(2)(8)
    Total Costs and Expenses10,955 9,522 10,766 11,043 42,286 10,668 10,477 10,369 31,514 
Income (loss) before income taxes4,562 3,362 4,100 4,264 16,288 3,808 3,659 3,235 10,702 
  Income tax provision (benefit)1,642 1,130 1,302 1,257 5,331 1,257 1,330 1,176 3,763 
Net Income (loss)2,920 2,232 2,798 3,007 10,957 2,551 2,329 2,059 6,939 
Net Income Per Share of Common Stock (dollars)
  Basic2.38 1.84 2.33 2.53 9.08 2.16 1.99 1.77 5.92 
  Diluted2.38 1.84 2.32 2.52 9.06 2.15 1.98 1.76 5.91 
Weighted-Average Common Shares Outstanding (in thousands)*
  Basic1,220,228 1,207,443 1,196,641 1,187,144 1,202,757 1,177,921 1,168,198 1,161,318 1,169,350 
  Diluted1,223,355 1,210,342 1,199,746 1,189,903 1,205,675 1,180,320 1,170,299 1,163,227 1,171,424 
*Ending Common Shares Outstanding is 1,150,912 as of September 30, 2024, compared with 1,161,250 as of June 30, 2024.
INCOME (LOSS) BEFORE INCOME TAXES
Alaska567 510 606 737 2,420 468 495 370 1,333 
Lower 482,378 1,581 2,257 2,008 8,224 1,766 1,626 1,588 4,980 
Canada8 43 125 252 428 236 347 35 618 
Europe, Middle East and North Africa1,244 982 893 1,135 4,254 1,081 917 976 2,974 
Asia Pacific582 451 509 462 2,004 517 539 528 1,584 
Other International1 (5)1 (10)(13)(1)3 1 3 
Corporate and Other(218)(200)(291)(320)(1,029)(259)(268)(263)(790)
Consolidated4,562 3,362 4,100 4,264 16,288 3,808 3,659 3,235 10,702 


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20232024
1st Qtr2nd Qtr3rd Qtr4th QtrFull Year1st Qtr2nd Qtr3rd Qtr4th QtrYTD
EFFECTIVE INCOME TAX RATES
Alaska*26.7 %27.0 %26.1 %26.4 %26.5 %26.1 %27.4 %27.6 %27.0 %
Lower 4822.1 %22.2 %21.1 %20.4 %21.4 %21.8 %22.6 %21.9 %22.1 %
Canada21.9 %26.6 %(48.6)%29.5 %6.1 %23.6 %24.6 %30.9 %24.6 %
Europe, Middle East and North Africa70.6 %73.1 %71.7 %73.0 %72.1 %71.9 %72.5 %69.5 %71.3 %
Asia Pacific10.3 %14.1 %8.9 %(27.3)%2.1 %0.9 %17.8 %13.7 %10.9 %
Other International— — 756.2 %18.8 %(0.2)%7.7 %— 3.4 %(2.7)%
Corporate and Other(11.3)%75.9 %(14.3)%38.3 %20.2 %33.8 %7.2 %13.4 %18.0 %
Consolidated36.0 %33.6 %31.8 %29.5 %32.7 %33.0 %36.3 %36.4 %35.2 %
*Alaska including taxes other than income taxes.42.3 %41.1 %40.8 %32.9 %39.0 %42.5 %42.5 %42.8 %42.6 %

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20232024
1st Qtr2nd Qtr3rd Qtr4th QtrFull Year1st Qtr2nd Qtr3rd Qtr4th QtrYTD
$ Millions
EARNINGS BY SEGMENT
Alaska416 372 448 542 1,778 346 360 267 973 
Lower 481,852 1,230 1,781 1,598 6,461 1,381 1,259 1,241 3,881 
Canada6 32 186 178 402 180 261 25 466 
Europe, Middle East and North Africa365 264 253 307 1,189 304 251 298 853 
Asia Pacific522 387 465 587 1,961 512 444 455 1,411 
Other International1 (4)(2)(8)(13)(1)3 1 3 
Corporate and Other(242)(49)(333)(197)(821)(171)(249)(228)(648)
Consolidated2,920 2,232 2,798 3,007 10,957 2,551 2,329 2,059 6,939 
SPECIAL ITEMS
Alaska— — — — — — — — — 
Lower 48— — 100 — 100 66 — — 66 
Canada— — 92 — 92 — — — — 
Europe, Middle East and North Africa— — — — — — — — — 
Asia Pacific— — 52 203 255 76 — — 76 
Other International— — — — — — — — — 
Corporate and Other— — (47)(58)(105)— — (22)(22)
Consolidated— — 197 145 342 142 — (22)120 
Detailed reconciliation of these items is provided on page 5.
ADJUSTED EARNINGS
Alaska416 372 448 542 1,778 346 360 267 973 
Lower 481,852 1,230 1,681 1,598 6,361 1,315 1,259 1,241 3,815 
Canada6 32 94 178 310 180 261 25 466 
Europe, Middle East and North Africa365 264 253 307 1,189 304 251 298 853 
Asia Pacific522 387 413 384 1,706 436 444 455 1,335 
Other International1 (4)(2)(8)(13)(1)3 1 3 
Corporate and Other(242)(49)(286)(139)(716)(171)(249)(206)(626)
Consolidated2,920 2,232 2,601 2,862 10,615 2,409 2,329 2,081 6,819 

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20232024
1st Qtr2nd Qtr3rd Qtr4th QtrFull Year1st Qtr2nd Qtr3rd Qtr4th QtrYTD
ADJUSTED EFFECTIVE INCOME TAX RATES
Alaska26.7 %27.0 %26.1 %26.4 %26.5 %26.1 %27.4 %27.6 %27.0 %
Lower 4822.1 %22.2 %22.3 %20.4 %21.8 %21.7 %22.6 %21.9 %22.1 %
Canada21.9 %26.6 %24.5 %29.5 %27.6 %23.6 %24.6 %30.9 %24.6 %
Europe, Middle East and North Africa70.6 %73.1 %71.7 %73.0 %72.1 %71.9 %72.5 %69.5 %71.3 %
Asia Pacific10.3 %14.1 %19.1 %16.7 %14.8 %15.6 %17.8 %13.7 %15.7 %
Other International— — 756.2 %18.8 %(0.2)%7.7 %— 3.4 %(2.7)%
Corporate and Other(11.3)%75.9 %(23.1)%43.5 %20.2 %33.8 %7.2 %12.3 %17.8 %
Consolidated36.0 %33.6 %36.0 %34.0 %35.0 %35.3 %36.3 %36.2 %35.9 %

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20232024
1st Qtr2nd Qtr3rd Qtr4th QtrFull Year1st Qtr2nd Qtr3rd Qtr4th QtrYTD
$ Millions
DETAILED SPECIAL ITEMS
Alaska
  Total— — — — — — — —  — 
Lower 48
Gain (loss) on asset sales— — 94 — 94 86 — — 86 
Income tax provision (benefit)— — (6)— (6)20 — — 20 
  Total— — 100 — 100 66 — — 66 
Canada
Income tax provision (benefit)¹— — (92)— (92)— — —  — 
  Total— — 92 — 92 — — —  — 
Europe, Middle East and North Africa
  Total— — — — — — — —  — 
Asia Pacific
Income tax provision (benefit)²— — (52)(203)(255)(76)— — (76)
  Total— — 52 203 255 76 — — 76 
Other International
  Total— — — — — — — —  — 
Corporate and Other
Transaction and integration expenses— — — — — — — (28) (28)
Gain (loss) on CAD FX derivative— — (59)(73)(132)— — —  — 
Income tax provision (benefit)— — (12)(15)(27)— — (6) (6)
  Total— — (47)(58)(105)— — (22) (22)
Total Company— — 197 145 342 142 — (22) 120 
¹Includes a tax adjustment in 3Q23 related to closure of an audit.
²Includes a tax adjustment in 3Q23 and 1Q24 related to Malaysia deepwater investment tax incentive and 4Q23 adjustment related to reversal of a tax reserve.

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20232024
1st Qtr2nd Qtr3rd Qtr4th QtrFull Year1st Qtr2nd Qtr3rd Qtr4th QtrYTD
$ Millions
CONSOLIDATED BALANCE SHEET
Assets
  Cash and cash equivalents6,974 5,735 8,830 5,635 5,635 5,574 4,294 5,221 5,221 
  Short-term investments1,635 1,080 616 971 971 487 1,723 1,571 1,571 
  Accounts and notes receivable5,280 4,517 5,658 5,461 5,461 5,444 5,285 4,791 4,791 
  Accounts and notes receivable—related parties16 14 13 13 13 14 22 24 24 
  Inventories1,258 1,236 1,326 1,398 1,398 1,443 1,447 1,496 1,496 
  Prepaid expenses and other current assets953 919 738 852 852 759 963 881 881 
       Total Current Assets16,116 13,501 17,181 14,330 14,330 13,721 13,734 13,984 13,984 
  Investments and long-term receivables8,197 8,618 8,731 9,130 9,130 9,132 9,304 9,192 9,192 
  Net properties, plants and equipment65,090 65,452 65,561 70,044 70,044 69,907 70,226 70,725 70,725 
  Other assets2,038 2,034 2,178 2,420 2,420 2,588 2,730 2,798 2,798 
Total Assets91,441 89,605 93,651 95,924 95,924 95,348 95,994 96,699 96,699 
Liabilities
  Accounts payable5,078 4,597 5,119 5,083 5,083 5,101 5,065 5,161 5,161 
  Accounts payable—related parties22 29 24 34 34 37 91 29 29 
  Short-term debt1,317 879 881 1,074 1,074 1,113 1,312 1,314 1,314 
  Accrued income and other taxes2,847 1,692 1,919 1,811 1,811 2,116 2,016 2,473 2,473 
  Employee benefit obligations420 552 691 774 774 405 516 627 627 
  Other accruals1,869 1,799 1,704 1,229 1,229 1,391 1,324 1,161 1,161 
       Total Current Liabilities11,553 9,548 10,338 10,005 10,005 10,163 10,324 10,765 10,765 
  Long-term debt15,266 15,565 18,182 17,863 17,863 17,304 17,040 16,990 16,990 
  Asset retirement obligations and accrued
  environmental costs		6,324 6,357 6,425 7,220 7,220 7,141 7,238 7,337 7,337 
  Deferred income taxes7,927 8,038 8,325 8,813 8,813 8,776 8,927 8,986 8,986 
  Employee benefit obligations1,007 981 956 1,009 1,009 967 990 945 945 
  Other liabilities and deferred credits1,581 1,585 1,680 1,735 1,735 1,672 1,730 1,795 1,795 
Total Liabilities43,658 42,074 45,906 46,645 46,645 46,023 46,249 46,818 46,818 
Equity
  Common stock issued
    Par value21 21 21 21 21 21 21 21 21 
    Capital in excess of par61,100 61,169 61,262 61,303 61,303 61,300 61,381 61,430 61,430 
  Treasury stock(61,904)(63,217)(64,529)(65,640)(65,640)(66,974)(68,005)(69,184)(69,184)
  Accumulated other comprehensive income (loss)(6,027)(5,925)(5,961)(5,673)(5,673)(5,917)(5,961)(5,845)(5,845)
  Retained earnings54,593 55,483 56,952 59,268 59,268 60,895 62,309 63,459 63,459 
Total Equity47,783 47,531 47,745 49,279 49,279 49,325 49,745 49,881 49,881 
Total Liabilities and Equity91,441 89,605 93,651 95,924 95,924 95,348 95,994 96,699 96,699 

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20232024
$ Millions1st Qtr2nd Qtr3rd Qtr4th QtrFull Year1st Qtr2nd Qtr3rd Qtr4th QtrYTD
CASH FLOW INFORMATION
Cash Flows from Operating Activities
  Net income (loss)2,920 2,232 2,798 3,007 10,957 2,551 2,329 2,059 6,939 
  Depreciation, depletion and amortization1,942 2,010 2,095 2,223 8,270 2,211 2,334 2,390 6,935 
  Impairments1 — 11 2 14 — 34 — 34 
  Dry hole costs and leasehold impairments68 34 49 11 162 19 29 — 48 
  Accretion on discounted liabilities68 68 68 79 283 80 80 80 240 
  Deferred taxes324 165 264 392 1,145 87 124 38 249 
  Distributions more (less) than income from equity
  affiliates		491 161 268 44 964 308 56 181 545 
  (Gain) loss on dispositions(93)1 (108)(28)(228)(93)5 2 (86)
  Other(35)28 23 (236)(220)(66)76 (28)(18)
  Net working capital changes(283)(845)(23)(231)(1,382)(112)(148)1,041 781 
Net Cash Provided by Operating Activities5,403 3,854 5,445 5,263 19,965 4,985 4,919 5,763 15,667 
Cash Flows from Investing Activities
  Capital expenditures and investments(2,897)(2,923)(2,545)(2,883)(11,248)(2,916)(2,969)(2,916)(8,801)
  Working capital changes associated with investing
  activities		208 (122)(261)205 30 169 4 22 195 
  Acquisition of businesses, net of cash acquired— — — (2,724)(2,724)49 — — 49 
  Proceeds from asset dispositions188 238 187 19 632 173 5 39 217 
  Net sales (purchases) of investments1,065 484 311 (487)1,373 405 (1,199)195 (599)
  Other(12)7 (76)18 (63)(21)8 2 (11)
Net Cash Used in Investing Activities(1,448)(2,316)(2,384)(5,852)(12,000)(2,141)(4,151)(2,658)(8,950)
Cash Flows from Financing Activities
  Net issuance (repayment) of debt(43)(64)2,651 (136)2,408 (505)(58)(44)(607)
  Issuance of company common stock(97)2 38 5 (52)(61)4 (9)(66)
  Repurchase of company common stock(1,700)(1,300)(1,300)(1,100)(5,400)(1,325)(1,021)(1,167)(3,513)
  Dividends paid(1,488)(1,350)(1,337)(1,408)(5,583)(924)(915)(910)(2,749)
  Other2 (13)(23)— (34)(10)(53)(68)(131)
Net Cash Used in Financing Activities(3,326)(2,725)29 (2,639)(8,661)(2,825)(2,043)(2,198)(7,066)
Effect of Exchange Rate Changes(104)(58)12 51 (99)(73)4 41 (28)
Net Change in Cash, Cash Equivalents and Restricted Cash525 (1,245)3,102 (3,177)(795)(54)(1,271)948 (377)
Cash, cash equivalents and restricted cash at beginning of period6,694 7,219 5,974 9,076 6,694 5,899 5,845 4,574 5,899 
Cash, Cash Equivalents and Restricted Cash at End of Period7,219 5,974 9,076 5,899 5,899 5,845 4,574 5,522 5,522 
Restricted cash is included in the "Other assets" line of our Consolidated Balance Sheet.
CAPITAL EXPENDITURES AND INVESTMENTS
 Alaska406 363 371 565 1,705 720 691 691 2,102 
 Lower 481,704 1,653 1,521 1,609 6,487 1,616 1,649 1,653 4,918 
 Canada136 92 117 111 456 152 131 136 419 
 Europe, Middle East and North Africa209 358 267 277 1,111 219 227 248 694 
 Asia Pacific63 79 103 109 354 45 90 100 235 
 Other International— — — — — — — — — 
 Corporate and Other379 378 166 212 1,135 164 181 88 433 
Total Capital Expenditures and Investments2,897 2,923 2,545 2,883 11,248 2,916 2,969 2,916 8,801 
Capitalized interest included in total capital expenditures and investments26 39 45 43 153 50 58 66 174 

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20232024
1st Qtr2nd Qtr3rd Qtr4th QtrFull Year1st Qtr2nd Qtr3rd Qtr4th QtrYTD
TOTAL SEGMENTS
Production
Total (MBOED)1,792 1,805 1,806 1,902 1,826 1,902 1,945 1,917 1,921 
Crude Oil (MBD)
  Consolidated operations926 918 914 936 923 928 942 945 938 
  Equity affiliates11 13 13 13 13 16 13 12 14 
  Total937 931 927 949 936 944 955 957 952 
NGL (MBD)
  Consolidated operations264 275 283 293 279 271 287 302 287 
  Equity affiliates7 8 8 8 8 8 8 8 8 
  Total271 283 291 301 287 279 295 310 295 
Bitumen (MBD)
  Consolidated operations69 66 64 125 81 129 133 87 116 
  Total69 66 64 125 81 129 133 87 116 
Natural Gas (MMCFD)
  Consolidated operations1,922 1,896 1,889 1,954 1,916 2,035 2,123 2,149 2,102 
  Equity affiliates1,166 1,251 1,252 1,207 1,219 1,267 1,247 1,232 1,249 
  Total3,088 3,147 3,141 3,161 3,135 3,302 3,370 3,381 3,351 
Industry Prices
Crude Oil ($/BBL)
  WTI76.13 73.78 82.26 78.32 77.62 76.96 80.57 75.10 77.54 
  WCS51.31 58.62 69.36 56.43 58.93 57.57 66.96 61.56 62.03 
  Brent dated81.27 78.39 86.76 84.05 82.62 83.24 84.94 80.18 82.79 
  JCC ($/BBL)100.49 87.19 84.04 83.08 88.70 92.29 84.19 87.58 88.02 
Natural Gas ($/MMBTU)
  Henry Hub first of month3.44 2.09 2.54 2.88 2.74 2.25 1.89 2.15 2.10 
Average Realized Prices
Total ($/BOE)60.86 54.50 60.05 58.21 58.39 56.60 56.56 54.18 55.77 
Crude Oil ($/BBL)
  Consolidated operations77.60 74.18 83.22 80.83 78.97 78.67 81.31 76.78 78.90 
  Equity affiliates80.97 75.10 78.73 79.23 78.45 76.94 80.34 76.11 77.72 
  Total77.65 74.19 83.15 80.80 78.96 78.64 81.30 76.77 78.88 
NGL ($/BBL)
  Consolidated operations24.97 20.05 22.52 21.22 22.12 23.35 21.84 21.16 22.07 
  Equity affiliates57.71 43.62 39.53 49.59 47.09 52.09 49.83 49.91 50.64 
  Total25.84 20.72 23.01 21.97 22.82 24.25 22.60 21.93 22.88 
Bitumen ($/BBL)
  Consolidated operations29.49 41.01 57.85 42.34 42.15 44.30 54.59 47.32 48.89 
  Total29.49 41.01 57.85 42.34 42.15 44.30 54.59 47.32 48.89 
Natural Gas ($/MCF)
  Consolidated operations5.65 2.89 3.29 3.75 3.89 2.91 1.88 1.99 2.25 
  Equity affiliates9.95 8.23 7.73 8.03 8.46 8.26 7.98 8.41 8.19 
  Total7.30 5.04 5.06 5.41 5.69 5.02 4.22 4.42 4.53 

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20232024
1st Qtr2nd Qtr3rd Qtr4th QtrFull Year1st Qtr2nd Qtr3rd Qtr4th QtrYTD
Exploration Expenses ($ Millions)
Dry holes49 23 37 — 109 19 25 — 44 
Leasehold impairment19 11 12 11 53 — 4 — 4 
Total noncash expenses68 34 49 11 162 19 29 — 48 
Other (G&A, G&G and lease rentals)70 49 43 74 236 93 73 70 236 
Total exploration expenses138 83 92 85 398 112 102 70 284 
U.S. exploration expenses108 51 29 37 225 66 42 22 130 
International exploration expenses30 32 63 48 173 46 60 48 154 
DD&A ($ Millions)
 Alaska260 267 259 275 1,061 324 321 309  954 
 Lower 481,319 1,407 1,489 1,507 5,722 1,432 1,557 1,640  4,629 
 Canada91 84 89 156 420 158 166 147  471 
 Europe, Middle East and North Africa153 139 134 161 587 180 175 189  544 
 Asia Pacific113 108 117 117 455 110 107 97  314 
 Other International— — — — — — — —  — 
 Corporate and Other6 5 7 7 25 7 8 8  23 
Total DD&A1,942 2,010 2,095 2,223 8,270 2,211 2,334 2,390  6,935 

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20232024
1st Qtr2nd Qtr3rd Qtr4th QtrFull Year1st Qtr2nd Qtr3rd Qtr4th QtrYTD
PRODUCTION
Crude Oil (MBD)
  Consolidated operations
   Alaska179 176 165 174 173 180 170 162 171 
   Lower 48561 565 572 576 569 553 575 603 577 
   Canada6 6 8 15 9 18 17 15 17 
     Norway70 65 60 63 64 68 68 70 68 
     Libya47 48 48 48 48 50 51 40 47 
   Europe, Middle East and North Africa117 113 108 111 112 118 119 110 115 
     China34 32 31 31 32 32 34 34 33 
     Malaysia29 26 30 29 28 27 27 21 25 
   Asia Pacific63 58 61 60 60 59 61 55 58 
  Total consolidated operations926 918 914 936 923 928 942 945 938 
  Equity affiliates11 13 13 13 13 16 13 12 14 
  Total937 931 927 949 936 944 955 957 952 
NGL (MBD)
  Consolidated operations
   Alaska18 16 14 15 16 14 14 14 14 
   Lower 48239 252 263 269 256 247 264 278 263 
   Canada3 3 3 5 3 6 6 7 6 
     Norway4 4 3 4 4 4 3 3 4 
   Europe, Middle East and North Africa4 4 3 4 4 4 3 3 4 
  Total consolidated operations264 275 283 293 279 271 287 302 287 
  Equity affiliates7 8 8 8 8 8 8 8 8 
  Total271 283 291 301 287 279 295 310 295 
Bitumen (MBD)
  Canada69 66 64 125 81 129 133 87 116 
  Total69 66 64 125 81 129 133 87 116 
Natural Gas (MMCFD)
  Consolidated operations
   Alaska42 34 36 39 38 42 36 37 38 
   Lower 481,418 1,478 1,490 1,440 1,457 1,479 1,597 1,596 1,557 
   Canada64 58 57 82 65 100 121 121 114 
     Norway313 256 235 313 279 329 301 323 318 
     Libya29 30 29 29 29 29 27 28 28 
   Europe, Middle East and North Africa342 286 264 342 308 358 328 351 346 
     Malaysia56 40 42 51 48 56 41 44 47 
   Asia Pacific56 40 42 51 48 56 41 44 47 
  Total consolidated operations1,922 1,896 1,889 1,954 1,916 2,035 2,123 2,149 2,102 
  Equity affiliates1,166 1,251 1,252 1,207 1,219 1,267 1,247 1,232 1,249 
  Total3,088 3,147 3,141 3,161 3,135 3,302 3,370 3,381 3,351 
Total (MBOED)
  Consolidated operations
   Alaska204 198 185 195 195 201 190 182 191 
   Lower 481,036 1,063 1,083 1,086 1,067 1,046 1,105 1,147 1,099 
   Canada89 85 85 158 104 170 176 129 158 
     Norway126 112 102 119 115 127 121 127 125 
     Libya52 53 53 53 53 55 56 44 52 
   Europe, Middle East and North Africa178 165 155 172 168 182 177 171 177 
     China34 32 31 31 32 32 34 34 33 
     Malaysia38 33 37 38 36 36 34 28 33 
   Asia Pacific72 65 68 69 68 68 68 62 66 
  Total consolidated operations1,579 1,576 1,576 1,680 1,602 1,667 1,716 1,691 1,691 
  Equity affiliates213 229 230 222 224 235 229 226 230 
  Total1,792 1,805 1,806 1,902 1,826 1,902 1,945 1,917 1,921 

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20232024
1st Qtr2nd Qtr3rd Qtr4th QtrFull Year1st Qtr2nd Qtr3rd Qtr4th QtrYTD
AVERAGE REALIZED PRICES
Crude Oil ($/BBL)
  Consolidated operations
   Alaska82.22 76.09 86.98 87.25 83.05 83.59 86.44 81.32 83.89 
   Lower 4874.36 72.06 80.75 77.43 76.19 75.51 78.72 74.73 76.29 
   Canada65.07 59.40 70.83 66.32 66.19 64.40 68.90 61.99 65.09 
     Norway85.34 80.39 87.27 85.35 84.56 85.36 83.96 79.75 82.83 
     Libya80.41 78.65 87.74 85.92 83.07 84.11 85.44 83.48 84.41 
   Europe, Middle East and North Africa83.52 79.64 87.45 85.60 83.96 84.83 84.62 80.88 83.45 
     China76.93 75.27 84.71 84.53 80.35 80.59 82.16 77.78 80.14 
     Malaysia89.99 83.92 92.63 92.64 90.11 89.40 91.70 85.13 88.91 
   Asia Pacific83.50 78.64 89.10 87.47 84.79 85.05 86.47 80.84 84.15 
  Total consolidated operations77.60 74.18 83.22 80.83 78.97 78.67 81.31 76.78 78.90 
  Equity affiliates80.97 75.10 78.73 79.23 78.45 76.94 80.34 76.11 77.72 
  Total77.65 74.19 83.15 80.80 78.96 78.64 81.30 76.77 78.88 
NGL ($/BBL)
  Consolidated operations
   Lower 4824.58 19.61 22.03 20.93 21.73 22.67 21.57 20.64 21.58 
   Canada29.02 17.11 26.26 30.28 26.13 35.47 27.01 28.11 30.13 
     Norway47.91 37.06 43.08 38.48 41.13 46.32 39.60 46.08 44.81 
   Europe, Middle East and North Africa47.91 37.06 43.08 38.48 41.13 46.32 39.60 46.08 44.81 
  Total consolidated operations24.97 20.05 22.52 21.22 22.12 23.35 21.84 21.16 22.07 
  Equity affiliates57.71 43.62 39.53 49.59 47.09 52.09 49.83 49.91 50.64 
  Total25.84 20.72 23.01 21.97 22.82 24.25 22.60 21.93 22.88 
Bitumen ($/BBL)
  Canada29.49 41.01 57.85 42.34 42.15 44.30 54.59 47.32 48.89 
  Total29.49 41.01 57.85 42.34 42.15 44.30 54.59 47.32 48.89 
Natural Gas ($/MCF)
  Consolidated operations
   Alaska4.58 4.38 4.40 4.48 4.47 3.91 4.03 3.98 3.97 
   Lower 482.92 1.43 2.24 1.93 2.12 1.57 0.32 0.18 0.67 
   Canada4.64 0.56 0.67 1.27 1.80 1.01 0.36 0.10 0.46 
     Norway18.04 11.32 10.07 12.70 13.33 9.02 9.89 11.19 10.02 
     Libya7.67 6.67 5.86 5.78 6.49 6.39 6.23 6.05 6.22 
   Europe, Middle East and North Africa17.18 10.83 9.61 12.12 12.68 8.81 9.59 10.76 9.71 
     Malaysia4.30 4.10 3.77 3.60 3.95 3.68 3.98 3.62 3.75 
   Asia Pacific4.30 4.10 3.77 3.60 3.95 3.68 3.98 3.62 3.75 
  Total consolidated operations5.65 2.89 3.29 3.75 3.89 2.91 1.88 1.99 2.25 
  Equity affiliates9.95 8.23 7.73 8.03 8.46 8.26 7.98 8.41 8.19 
  Total7.30 5.04 5.06 5.41 5.69 5.02 4.22 4.42 4.53 

conocophillipslogo23a.jpg
20232024
1st Qtr2nd Qtr3rd Qtr4th QtrFull Year1st Qtr2nd Qtr3rd Qtr4th QtrYTD
CORPORATE AND OTHER
Corporate and Other Earnings (Loss) ($ Millions)(242)(49)(333)(197)(821)(171)(249)(228)(648)
Detail of Earnings (Loss) ($ Millions)
Net interest expense(90)(86)(91)(93)(360)(93)(89)(79)(261)
Corporate G&A expenses(90)(96)(87)(84)(357)(105)(78)(99)(282)
Technology*6 (11)(14)(15)(34)(24)(44)(32)(100)
Other(68)144 (141)(5)(70)51 (38)(18)(5)
Total(242)(49)(333)(197)(821)(171)(249)(228)(648)
*Includes investment in new technologies or businesses outside of our normal scope of operations and licensing revenues.
Before-Tax Net Interest Expense ($ Millions)
Interest expense(214)(218)(239)(262)(933)(255)(256)(255)(766)
Capitalized interest*26 39 45 43 153 50 58 66 174 
Interest revenue95 97 110 101 403 101 95 105 301 
Total(93)(82)(84)(118)(377)(104)(103)(84)(291)
*Capitalized interest represents interest from external borrowings which is capitalized on major projects with an expected construction period of one year or longer.
Debt
Total debt ($ Millions)16,583 16,444 19,063 18,937 18,937 18,417 18,352 18,304 18,304 
Debt-to-capital ratio (%)26 %26 %29 %28 %28 %27 %27 %27 %27 %
Equity ($ Millions)47,783 47,531 47,745 49,279 49,279 49,325 49,745 49,881 49,881 
REFERENCE
Commonly Used Abbreviations
EarningsNet Income (Loss) Attributable to ConocoPhillips
DD&ADepreciation, Depletion and Amortization
G&GGeological and Geophysical
G&AGeneral and Administrative
JCCJapan Crude Cocktail
LNGLiquefied Natural Gas
NGLsNatural Gas Liquids
WCSWestern Canadian Select
WTIWest Texas Intermediate
Units of Measurement
BBLBarrel
BOEBarrel of Oil Equivalent
MMBBLMillion of Barrels
MBDThousand of Barrels per Day
MBOEDThousand of Barrels of Oil Equivalent per Day
MCFThousand Cubic Feet
MMBTUMillion British Thermal Units
MMCFDMillion Cubic Feet per Day

v3.24.3
Cover
Oct. 31, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Oct. 31, 2024
Entity Registrant Name ConocoPhillips
Entity Incorporation, State or Country Code DE
Entity File Number 001-32395
Entity Tax Identification Number 01-0562944
Entity Address, Address Line One 925 N. Eldridge Parkway
Entity Address, City or Town Houston
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77079
City Area Code 281
Local Phone Number 293-1000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001163165
Amendment Flag false
Document Information [Line Items]  
Entity Registrant Name ConocoPhillips
Common Stock, $.01 Par Value  
Document Information [Line Items]  
Title of 12(b) Security Common Stock, $.01 Par Value
Trading Symbol COP
Security Exchange Name NYSE
7% Debentures due 2029  
Document Information [Line Items]  
Title of 12(b) Security 7% Debentures due 2029
Trading Symbol CUSIP-718507BK1
Security Exchange Name NYSE
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