Exhibit 99.2

CONSOLIDATED INCOME STATEMENT
	Millions of Dollars
	2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
Revenues and Other Income
Sales and other operating revenues*	30,741		35,448		40,173		42,979		149,341		44,821		45,686				90,507
Equity in earnings of affiliates	373		632		981		545		2,531		868		1,088				1,956
Gain on sale of Syncrude	-		-		-		-		-		-		2,878				2,878
Other income	124		106		117		171		518		73		475				548
Total Revenues and Other Income	31,238		36,186		41,271		43,695		152,390		45,762		50,127				95,889
Costs and Expenses
Purchased crude oil, natural gas and products	19,759		24,609		28,008		30,057		102,433		31,521		32,088				63,609
Production and operating expenses	2,545		2,573		2,534		2,687		10,339		2,527		2,619				5,146
Selling, general and administrative expenses	475		476		427		452		1,830		444		438				882
Exploration expenses	225		243		386		328		1,182		383		213				596
Depreciation, depletion and amortization	2,230		2,347		2,327		2,391		9,295		2,318		2,280				4,598
Impairments	3		51		56		425		535		91		1,532				1,623
Taxes other than income taxes*	3,464		3,715		4,205		4,145		15,529		4,037		4,247				8,284
Accretion on discounted liabilities	104		108		96		114		422		114		113				227
Interest and debt expense	310		268		336		375		1,289		301		349				650
Foreign currency transaction (gains) losses	131		(142	)	(17	)	(18	)	(46	)	36		54				90
Total Costs and Expense	29,246		34,248		38,358		40,956		142,808		41,772		43,933				85,705
Income before income taxes	1,992		1,938		2,913		2,739		9,582		3,990		6,194				10,184
Provision for income taxes	1,176		1,063		1,426		1,425		5,090		1,878		2,011				3,889
Net Income	816		875		1,487		1,314		4,492		2,112		4,183				6,295
Less: net income attributable to
noncontrolling interests	(16	)	(16	)	(17	)	(29	)	(78	)	(14	)	(19	)			(33	)
Net Income Attributable to ConocoPhillips	800		859		1,470		1,285		4,414		2,098		4,164				6,262
*Includes excise taxes on petroleum products sales:	3,060		3,316		3,538		3,411		13,325		3,220		3,417				6,637
Net income (loss) attributable to ConocoPhillips
per share of common stock (dollars)**
Basic	0.54		0.58		0.98		0.86		2.96		1.41		2.79				4.20
Diluted	0.54		0.57		0.97		0.86		2.94		1.40		2.77				4.17
Average common shares outstanding (in thousands)
Basic	1,485,890		1,486,496		1,488,352		1,489,811		1,487,650		1,492,861		1,489,814				1,491,329
Diluted	1,495,247		1,495,700		1,498,204		1,500,983		1,497,608		1,503,565		1,501,257				1,502,529
**For the purpose of the earnings-per-share calculation only, third-quarter and twelve-month 2009 net income attributable to ConocoPhillips has been reduced $12 million for the
excess of the amount paid for the redemption of a noncontrolling interest over its carrying value, which was charged directly to retained earnings.
Note: Certain items in 2009 have been recast to reflect the retrospective application of a change in accounting principle related to our LUKOIL investment. The basis for recording
equity earnings was changed from estimating LUKOIL's current quarter earnings to recording LUKOIL's actual results on a one-quarter lag basis.
SUMMARY OF INCOME (LOSS) ATTRIBUTABLE TO CONOCOPHILLIPS BY SEGMENT
	Millions of Dollars
	2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
U.S. E&P	173		336		327		667		1,503		757		536				1,293
International E&P	527		389		651		534		2,101		1,075		3,578				4,653
Total E&P	700		725		978		1,201		3,604		1,832		4,114				5,946
Midstream	123		31		62		97		313		77		61				138
U.S. R&M	98		(38	)	73		(325	)	(192	)	12		782				794
International R&M	107		(14	)	26		110		229		(16	)	(1,061	)			(1,077	)
Total R&M	205		(52	)	99		(215	)	37		(4	)	(279	)			(283	)
LUKOIL Investment	8		243		512		456		1,219		387		529				916
Chemicals	23		67		104		54		248		110		138				248
Emerging Businesses	-		2		(2	)	3		3		6		(10	)			(4	)
Corporate and Other	(259	)	(157	)	(283	)	(311	)	(1,010	)	(310	)	(389	)			(699	)
Consolidated	800		859		1,470		1,285		4,414		2,098		4,164				6,262
Note: Certain items in 2009 have been recast to reflect the retrospective application of a change in accounting principle related to our LUKOIL investment. The basis for recording equity earnings was changed from estimating LUKOIL's current quarter earnings to recording LUKOIL's actual results on a one-quarter lag basis.

Page 1 of 12

SUMMARY OF INCOME (LOSS) BEFORE TAXES BY SEGMENT
	Millions of Dollars
	2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
U.S. E&P	283		502		505		1,000		2,290		1,149		833				1,982
International E&P	1,498		1,311		1,855		1,828		6,492		2,632		5,145				7,777
Total E&P	1,781		1,813		2,360		2,828		8,782		3,781		5,978				9,759
Midstream	202		50		93		139		484		116		94				210
U.S. R&M	163		13		116		(448	)	(156	)	41		1,265				1,306
International R&M	150		(37	)	25		99		237		(86	)	(1,452	)			(1,538	)
Total R&M	313		(24	)	141		(349	)	81		(45	)	(187	)			(232	)
LUKOIL Investment	-		243		523		465		1,231		395		546				941
Chemicals	32		82		131		50		295		135		198				333
Emerging Businesses	(5	)	(2	)	(6	)	-		(13	)	4		(18	)			(14	)
Corporate and Other	(331	)	(224	)	(329	)	(394	)	(1,278	)	(396	)	(417	)			(813	)
Consolidated	1,992		1,938		2,913		2,739		9,582		3,990		6,194				10,184
Note: Certain items in 2009 have been recast to reflect the retrospective application of a change in accounting principle related to our LUKOIL investment. The basis for recording equity earnings was changed from estimating LUKOIL's current quarter earnings to recording LUKOIL's actual results on a one-quarter lag basis.
EFFECTIVE TAX RATES
	2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
U.S. E&P	38.5	%	33.1	%	35.2	%	33.3	%	34.3	%	34.0	%	35.7	%			34.7	%
International E&P	64.1	%	69.4	%	64.1	%	69.3	%	66.6	%	58.7	%	30.1	%			39.8	%
Total E&P	60.0	%	59.3	%	57.9	%	56.5	%	58.2	%	51.2	%	30.9	%			38.8	%
Midstream	39.1	%	40.0	%	33.3	%	30.2	%	35.3	%	33.6	%	35.1	%			34.3	%
U.S. R&M	39.9	%	384.6	%	35.3	%	27.5	%	-20.5	%	68.3	%	38.1	%			39.1	%
International R&M	28.7	%	62.2	%	0.0	%	-11.1	%	3.8	%	81.4	%	26.9	%			30.0	%
Total R&M	34.5	%	-112.5	%	29.1	%	38.4	%	50.6	%	93.3	%	-48.7	%			-21.1	%
LUKOIL Investment	--		0.0	%	1.9	%	2.2	%	1.0	%	1.8	%	3.3	%			2.7	%
Chemicals	28.1	%	17.1	%	21.4	%	-10.0	%	15.9	%	18.5	%	29.8	%			25.2	%
Emerging Businesses	100.0	%	200.0	%	66.7	%	--		123.1	%	-25.0	%	50.0	%			71.4	%
Corporate and Other	22.7	%	31.3	%	14.3	%	21.3	%	21.6	%	21.7	%	6.5	%			13.9	%
Consolidated	59.0	%	54.9	%	49.0	%	52.0	%	53.1	%	47.1	%	32.5	%			38.2	%
Note: Certain items in 2009 have been recast to reflect the retrospective application of a change in accounting principle related to our LUKOIL investment. The basis for recording equity earnings was changed from estimating LUKOIL's current quarter earnings to recording LUKOIL's actual results on a one-quarter lag basis.
ESTIMATED TAXES PAID
	Millions of Dollars
	2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
Cash income taxes paid	1,346		1,925		1,535		1,835		6,641		1,596		2,329				3,925
Taxes other than income taxes	3,464		3,715		4,205		4,145		15,529		4,037		4,247				8,284
Less: Excise taxes*	(3,060	)	(3,316	)	(3,538	)	(3,411	)	(13,325	)	(3,220	)	(3,417	)			(6,637	)
Estimated Taxes Paid	1,750		2,324		2,202		2,569		8,845		2,413		3,159				5,572
*Represents taxes collected by ConocoPhillips and reimbursed to taxing authorities.

Page 2 of 12

SPECIAL ITEMS INCLUDED IN NET INCOME ATTRIBUTABLE TO CONOCOPHILLIPS (AFTER-TAX)
	Millions of Dollars
	2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
U.S. E&P
Gain (loss) on asset sales	-		-		-		-		-		-		-				-
Impairments	-		-		-		(29	)	(29	)	-		-				-
Severance accrual	-		-		20		-		20		-		-				-
Pending claims and settlements	-		-		-		-		-		-		(82	)			(82	)
Total	-		-		20		(29	)	(9	)	-		(82	)			(82	)
International E&P
Gain (loss) on asset sales	-		-		-		55		55		-		2,679				2,679
Impairments	-		(51	)	-		(533	)	(584	)	-		-				-
Cancelled projects	-		-		-		-		-		(83	)	(2	)			(85	)
Severance accrual	-		-		11		-		11		-		-				-
Asset retirement	-		(37	)	-		-		(37	)	-		-				-
Deferred tax adjustment	-		-		-		-		-		-		40				40
Total	-		(88	)	11		(478	)	(555	)	(83	)	2,717				2,634
Total E&P	-		(88	)	31		(507	)	(564	)	(83	)	2,635				2,552
Midstream
Gain on share issuance by equity affiliate	88		-		-		-		88		-		-				-
Total	88		-		-		-		88		-		-				-
U.S. R&M
Gain (loss) on asset sales	-		-		32		-		32		-		116				116
Impairments	-		(72	)	(33	)	(11	)	(116	)	-		(8	)			(8	)
Severance accrual	-		-		6		-		6		-		-				-
Pending claims and settlements	(25	)	-		(33	)	-		(58	)	-		35				35
Total	(25	)	(72	)	(28	)	(11	)	(136	)	-		143				143
International R&M
Impairments	-		-		-		-		-		-		(1,103	)			(1,103	)
Cancelled projects	-		-		-		-		-		(25	)	(4	)			(29	)
Severance accrual	-		-		-		-		-		-		(28	)			(28	)
Total	-		-		-		-		-		(25	)	(1,135	)			(1,160	)
Total R&M	(25	)	(72	)	(28	)	(11	)	(136	)	(25	)	(992	)			(1,017	)
LUKOIL Investment
Gain (loss) on asset sales	-		-		-		-		-		-		99				99
Total	-		-		-		-		-		-		99				99
Chemicals
Total	-		-		-		-		-		-		-				-
Emerging Businesses
Total	-		-		-		-		-		-		-				-
Corporate and Other
Pending claims and settlements	-		-		(7	)	-		(7	)	-		(24	)			(24	)
Cancelled projects	-		-		-		-		-		(2	)	2				-
Severance accrual	-		-		3		-		3		-		-				-
Total	-		-		(4	)	-		(4	)	(2	)	(22	)			(24	)
Total Company	63		(160	)	(1	)	(518	)	(616	)	(110	)	1,720				1,610

Page 3 of 12

CASH FLOW INFORMATION
	Millions of Dollars
	2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
Cash Flows from Operating Activities
Net income	816		875		1,487		1,314		4,492		2,112		4,183				6,295
Depreciation, depletion and amortization	2,230		2,347		2,327		2,391		9,295		2,318		2,280				4,598
Impairments	3		51		56		425		535		91		1,532				1,623
Dry hole costs and leasehold impairments	123		115		233		135		606		133		72				205
Accretion on discounted liabilities	104		108		96		114		422		114		113				227
Deferred income taxes	(221	)	(382	)	(269	)	(243	)	(1,115	)	(35	)	(508	)			(543	)
Undistributed equity earnings	(280	)	(326	)	(692	)	44		(1,254	)	(503	)	(686	)			(1,189	)
Net gain on asset dispositions	(39	)	3		(52	)	(72	)	(160	)	(24	)	(3,249	)			(3,273	)
Other	(2	)	177		(326	)	347		196		(187	)	(356	)			(543	)
Net working capital changes	(849	)	(401	)	73		639		(538	)	(979	)	94				(885	)
Net Cash Provided by
Operating Activities	1,885		2,567		2,933		5,094		12,479		3,040		3,475				6,515
Cash Flows from Investing Activities
Capital expenditures & investments	(2,906	)	(2,672	)	(2,598	)	(2,685	)	(10,861	)	(2,071	)	(2,009	)			(4,080	)
Proceeds from asset dispositions	86		146		706		332		1,270		132		5,811				5,943
Long-term advances to/collections from
affiliates and other investments	(106	)	(56	)	(29	)	(153	)	(344	)	(218	)	38				(180	)
Net Cash Used for Investing Activities	(2,926	)	(2,582	)	(1,921	)	(2,506	)	(9,935	)	(2,157	)	3,840				1,683
Cash Flows from Financing Activities
Net issuance (repayment) of debt	1,931		989		104		(1,795	)	1,229		347		(2,717	)			(2,370	)
Issuance of stock	(21	)	-		10		24		13		9		26				35
Repurchase of stock	-		-		-		-		-		-		(390	)			(390	)
Dividends	(696	)	(697	)	(697	)	(742	)	(2,832	)	(744	)	(816	)			(1,560	)
Other	(203	)	(203	)	(685	)	(174	)	(1,265	)	(186	)	(169	)			(355	)
Net Cash Provided by (Used for)
Financing Activities	1,011		89		(1,268	)	(2,687	)	(2,855	)	(574	)	(4,066	)			(4,640	)
Effect of Exchange Rate Changes	77		12		9		-		98		4		16				20
Net Change in Cash
and Cash Equivalents	47		86		(247	)	(99	)	(213	)	313		3,265				3,578
Cash and cash equivalents
at beginning of period	755		802		888		641		755		542		855				542
Cash and Cash Equivalents
at End of Period	802		888		641		542		542		855		4,120				4,120
Note: Certain items in 2009 have been recast to reflect the retrospective application of a change in accounting principle related to our LUKOIL investment. The basis for recording equity earnings was changed from estimating LUKOIL's current quarter earnings to recording LUKOIL's actual results on a one-quarter lag basis.
CAPITAL PROGRAM
	Millions of Dollars
	2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
E&P
Capital expenditures and investments	2,376		2,059		2,202		2,262		8,899		1,850		1,745				3,595
Loans and advances	88		33		32		22		175		48		21				69
Joint venture acquisition obligation--principal	153		156		157		159		625		161		164				325
E&P total	2,617		2,248		2,391		2,443		9,699		2,059		1,930				3,989
Midstream*	1		3		-		1		5		-		-				-
R&M
Capital expenditures and investments	496		523		352		355		1,726		192		226				418
Loans and advances	-		-		150		200		350		200		-				200
R&M total	496		523		502		555		2,076		392		226				618
LUKOIL Investment*	-		-		-		-		-		-		-				-
Chemicals*	-		-		-		-		-		-		-				-
Emerging Businesses*	17		56		16		8		97		1		4				5
Corporate and Other*	16		31		28		59		134		28		34				62
Total Capital Program	3,147		2,861		2,937		3,066		12,011		2,480		2,194				4,674
*Capital expenditures and investments only.

Page 4 of 12

E&P
	2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD
E&P Net Income Attributable
to ConocoPhillips ($ Millions)	700		725		978		1,201		3,604		1,832	4,114			5,946
Production
Total, Including Equity Affiliates (MBOE/D)	1,925		1,872		1,791		1,828		1,854		1,828	1,733			1,779
E&P segment plus LUKOIL Investment segment:*	2,375		2,307		2,223		2,261		2,291		2,271	2,176			2,222
Crude Oil and Natural Gas Liquids (NGL) (MB/D)
Consolidated operations	963		912		863		913		913		901	837			869
Equity affiliates	49		55		59		57		55		57	56			56
Total	1,012		967		922		970		968		958	893			925
Over/(Under) Lifting of Crude Oil (MB/D)	10		1		17		(17	)	3		19	6			13
Synthetic Oil (MB/D)	23		16		25		27		23		22	25			23
Bitumen (MB/D)
Consolidated operations	7		6		8		7		7		8	10			9
Equity affiliates	35		41		45		52		43		52	48			50
Total	42		47		53		59		50		60	58			59
Natural Gas (MMCF/D)
Consolidated operations	5,011		4,957		4,658		4,556		4,793		4,635	4,431			4,532
Equity affiliates	76		94		88		76		84		91	110			101
Total	5,087		5,051		4,746		4,632		4,877		4,726	4,541			4,633
Industry Prices (Platt's)
Crude Oil ($/BBL)
WTI spot	42.97		59.54		68.19		76.06		61.69		78.67	77.78			78.23
Brent dated	44.40		58.79		68.28		74.56		61.51		76.24	78.30			77.27
Natural Gas ($/MMBTU)
Henry Hub -- First of Month	4.91		3.51		3.39		4.16		3.99		5.30	4.09			4.70
Average Realized Prices
Crude Oil and NGL ($/BBL)
Consolidated operations	40.39		51.77		61.93		68.66		55.47		71.89	71.00			71.46
Equity affiliates	39.92		55.44		64.31		70.69		58.23		71.30	72.46			71.89
Total	40.37		51.98		62.08		68.78		55.63		71.86	71.09			71.49
Synthetic Oil ($/BBL)	45.69		58.71		66.42		73.35		62.01		78.67	76.60			77.56
Bitumen ($/BBL)
Consolidated operations	21.10		40.65		48.35		47.44		39.67		59.18	45.81			52.68
Equity affiliates	24.64		46.90		49.81		55.07		45.69		56.15	49.73			53.04
Total	24.04		46.10		49.59		54.14		44.84		56.57	49.19			52.99
Natural Gas ($/MCF)
Consolidated operations	4.98		3.72		3.69		4.81		4.30		5.51	4.53			5.03
Equity affiliates	2.10		2.10		2.57		2.62		2.35		2.67	3.02			2.86
Total	4.93		3.69		3.67		4.77		4.26		5.45	4.50			4.98
Exploration Charges ($ Millions)
Dry holes	80		66		162		51		359		93	28			121
Lease impairments	43		49		71		84		247		40	44			84
Total Noncash Charges	123		115		233		135		606		133	72			205
Other (G&A, G&G and Lease rentals)	102		128		153		193		576		250	141			391
Total Exploration Charges	225		243		386		328		1,182		383	213			596
Depreciation, Depletion and
Amortization (DD&A) ($ Millions)	1,994		2,127		2,082		2,134		8,337		2,071	2,033			4,104
Foreign Currency Gains
(Losses) After-Tax ($ Millions)	(98	)	(22	)	(11	)	20		(111	)	60	18			78
*Recast 2009 to reflect the retrospective application of a change in accounting principle related to our LUKOIL investment. The basis for recording equity earnings was changed from
estimating LUKOIL's current quarter earnings to recording LUKOIL's actual results on a one-quarter lag basis.

Page 5 of 12

U.S. E&P
	2009									2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr	YTD		1st Qtr	2nd Qtr		3rd Qtr	4th Qtr	YTD
U.S. E&P Net Income Attributable
to ConocoPhillips ($ Millions)	173		336		327		667	1,503		757	536				1,293
Alaska ($ Millions)	244		404		356		536	1,540		517	381				898
Lower 48 ($ Millions)	(71	)	(68	)	(29	)	131	(37	)	240	155				395
Production
Total U.S. (MBOE/D)	791		771		737		722	755		703	686				694
Crude Oil and NGL (MB/D)
Alaska	275		252		229		252	252		247	221				234
Lower 48	163		170		168		165	166		156	161				159
Total	438		422		397		417	418		403	382				393
Over/(Under) Lifting of Crude Oil (MB/D)	12		21		(5	)	8	10		9	4				7
Natural Gas (MMCF/D)
Alaska	92		83		105		95	94		94	82				88
Lower 48	2,027		2,012		1,938		1,736	1,927		1,705	1,740				1,722
Total	2,119		2,095		2,043		1,831	2,021		1,799	1,822				1,810
Average Realized Prices
Crude Oil and NGL ($/BBL)
Alaska	41.75		55.25		67.91		74.35	59.23		77.25	77.44				77.34
Lower 48	30.85		41.52		47.78		55.86	44.12		59.54	55.70				57.58
Total U.S.	37.68		49.86		59.13		67.06	53.21		70.40	68.15				69.31
Natural Gas ($/MCF)
Alaska	7.69		6.38		4.87		5.22	6.25		5.28	4.73				5.04
Lower 48	3.76		2.97		2.98		4.03	3.42		5.21	3.93				4.56
Total U.S.	3.82		3.00		2.99		4.05	3.45		5.21	3.94				4.57
Kenai, Alaska LNG Sales
Volume (MMCF/D)	43		47		82		64	59		56	51				54
Sales price per MCF	6.29		7.20		8.29		11.02	8.45		11.70	12.08				11.88
U.S. Exploration Charges ($ Millions)
Dry holes	58		30		49		29	166		-	(1	)			(1	)
Lease impairments	26		28		27		62	143		22	26				48
Total Noncash Charges	84		58		76		91	309		22	25				47
Other (G&A, G&G and Lease rentals)	30		35		58		72	195		32	48				80
Total U.S. Exploration Charges	114		93		134		163	504		54	73				127
Alaska Only	34		8		11		17	70		7	10				17
DD&A ($ Millions)
Alaska	173		185		167		169	694		152	152				304
Lower 48	651		683		671		642	2,647		585	589				1,174
Total U.S.	824		868		838		811	3,341		737	741				1,478

Page 6 of 12

INTERNATIONAL E&P
	2009									2010
	1st Qtr		2nd Qtr		3rd Qtr	4th Qtr		YTD		1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD
International E&P Net Income
Attributable to ConocoPhillips ($ Millions)	527		389		651	534		2,101		1,075	3,578			4,653
Production
Total, Including Equity Affiliates (MBOE/D)	1,134		1,101		1,054	1,106		1,099		1,125	1,047			1,085
Crude Oil and NGL (MB/D)
Consolidated operations
Canada	40		41		39	39		40		41	42			41
Norway	172		155		150	160		160		152	121			137
United Kingdom	87		85		71	81		81		83	77			80
Australia/Timor-Leste	35		35		36	36		35		34	25			30
China	40		41		53	60		49		71	67			69
Indonesia	29		19		12	14		19		17	20			18
Vietnam	36		31		27	24		29		22	24			23
Algeria	16		13		14	14		14		13	13			13
Libya	43		43		45	48		45		46	47			46
Nigeria	19		19		19	20		19		19	19			19
Other	8		8		-	-		4		-	-			-
Total consolidated operations	525		490		466	496		495		498	455			476
Equity affiliates	49		55		59	57		55		57	56			56
Total	574		545		525	553		550		555	511			532
Over/(Under) Lifting of Crude Oil (MB/D)	(2	)	(20	)	22	(25	)	(7	)	10	2			6
Synthetic Oil (MB/D)
Consolidated operations--Canada	23		16		25	27		23		22	25			23
Bitumen (MB/D)
Consolidated operations--Canada	7		6		8	7		7		8	10			9
Equity affiliates	35		41		45	52		43		52	48			50
Total	42		47		53	59		50		60	58			59
Natural Gas (MMCF/D)
Consolidated operations
Canada	1,066		1,174		1,063	945		1,062		1,021	1,043			1,032
Norway	259		196		188	225		217		249	182			215
United Kingdom	742		653		514	728		659		712	567			639
Australia/Timor-Leste	247		258		266	233		251		239	184			211
Indonesia	449		451		443	450		447		462	473			468
Vietnam	17		12		17	16		15		15	16			16
Libya	8		8		12	12		10		8	8			8
Nigeria	104		110		112	116		111		130	136			133
Total consolidated operations	2,892		2,862		2,615	2,725		2,772		2,836	2,609			2,722
Equity affiliates	76		94		88	76		84		91	110			101
Total	2,968		2,956		2,703	2,801		2,856		2,927	2,719			2,823
Darwin, Australia LNG Sales (MMCF/D)	438		430		453	391		428		401	297			348

Page 7 of 12

INTERNATIONAL E&P (continued)
	2009					2010
	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD
Average Realized Prices
Crude Oil and NGL ($/BBL)
Consolidated operations
Canada	34.61	37.75	44.77	50.24	41.76	57.58	54.56			56.05
Norway	45.55	57.49	67.32	72.23	60.34	75.47	76.16			75.77
United Kingdom	42.41	52.63	64.45	69.43	56.19	74.03	72.64			73.42
Australia/Timor-Leste	41.33	42.77	54.11	62.23	50.30	68.73	68.75			68.74
China	38.17	57.72	65.97	73.72	61.33	74.89	77.78			76.37
Indonesia	42.35	52.36	76.41	73.63	56.28	67.65	68.49			68.10
Vietnam	42.75	58.00	70.27	79.64	60.97	80.92	81.26			81.10
Algeria	46.05	61.26	64.67	76.81	61.75	74.39	79.92			77.60
Libya	44.22	57.30	67.93	73.99	62.38	76.17	77.81			77.20
Nigeria	43.86	49.45	63.36	68.15	56.55	71.76	61.61			67.06
Other	32.01	-	-	-	32.01	-	-			-
Total consolidated operations	42.67	53.52	64.12	70.07	57.40	73.08	73.34			73.20
Equity affiliates	39.92	55.44	64.31	70.69	58.23	71.30	72.46			71.89
Total	42.43	53.72	64.14	70.14	57.48	72.91	73.24			73.07
Synthetic Oil ($/BBL)
Consolidated operations--Canada	45.69	58.71	66.42	73.35	62.01	78.67	76.60			77.56
Bitumen ($/BBL)
Consolidated operations--Canada	21.10	40.65	48.35	47.44	39.67	59.18	45.81			52.68
Equity affiliates	24.64	46.90	49.81	55.07	45.69	56.15	49.73			53.04
Total	24.04	46.10	49.59	54.14	44.84	56.57	49.19			52.99
Natural Gas ($/MCF)
Consolidated operations
Canada	4.13	2.84	2.53	3.97	3.33	4.63	3.63			4.12
Norway	9.68	7.09	6.24	6.64	7.52	7.08	7.01			7.05
United Kingdom	8.75	5.60	5.74	5.81	6.57	6.66	5.61			6.19
Australia/Timor-Leste	1.16	0.66	0.82	1.16	0.95	1.06	0.85			0.96
Indonesia	4.74	5.91	7.15	7.72	6.39	7.49	7.60			7.55
Vietnam	1.14	1.13	1.15	1.17	1.15	1.17	1.16			1.16
Libya	0.09	0.09	0.09	0.09	0.09	0.09	0.09			0.09
Nigeria	0.84	0.83	0.73	3.92	1.62	2.04	1.88			1.96
Total consolidated operations	5.87	4.27	4.26	5.34	4.94	5.71	4.95			5.34
Equity affiliates	2.10	2.10	2.57	2.62	2.35	2.67	3.02			2.86
Total	5.76	4.19	4.20	5.26	4.86	5.61	4.88			5.25
International Exploration Charges ($ Millions)
Dry holes	22	36	113	22	193	93	29			122
Lease impairments	17	21	44	22	104	18	18			36
Total Noncash Charges	39	57	157	44	297	111	47			158
Other (G&A, G&G and Lease rentals)	72	93	95	121	381	218	93			311
Total International Exploration Charges	111	150	252	165	678	329	140			469
DD&A ($ Millions)	1,170	1,259	1,244	1,323	4,996	1,334	1,292			2,626

Page 8 of 12

R&M
	2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
R&M Net Income (Loss) Attributable
to ConocoPhillips ($ Millions)	205		(52	)	99		(215	)	37		(4	)	(279	)			(283	)
United States ($ Millions)	98		(38	)	73		(325	)	(192	)	12		782				794
International ($ Millions)	107		(14	)	26		110		229		(16	)	(1,061	)			(1,077	)
Worldwide - Including Net Share of Equity Affiliates
Crude Oil Charge Input (MB/D)	2,156		2,337		2,382		2,028		2,226		2,066		2,275				2,171
Total Charge Input (MB/D)	2,296		2,517		2,553		2,192		2,389		2,226		2,448				2,338
Crude Oil Capacity Utilization (%)	81	%	88	%	90	%	76	%	84	%	78	%	86	%			82	%
Clean Product Yield (%)	80	%	82	%	81	%	84	%	82	%	84	%	84	%			84	%
Refined Products Production (MB/D)
Gasoline	916		1,042		1,054		940		988		986		1,038				1,012
Distillates	899		974		979		851		926		834		969				902
Other	477		501		532		414		481		418		457				437
Total	2,292		2,517		2,565		2,205		2,395		2,238		2,464				2,351
Petroleum Products Sales (MB/D)
Gasoline	1,161		1,337		1,342		1,250		1,273		1,249		1,319				1,284
Distillates	1,092		1,213		1,204		1,166		1,169		1,089		1,201				1,145
Other	470		562		594		503		532		471		524				498
Total	2,723		3,112		3,140		2,919		2,974		2,809		3,044				2,927
Market Indicators
U.S. East Coast Crack Spread ($/BBL)	10.43		9.13		8.14		6.19		8.47		8.21		10.71				9.46
U.S. Gulf Coast Crack Spread ($/BBL)	9.06		8.39		6.74		4.46		7.16		6.70		9.90				8.30
U.S. Group Central Crack Spread ($/BBL)	9.62		9.16		8.06		5.52		8.09		6.82		11.38				9.10
U.S. West Coast Crack Spread ($/BBL)	15.79		15.11		13.89		8.75		13.38		9.72		14.95				12.34
U.S. Weighted 3:2:1 Crack Spread ($/BBL)	10.88		10.12		8.81		5.95		8.94		7.68		11.44				9.56
NW Europe Crack Spread ($/BBL)	10.81		9.42		8.44		8.14		9.20		9.25		11.60				10.42
Singapore 3:1:2 Crack Spread ($/BBL)	9.45		7.88		7.63		5.83		7.70		10.17		10.68				10.42
Realized Margins
Refining Margin ($/BBL)
U.S.	7.55		4.85		4.69		2.42		4.83		5.62		8.82				7.31
International	6.23		3.01		3.66		6.24		4.73		7.64		9.26				8.49
Integrated Margin ($/BBL)
U.S.	8.23		5.40		5.92		3.48		5.71		6.07		10.40				8.35
International	8.30		4.61		6.16		8.92		6.93		10.51		12.81				11.72
DD&A ($ Millions)	211		198		220		227		856		214		211				425
Foreign Currency Gains
(Losses) After-Tax ($ Millions)	(10	)	49		2		(5	)	36		(47	)	(55	)			(102	)
Turnaround Expense ($ Millions)	207		121		62		145		535		72		94				166

Page 9 of 12

R&M (continued)
	2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
U.S. R&M
Eastern U.S.
Crude Oil Charge Input (MB/D)	346		376		393		374		372		379		410				395
Total Charge Input (MB/D)	363		427		443		410		411		406		457				431
Crude Oil Capacity Utilization (%)	82	%	89	%	93	%	88	%	88	%	90	%	97	%			93	%
Clean Product Yield (%)	83	%	87	%	89	%	89	%	87	%	89	%	89	%			89	%
U.S. Gulf Coast
Crude Oil Charge Input (MB/D)	470		711		660		554		599		641		730				686
Total Charge Input (MB/D)	534		773		725		629		664		731		804				769
Crude Oil Capacity Utilization (%)	64	%	97	%	90	%	75	%	82	%	87	%	100	%			94	%
Clean Product Yield (%)	81	%	83	%	80	%	81	%	81	%	82	%	82	%			82	%
Western U.S.
Crude Oil Charge Input (MB/D)	402		380		397		386		391		374		394				384
Total Charge Input (MB/D)	424		405		423		412		416		389		425				407
Crude Oil Capacity Utilization (%)	96	%	91	%	95	%	93	%	94	%	90	%	95	%			92	%
Clean Product Yield (%)	79	%	80	%	81	%	84	%	81	%	82	%	83	%			83	%
Central U.S. - Consolidated
Crude Oil Charge Input (MB/D)	172		184		179		152		172		170		189				180
Total Charge Input (MB/D)	175		188		182		154		175		172		191				182
Crude Oil Capacity Utilization (%)	92	%	98	%	96	%	81	%	92	%	91	%	101	%			96	%
Clean Product Yield (%)	90	%	91	%	93	%	91	%	91	%	91	%	92	%			92	%
Central U.S. - Equity Affiliates - Net Share*
Crude Oil Charge Input (MB/D)	199		202		212		174		197		178		190				183
Total Charge Input (MB/D)	213		215		224		186		210		189		202				195
Crude Oil Capacity Utilization (%)	88	%	89	%	94	%	77	%	87	%	79	%	84	%			81	%
Clean Product Yield (%)	81	%	84	%	85	%	82	%	83	%	83	%	82	%			83	%
Total U.S.
Crude Oil Charge Input (MB/D)	1,589		1,852		1,841		1,640		1,731		1,742		1,913				1,828
Total Charge Input (MB/D)	1,709		2,008		1,997		1,791		1,876		1,887		2,079				1,984
Crude Oil Capacity Utilization (%)	80	%	93	%	93	%	83	%	87	%	88	%	96	%			92	%
Clean Product Yield (%)	82	%	84	%	84	%	85	%	84	%	84	%	85	%			84	%
Refined Products Production (MB/D)
Gasoline	755		904		912		816		847		873		938				905
Distillates	623		748		725		665		691		679		785				732
Other	338		366		380		326		353		349		377				363
Total	1,716		2,018		2,017		1,807		1,891		1,901		2,100				2,000
Petroleum Products Sales (MB/D)
Gasoline	1,037		1,180		1,188		1,112		1,130		1,092		1,170				1,131
Distillates	749		924		906		853		858		807		921				864
Other	328		378		420		342		367		366		387				377
Total	2,114		2,482		2,514		2,307		2,355		2,265		2,478				2,372
*Represents 50 percent share of the Borger Refinery and Wood River Refinery.
International R&M
International - Consolidated*
Crude Oil Charge Input (MB/D)	453		364		422		288		381		276		255				265
Total Charge Input (MB/D)	465		380		430		296		393		288		262				275
Crude Oil Capacity Utilization (%)	82	%	66	%	76	%	52	%	69	%	50	%	46	%			48	%
Clean Product Yield (%)	72	%	69	%	69	%	76	%	71	%	80	%	75	%			78	%
International - Equity Affiliates - Net Share**
Crude Oil Charge Input (MB/D)	114		121		119		100		114		48		107				78
Total Charge Input (MB/D)	122		129		126		105		120		51		107				79
Crude Oil Capacity Utilization (%)	96	%	102	%	101	%	84	%	95	%	41	%	90	%			66	%
Clean Product Yield (%)	87	%	81	%	85	%	86	%	85	%	81	%	87	%			85	%
Total International
Crude Oil Charge Input (MB/D)	567		485		541		388		495		324		362				343
Total Charge Input (MB/D)	587		509		556		401		513		339		369				354
Crude Oil Capacity Utilization (%)	85	%	72	%	81	%	58	%	74	%	48	%	54	%			51	%
Clean Product Yield (%)	75	%	72	%	72	%	79	%	74	%	81	%	78	%			79	%
Refined Products Production (MB/D)
Gasoline	161		138		142		124		141		113		100				107
Distillates	276		226		254		186		235		155		184				170
Other	139		135		152		88		128		69		80				74
Total	576		499		548		398		504		337		364				351
Petroleum Products Sales (MB/D)
Gasoline	124		157		154		138		143		157		149				153
Distillates	343		289		298		313		311		282		280				281
Other	142		184		174		161		165		105		137				121
Total	609		630		626		612		619		544		566				555
*Represents our Humber Refinery in the United Kingdom, the Whitegate Refinery in Ireland, and our Wilhelmshaven Refinery in Germany.
**Represents 18.75 percent interest in a refinery complex in Karlsruhe, Germany, and 47 percent interest in a refinery in Melaka, Malaysia.

Page 10 of 12

LUKOIL INVESTMENT
	2009					2010
	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD	1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
LUKOIL Investment Net Income
Attributable to ConocoPhillips ($ Millions)	8	243	512	456	1,219	387		529				916
Upstream
Production
Net crude oil production (MB/D)	394	385	386	387	388	391		382				386
Net natural gas production (MMCF/D)	334	297	273	276	295	312		368				340
Total (MBOE/D)	450	435	432	433	437	443		443				443
Industry Prices
Crude Oil ($/BBL)
Urals crude (CIF Mediterranean) (one-quarter lag)	54.66	43.73	58.49	67.89	56.19	74.26		75.41				74.84
Downstream
Refinery Throughput
Crude Processed (MB/D)	225	231	250	255	240	246		248				247
Foreign Currency Gains
(Losses) After-Tax ($ Millions)	2	12	5	1	20	(2	)	(16	)			(18	)
Note: Certain items in 2009 have been recast to reflect the retrospective application of a change in accounting principle related to our LUKOIL investment. The basis for recording equity earnings was changed from estimating LUKOIL's current quarter earnings to recording LUKOIL's actual results on a one-quarter lag basis.
MIDSTREAM
	2009					2010
	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD	1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
Midstream Net Income Attributable
to ConocoPhillips ($ Millions)	123	31	62	97	313	77		61				138
U.S. Equity Affiliate ($ Millions)*	90	12	26	55	183	53		31				84
NGL Extracted (MB/D)
Consolidated
United States	-	-	-	-	-	-		-				-
International	-	-	-	-	-	-		-				-
Equity Affiliates
United States*	165	180	186	185	179	176		181				179
International	7	8	8	9	8	10		9				9
Total	172	188	194	194	187	186		190				188
*Represents 50 percent interest in DCP Midstream.
NGL Fractionated (MB/D)
United States*	144	157	147	147	149	140		138				139
International	16	17	17	17	17	19		18				19
Total	160	174	164	164	166	159		156				158
*Excludes DCP Midstream.
Product Prices
Weighted Average NGL ($/BBL)*
Consolidated	26.04	29.99	34.66	43.83	33.63	48.93		43.21				46.07
DCP Midstream	23.86	26.02	28.89	40.44	29.80	45.65		38.11				41.88
*Prices are based on index prices from the Mont Belvieu and Conway market hubs that are weighted by natural gas liquids component and location mix.
DD&A ($ Millions)	2	1	1	2	6	1		2				3

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CHEMICALS
					2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
Chemicals Net Income Attributable
to ConocoPhillips ($ Millions)	23		67		104		54		248		110		138				248
Industry Margins (Cents/Lb)*
Ethylene industry cash margin	4.7		3.0		5.2		4.0		4.2		18.2		19.6				18.9
HDPE industry contract sales margin	18.2		24.5		27.6		22.3		23.1		17.3		24.5				20.9
Styrene industry contract sales margin	14.8		13.9		11.5		11.2		12.8		10.3		12.3				11.3
*Prices, economics and views expressed by CMAI are strictly the opinion of CMAI and Purvin & Gertz and are based on information collected within the public sector and on
assessments by CMAI and Purvin & Gertz staff utilizing reasonable care consistent with normal industry practice. CMAI and Purvin & Gertz make no guarantee or warranty and
assume no liability as to their use.
EMERGING BUSINESSES
	2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
Emerging Businesses Net Income (Loss)
Attributable to ConocoPhillips ($ Millions)	-		2		(2	)	3		3		6		(10	)			(4	)
Detail of Net Income (Loss)
Attributable to ConocoPhillips ($ Millions)
Power	24		27		22		32		105		29		17				46
Other	(24	)	(25	)	(24	)	(29	)	(102	)	(23	)	(27	)			(50	)
Total	-		2		(2	)	3		3		6		(10	)			(4	)
Foreign Currency Gains
(Losses) After-Tax ($ Millions)	(1	)	4		(1	)	-		2		-		(1	)			(1	)
CORPORATE AND OTHER
					2009										2010
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
Corporate and Other Net Income (Loss)
Attributable to ConocoPhillips ($ Millions)	(259	)	(157	)	(283	)	(311	)	(1,010	)	(310	)	(389	)			(699	)
Detail of Net Income (Loss)
Attributable to ConocoPhillips ($ Millions)
Net interest expense	(190	)	(175	)	(245	)	(241	)	(851	)	(222	)	(254	)			(476	)
Corporate overhead	(41	)	(31	)	(5	)	(31	)	(108	)	(36	)	(47	)			(83	)
Other	(28	)	49		(33	)	(39	)	(51	)	(52	)	(88	)			(140	)
Total	(259	)	(157	)	(283	)	(311	)	(1,010	)	(310	)	(389	)			(699	)
Before-Tax Net Interest Expense ($ Millions)
Interest expense	(387	)	(360	)	(426	)	(447	)	(1,620	)	(383	)	(433	)			(816	)
Capitalized interest	118		131		129		109		487		119		119				238
Interest revenue	40		10		9		30		89		6		14				20
Premium on early debt retirement	(2	)	-		-		-		(2	)	-		-				-
Total	(231	)	(219	)	(288	)	(308	)	(1,046	)	(258	)	(300	)			(558	)
Foreign Currency Gains
(Losses) After-Tax ($ Millions)	(1	)	79		18		1		97		(19	)	(70	)			(89	)
Debt
Total Debt ($ Millions)	29,379		30,364		30,458		28,653		28,653		28,988		26,279				26,279
Debt-to-Capital Ratio (%)	34	%	34	%	33	%	31	%	31	%	31	%	28	%			28	%
Equity ($ Millions)	56,153		59,528		61,585		62,613		62,613		63,417		65,945				65,945
Note: Certain items in 2009 have been recast to reflect the retrospective application of a change in accounting principle related to our LUKOIL investment. The basis for recording equity earnings was changed from estimating LUKOIL's current quarter earnings to recording LUKOIL's actual results on a one-quarter lag basis.

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