	Third-Quarter 2019 Detailed Supplemental Information


	2018										2019
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Full Year		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr	YTD
$ Millions, Except as Indicated
CONSOLIDATED INCOME STATEMENT

Revenues and Other Income
Sales and other operating revenues	8,798		8,504		9,449		9,666		36,417		9,150		7,953		7,756			24,859
Equity in earnings of affiliates	208		265		294		307		1,074		188		173		290			651
Gain on dispositions	7		55		113		888		1,063		17		82		1,785			1,884
Other income (loss)	(52	)	416		309		(500	)	173		702		172		262			1,136
Total Revenues and Other Income	8,961		9,240		10,165		10,361		38,727		10,057		8,380		10,093			28,530

Costs and Expenses
Purchased commodities	3,714		3,064		3,530		3,986		14,294		3,675		2,674		2,710			9,059
Production and operating expenses	1,171		1,313		1,367		1,362		5,213		1,271		1,418		1,331			4,020
Selling, general and administrative expenses	99		118		119		65		401		153		129		87			369
Exploration expenses	95		69		103		102		369		110		122		360			592
Depreciation, depletion and amortization	1,412		1,438		1,494		1,612		5,956		1,546		1,490		1,566			4,602
Impairments	12		(35	)	44		6		27		1		1		24			26
Taxes other than income taxes	183		273		312		280		1,048		275		194		237			706
Accretion on discounted liabilities	88		89		89		87		353		86		87		86			259
Interest and debt expense	184		177		186		188		735		233		165		184			582
Foreign currency transaction (gains) losses	30		(28	)	5		(24	)	(17	)	12		28		(21	)		19
Other expenses	197		143		10		25		375		8		14		36			58
Total Costs and Expenses	7,185		6,621		7,259		7,689		28,754		7,370		6,322		6,600			20,292
Income before income taxes	1,776		2,619		2,906		2,672		9,973		2,687		2,058		3,493			8,238
Income tax provision	876		965		1,033		794		3,668		841		461		422			1,724
Net Income	900		1,654		1,873		1,878		6,305		1,846		1,597		3,071			6,514
Less: net income attributable to noncontrolling interests	(12	)	(14	)	(12	)	(10	)	(48	)	(13	)	(17	)	(15	)		(45	)
Net Income Attributable to ConocoPhillips	888		1,640		1,861		1,868		6,257		1,833		1,580		3,056			6,469

Net Income Attributable to ConocoPhillips
Per Share of Common Stock (dollars)
Basic	0.75		1.40		1.60		1.62		5.36		1.61		1.40		2.76			5.75
Diluted	0.75		1.39		1.59		1.61		5.32		1.60		1.40		2.74			5.72

Average Common Shares Outstanding (in thousands)*
Basic	1,179,792		1,172,378		1,163,033		1,151,148		1,166,499		1,139,463		1,125,995		1,108,555			1,124,558
Diluted	1,186,454		1,181,167		1,172,694		1,159,305		1,175,538		1,146,515		1,131,242		1,113,250			1,131,034
*Ending Common Shares Outstanding is 1,097,269 as of Sept. 30, 2019, compared with 1,110,142 as of Jun. 30, 2019.


INCOME (LOSS) BEFORE INCOME TAXES

Alaska	654		531		535		470		2,190		505		580		417			1,502

Lower 48	398		523		660		640		2,221		261		269		35			565

Canada	(105	)	47		49		(24	)	(33	)	73		100		69			242

Europe and North Africa	771		862		811		1,687		4,131		709		602		2,345			3,656

Asia Pacific and Middle East	653		629		815		743		2,840		730		642		606			1,978

Other International	(10	)	(2	)	334		72		394		130		87		75			292

Corporate and Other	(585	)	29		(298	)	(916	)	(1,770	)	279		(222	)	(54	)		3

Consolidated	1,776		2,619		2,906		2,672		9,973		2,687		2,058		3,493			8,238




EFFECTIVE INCOME TAX RATES

Alaska*	19.9	%	21.4	%	20.1	%	5.4	%	17.2	%	23.9	%	20.5	%	26.6	%		23.3	%

Lower 48	22.6	%	21.7	%	22.2	%	19.3	%	21.3	%	26.2	%	23.1	%	27.7	%		24.8	%

Canada	38.4	%	29.7	%	31.2	%	361.3	%	291.3	%	-66.4	%	-1.0	%	26.1	%		-13.1	%

Europe and North Africa	68.3	%	66.3	%	70.3	%	35.4	%	54.8	%	70.8	%	32.4	%	14.6	%		28.5	%

Asia Pacific and Middle East	27.6	%	23.5	%	27.8	%	22.4	%	25.4	%	26.2	%	17.1	%	-3.8	%		14.0	%

Other International	-336.7	%	-102.3	%	5.4	%	-33.5	%	7.6	%	-1.3	%	6.6	%	4.4	%		2.6	%

Corporate and Other	7.5	%	5.3	%	17.3	%	0.9	%	5.8	%	3.0	%	13.3	%	74.3	%		-2081.3	%

Consolidated	49.3	%	36.8	%	35.5	%	29.7	%	36.8	%	31.3	%	22.4	%	12.1	%		20.9	%
*Alaska including taxes other than income taxes.	22.4	%	36.1	%	37.1	%	24.9	%	30.3	%	38.1	%	25.8	%	40.6	%		34.5	%

	2018										2019
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Full Year		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr	YTD
$ Millions
EARNINGS BY SEGMENT

Alaska	524		418		427		445		1,814		384		462		306			1,152

Lower 48	308		410		513		516		1,747		193		206		26			425

Canada	(65	)	33		34		61		63		122		100		51			273

Europe and North Africa	245		290		241		1,090		1,866		207		407		2,001			2,615

Asia Pacific and Middle East	461		466		577		566		2,070		525		517		613			1,655

Other International	(44	)	(5	)	316		97		364		131		81		73			285

Corporate and Other	(541	)	28		(247	)	(907	)	(1,667	)	271		(193	)	(14	)		64

Consolidated	888		1,640		1,861		1,868		6,257		1,833		1,580		3,056			6,469





SPECIAL ITEMS

Alaska	79		-		-		98		177		-		81		(6	)		75

Lower 48	(8	)	-		(37	)	106		61		(47	)	(125	)	(110	)		(282	)

Canada	-		36		32		80		148		68		66		-			134

Europe and North Africa	-		32		-		805		837		-		234		1,845			2,079

Asia Pacific and Middle East	-		-		-		-		-		-		52		164			216

Other International	(34	)	-		325		93		384		147		84		86			317

Corporate and Other	(285	)	281		(54	)	(623	)	(681	)	517		45		163			725

Consolidated	(248	)	349		266		559		926		685		437		2,142			3,264
Detailed reconciliation of these items is provided on page 3.




ADJUSTED EARNINGS

Alaska	445		418		427		347		1,637		384		381		312			1,077

Lower 48	316		410		550		410		1,686		240		331		136			707

Canada	(65	)	(3	)	2		(19	)	(85	)	54		34		51			139

Europe and North Africa	245		258		241		285		1,029		207		173		156			536

Asia Pacific and Middle East	461		466		577		566		2,070		525		465		449			1,439

Other International	(10	)	(5	)	(9	)	4		(20	)	(16	)	(3	)	(13	)		(32	)

Corporate and Other	(256	)	(253	)	(193	)	(284	)	(986	)	(246	)	(238	)	(177	)		(661	)

Consolidated	1,136		1,291		1,595		1,309		5,331		1,148		1,143		914			3,205





ADJUSTED EFFECTIVE INCOME TAX RATES

Alaska	19.5	%	21.4	%	20.1	%	26.2	%	21.7	%	23.9	%	25.6	%	25.2	%		24.9	%

Lower 48	22.5	%	21.7	%	22.3	%	19.1	%	21.4	%	25.3	%	23.0	%	23.1	%		23.8	%

Canada	38.4	%	-1.5	%	61.1	%	20.3	%	33.6	%	26.7	%	20.8	%	26.1	%		25.1	%

Europe and North Africa	68.3	%	68.1	%	70.3	%	69.0	%	68.9	%	70.8	%	71.3	%	73.4	%		71.8	%

Asia Pacific and Middle East	27.6	%	23.5	%	27.8	%	22.4	%	25.4	%	26.2	%	24.6	%	23.3	%		24.8	%

Other International	0.7	%	-102.3	%	17.2	%	130.6	%	44.9	%	9.6	%	-32.9	%	-2.7	%		1.6	%

Corporate and Other	13.8	%	5.8	%	11.3	%	-8.2	%	5.7	%	14.8	%	12.7	%	23.3	%		16.6	%

Consolidated	41.8	%	41.2	%	39.2	%	43.6	%	41.4	%	42.9	%	40.5	%	42.5	%		41.9	%

	2018										2019
$ Millions	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Full Year		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr	YTD
DETAILED SPECIAL ITEMS

Alaska
Pending claims and settlements	101		-		-		-		101		-		69		-			69
Subtotal before income taxes	101		-		-		-		101		-		69		-			69
Income tax provision (benefit)¹	22		-		-		(98	)	(76	)	-		(12	)	6			(6	)
Total	79		-		-		98		177		-		81		(6	)		75

Lower 48
Restructuring	-		-		(20	)	(3	)	(23	)	-		-		-			-
Impairments	(10	)	-		(43	)	-		(53	)	(60	)	(95	)	(141	)		(296	)
Gain (loss) on asset sales	-		-		56		136		192		-		-		-			-
Pending claims and settlements	-		-		(41	)	-		(41	)	-		(67	)	-			(67	)
Subtotal before income taxes	(10	)	-		(48	)	133		75		(60	)	(162	)	(141	)		(363	)
Income tax provision (benefit)¹	(2	)	-		(11	)	27		14		(13	)	(37	)	(31	)		(81	)
Total	(8	)	-		(37	)	106		61		(47	)	(125	)	(110	)		(282	)

Canada
Gain (loss) on asset sales	-		50		45		-		95		-		56		-			56
Subtotal before income taxes	-		50		45		-		95		-		56		-			56
Income tax provision (benefit)²	-		14		13		(80	)	(53	)	(68	)	(10	)	-			(78	)
Total	-		36		32		80		148		68		66		-			134

Europe and North Africa
Impairments	-		53		-		52		105		-		-		-			-
Gain (loss) on asset sales	-		-		-		715		715		-		-		1,752			1,752
Subtotal before income taxes	-		53		-		767		820		-		-		1,752			1,752
Income tax provision (benefit)³	-		21		-		(38	)	(17	)	-		(234	)	(93	)		(327	)
Total	-		32		-		805		837		-		234		1,845			2,079

Asia Pacific and Middle East
Gain (loss) on asset sales	-		-		-		-		-		-		5		-			5
Subtotal before income taxes	-		-		-		-		-		-		5		-			5
Income tax provision (benefit)⁴	-		-		-		-		-		-		(47	)	(164	)		(211	)
Total	-		-		-		-		-		-		52		164			216

Other International
Pending claims and settlements	-		-		345		85		430		147		89		89			325
Subtotal before income taxes	-		-		345		85		430		147		89		89			325
Income tax provision (benefit)⁵	34		-		20		(8	)	46		-		5		3			8
Total	(34	)	-		325		93		384		147		84		86			317

Corporate and Other
Pension settlement expense	-		(147	)	(14	)	(35	)	(196	)	-		-		(37	)		(37	)
Pending claims and settlements	34		-		(18	)	-		16		(17	)	44		34			61
Premiums on early debt retirement	(206	)	(2	)	-		-		(208	)	-		-		-			-
Unrealized gain (loss) on CVE common shares	(123	)	383		(73	)	(624	)	(437	)	343		30		116			489
Unrealized gain (loss) on CAD FX derivative	7		4		(3	)	6		14		(6	)	(24	)	15			(15	)
Recognition of deferred revenue	-		60		44		-		104		248		-		49			297
Restructuring	-		-		(17	)	-		(17	)	-		-		-			-
Subtotal before income taxes	(288	)	298		(81	)	(653	)	(724	)	568		50		177			795
Income tax provision (benefit)	(3	)	17		(27	)	(30	)	(43	)	51		5		14			70
Total	(285	)	281		(54	)	(623	)	(681	)	517		45		163			725

Total Company	(248	)	349		266		559		926		685		437		2,142			3,264
¹Includes deferred tax adjustment in 4Q 2018 and 2Q 2019 in Alaska and in 4Q 2018 in Lower 48.
²Includes deferred tax adjustment in 4Q 2018 and 1Q 2019, and a tax rate change in 2Q 2019 in Canada.
³Includes tax adjustment in 2Q 2019 and 3Q 2019 related to the U.K. disposition.
⁴Includes tax adjustment in 2Q 2019 related to the Greater Sunrise Fields disposition and in 3Q 2019 for Malaysia Deepwater tax incentives.
⁵Includes 1Q 2018 Nigeria tax settlement.

	2018										2019
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Full Year		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr	YTD
$ Millions
CONSOLIDATED BALANCE SHEET

Assets
Cash and cash equivalents	4,984		3,234		3,716		5,915		5,915		6,218		5,941		7,193			7,193
Short-term investments	288		612		875		248		248		249		732		908			908
Accounts and notes receivable	4,032		3,750		4,319		3,920		3,920		3,701		3,490		3,478			3,478
Accounts and notes receivable—related parties	160		180		180		147		147		168		161		138			138
Investment in Cenovus Energy	1,776		2,159		2,086		1,462		1,462		1,805		1,835		1,951			1,951
Inventories	1,053		1,093		1,239		1,007		1,007		1,014		1,089		955			955
Prepaid expenses and other current assets	894		580		2,308		575		575		528		2,552		594			594
Total Current Assets	13,187		11,608		14,723		13,274		13,274		13,683		15,800		15,217			15,217
Investments and long-term receivables	9,572		9,435		9,553		9,329		9,329		9,302		8,748		8,916			8,916
Loans and advances—related parties	399		399		335		335		335		268		268		219			219
Net properties, plants and equipment	45,997		46,306		44,736		45,698		45,698		45,942		44,334		43,814			43,814
Other assets	1,572		1,188		1,209		1,344		1,344		2,303		2,111		2,174			2,174
Total Assets	70,727		68,936		70,556		69,980		69,980		71,498		71,261		70,340			70,340

Liabilities
Accounts payable	3,824		3,642		3,887		3,863		3,863		3,815		3,618		3,148			3,148
Accounts payable—related parties	62		24		31		32		32		31		17		23			23
Short-term debt	337		89		95		112		112		113		114		121			121
Accrued income and other taxes	1,341		1,301		1,582		1,320		1,320		1,539		1,213		1,077			1,077
Employee benefit obligations	408		511		626		809		809		470		529		543			543
Other accruals	1,137		1,071		1,180		1,259		1,259		1,402		3,505		1,030			1,030
Total Current Liabilities	7,109		6,638		7,401		7,395		7,395		7,370		8,996		5,942			5,942
Long-term debt	16,709		14,885		14,902		14,856		14,856		14,832		14,809		14,799			14,799
Asset retirement obligations and accrued environmental costs	7,789		7,665		7,554		7,688		7,688		7,730		5,996		6,087			6,087
Deferred income taxes	5,409		5,534		5,535		5,021		5,021		5,043		4,825		4,693			4,693
Employee benefit obligations	1,832		1,774		1,755		1,764		1,764		1,704		1,689		1,786			1,786
Other liabilities and deferred credits	1,161		1,218		1,330		1,192		1,192		1,838		1,872		1,794			1,794
Total Liabilities	40,009		37,714		38,477		37,916		37,916		38,517		38,187		35,101			35,101

Equity
Common stock issued
Par value	18		18		18		18		18		18		18		18			18
Capital in excess of par	46,642		46,746		46,858		46,879		46,879		46,877		46,922		46,954			46,954
Treasury stock	(40,406	)	(41,052	)	(41,979	)	(42,905	)	(42,905	)	(43,656	)	(44,906	)	(45,656	)		(45,656	)
Accumulated other comprehensive income (loss)	(5,371	)	(5,637	)	(5,442	)	(6,063	)	(6,063	)	(5,914	)	(5,827	)	(5,654	)		(5,654	)
Retained earnings	29,663		30,967		32,495		34,010		34,010		35,534		36,769		39,484			39,484
Total Common Stockholders' Equity	30,546		31,042		31,950		31,939		31,939		32,859		32,976		35,146			35,146
Noncontrolling Interests	172		180		129		125		125		122		98		93			93
Total Equity	30,718		31,222		32,079		32,064		32,064		32,981		33,074		35,239			35,239
Total Liabilities and Equity	70,727		68,936		70,556		69,980		69,980		71,498		71,261		70,340			70,340

	2018										2019
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Full Year		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr	YTD
$ Millions
CASH FLOW INFORMATION

Cash Flows from Operating Activities
Net income (loss)	900		1,654		1,873		1,878		6,305		1,846		1,597		3,071			6,514
Depreciation, depletion and amortization	1,412		1,438		1,494		1,612		5,956		1,546		1,490		1,566			4,602
Impairments	12		(35	)	44		6		27		1		1		24			26
Dry hole costs and leasehold impairments	20		16		28		31		95		27		41		293			361
Accretion on discounted liabilities	88		89		89		87		353		86		87		86			259
Deferred taxes	65		197		136		(115	)	283		(1	)	(220	)	(83	)		(304	)
Undistributed equity earnings	(34	)	128		(105	)	163		152		24		338		(102	)		260
Gain on dispositions	(7	)	(55	)	(113	)	(888	)	(1,063	)	(17	)	(82	)	(1,785	)		(1,884	)
Other	29		(267	)	15		414		191		(564	)	170		(426	)		(820	)
Net working capital changes	(86	)	177		(51	)	595		635		(54	)	(531	)	(307	)		(892	)
Net Cash Provided by Operating Activities	2,399		3,342		3,410		3,783		12,934		2,894		2,891		2,337			8,122

Cash Flows from Investing Activities
Capital expenditures and investments	(1,535	)	(1,999	)	(1,599	)	(1,617	)	(6,750	)	(1,637	)	(1,729	)	(1,675	)		(5,041	)
Working capital changes associated with investing activities	28		(120	)	35		(11	)	(68	)	107		(83	)	(7	)		17
Proceeds from asset dispositions	169		139		86		688		1,082		142		559		2,219			2,920
Net sales (purchases) of short-term investments	1,593		(336	)	(261	)	624		1,620		(1	)	(484	)	(180	)		(665	)
Long-term collections from (advances to)
related parties and other investments	(333	)	367		101		138		273		(88	)	276		(207	)		(19	)
Net Cash Provided by (Used in) Investing Activities	(78	)	(1,949	)	(1,638	)	(178	)	(3,843	)	(1,477	)	(1,461	)	150			(2,788	)

Cash Flows from Financing Activities
Repayment of debt	(2,888	)	(2,064	)	(18	)	(25	)	(4,995	)	(19	)	(19	)	(21	)		(59	)
Issuance of company common stock	(18	)	60		79		-		121		(38	)	2		(3	)		(39	)
Repurchase of company common stock	(500	)	(646	)	(927	)	(926	)	(2,999	)	(752	)	(1,250	)	(749	)		(2,751	)
Dividends paid	(338	)	(337	)	(334	)	(354	)	(1,363	)	(350	)	(346	)	(341	)		(1,037	)
Other	(32	)	(16	)	(63	)	(12	)	(123	)	(14	)	(41	)	(18	)		(73	)
Net Cash Provided by (Used in) Financing Activities	(3,776	)	(3,003	)	(1,263	)	(1,317	)	(9,359	)	(1,173	)	(1,654	)	(1,132	)		(3,959	)

Effect of Exchange Rate Changes	125		(139	)	(26	)	(77	)	(117	)	75		(49	)	(94	)		(68	)

Net Change in Cash, Cash Equivalents and Restricted Cash	(1,330	)	(1,749	)	483		2,211		(385	)	319		(273	)	1,261			1,307
Cash, cash equivalents and restricted cash at beginning of period	6,536		5,206		3,457		3,940		6,536		6,151		6,470		6,197			6,151
Cash, Cash Equivalents and Restricted Cash at End of Period	5,206		3,457		3,940		6,151		6,151		6,470		6,197		7,458			7,458



CAPITAL EXPENDITURES AND INVESTMENTS

Alaska	263		581		190		264		1,298		410		370		427			1,207

Lower 48	751		889		835		709		3,184		834		936		843			2,613

Canada	173		45		100		159		477		123		109		83			315

Europe and North Africa	216		246		216		199		877		157		182		198			537

Asia Pacific and Middle East	99		194		200		225		718		96		123		103			322

Other International	1		2		3		-		6		1		-		-			1

Corporate and Other	32		42		55		61		190		16		9		21			46
Total Capital Expenditures and Investments	1,535		1,999		1,599		1,617		6,750		1,637		1,729		1,675			5,041

	2018					2019
	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	Full Year	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD
TOTAL SEGMENTS


Production
Total (MBOED)	1,269	1,249	1,261	1,357	1,283	1,361	1,332	1,366		1,353

Crude Oil (MBD)
Consolidated operations	621	610	622	705	639	703	688	696		696
Equity affiliates	15	14	13	12	14	12	14	14		13
Total	636	624	635	717	653	715	702	710		709
Over (under) lifting of crude oil (MBD)	15	9	28	11	16	8	(3)	19		8

NGL (MBD)
Consolidated operations	88	95	98	98	95	103	110	106		106
Equity affiliates	8	8	8	7	7	7	8	8		8
Total	96	103	106	105	102	110	118	114		114

Bitumen (MBD)
Consolidated operations	66	63	65	71	66	63	51	63		59
Equity affiliates	-	-	-	-	-	-	-	-		-
Total	66	63	65	71	66	63	51	63		59

Natural Gas (MMCFD)
Consolidated operations	1,775	1,700	1,707	1,793	1,743	1,852	1,704	1,795		1,783
Equity affiliates	1,053	1,054	1,025	992	1,031	988	1,064	1,076		1,043
Total	2,828	2,754	2,732	2,785	2,774	2,840	2,768	2,871		2,826

Industry Prices
Crude Oil ($/BBL)
WTI	62.88	67.99	69.71	59.09	64.92	54.87	59.80	56.44		57.04
WCS	38.60	48.72	47.47	19.64	38.61	42.58	49.13	44.18		45.30
Brent dated	66.76	74.35	75.27	67.76	71.04	63.20	68.82	61.94		64.65
JCC ($/BBL)	58.62	66.66	71.51	76.66	68.36	76.98	63.72	71.59		70.77
Natural Gas ($/MMBTU)
Henry Hub first of month	3.01	2.80	2.91	3.65	3.09	3.15	2.64	2.23		2.67


Average Realized Prices
Total ($/BBL)	50.49	54.32	57.71	53.00	53.88	50.59	50.50	47.07		49.35

Crude Oil ($/BBL)
Consolidated operations	65.47	70.42	72.97	63.74	68.03	59.45	64.90	59.56		61.26
Equity affiliates	66.50	76.11	76.62	70.73	72.49	59.53	63.98	59.91		61.23
Total	65.49	70.55	73.05	63.86	68.13	59.45	64.88	59.57		61.26

NGL ($/BBL)
Consolidated operations	26.68	28.57	33.80	26.61	29.03	22.74	19.97	14.33		18.90
Equity affiliates	43.99	43.60	49.71	45.48	45.69	38.19	41.72	30.18		36.49
Total	28.37	29.94	35.14	28.04	30.48	23.85	21.65	15.59		20.24

Bitumen ($/BBL)
Consolidated operations	14.06	32.38	34.15	11.65	22.29	33.15	37.20	32.54		34.11
Equity affiliates	-	-	-	-	-	-	-	-		-
Total	14.06	32.38	34.15	11.65	22.29	33.15	37.20	32.54		34.11

Natural Gas ($/MCF)
Consolidated operations	5.18	4.85	5.48	6.05	5.40	5.27	4.08	3.73		4.37
Equity affiliates	5.04	5.72	6.35	7.15	6.06	7.31	5.81	6.40		6.48
Total	5.13	5.18	5.81	6.46	5.65	6.00	4.76	4.74		5.17


Exploration Expenses ($ Millions)
Dry holes	15	1	12	11	39	10	16	139		165
Leasehold impairment	5	15	16	20	56	17	25	154		196
Total noncash expenses	20	16	28	31	95	27	41	293		361
Other (G&A, G&G and lease rentals)	75	53	75	71	274	83	81	67		231
Total exploration expenses	95	69	103	102	369	110	122	360		592

U.S. exploration expenses	66	49	59	58	232	75	70	319		464
International exploration expenses	29	20	44	44	137	35	52	41		128


DD&A ($ Millions)
Alaska	185	182	161	213	741	205	208	200		613
Lower 48	498	553	603	653	2,307	621	709	731		2,061
Canada	91	85	89	50	315	56	48	63		167
Europe and North Africa	285	275	281	278	1,119	273	173	222		668
Asia Pacific and Middle East	327	317	334	390	1,368	375	338	332		1,045
Other International	-	-	-	-	-	-	-	-		-
Corporate and Other	26	26	26	28	106	16	14	18		48
Total DD&A	1,412	1,438	1,494	1,612	5,956	1,546	1,490	1,566		4,602

	2018					2019
	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	Full Year	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD
PRODUCTION


Crude Oil (MBD)
Alaska	174	170	152	187	171	210	199	190		200
Lower 48	197	218	240	262	229	245	269	277		264
Canada	2	1	1	1	1	1	1	1		1
Norway	89	82	89	89	87	89	73	91		84
United Kingdom	29	23	23	29	26	25	20	19		21
Libya	40	34	33	39	36	38	37	39		38
Europe and North Africa	158	139	145	157	149	152	130	149		143
Australia/Timor-Leste	4	3	3	5	4	6	7	6		6
China	37	29	34	42	36	41	37	35		38
Indonesia	2	2	2	2	2	2	2	2		2
Malaysia	47	48	45	49	47	46	43	36		42
Equity affiliates	15	14	13	12	14	12	14	14		13
AP/ME	105	96	97	110	103	107	103	93		101
Total	636	624	635	717	653	715	702	710		709

NGL (MBD)
Alaska	16	14	12	16	14	17	17	11		15
Lower 48	60	70	73	71	69	74	82	84		80
Canada	-	-	2	-	1	-	1	-		-
Norway	4	4	4	3	4	4	3	4		4
United Kingdom	4	4	4	4	4	4	3	3		3
Europe and North Africa	8	8	8	7	8	8	6	7		7
Australia/Timor-Leste	4	3	3	4	3	4	4	4		4
Equity affiliates	8	8	8	7	7	7	8	8		8
AP/ME	12	11	11	11	10	11	12	12		12
Total	96	103	106	105	102	110	118	114		114

Bitumen (MBD)
Canada	66	63	65	71	66	63	51	63		59
Total	66	63	65	71	66	63	51	63		59

Natural Gas (MMCFD)
Alaska	7	6	5	7	6	8	7	6		7
Lower 48	568	593	608	616	596	568	593	649		604
Canada	13	14	12	9	12	7	8	9		8
Norway	208	172	189	206	194	263	244	226		244
United Kingdom	309	309	238	270	281	310	247	218		258
Libya	31	26	25	31	28	31	27	29		29
Europe and North Africa	548	507	452	507	503	604	518	473		531
Australia/Timor-Leste	295	241	289	276	275	273	202	222		232
Indonesia	307	305	316	307	309	311	314	324		316
Malaysia	37	34	25	71	42	81	62	112		85
Equity affiliates	1,053	1,054	1,025	992	1,031	988	1,064	1,076		1,043
AP/ME	1,692	1,634	1,655	1,646	1,657	1,653	1,642	1,734		1,676
Total	2,828	2,754	2,732	2,785	2,774	2,840	2,768	2,871		2,826

Total (MBOED)
Alaska	191	185	165	204	186	228	217	202		216
Lower 48	352	387	414	436	397	414	450	469		444
Canada	70	67	70	74	70	65	54	66		62
Norway	128	114	125	126	123	137	117	133		128
United Kingdom	85	78	67	78	77	80	64	58		67
Libya	45	38	37	44	41	43	42	44		43
Europe and North Africa	258	230	229	248	241	260	223	235		238
Australia/Timor-Leste	57	46	54	55	53	56	45	47		49
China	37	29	34	42	36	41	37	35		38
Indonesia	53	53	54	53	53	54	54	56		55
Malaysia	53	54	49	61	54	60	53	55		56
Equity affiliates	198	198	192	184	193	183	199	201		195
AP/ME	398	380	383	395	389	394	388	394		393
Total	1,269	1,249	1,261	1,357	1,283	1,361	1,332	1,366		1,353

	2018					2019
	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	Full Year	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD
AVERAGE REALIZED PRICES


Crude Oil ($/BBL)
Consolidated operations
Alaska	68.31	72.49	76.47	66.58	70.86	62.81	67.57	62.78		64.34
Lower 48	61.99	65.79	67.73	57.08	62.99	53.15	59.17	54.38		55.63
Canada	-	-	-	-	48.73	-	-	-		-
Norway	65.84	73.13	77.74	70.19	71.61	63.16	70.09	64.00		65.49
United Kingdom	64.27	70.97	76.51	66.56	69.00	59.74	69.22	63.32		64.68
Libya	65.90	72.86	73.42	68.30	69.83	63.22	68.95	62.30		64.66
Europe and North Africa	65.57	72.65	76.54	68.97	70.71	62.83	69.65	63.47		65.17
Australia/Timor-Leste	70.71	72.25	71.12	68.88	70.70	59.39	62.22	57.02		59.60
China	62.49	69.51	70.71	62.37	65.94	59.23	65.40	59.07		60.71
Indonesia	58.60	49.93	55.16	50.54	53.34	47.07	51.62	48.79		49.26
Malaysia	70.42	78.42	79.32	73.50	75.33	67.33	73.99	66.26		69.36
AP/ME	67.07	74.88	74.78	67.76	70.93	62.94	69.78	62.01		64.75
Total consolidated operations	65.47	70.42	72.97	63.74	68.03	59.45	64.90	59.56		61.26
Equity affiliates	66.50	76.11	76.62	70.73	72.49	59.53	63.98	59.91		61.23
Total	65.49	70.55	73.05	63.86	68.13	59.45	64.88	59.57		61.26

NGL ($/BBL)
Consolidated operations
Lower 48	24.57	26.71	32.17	25.13	27.30	20.66	17.91	13.04		17.03
Canada	-	-	-	-	43.70	-	-	-		-
Norway	32.58	41.12	35.57	33.23	35.56	33.37	29.42	24.38		29.76
United Kingdom	33.43	39.77	40.43	37.14	38.13	27.65	32.75	22.20		27.71
Europe and North Africa	32.98	40.35	38.80	34.75	36.87	31.15	32.00	23.20		28.65
Australia/Timor-Leste	44.36	44.23	52.30	42.66	47.20	40.13	39.97	30.13		38.13
AP/ME	44.36	44.23	52.30	42.66	47.20	40.13	39.97	30.13		38.13
Total consolidated operations	26.68	28.57	33.80	26.61	29.03	22.74	19.97	14.33		18.90
Equity affiliates	43.99	43.60	49.71	45.48	45.69	38.19	41.72	30.18		36.49
Total	28.37	29.94	35.14	28.04	30.48	23.85	21.65	15.59		20.24

Bitumen ($/BBL)
Canada*	14.06	32.38	34.15	11.65	22.29	33.15	37.20	32.54		34.11
Total	14.06	32.38	34.15	11.65	22.29	33.15	37.20	32.54		34.11

Natural Gas ($/MCF)
Consolidated operations
Alaska	2.51	2.51	2.52	2.41	2.48	3.42	3.19	3.01		3.23
Lower 48	2.76	2.34	2.80	3.35	2.82	2.74	2.10	1.80		2.19
Canada	-	-	-	-	1.00	-	-	-		-
Norway	7.32	7.19	8.23	8.57	7.87	6.39	4.31	3.37		4.76
United Kingdom	7.58	7.31	7.37	8.73	7.74	6.83	4.49	3.69		5.19
Libya	5.62	5.52	4.11	4.10	4.84	4.92	4.79	4.83		4.85
Europe and North Africa	7.38	7.19	7.62	8.42	7.65	6.55	4.42	3.60		4.98
Australia/Timor-Leste**	0.62	0.69	1.14	0.79	0.82	0.83	0.78	0.76		0.79
Indonesia	6.61	6.96	7.09	7.71	7.10	6.69	7.19	6.69		6.86
Malaysia	2.78	3.06	3.11	3.64	3.25	3.84	3.57	3.44		3.60
AP/ME	5.57	5.50	6.53	6.90	6.15	6.36	5.89	5.78		6.01
Total consolidated operations	5.18	4.85	5.48	6.05	5.40	5.27	4.08	3.73		4.37
Equity affiliates	5.04	5.72	6.35	7.15	6.06	7.31	5.81	6.40		6.48
Total	5.13	5.18	5.81	6.46	5.65	6.00	4.76	4.74		5.17
*Average realized prices exclude additional value realized from third-party purchases and sales for optimization of our pipeline capacity between Canada and the U.S. Gulf Coast.
**Excludes transfers to Darwin LNG plant.

	2018									2019
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr	Full Year		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr	YTD
CORPORATE AND OTHER


Corporate and Other Earnings (Loss) ($ Millions)	(541	)	28		(247	)	(907)	(1,667	)	271		(193	)	(14	)		64


Detail of Earnings (Loss) ($ Millions)
Net interest expense	(160	)	(174	)	(174	)	(172)	(680	)	(196	)	(131	)	(123	)		(450	)
Corporate G&A expenses	(50	)	(53	)	(36	)	48	(91	)	(65	)	(49	)	(34	)		(148	)
Technology*	(10	)	63		64		(8)	109		96		(10	)	43			129
Other	(321	)	192		(101	)	(775)	(1,005	)	436		(3	)	100			533
Total	(541	)	28		(247	)	(907)	(1,667	)	271		(193	)	(14	)		64
*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	(221	)	(222	)	(236	)	(226)	(905	)	(243	)	(178	)	(200	)		(621	)
Capitalized interest	37		45		50		38	170		10		13		16			39
Interest revenue	22		15		18		24	79		32		33		45			110
Total	(162	)	(162	)	(168	)	(164)	(656	)	(201	)	(132	)	(139	)		(472	)

Debt
Total debt ($ Millions)	17,046		14,974		14,997		14,968	14,968		14,945		14,923		14,920			14,920
Debt-to-capital ratio (%)	36	%	32	%	32	%	32%	32	%	31	%	31	%	30%			30	%

Equity ($ Millions)	30,718		31,222		32,079		32,064	32,064		32,981		33,074		35,239			35,239

REFERENCE

Commonly Used Abbreviations
Earnings	Net Income (Loss) Attributable to ConocoPhillips
DD&A	Depreciation, Depletion and Amortization
G&G	Geological and Geophysical
G&A	General and Administrative
JCC	Japan Crude Cocktail
LNG	Liquefied Natural Gas
NGL	Natural Gas Liquids
WCS	Western Canada Select
WTI	West Texas Intermediate


Units of Measure
BBL	Barrels
MMBBL	Millions of Barrels
MBD	Thousands of Barrels per Day
MBOED	Thousands of Barrels of Oil Equivalent per Day
MCF	Thousands of Cubic Feet
MMBTU	Millions of British Thermal Units
MMCFD	Millions of Cubic Feet per Day