Financial and Operating Highlights 1  Includes discontinued operations and excludes $2,810 million FCCL prepayment in 2013. 2  Represents continuing operations only, including production from Libya that has been removed from our production guidance. 3  Includes discontinued operations. 4  Organic reserve replacement ratio excludes the impact of purchases and sales. Use of non-GAAP  fi nancial information—This annual report includes non-GAAP  fi nancial measures that are included to help facilitate comparisons of company operating performance  across periods and with peer companies. A reconciliation determined in accordance with U.S. GAAP is shown on page 13 and at  www.conocophillips.com/nongaap . 8 ConocoPhillips  2014 ANNUAL REPORT Financial Highlights 2014 2013  2012 ($ Millions, except as indicated) Total revenues and other income  $ 55,517 58,248  62,004 Net income attributable to ConocoPhillips  (earnings) $ 6,869 9,156  8,428 Earnings per share of common stock—diluted  (dollars) $ 5.51 7.38  6.72 Net cash provided by continuing operating activities  $ 16,592 15,801  13,458 Capital program 1 $ 17,144 16,918  15,722 Repurchase of company common stock  $ — —  5,098 Dividends paid on company common stock  $ 3,525 3,334  3,278 Total assets  $ 116,539 118,057 117,144 Total debt  $ 22,565 21,662 21,725 Total equity  $ 52,273 52,492  48,427 Percent of total debt to capital  30% 29  31 Common stockholders’ equity  $ 51,911 52,090 47,987 Common stockholders’ equity per share—book value  (dollars) $ 42.16 42.49  39.33 Cash dividends per common share  (dollars) $ 2.84 2.70  2.64 Closing stock price per common share  (dollars) $ 69.06 70.65  57.99 Common shares outstanding at year end  (in thousands) 1,231,353 1,225,939  1,220,017 Average common shares outstanding  (in thousands) Basic  1,237,325 1,230,963  1,243,799 Diluted  1,245,863 1,239,803  1,253,093 Return on capital employed  9% 10  11 Operating Highlights Production 2 Crude oil production  (MBD) 595 581  595 Natural gas liquids production  (MBD) 159 156  156 Bitumen production  (MBD) 129 109  93 Natural gas production  (MMCFD) 3,943 3,939  4,096 Total  (MBOED) 1,540 1,502  1,527 Average Realized Prices 3 Average crude oil price  (per barrel) $ 92.94 103.51  105.98 Average natural gas liquids price  (per barrel) $ 38.71 40.79  45.55 Average bitumen price  (per barrel) $ 55.13 53.27  53.91 Average natural gas price  (per thousand cubic feet) $ 6.48 6.00  5.38 Proved Reserves 3 Crude oil reserves  (MMBOE) 2,708 2,749  2,779 Natural gas liquids reserves  (MMBOE) 715 744  694 Bitumen reserves  (MMBOE) 2,066 2,030  1,900 Natural gas reserves  (BCF) 20,500 20,388  19,614 Total  (MMBOE) 8,906 8,921  8,642 Organic Reserve Replacement Ratio  (percent) 4 124% 179  156 Acreage 3 Net developed acreage  (millions of acres) 10.9 11.3  12.2 Net undeveloped acreage  (millions of acres) 40.8 42.3  44.2 Total  (millions of acres) 51.7 53.6  56.4