Explore ConocoPhillips Fact Sheets ConocoPhillips operations are managed through six segments, which are de fi ned by geographic region. Alaska, Lower 48,  Canada, Europe, Asia Paci fi c and Middle East, and Other International fact sheets provide a detailed look at individual assets  and programs across the company. A ConocoPhillips Overview fact sheet provides a summary of the company’s strategy  and details on Community Investment; Health, Safety and Environment; People; Sustainable Development; and Technology  programs. While exploration activities are covered within each of the segments, the Global Exploration fact sheet provides an  overview of worldwide exploration programs. These fact sheets are updated annually and are available on the company’s website at  www.conocophillips.com/factsheets .  14 ConocoPhillips  2014 ANNUAL REPORT 1 ConocoPhillips’ Asia Paci fi c and Middle East operati ons consist of producing  fi elds in China,  Indonesia, Malaysia, Qatar, Australia and Timor-Leste.  The company produces from  fi elds in Bohai Bay and the  South China Sea  and has interests in several  fi elds in Indonesia. Signi fi cant developments are under w ay o ff shore M alaysia with four sanctioned  projects under development and four more discoverie s in various st ages of appraisal. In Qatar,  the Qatargas 3 joint venture continues to provide stab le production.  In Australia, development  continues at Australia Paci fi c LNG (APLNG), and the co mpany operates  the Bayu-Undan Field and  Darwin lique fi ed natural gas (LNG) Plant. ConocoPhillips also has exploration and appraisal activiti es across the r egion.  64% Natural Gas 30% Crude Oil 6% NGL 2014 Production Mix Asia Paci fi c and Mid dle E a st  Fact Sheet - March 2015 Asia Paci fi c and Middle East – Average Daily  Net Produc tion, 2014 Crude Oil NGL Natural Gas  Total Area Interest Operator (MBD)  (MBD)  (MMCFD)  (MBOED ) Penglai 49.0%  CNOOC  37  –  4  38 Panyu 24.5%  CNOOC  13  –  –  13 China Total 50  –  4  51 South Natuna Sea Block B  40.0%  ConocoPhillips  5  4  117  29 South Sumatra 45.0%–54.0%  ConocoPhillips  2  – 344  59 Indonesia Total 7  4 461  88 Gumusut 1 29.0%  Shell  9  – 3  10 Siakap North-Petai  21.0%  Murphy  4  – –  4 Malaysia Total  13 – 3  14 Qatargas 3 30.0%  QG OPCO  15  8 374  85 Qatar Total 15  8 374  85 Bayu-Undan 56.9%  ConocoPhillips 9 6 221  52 Athena/Perseus 50.0%  ExxonMobil  –  – 34  5 Australia Paci fi c LNG  37.5%  Origin Energy 2 –  – 131  22 Australia and Timor-Leste Total 9  6 386  79 Asia Paci fi c and Middle East Total 94  18 1,228  317 1 Gumusut early production commenced in November 2012 and production from the fl oating production  system began in October 2014.  2 Origin Energy is the operator of the upstream development. ConocoPhillips is the o perator of the downs tream development. See page 12 for Cautionary Statement pertaining to the use of this fact sheet. 2014  Production 2014 Capital Program MBOED 4Q 3Q 2Q 1Q $ Millions 4Q 3Q 2Q 1Q Produc tion Capital Pr oduc tion 325 858 301 1,077 322 1,094 319 848 317 2014 Production Thou s and barrels of o il equivalen t per day 1. 6 2014 Proved Resource s Billion barrels of oi l equivalent 1 Th e Othe r International segment comprises producing  fi elds in Libya and Russia, a long with  e xploratio n activities in Angola, Colombia, Poland and Senegal.  In  July 20 14, the company completed the sale of its interest in the upstream a ffi liates of it s Nigerian  bu siness and transferred its interest in Brass LNG to the remaining shareholders. The ass ociated  ea rnings a nd production from Nigeria have been reported as discontinued operations. In  Libya,  the company has an interest in the Waha Concession in the Sirte Basin. Producti on was  cu rtailed in mid-2013 following the shutdown of the Es Sider Terminal, but temporarily re sumed  in the thi rd quarter of 2014 when the terminal re-opened. Production was curtailed a gain in  mi d-Dece mber following the forced shutdown of the Es Sider Terminal due to ongoing un rest in  th e regio n .  Th e com pany has a joint venture, Polar Lights, which operates in the Timan-Pechora prov ince in  n orthwest ern Russia. The company recently entered into shale exploration in Colombia  in the  Mi ddle M agdalena Basin, and has shale gas exploration prospects in Poland’s western Baltic r egion.  Other I nternational – Aver age Daily Net Pr oduc tion, 2014 2014 Pro duc tion Mix Ot h er International Fa ct S heet - March 2015 Crude Oil NGL Natural Gas  Total Area Interest Operator (MBD)  (MBD)  (MMCFD)  (MBOED) Waha Concession 16.3%  Waha  Oil Co.  8  –  3  8 Libya Total 8  –  3  8 Polar Lights 50.0%  Polar  Lights Company  4  – –  4 Russia Total 4  –  – 4 Other International  Total  12  –  3  12 P roduc tion  re fl ec ts  continuing opera tions , including 8 MBOED  of produc tion fr om  Libya  tha t has  been r emo ved from the company’s  production guidance.  r oved r eser v es , r esour ces and capital  progr am  re fl ect t otal  c ompan y  per for manc e. S ee page 8 for C autionar y Statement  per taining  to the  use  of  this  fact  sheet . 2014  Production 2014 Capital Program MBOED $ Millions 4Q 3Q 2Q 1Q 4% Natural Gas 96% Crude Oil Production Capital Pr oduc tion 4Q 26 89 200 173 136 3Q 12 2Q 5 1Q 6 12 2014 Production Thousand barrels of o i l equivalent per day 0.2 2014 Proved Reserves Billion barrels of oil equivalent See page 8 for Cautionary Statement pertaining to the use of this fact sheet. 1 Th e company’s Canadian operations are comprise d prima rily of natural gas  fi elds in western  Ca nada and oil sand projects in the Athabasca region  of nort heaster n Alberta. Cur rent investment programs are focused on liquids -rich a n d tigh t oil plays in western Canada,  wi th minimal investment in dry gas. The company  also h o lds si g ni fi cant acreage in emerging  un conventional plays, where drilling and seismic ac tivities are on going to assess potential. The  bu siness has a long-term strategic plan to develop a  full por tfolio  that includes bitumen, liquids,  lig ht oil and natural gas. Co nocoPhillips’ steam-assisted gravity drainage (S AGD)  pr oject s in the Canadian oil sands  rep resent a net resource of 15 billion barrels that o ff e rs growi ng, lon g-lived production. Th ese are projects where technology improvemen ts can contrib ute signi fi cant economic and  en vironmental bene fi ts to the large resource base an d add val ue to t he company’s portfolio. C anada – Average Daily Net Production, 2014 Crude Oil NGL  Bitumen Natural Gas  Total Area Interest Operator (MBD)  (MBD)  (MBD)  (MMCFD)  (MBOED) Deep  Basin Various  Various  1  8  –  205  44 Kaybob-Edson Various  Various  3  6  –  194  41 Clearwater Various  Various  5 8 –  170  41 Plains Various Various 4 1  –  142  29 Western  Canada Total  13 23  –  711  155 Surmont 50.0%  ConocoPhillips –  –  12  –  12 Foster  Creek* 50.0%  Cenovus Energy –  –  53  –  53 Christina  Lake*  50.0%  Cenovus Energy – – 64  –  64 Oil  Sands Total  –  –  129  –  129 C anada  Total  13  23  129  711  284 * E quit y a ffi liate – Foster Creek and Christina Lake (FCCL). 42% Na tur al Gas 5% Crude Oil 8% NGL 45% Bitumen 2014  Production Mix Canada  Fa ct Sheet - March 2015 2014 Pro duction 2014 Capital Program MBOED 4Q 3Q 2Q 1Q 280 284 276 296 $ Millions 4Q 3Q 2Q 1Q Pr oduc tion C apital Pr oduc tion Capital 622 515 613 590 284 2014 Productio n Th ou sand ba rrels of  oil eq uivale n t per day 2.5 2014 Proved Res erves Bil lion barr els of oil equ ivalent 1 ConocoPhillips has operated in Europe for more than 40 years. The com pany  has si g ni fi cant  developments in the  U.K. and Norwegian sectors of the North Sea.  These include the Greater Britannia, J-Area and Southern North Sea (SNS)  fi eld s  in the  United  Kingdom and the Greater Eko fi sk Area in Norway. The company also has  ongoi ng expl oration  activities in the Cent ral North Sea and west of Shetland, o ff shore United Ki ngdom, and Ba ffi n Bay  and Greenland Sea, o ff shore Greenland.  Several growth proj ects are underway in ConocoPhillips legacy areas in the  North Sea, w h ere the  company’s position o ff ers near-term growth with future upside potential. Th e com pany’s  existing  operations, infrastru cture and basin expertise have created opportunities for  incre mental  growth  projects. In the Unite d Kingdom, the Britannia Long-Term Compression Proje ct ca m e on st ream in  September 2014 and  fi rst production is expected from Enochdhu in 2015. In No rway,  Eld fi sk I I began  production in Januar y 2015.  36% Natural Gas 4% NGL 60% Crude Oil 2014 Production Mix Europe Fact Sheet - March 2015 Europe – Aver age  Daily Net Production, 2014 Crude O il NGL Natural Gas  Total Area Interest Operator (MBD)  (MBD)  (MMCFD)  (MBOED) Britannia 58.7% Britannia  Operator  Ltd.  3  1  86  18 Britannia  Satellites 75.0%–83.5% ConocoPhillips 6  –  18  9 J-Area  32.5%–36.5% ConocoPhillips 20  4  105  42 Southern North  Sea Various Various –  –  77  13 East Irish Sea 100% HRL –  –  37  6 Other Various Various 6  –  –  6 United Kingdom Total 35  5  323  94 Greater Eko fi sk  Area 35.1% ConocoPhillips 55  2  47  65 Alvheim 20.0% Det  norske 11  –  13  13 Heidrun 24.0% Statoil 12  –  12  14 Other Various Various 13  1  66  25 Norway Total 91  3  138  117 Europe Total 126  8  461  211 See pag e 12 fo r Caution ary St atement perta ining t o the use of this fact sheet . 2014 Production 2014 Capital Program MBOED 4Q 3Q 2Q 1Q $ Millions 4Q 3Q 2Q 1Q Production Capital 220 596 215 609 194 660 213 656 211 2014 Production Thousand barrels of oil equivalent per day 0.7 2014 Proved Reserves Billion barrels of oil equivalent 1 ConocoPhillips is Alaska’s largest oil producer and  on e of the largest o wners of state and federal  exp loration leases, with approximately 0.9 mill ion net undevelope d acres at year-end 2014.  Ap proximately 0.4 million of those acres are in the  Nat ional Petroleum  Reserve-Alaska (NPR-A) and  0.3  million are located in the Chukchi Sea. Co nocoPhillips has major ownership interests in  tw o  of North Ameri ca’s largest oil  fi elds, both  loc ated on Alaska’s North Slope – Kuparuk, wh ich the company o perates, and Prudhoe Bay.  Ad ditionally, ConocoPhillips has a signi fi cant op e ratin g interest in the Alpine Field, located on the  We stern North Slope. In s outhern Alaska, the company owns a 100 per cen t interest in the Kenai lique fi ed natural gas  (LN G) facility and operates the Tyonek Platform in  the North Cook Inlet  Field and the Beluga River  na tur al gas  fi eld, all in the Cook Inlet Area. Sig n i fi cant oil exploration and development o ppo rtunities still exi st on the North Slope of  Ala ska as well as exploration prospects o ff shor e . Give n the recent cha nges to Alaska’ oil tax law,  Co nocoPhillips is pursuing several new develop me n ts and evaluati ng additional North Slope  inv estments on its onshore acreage.  A laska – Average Daily Net Production, 2014 Crude Oil NGL Natural Gas  Total Area Interest Operator (MBD)  (MBD )  (MMCFD)  (MBOED) Greater  Prudhoe Area 36.1%  BP  78  13 6  92 Greater  Kuparuk Area 52.2%-55.5%  ConocoPhillips 52  – –  52 Western  North Slope  78.0%  ConocoPhillips 32 – 1  32 Cook  Inlet Area  33.3%-100% ConocoPhillips – – 42 7 Alaska  Total  162 13  49  183 4% Na tur al Gas 7% NGL 89% Crude Oil 2014  Production Mix   A l a s k a Fact Sheet - March 2015 See page 8 for Cautionary Statement pertaining to the use of this fact shee t. 2014 Production 2014 Capital Program MBOED 4Q 3Q 2Q 1Q 200 415 390 369 390 193 155 186 $ Millions 4Q 3Q 2Q 1Q 0 100 200 300 400 500 Produc tion Capital 0 100 200 300 400 500 Pr oduc tion 18 3 2014 Production Thousand ba rre ls of o i l equivalent per day 1. 6 2014 Proved Reserves Billion barrels of oil equivalent 1 The Lower 48 segment represents the largest business in ConocoPhillips t oday. The company  ha s  high-quality positions in the North American unconventionals, which are  low cost of supply asse ts  with signi fi cant upside potential. The company’s large onshore Lower 48 position of 13.0 million net ac res, much of it held by  production, gives access to scalable inventory that can generate substa ntial production grow th  in the years ahead based on production. The Lower 48 business ir organi zed within four regio ns  covering the Gulf Coast, Mid-Continent, Rockies and San Juan. Current  major focus areas for t he  Lower 48 include the Eagle Ford, Bakken, Permian and Gulf of Mexico. Lower 48 – Average Daily Net Production, 2014 Lower 48  Fact Sheet - March 2015 Crude Oil NGL Natural Gas  Total Area Interest Operator (MBD)  (MBD)  (MMCFD)  (MBOED) Eagle Ford Various  Various  89  33  199  155 Gulf of Mexico Various  Various  12  2  14  16 Gulf Coast – Other  Various  Various  5 4  213  45 Gulf Coast Total  106  39  426 216 Permian Various  Various  32  6  119 58 Barnett Various  Various  1  5  45  13 Anadarko Basin  Various  Various  3 4  119 27 Mid-Continent Total  36 15  283 98 Bakken Various  Various  42  3  32  50 Wyoming/Uinta Various  Various  –  1  96  17 Niobrara  Various  Various  2 – 1  2 Rockies Total  44 4  129 69 San Juan Total 2  39  653  150 Lower 48 Total 188  97  1,491  533 47% Na tur al Gas 35% Crude Oil 18% NGL 2014 Production Mix See page 12 for Cautionary Statement pertaining to the use of this fact sheet. 2014 Production 2014 Capital Program MBOED 4Q 3Q 2Q 1Q 507 540 543 541 $ Millions 4Q 3Q 2Q 1Q Production C apital Capital 1,312 1,385 1,656 1,701 533 2014 Production Thousand barre ls of o i l equivalent per da y 2.3 2014 Proved Reserves Billion barrels of oil equivalent Production re fl ects continuing operations, including 8 MBOED of production from Libya that has been re mo ved from the company’s production guidance.  Proved reserves, resources and capital program re fl ect total company performance. See page 12 for Cautionary Statement pertaining to the use of this fact sheet. 1 ConocoPhillips is the world’s largest independent exploration and produ ct ion (E&P) company based  on proved reserves and production of liquids and natural gas. We exp lor e for, produce, transport  and market crude oil, bitumen, natural gas, natural gas liquids and  liq u e fi ed natural gas on a  worldwide basis. As of Dec. 31, 2014, we had operations and activities in  2 7  countries. Operatio ns are managed through six segments, which are de fi ned by g eographic region: Alaska,  Lower 48 , Canada, Europe, Asia Paci fi c and Middle East, and Other Int erna tional. As of April 1, 2014,  Latin A merica and Poland are reported as part of the Other Internati ona l segment. Prior to April  1, 2014, they were reported in the Lower 48 and Latin America seg me nt and Europe segment,  respectiv ely. ConocoPhillips carried out exploration activities in  15  countries and produced  hydrocar bons in 12 countries as of Dec. 31, 2014.  Key focu s areas include safely operating worldwide; protecting base p ro duction; executing major  project startups and development drilling programs; and adding re sou rces through our global  explorati on program. ConocoP hillips common stock is listed on the New York Stock Exchange  und er the ticker symbol COP. 43% Natural Gas 8% Bitumen 39% Crude Oil 10% NGL 2014 Pro duc tion Mix ConocoPhillips Overview Fac t Sheet - March 2015 1, 5 4 0 2014 Production Thousand barrels of oil eq uiva l e n t p e r day Conoc oPhillips – Average Daily Net Production, 2014  CrudeOil NGL  Bitumen NaturalGas  T otal Segment (MBD)  (MBD)  (MBD)  (MMCFD)  (MBOED ) Alaska 162  13  –  49  183 Lower  48 188  97  –  1,491  533 Canada  13  23  129  711  284 Europe  126  8  –  461  211 Asia Paci fi c and Middle East 94  18  –  1,228 317 Other  International 12  –  –  3  12 Conoc oPhillips  Total  595  159  129  3,943  1,540 2014 Production 2014 Capital Program MBOED $ Millions 4Q 3Q 2Q 1Q Produc tion Capital Production 4Q 1,589 4,356 3Q 1,481 4,597 2Q 1,557 4,274 1Q 1,532 3,917 2014 Proved Reserves 8.9 Billion barrels of oil equivalent 2014 Resources 44 Billion barrels of oil equivalent