Adjusted Earnings Cash from Continuing Operating Activities  Crude Oil Average Realized Price 3 NGL Average Realized Price 3 Natural Gas Average Realized Price 3 9 ConocoPhillips  2014 ANNUAL REPORT 2012 2013 2014 105.98 103.51 92.94 0 10 20 30 40 (Dollars per Barrel) 12 11 2012 2013 2014 45.55 40.79 38.71 0 1 2 3 4 5 6 7 8 500 1000 1500 (Dollars per Barrel) 20 12 20 11 2012 2013 2014 5.38 6.00 6.48 0 2000 4000 6000 (Dollars per Thousand Cubic Feet) 2012 2013 2014 156 179 124 20 12 20 11 62% 58% 38% 42% (Percent) 0 50 100 150 200 2012 2013 2014 8,921 8,906 (MMBOE) 38% 62% 38% 62% 38% 62% 8,642 Liquids Natural Gas 56% 55% 53% 44% 45% 47% 0 20 40 60 80 100 2012 2013 2014 45% 1,527 55% 44% 1,502 56% 43% 1,540 57% Liquids Natural Gas (MBOED) 15,722 17,144 ($ Millions) 2012 2013 2014 16,918 5000 10000 15000 15,801 16,592 ($ Millions) 2012 2013 2014 13,458 ($ Millions) 6,734 7,061 2012 2013 2014 6,609 Capital Program 1 Total Production 2 Proved Reserves 3 Organic Reserve Replacement Ratio 4