ConocoPhillips · NYSE:COP
ConocoPhillips — Q3 2016 Earnings Presentation
11 slides from ConocoPhillips's earnings presentation, Oct 27, 2016
Slide 1: 3Q16 Conference Call
3Q16 Conference Call Oct. 27, 2016
Slide 2: Cautionary Statement
Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues, earnings, business strategies, competitive position or other aspects of our operations, operating results or the industries or markets in which
Slide 3: Don Wallette, Jr. – EVP, Finance, Commercial and CFO
Don Wallette, Jr. EVP, Finance, Commercial and CFO
Slide 4: 3Q16 Summary
3Q16 Summary Operational Financial Strategic • 4% production growth year- • $0.8B adjusted loss; • Continued to progress exit from over-year1 $0.66 adjusted EPS loss deepwater exploration; signed SPA for blocks offshore Senegal • Safely executed major • $1.2B CFO2 covered capital turnarounds across
Slide 5: Performance – Adjusted Earnings
3Q16 Performance – Adjusted Earnings Highlights • Strong operational performance (466) Adjusted (826) • Year-over-year earnings negatively impacted by lower (985) realizations and equity earnings Earnings ($MM) • Sequential earnings benefited from improved realizations 3Q16 Adjusted Earnings ($MM) L
Slide 6: Production
3Q16 Production 56 17 70 Liquids 38 Liquids 15 APLNG Gas 46 N.A. Gas 55 Other Gas (28) Total 70 Total 56 1,557 1,554 1,484 3Q15 Dispositions¹ 3Q15 Adjusted for Downtime Net Increase 3Q16 Dispositions All volumes in MBOED. 1 Dispositions reflect impact from assets sales in Lower 48, Canada, Polar Lig
Slide 7: YTD Performance – Company Cash Flow
3Q16 YTD Performance – Company Cash Flow 3Q16 YTD Marker Prices $B • Brent $41.77/BBL • WTI $41.21/BBL • Henry Hub $2.29/MMBTU 3.8 3Q16 • Debt of $28.7B • Debt-to-capital ratio of 44% 3.1 0.4 3.9 0.6 0.9 4.3 2.4 2016 Beginning CFO Excluding Total Working Disposition Debt Capital Dividends 3Q16 Endin
Slide 8: Al Hirshberg – EVP, Production, Drilling and Projects
Al Hirshberg EVP, Production, Drilling and Projects
Slide 9: Operating Highlights
3Q16 Operating Highlights • 3Q16 production of 1,557 MBOED vs. 1,484 MBOED in 3Q151 • Completed major turnarounds in Alaska and Europe • Resilient Lower 48 unconventional production • In Canada, Surmont fully recovered from wildfire impacts • Achieved first production at APLNG Train 2 FIRST • Contin
Slide 10: What to Watch
What to Watch • Successfully delivering on operating plan $5.2B 2016 CAPITAL GUIDANCE • Raising midpoint of 2016 full-year production guidance to 1,565 MBOED • Full-year 2016 production guidance: 1,560 to 1,570 MBOED $6.6B 2016 ADJUSTED • 4Q16 production guidance: 1,555 to 1,595 MBOED OPERATING COST
Slide 11: Q&A
Q&A