ConocoPhillips · NYSE:COP
ConocoPhillips — Shareholder Meeting (May 2019)
13 slides from ConocoPhillips's shareholder meeting presentation, May 14, 2019
Slide 1: 2019 Annual Meeting of Stockholders
2019 ANNUAL MEETING OF STOCKHOLDERS M AY 1 4 , 2 0 1 9
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: Ryan Lance, Chairman & CEO
ConocoPhillips RYAN LANCE CHAIRMAN & CEO
Slide 4: Agenda
Agenda 1 Value Proposition to Stockholders 2 2018 Review 3 2019 Business Plan 4 Closing Remarks 4
Slide 5: Our Value Proposition Delivers Superior Returns Through Cycles
Our Value Proposition Delivers Superior Returns Through Cycles THE RIGHT PORTFOLIO CONSISTENT PRINCIPLES DISCIPLINED PRIORITIES Low Invest capital to sustain Low Cost Returns Focused 1st Sustaining RETURNS production and pay of Supply Capital PRIORITY existing dividend 2nd Annual dividend growth Str
Slide 6: Our Value Proposition Delivers Superior Returns Through Cycles
Our Value Proposition Delivers Superior Returns Through Cycles RESILIENCE, WITH UPSIDE ConocoPhillips Works ConocoPhillips Works at Lower Prices at Higher Prices ► <$40/BBL1 sustaining price ► Torque from advantaged realizations and margins ► Growing inventory of <$40/BBL1 ► Predominantly tax and ro
Slide 7: Relentless Focus on Execution Excellence
Relentless Focus on Execution Excellence 2018 Operations 2018 HSE ► Maintained record personal safety performance DELIVERED ON PRIORITIES ► A safety leader in peer group ► Grew underlying production > 5% ► Continue to focus on personal and process safety ► Lower year-over-year adjusted operating cos
Slide 8: 2018 Highlights – Delivering on Our New Order Value Proposition
2018 Highlights – Delivering on Our New Order Value Proposition Strategy Financials Operations Portfolio ► Delivered on priorities ► $6.3B earnings, $5.32 EPS; ► Safely executed capital ► Completed high-value $5.3B adjusted earnings1, program scope acquisitions in Alaska ► Achieved 12.6% ROCE1 $4.54
Slide 9: World-Class Diverse, Global Portfolio is a Key Differentiator
World-Class Diverse, Global Portfolio is a Key Differentiator Largest Alaska Independent E&P Norway 1.3 MMBOED1 Canada U.K U.S. Lower48 China World Class Qatar Resource 16 BBOE <$30/BBL Colombia Malaysia Avg CoS2 Timor-Leste Indonesia Chile Australia $6.1B Capital Budget In 2019 1 YE2018. Largest in
Slide 10: 2019: Sticking to the Plan & Keeping Our Discipline
2019: Sticking to the Plan & Keeping Our Discipline ► FY19 production 1,300 - 1,350 MBOED ► $3B planned buybacks, plus growing dividend ► ESG performance remains a top priority Alaska Bohai Phase 4 Advance GMT-2; Willow and Narwhal Expect FID in 2019 appraisal drilling Montney QG Expansion Progress
Slide 11: ESG Performance Remains a Top Priority
ESG Performance Remains a Top Priority Environmental Sustainable Development Governance Board of Directors Public Policy Committee Executive Leadership Team (ELT) ELT Champions for Human Rights, Stakeholder Engagement, Water, Biodiversity, Climate Change Sustainable Leadership Team (ELT) Social Sust
Slide 12: Positioned for Differential Value Creation
Positioned for Differential Value Creation Smart Growth ► Focused on disciplined CFO growth per debt-adjusted share ► Enabled by low sustaining price and low cost of supply ► World-class portfolio; 16 BBOE of resource Superior Returns ► Strong free cash flow generation across range of prices ► Diffe
Slide 13: Ryan Lance, Chairman & CEO
ConocoPhillips RYAN LANCE CHAIRMAN & CEO