ConocoPhillips — Q2 2020 Earnings Presentation

5 slides from ConocoPhillips's earnings presentation, Jul 30, 2020

Slide 1: ConocoPhillips
ConocoPhillips JULY 30, 2020
Slide 2: Cautionary Statement
Cautionary Statement This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events and anticipated results of believe," “budget,” "continue, operations, business strategies, and other aspects of our operations o
Slide 3: 2Q20 Earnings Summary
2Q20 Earnings Summary ADJUSTED EARNINGS (S MILLIONS) 1,143 486 2Q19 1Q20 2Q20 aia $1.01 $0.45 ($0.92) AVERAGE REALIZED $50.50 $38.81 $23.09 PRICE ($/BOE) PRODUCTION EXCL 1,290 1,278 981 LIBYA (MBOED) Adjusted earnings and adjusted EPS are non-GAAP measures. Definitions and reconciliations are availa
Slide 4: 2Q20 Curtailment Perspective
2Q20 Curtailment Perspective NET ESTIMATED CURTAILED PRODUCTION (MBOED) = Safely executed production curtailments of ~225 MBOED = Clear economic rationale and criteria = Expect to realize higher future cash flow from volumes we L48 EAGLE elected to curtail oe = Strong balance sheet enabled us to for
Slide 5: 2H20 ConocoPhillips Operational Outlook
2H20 ConocoPhillips Operational Outlook (100) (200) (300) NET ESTIMATED CURTAILMENTS (MBOED) (400) (500) Production curtailments are stated on a net basis and represent estimated production curtailed during 20 2020 and estimated volumes expected to be curtailed during 30.2020 based on latest forecas