ConocoPhillips · NYSE:COP
ConocoPhillips — Investor Day (2009)
12 slides from ConocoPhillips's investor day presentation, Dec 22, 2009
Slide 1: Appendix
Appendix Se ConocoPhillips —_
Slide 2: Definitions
Definitions RESOURCE The company uses the term “resources” in this presentation. The company has estimated its total resources based on a system developed by the Society of Petroleum Engineers. The system classifies recoverable hydrocarbons into six categories based on their status at the time of re
Slide 3: Definitions (continued)
Definitions (continued) CAPITAL PROGRAM Capital Program includes capital expenditures and investments, loans to affiliates, and obligations to fund the upstream business venture with EnCana. CAUTIONARY NOTE TO U.S. INVESTORS Cautionary Note to U.S. Investors – The U.S. Securities and Exchange Commis
Slide 4: COP Non-GAAP Reconciliations
COP Non-GAAP Reconciliations 2003 2004 2005 2006 2007 2008 GAAP E&P Net Income - $MM 4,302 5,702 8,430 9,848 4,615 (13,479) GAAP E&P Net Income - $ / BOE 7.33 9.97 14.79 13.78 6.73 (20.59) non-core earnings impacts - $MM gains and (losses) on asset dispositions 565 590 asset impairments (118) (4,752
Slide 5: COP Non-GAAP Reconciliations
COP Non-GAAP Reconciliations 2003 2004 2005 2006 2007 2008 GAAP E&P CFOA - $MM 7,751 9,109 12,126 16,978 16,228 20,976 GAAP E&P CFOA - $ / BOE 13.20 15.92 21.27 23.77 23.65 32.04 excluded GAAP items - $MM non-cash working capital 356 221 31 244 393 389 non-working capital adjustments* 573 267 350 77
Slide 6: Peer Capital Employed
Peer Capital Employed XOM CVX BP TOT** Equity issued for purchase* 72,795 35,690 49,091 65,055 Less: Equity of companies acquired (19,015) (14,330) (15,682) (20,458) Excess Capital Employed under 53,780 21,360 33,409 44,597 Purchase Accounting Peer Group: ExxonMobil, Chevron, BP, TOTAL and Royal Dut
Slide 7: North America Programs
North America Programs Working Acreage2 Area 2008 Production Interest1 ‘000 (MBOED) Acres San Juan Basin ~80% 1,300 192 Permian Basin ~87% 310 50 Lobo ~90% 450 47 Lower 48 Panhandle / Anadarko ~80% 1,500 41 Bossier ~100% 80 24 Barnett ~94% 110 16 Elmworth ~85% 990 36 Kaybob ~60% 560 23 Grande Prairi
Slide 8: Major Projects
Major Projects Gross Peak Start- Current Region Significant Project WI% Production Up Project Phase MBOED Canada Foster Creek 1D 50 30 1 Construction Foster Creek 1E 50 30 1 Construction Asia Pacific Bohai Phase II 49 173 Construction 2009- North Belut 40 64 Construction 2010 Su Tu Den Northeast 23
Slide 9: Major Projects
Major Projects Gross Peak Start- Current Region Significant Project WI% Production Up Project Phase MBOED Asia Pacific Suban 3 54 33 Optimize South Sumatra 54 24 Appraise Kebabangan 30 1 145 Optimize Malikai 35 47 Optimize Gumusut-Kakap 33 129 Construction Sunrise 30 148 Appraise 2011+ APLNG 50 2 36
Slide 10: Major Projects
Major Projects Gross Peak Start- Current Region Significant Project WI% Production Up Project Phase MBOED Canada Christina Lake C 50 40 1 Construction Christina Lake D 50 40 1 Define Surmont 2 50 84 Optimize Surmont 3-6 50 254 Optimize Thornbury 1-2 100 92 Optimize 2011+ Clyden 1 100 46 Appraise Sal
Slide 11: Major Projects
Major Projects Gross Peak Start- Current Region Significant Project WI% Production Up Project Phase MBOED Alaska ANS Gas 36 660 Appraise Prudhoe WRD 1 36 22 Define Kuparuk Viscous Oil 2 56 23 Appraise / Define Mooses Tooth Oil & 78 30 Appraise Fiord West 2011+ Middle East / North Algeria – El Merk (
Slide 12: Major Projects
Major Projects Gross Peak Start- Current Region Significant Project WI% Production Up Project Phase MBOED North Sea Jasmine 37 85 Appraise Ekofisk South 35 71 Optimize Eldfisk II 35 75 Optimize Tor Redevelopment 31 42 Appraise Tommeliten 28 53 Appraise Clair II 24 100 Appraise 2011+ Russia / Caspian