ConocoPhillips · NYSE:COP
ConocoPhillips — Investor Presentation (December 2021)
7 slides from ConocoPhillips's investor presentation, Dec 6, 2021
Slide 1: 2022 Capital Expenditures & Returns of Capital
ConocoPhillips 2022 Capital Expenditures & re ecm gohan age EN SUPPLEMENTARY MATERIAL ; e - an - . . . ” waa 7 DEC. 6 , 20 21 _
Slide 2: Forward-Looking Statement
Forward-Looking Statement This presentation contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results
Slide 3: Our 2022 Operating Plan is Consistent with Time-Tested Fundamentals
Our 2022 Operating Plan is Consistent with Time-Tested Fundamentals FOUNDATIONAL PRINCIPLES IC) alal BALANCE SHEET STRENGTH iA aool Ss] DISCIPLINED PEER-LEADING INVESTMENTS DISTRIBUTIONS ESG EXCELLENCE V9 Oo! ’Scope 1 and 2 emissions on a net equity and gross operated basis. Cash from operations (CF
Slide 4: Entering 2022 with Exceptional and Durable Strength
Entering 2022 with Exceptional and Durable Strength Preliminary 2022 capital Consistent with June 2021 Market Update; expenditures budget of ~$7.2B* includes $0.7B for acquired Permian assets Preliminary 2022 production Low single-digit pro forma underlying guidance of 1.8 MMBOED* growth? expands CF
Slide 5: 2022 Preliminary Capital Expenditures & Production Guidance
2022 Preliminary Capital Expenditures & Production Guidance CAPITAL ($B) ~$0.7 as -_ P| $5.3 Bt ~S0.2 | isso Consistent with guidance at time ———l Investments include: of announcement Reflects June (elise * Scope 1 and 2 Current inflation 2021 Market MVonceine projects such assumption; full Desccene
Slide 6: Enhancing Proven Returns Framework with Addition of Variable 3rd Tier
Enhancing Proven Returns Framework with Addition of Variable 3rd Tier RETURNING >30% OF CFO TO SHAREHOLDERS THROUGH CYCLES PROVEN TRACK RECORD OF EXCEEDING DISTRIBUTION TARGET TIER 1: ORDINARY DIVIDEND TIER 2: SHARE REPURCHASES TIER 3: VARIABLE RETURN OF CASH (VROC) Considerations = Competitive ordi
Slide 7: The Three-Tier Framework — Meeting Our Commitment Through Cycles
The Three-Tier Framework — Meeting Our Commitment Through Cycles = Set expected annual total return of capital based ante 1Q2022 CASH VROC OF $0.20/SH = Allocate total return of capital among Tiers 1/2/3 2022 EXPECTED RETURNS OF CAPITAL = All tiers reviewed on quarterly basis AS OF DECEMBER 6, 2021
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