ConocoPhillips · NYSE:COP
ConocoPhillips — Shareholder Meeting (May 2021)
11 slides from ConocoPhillips's shareholder meeting presentation, May 11, 2021
Slide 1: Virtual Annual Meeting of Stockholders — Agenda
ConocoPhillips Virtual Annual Meeting of Stockholders — Agenda 1 WELCOME AND OPENING REMARKS 2 CONOCOPHILLIPS BUSINESS REVIEW 3 CALL TO ORDER/ITEMS OF BUSINESS 4 Q&A SESSION/VOTING 5 CLOSE POLLS/VOTING RESULTS 6 ADJOURNMENT ConocoPhillips 1
Slide 2: Annual Meeting of Stockholders
ConocoPhillips ANNUAL MEETING OF STOCKHOLDERS ey oon MAY 11, 2021
Slide 3: Cautionary Statement
Cautionary Statement This presentation contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and
Slide 4: Rising to the Challenges of 2020: Performance with a Purpose
Rising to the Challenges of 2020: Performance with a Purpose SAFETY PERFORMANCE m@ ENVIRONMENTAL, go bY SOCIAL & GOVERNANCE a Paris-aligned climate risk framework Managed global pandemic response to protect worker health, mitigate the spread of COVID-19 and support the business water, biodiversity,
Slide 5: Value Proposition to Deliver Superior Returns Through Cycles
Value Proposition to Deliver Superior Returns Through Cycles FOUNDATIONAL PRINCIPLES C) all BALANCE SHEET STRENGTH gi; cool Gg FREE CASH FLOW PEER-LEADING GENERATION DISTRIBUTIONS ESG EXCELLENCE ° Loe} ao Free cash flow and cash from operations (CFO) are non-GAAP measure! CLEAR PRIORITIES PRIORITY i
Slide 6: 2020 Highlights
2020 Highlights 44486 STRATEGY Enhanced strategic and financial framework via Concho acquisition Continued portfolio high-grading with asset sales in Australia & U.S. Returned 53% of CFO* to shareholders First U.S. E&P to commit to Paris- aligned climate risk framework FINANCIAL Generated $5.2B CFO!
Slide 7: World's Largest Independent E&P
WORLD’S LARGEST INDEPENDENT E&P SECTOR MANDATES 2021 FOCUS AREAS e PROVIDING AFFORDABLE ENERGY TO POWER CIVILIZATION Integrating Concho; capturing synergy upside $5.5B capital expenditures DELIVERING STRONG FY21 production of 1.5 MMBOED @ FINANCIAL PERFORMANCE Strengthen balance sheet; return >30% o
Slide 8: Ryan Lance, Chairman and CEO
ConocoPhillips grin ee RYAN LANCE Le Ae hey: CHAIRMAN AND CEO
Slide 9: Items of Business
Items of Business 1 ELECTION OF DIRECTORS 2 RATIFICATION OF APPOINTMENT OF ERNST & YOUNG 3 ADVISORY APPROVAL OF EXECUTIVE COMPENSATION 4 SIMPLE MAJORITY VOTE STANDARD 5 EMISSION REDUCTION TARGETS ConocoPhillips 9
Slide 10: ‘ ree oe ee Oe pie ea ne ee et ie ee a ee
ConocoPhillips ‘ ree oe ee Oe pie ea ne ee et ie ee a ee ee
Slide 11: Annual Meeting of Stockholders
ConocoPhillips ANNUAL MEETING OF STOCKHOLDERS ey oon MAY 11, 2021