ConocoPhillips · NYSE:COP
ConocoPhillips — Q3 2020 Earnings Presentation
8 slides from ConocoPhillips's earnings presentation, Oct 29, 2020
Slide 1: ConocoPhillips
ConocoPhillips OCTOBER 29, 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 operations, business strategies, and other aspects of our operations or operating results. Words and
Slide 3: 3Q20 Earnings Summary
3Q20 Earnings Summary ADJUSTED EARNINGS (S$ MILLIONS) OVERVIEW = Sequential adjusted earnings increased due to higher realizations and volumes = Year-over-year adjusted earnings decreased 914 largely due to lower realizations and volumes (331) ein ADJUSTED EARNINGS 3019 3020 (994) $ ALASKA 312 (16)
Slide 4: Cash Flow Summary
3Q20 Cash Flow Summary $ BILLIONS 3Q20 MARKER PRICES = Brent $43.00/BBL = WTI $40.93/BBL = Henry Hub $1.98/MMBTU 0.3 0.5 es J ACQUISITIONS ~0.4 dividends and capital excluding acquisitions 3Q20 BEGINNING CASH & CFO? TOTAL WORKING CAPITAL EXPENDITURES & DEBT DIVIDENDS 3Q20 ENDING CASH SHORT-TERM CAPI
Slide 5: YTD Cash Flow Summary
3Q20 YTD Cash Flow Summary $ BILLIONS 3Q20 YTD MARKER PRICES = Brent $40.83/BBL = WTI$38.28/BBL ® Henry Hub $1.88/MMBTU 3.7 0.6 ACQUISITIONS 70.5 2020 BEGINNING cro? TOTAL WORKING DISPOSITION CAPITAL DEBT DIVIDENDS & OTHER 3Q20 ENDING CASH CASH & SHORT- CAPITAL? PROCEEDS EXPENDITURES & REPURCHASE OF
Slide 6: 2020 Guidance
2020 Guidance GUIDANCE OF OCT. 29, 2020) IMPAIRMENT EXPENSE Guidance excludes special items. Production excludes Libya. Capital expenditures guidance excludes approximately $0.5 billion for closed acquisitions. Adjusted operating cost, adjusted corporate segment net loss, and exploration dry hole an
Slide 7: Q4 2020 Cash Flow Sensitivities
Q4 2020 Cash Flow Sensitivities CONSOLIDATED OPERATIONS EQUITY AFFILIATES* (Applies for Brent price range of $40-55/BBL) (Applies for Brent price range of $40-55/BBL) Ca) = Expect distributions from equity affiliates to begin at $40-45/BBL Brent tO = Brent: ~$4-8MM for $1/BBL change CRUDE NATURAL GA
Slide 8: Q4 2020 Net Income Sensitivities
Q4 2020 Net Income Sensitivities CRUDE = Brent/ANS: ~$25-30MM for $1/BBL change © = WTI: ~$5-10MM for $1/BBL change = WCS: ~$4-6MM for $1/BBL change — Does not incorporate contingent payment of CAS6MM quarterly for every CAS1 WCS price above CA$52/BBL =f) NORTH AMERICAN NGL = Representative Blend: ~