Crude Oil NGL Bitumen Natural Gas Total Area Interest Operator (MBD) (MBD) (MBD) (MMCFD) (MBOED)

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1 Fact Sheet March 215 The company s Canadian operations are comprised primarily of natural gas fields in western Canada and oil sand projects in the Athabasca region of northeastern Alberta. Current investment programs are focused on liquids-rich and tight oil plays in western Canada, with minimal investment in dry gas. The company also holds significant acreage in emerging unconventional plays, where drilling and seismic activities are ongoing to assess potential. The business has a long-term strategic plan to develop a full portfolio that includes bitumen, liquids, light oil and natural gas. ConocoPhillips steam-assisted gravity drainage (SAGD) projects in the Canadian oil sands represent a net resource of 15 billion barrels that offers growing, long-lived production. These are projects where technology improvements can contribute significant economic and environmental benefits to the large resource base and add value to the company s portfolio. 214 Production 284 Thousand barrels of oil equivalent per day 214 Proved Reserves 2.5 Billion barrels of oil equivalent ConocoPhillips Average Daily Net Production, 214 Crude Oil NGL Bitumen Natural Gas Total Area Interest Operator (MBD) (MBD) (MBD) (MMCFD) (MBOED) Deep Basin Various Various Kaybob-Edson Various Various Clearwater Various Various Plains Various Various Western Canada Total Surmont 5.% ConocoPhillips Foster Creek* 5.% Cenovus Energy Christina Lake* 5.% Cenovus Energy Oil Sands Total Canada Total * Equity affiliate Foster Creek and Christina Lake (FCCL). 214 Production Mix Production Production Capital Capital 214 Production 214 Capital Program 42% Natural Gas 5% Crude Oil 8% NGL MBOED $ Millions % Bitumen 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q See page 8 for Cautionary Statement pertaining to the use of this fact sheet. 1

2 Fact Sheet March 215 Western Canada ConocoPhillips is one of the top natural gas producers in Canada. In 214, total net production averaged 155 MBOED. Operations are located primarily in Alberta and British Columbia, with some production in Saskatchewan. The company has an ownership position in approximately 8 natural gas processing facilities in the region. As of Dec. 31, 214, the company held leasehold rights of 5.7 million net acres in western Canada. Deep Basin ConocoPhillips is one of the largest operators and producers in the Deep Basin, located in northwest Alberta and northeast British Columbia. As of Dec. 31, 214, the company held leasehold rights of 1.4 million net acres in this area. The Deep Basin provides production potential from 14 prospective geological formations. It is a mature area that was historically developed with conventional vertical well technology. ConocoPhillips has shifted to horizontal drilling in its development programs to unlock the vast resource potential in the tight sand plays. The company drilled 12 horizontal wells in 214, which were all liquids-rich opportunities. The primary processing facility in the Deep Basin is the ConocoPhillips-operated Elmworth Plant. The company holds significant working interests in seven other major natural gas processing facilities in the region. In 214, net production in the Deep Basin averaged 44 MBOED. Western Canada B eaufort ALBERTA Deep Basin Kaybob-Edson SASKATCHEWAN Edmonton YUKON Clearwater Calgary 2 NORTHWEST TERRITORIES NUNAVUT Labrador ALBERTA MANITOBA SASKATCH- EWAN 5 ConocoPhillips Acreage 2

3 Elmworth Gas Plant. Kaybob-Edson As of Dec. 31, 214 the company held leasehold rights of.9 million net acres in the Kaybob-Edson Area, which is situated southeast of the Deep Basin in west-central Alberta. Target development is in the Triassic and Lower Cretaceous formations where the industry has de-risked several highly-prolific zones in offsetting acreage. The company drilled 36 horizontal wells in 214, focusing development efforts on higher-margin plays with liquids-rich content. In the Kaybob-Edson Area, natural gas processing is mostly controlled by midstream operators and other oil and gas companies. ConocoPhillips has secured favorable longerterm contracts to manage both existing base and new development volumes. Net production in Kaybob-Edson averaged 41 MBOED in 214. Clearwater The Clearwater Area is also situated in westcentral Alberta, south of Kaybob-Edson. As of Dec. 31, 214, the company held leasehold rights of.8 million net acres. ConocoPhillips assets in the Clearwater Area are characterized by multi-horizon reservoirs at medium depths ranging from 6,5 feet to 1, feet, all with high-liquids content. This is a mature area historically developed with conventional vertical well technology, giving the company a series of low-risk horizontal drilling development programs. In 214, the company drilled 39 horizontal wells. The company operates several natural gas processing facilities in the area including Peco, Wolf, Sand Creek, Alder and Rimbey. Average net production was 41 MBOED in 214. Plains Assets outside of the three core development areas are focused on production optimization. As of Dec. 31, 214, the Plains assets held 2.6 million net acres. Average production was 29 MBOED in

4 Fact Sheet March 215 Oil Sands ConocoPhillips holds approximately.9 million net acres of land in the Athabasca Region of northeastern Alberta. The significant bitumen deposits on these lands are estimated to contain approximately 15 billion net barrels of resources, making ConocoPhillips the holder of one of the largest land and resource positions in the region. ConocoPhillips bitumen resources in Canada are produced using SAGD technology. SAGD involves injection of steam into the reservoir, effectively liquefying the heavy bitumen, which then is recovered and pumped to the surface for further processing. ConocoPhillips net bitumen production from the Surmont operations and FCCL Partnership has grown by an average of 24 percent annually over the past three years. This resulted in production of 129 MBD in 214, ranking it second among SAGD producers in Canada. ConocoPhillips has a number of ongoing development projects and further opportunities in these assets. Thornbury, Crow Lake, McMillan Lake and Saleski Operator: ConocoPhillips (1%) ConocoPhillips holds other lands in the Athabasca Region that contain substantial bitumen resources. These resources have been evaluated using 2-D and 3-D seismic surveys and well data. The resources are expected to be developed using SAGD technology. Oil Sands 25 Saleski (WI 1%) Fort McMurray Anzac Thornbury (WI 1%) McMillan Lake (WI 1%) 63 Surmont (WI 5%) Crow Lake (WI 1%) 881 Narrows Lake (WI 5%) Christina Lake (WI 5%) YUKON Beaufort NORTHWEST TERRITORIES ALBERTA NUNAVUT Labrador MANITOBA 858 Foster Creek (WI 5%) SASKATCH- EWAN 5 ConocoPhillips Acreage Highways 4

5 Surmont 2 development in northeastern Alberta. Surmont Operator: ConocoPhillips (5.%) Co-venturer: Total (5.%) The Surmont Project is an important part of the company s oil sands portfolio, located in the Athabasca Region of northeastern Alberta, approximately 35 miles southeast of Fort McMurray. The project began as a pilot project with the construction of a small SAGD facility located near the company s current operations. The pilot was built in 1997 and is still in use today to support existing operations and test new technology applications. Commercial production from Surmont 1 began in 27. In the second quarter of 214, a new quarterly gross production record of 3 MBD was achieved for this field. In 21, ConocoPhillips commenced construction of Surmont 2, with first-steam expected in mid-215. Following startup, Surmont s total gross production capacity is estimated to be 15 MBD, with peak production anticipated by 217. The Surmont lease has the potential for significant additional future expansions. Over the life of this 4-year project, Surmont will provide many social and economic benefits to the area. 5

6 Fact Sheet March 215 FCCL Partnership Operator: Cenovus Energy (5.%) Co-venturer: ConocoPhillips (5.%) ConocoPhillips has a 5/5 upstream business venture with Cenovus Energy. The partnership includes Foster Creek, Christina Lake, Narrows Lake and other properties located on the eastern flank of the Athabasca region. Foster Creek Gross production at Foster Creek averaged approximately 118 MBOED 1 in 214; an increase of 12 percent compared with 213. Foster Creek Phase F achieved first production in the third quarter of 214. In 21, FCCL received regulatory approval for Phases G and H, and these phases were sanctioned in May 211. First production at Phase G is anticipated in 216, with Phases G and H expected to each add 3 MBOED 1 of gross production capacity with an additional 5 MBOED 1 from potential optimization. Regulatory approval for Phase J was received in the fourth quarter of 214. Foster Creek development. Christina Lake Gross production at Christina Lake averaged approximately 138 MBOED 1 in 214; an increase of roughly 4 percent compared with 213. Construction of Phase E was sanctioned in June 211, with first production achieved in July 213. Christina Lake Phase F was sanctioned late in 212 and is expected to commence production in the second half of 216, adding 5 MBOED 1 gross of additional plant capacity. Narrows Lake FCCL s next major development, Narrows Lake Phase A, was sanctioned in late 212 and is expected to have 45 MBOED 1 of production capacity. Christina Lake development. 1 Operator s forecast reflecting gross production before royalties. 6

7 Exploration and Business Development ConocoPhillips holds interests in unconventional exploration areas, Arctic Canada and Atlantic Canada. ConocoPhillips has been one of the principal players in the Beaufort and Mackenzie Delta areas since the late 196s and is the operator of the Amauligak and Parsons Lake discoveries. In the second quarter of 214 the company recorded an impairment for the Amauligak, Arctic Islands and other Beaufort properties after a decision not to pursue future development at this time. However, the company remains committed to the potential of the area as technology develops and the price environment improves. 1 Montney, Muskwa and Duvernay acreage is included in total Western Canada acreage. Canada Exploration and Business Development Unconventional Exploration Areas As of Dec. 31, 214, the company held 679, 1 net acres in unconventional exploration plays. During 214, the company continued to drill unconventional test wells in the Duvernay, located in Alberta; the Canol shale, located in the Northwest Territories; and the Montney play, which extends from British Columbia into Alberta. Arctic Canada Beaufort /Mackenzie Delta In the Beaufort and Mackenzie Delta, ConocoPhillips holds interests in 5 significant discovery licenses and one exploration license. At Dec. 31, 214, the total leasehold for the Beaufort and Mackenzie Delta region was approximately 672, net acres. The region includes Amauligak and Parsons Lake, the first and second largest oil and gas discoveries in the area, respectively, as well as Umiak. Arctic Islands In the Arctic Islands, ConocoPhillips holds interests in 14 significant discovery licenses. At Dec. 31, 214, the total leasehold for the Arctic Islands region was approximately 158,5 net acres. Atlantic Canada As of Dec. 31, 214, the total leasehold for the Atlantic Canada region was approximately 2. million net acres. In December 214 the company participated in a successful bid for one exploration license covering.2 million net acres located in the Flemish Pass Basin, offshore Newfoundland. In January 215 the company was awarded the license with a 3 percent nonoperated interest. ConocoPhillips also holds interests in five significant discovery licenses and eight exploration licenses in the region. Two exploration licenses are located in the southern Grand Banks area. In 214, ConocoPhillips farmed in to six exploration licenses in the waters offshore Nova Scotia, adding 1.5 million net acres. Pending regulatory approval, the company anticipates drilling will begin in the second half of 215. Beaufort /Mackenzie Delta Amauligak Inuvik Muskwa Umiak Parsons Lake 5 ALASKA YUKON Beaufort NORTHWEST TERRITORIES NUNAVUT Unconventional Plays 2 ALBERTA ALBERTA Atlantic Canada MANITOBA Montney Canol St. John s Arctic Islands Melville Island King Christian Island Lougheed Island Cameron Island 5 Labrador 5 Ellef Ringnes Island Labrador 25 Duvernay Edmonton Halifax French Corridor 2 mile limit 2 5 ConocoPhillips Acreage 7

8 Fact Sheet March 215 CANADA Deep Basin Kaybob-Edson Clearwater Surmont Narrows Lake Christina Lake Foster Creek Calgary TED STATES ALASKA Exploration and Production Key Development or Program Key Office Location Segment Information President, Canada Ken Lueers Office Address Gulf Canada Square 41 9th Avenue S.W. Calgary, Alberta T2P 3C5 Contact Information Media Relations: Corporate Information Chairman of the Board of Directors and Chief Executive Officer Ryan M. Lance ConocoPhillips 6 N. Dairy Ashford Road Houston, Texas 7779 Telephone: Investor Relations 6 N. Dairy Ashford Road Houston, Texas 7779 Telephone: Media Relations 6 N. Dairy Ashford Road Houston, Texas 7779 Telephone: Our Company Values S P I R I T 27 Operations and activities in 27 countries SAFETY PEOPLE INTEGRITY RESPONSIBILITY INNOVATION TEAMWORK (As of Dec. 31,214) CAUTIONARY STATEMENT This fact sheet contains forward-looking statements. We based the forward-looking statements on our current expectations, estimates and projections about ourselves and the industries in which we operate in general. We caution you these statements are not guarantees of future performance as they involve assumptions that, while made in good faith, may prove to be incorrect, and involve risks and uncertainties we cannot predict. In addition, we based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. Accordingly, our actual outcomes and results may differ materially from what we have expressed or forecast in the forward-looking statements. Economic, business, competitive and regulatory factors that may affect ConocoPhillips business are set forth in ConocoPhillips filings with the Securities and Exchange Commission, which may be accessed at the SEC s website at Definition of resources: ConocoPhillips uses the term resources in this document. The company estimates its total resources based on a system developed by the Society of Petroleum Engineers that classifies recoverable hydrocarbons into six categories based on their status at the time of reporting. Three (proved, probable and possible reserves) are deemed commercial and three others are deemed noncommercial or contingent. The company s resource estimate encompasses volumes associated with all six categories. The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. We use the term resource in this fact sheet that the SEC s guidelines prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the oil and gas disclosure in our Form 1-K and other reports and filings with the SEC. 8

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