Page 1

ConocoPhillips $ Millions , Except as Indicated CONSOLIDATED INCOME STATEMENT Revenues and Other Income Sales and other operating revenues Equity in earnings of affiliates Gain ( loss ) on dispositions Other income ( loss ) Total Revenues and Other Income Costs and Expenses Purchased commodities Production and operating expenses Selling , general and administrative expenses Exploration expenses Depreciation , depletion and amortization Impairments Taxes other than income taxes Accretion on discounted liabilities Interest and debt expense Foreign currency transactions ( gain ) loss Other expenses Total Costs and Expenses Income ( loss ) before income taxes Income tax provision ( benefit ) Net Income ( Loss ) Less : net income attributable to noncontrolling interests Net Income ( Loss ) Attributable to ConocoPhillips Net Income ( Loss ) Attributable to ConocoPhillips Per Share of Common Stock ( dollars ) Basic Diluted INCOME ( LOSS ) BEFORE INCOME TAXES Alaska Lower 48 Canada Europe , Middle East and North Africa Asia Pacific Other International Corporate and Other Consolidated EFFECTIVE INCOME TAX RATES Alaska * Lower 48 Canada Europe , Middle East and North Africa Asia Pacific Other International Corporate and Other 1st Qtr Consolidated * Alaska including taxes other than income taxes . 6,158 234 ( 42 ) ( 1,539 ) 4,811 2,661 1,173 ( 3 ) 188 1,411 521 250 67 202 ( 90 ) ( 6 ) 6,374 ( 1,563 ) 148 ( 1,711 ) ( 28 ) ( 1,739 ) ( 1.60 ) ( 1.60 ) 107 ( 562 ) ( 150 ) 311 445 27 ( 1,741 ) ( 1,563 ) 24.3 % 22.3 % 26.8 % 35.3 % 32.7 % -2.0 % 2nd Qtr -1.9 % 2,749 77 596 594 4,016 1,130 1,047 156 97 1,158 ( 2 ) 141 66 202 7 ( 7 ) Average Common Shares Outstanding ( in thousands ) * Basic 1,084,561 1,076,659 1,077,377 1,073,580 1,078,030 1,084,561 1,077,606 1,077,377 1,073,580 1,078,030 * Ending Common Shares Outstanding is 1,339,082 as of June 30 , 2021 , compared with 1,072,566 as of Jun . 30 , 2020 . Diluted 3,995 21 ( 257 ) 278 ( 18 ) 260 0.24 0.24 ( 195 ) ( 471 ) ( 177 ) ( 60 ) 702 ( 5 ) 227 21 27.6 % 22.5 % 51.8 % 142.3 % 5.2 % -2.6 % 18.7 % Second - Quarter 2021 Detailed Supplemental Information 2021 3rd Qtr -9.5 % -1330.4 % 61.2 % -18.9 % 2020 3rd Qtr 4,386 35 ( 3 ) ( 38 ) 4,380 1,839 963 96 125 1,411 2 179 62 200 ( 5 ) 20 4,892 ( 512 ) ( 62 ) ( 450 ) ( 450 ) ( 0.42 ) ( 0.42 ) ( 30 ) ( 105 ) ( 100 ) 113 84 47.6 % 25.0 % 24.9 % 19.0 % 70.0 % 4th Qtr Full Year 28.7 % 15.9 % 5,491 86 ( 2 ) 474 6,049 12.0 % 126.4 % 2,448 1,161 181 1,047 1,541 292 184 57 202 16 6 ( 11 ) ( 463 ) ( 512 ) ( 1,086 ) 7,135 ( 1,086 ) ( 314 ) ( 772 ) ( 772 ) ( 0.72 ) ( 0.72 ) ( 857 ) ( 362 ) ( 84 ) 221 70 ( 96 ) 22 25.0 % 33.2 % 33.4 % 40.9 % 75.9 % 17.9 % -361.1 % 18,784 432 549 ( 509 ) 19,256 28.9 % 16.9 % 8,078 4,344 430 1,457 5,521 813 754 252 806 ( 72 ) 13 22,396 ( 3,140 ) ( 485 ) ( 2,655 ) ( 46 ) ( 2,701 ) ( 2.51 ) ( 2.51 ) ( 975 ) ( 1,500 ) ( 511 ) 585 1,301 ( 85 ) ( 1,955 ) ( 3,140 ) 26.2 % 25.2 % 36.2 % 23.3 % 22.6 % 24.3 % 3.9 % 15.4 % -15.1 % 1st Qtr 9,826 122 233 378 10,559 4,483 1,383 311 84 1,886 ( 3 ) 370 62 226 19 24 8,845 1,714 732 982 982 0.75 0.75 217 609 16 511 432 ( 5 ) ( 66 ) 1,714 26.8 % 1,300,375 1,348,637 1,302,691 1,353,201 23.2 % 33.7 % 70.1 % 26.6 % 28.0 % -85.1 % 2nd Qtr 42.7 % 50.3 % 9,556 139 59 457 10,211 2,998 1,379 117 57 1,867 2 381 63 220 10 37 7,131 3,080 989 2,091 2,091 1.55 1.55 480 1,502 135 697 289 ( 6 ) ( 17 ) 3,080 22.8 % 21.7 % 24.9 % 70.3 % 39.4 % 7.6 % 496.6 % 32.1 % 38.8 % 4th Qtr YTD 19,382 261 292 835 20,770 7,481 2,762 428 141 3,753 ( 1 ) 751 125 446 29 61 15,976 4,794 1,721 3,073 3,073 2.32 2.31 1,324,639 1,329,507 697 2,111 151 1,208 721 ( 11 ) ( 83 ) 4,794 24.1 % 22.1 % 25.8 % 70.2 % 31.7 % 17.6 % 33.5 % 35.9 % 42.8 % 1 of 9