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## Reference 

ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 27 countries, $53 billion in annual revenue, $117 billion of total assets, and approximately 19,100 employees as of Dec. 31, 2014. Production from continuing operations, excluding Libya, averaged 1,532 MBOED in 2014 and proved reserves were 8.9 billion BOE as of Dec. 31, 2014. 

## Units of Measure 

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## Commonly Used Abbreviations 

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## Metric Conversions 

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Certain disclosures in this annual report may be considered“forward-looking” statements. These are made pursuant to“safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The“Cautionary Statement” in the Management’s Discussion and Analysis in ConocoPhillips’ 2014 Form 10-K should be read in conjunction with such statements. 

“ConocoPhillips,”“the company,” “we,”“us” and“our” are used interchangeably in this report to refer to the businesses of ConocoPhillips and its consolidated subsidiaries. 

De fi nition 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 classi fi es 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 fi lings with the SEC, to disclose only proved, probable and possible reserves. We use the terms“resource” and“resources” in this annual report, which the SEC’s guidelines prohibit us from including in fi lings with the SEC. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other reports and fi lings with the SEC. 

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