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ConocoPhillips
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January 2015 Investor Update
| Ryan Lance | Page 17 of 11 |
November 23, 2024
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"January 2015 Investor Update"
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Resilient Value Proposition Foster Creek • Growth and returns with a competitive dividend • Well positioned for current environment • Announced 2015 capital budget of $13.5 B • Major project capital rolling off • Significant flexibility in development programs • Priorities: • Competitive dividend • Maintain financial strength • Focus on cash flow neutrality • ~3% production 1 growth in 2015 Exploration & Appraisal Major Projects Development Programs Exploration & Appraisal 2013 20 Major Projects Development Programs Base Maintenance Base Maintenance 1 Production represents continuing operations, excluding Libya. Chart based on 2014 Analyst Meeting.