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ConocoPhillips
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2016 Operating Plan: Analyst & Investor Update
| Ryan Lance; Matt Fox; Jeff Sheets | Page 7 of 11 |
November 23, 2024
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"2016 Operating Plan: Analyst & Investor Update"
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$0 $20 $40 $60 $80 $100 $120 2015 Capital Release: $13.5B 2015: ConocoPhillips Acted Decisively Through Downturn Brent Price $/BBL 4Q Call 2015 Capital: $11.5B 2Q Call Deepwater Update • Exercised capital flexibility • Captured deflation across supply chain • Accelerated operating cost savings • Phased exit of deepwater exploration • Strengthened balance sheet with non-core asset sales • Increased the dividend 3Q Call 2015 Capital: $10.2B ~$B CAPITAL REDUCTION 2015E vs. 2014 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15