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ConocoPhillips
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2Q 2015 Conference Call
| Ryan Lance | Page 10 of 11 |
November 23, 2024
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"2Q 2015 Conference Call"
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2015 Guidance Update • Expect to achieve higher end of full-year 2-3% production growth target • 3Q production range of 1,5– 1,550 MBOED • Guidance reductions provide a net cash flow benefit of ~$0.9B • Capital expenditures lowered from ~$11.5B to ~$11.0B • Operating costs lowered from ~$9.2B to ~$8.9B • Corporate segment net expense reduced from ~$1.0B to ~$0.9B • Exploration dry hole and impairment expense unchanged at ~$0.8B • DD&A unchanged at ~$9.0B Production represents continuing operations, excluding Libya. Guidance provided on an adjusted for special items basis.