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ConocoPhillips
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2016 Operating Plan: Analyst & Investor Update
| Ryan Lance; Matt Fox; Jeff Sheets | Page 9 of 11 |
November 23, 2024
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"2016 Operating Plan: Analyst & Investor Update"
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9 Lower Capital Spending, Lower Cost Structure and Modest Growth 2016E: $7.7B Capital 2016E: 1,530 – 1,560 MBOED Capital Production Production excludes Libya and is normalized for asset sales. Operating costs excludes special items and is a non-GAAP measure. A non-GAAP reconciliation is available on our website. $4 $8 $12 $16 $20 2014 2015E 2016E 1,200 1,300 1,400 1,500 1,600 2014 2015E 2016E 55% REDUCTION ~3% CAGR 2016E: $7.7B Operating Costs Operating Costs $6 $8 $10 2014 2015E 2016E ~20% REDUCTION