VENEZUELA

ECUADOR

PERU

ARGENTINA

PUERTO RICO

Houston

NORTHAMERICA

EUROPE

MIDDLE EAST

AFRICA

ASIA

SOUTHAMERICA

TRINIDAD

CHINA

SOUTH KOREA

VIETNAM

SAUDIARABIA

QATAR

NIGERIA

LIBYAALGERIA

MALAYSIA

INDONESIA

AUSTRALIA

Barents Sea

INDIANOCEAN

ATLANTIC OCEAN

Caspian Sea

NorthSea

NorwegianSea

Gulf ofMexico

PACIFIC OCEAN

PACIFIC OCEAN

South China Sea

NatunaSea

Java Sea

TIMOR-LESTE

UNITED STATES – LOWER 48

Calgary

Lagos

Jakarta

Shekou

Beijing Bohai Bay

Xijiang Area

Panyu

Block 15-1Block 15-2

Block B

Corridor PSC

Block J

Perth

SweenyAlliance

MagnoliaGolden Pass LNG

Fort Worth Basin

Bossier Trend

South Louisiana

Lake Charles

TrainerBayway

Wood River

Ponca City Bartlesville

Midland

Farmington

Borger

BillingsWind RiverBasin

Williston BasinFerndale

Portland

Savannah

Sulphur

HartfordSan Francisco

Mackenzie Delta

SyncrudeNorthern Plains

Deep BasinFoothills

Kaybob/Edson

Western CanadianSedimentary Basin

Kenai LNG

Kuparuk

AlpinePrudhoe Bay

Freeport LNGLobo Trend

SurmontChristina LakeFoster Creek

Rimbey/O’ChieseSouthern Plains

Los Angeles

UNITED STATES – ALASKA

Anchorage

SINGAPORE

Melaka

Darwin LNG

Bayu-Undan

IRELAND

NORWAY

UNITED KINGDOM

SWEDEN

AZERBAIJAN

GEORGIA

TURKEY

Polar Lights

Naryanmarneftegaz

Whitegate

MiRO

Wilhelmshaven

KralupyLitvinov Prague

Humber

Qatargas 3

Brass LNG

Kashagan

CZECH REPUBLIC

RUSSIA

Moscow

LondonWarwick

AberdeenTanangerBritannia

Waha

MLN

Ekofisk

J-Block

CMS

Teesside

Hamburg

GERMANY

NETHERLANDSBELGIUM

DENMARK

AUSTRIASWITZERLAND

KAZAKHSTAN

San Juan Basin

Piceance BasinTexas/Oklahoma

Panhandles

Permian BasinAnadarko Basin

Kuala Lumpur

Ho Chi Minh City

Doha

CANADA

TimorSea

Ba Jiao Chang

Exploration Only

Exploration and Production

Production Only

Refining

Marketing

Midstream

Chemicals

Specialty Products

Major E&P Projects/Assets

Commercial Trading Floor

Lubricants Plants

Major Office Locations

Headquarters

Research and Development Centers

GIS Service Desks

Major Pipelines

Exploration Focus Areas

KeyKey

Third-largest integrated energy company in the United States. Sixth-largest proved reserves holder worldwide.* Fifth-largest refiner worldwide,* second-largest in the United States. About 32,700 employees worldwide. 1,751 active patents in about 70 countries.*Of nongovernment-controlled companies.

ConocoPhillips Key Assets, Operations and LocationsAs of June 30, 2007, unless noted otherwise.

Total Revenues and Other Income (millions): $188,523

Capital Expenditures and Investments (millions): $15,596

Reserves (billion barrels of oil equivalent): 11.169

Production (million BOE per day): 2.337

Reserves and production include LUKOIL and exclude Syncrude. Also includedare reserves and production associated with Venezuela.

Crude and Natural Gas Liquids Production

Natural Gas Production

AsiaPacific

AsiaPacific

Canada

Middle East and Africa

3%

Middle Eastand Africa

Other

Russiaand Caspian 5%

Europe18%18%3%3%

Canada

19%19%UnitedStates

42%42%11%11%

Russia& Caspian

26%26%

7%7%

8%8%8%8%

Europe20%20%

UnitedStates

30%30%

2006 Worldwide Production2006 Worldwide Production

Joint-Venture Operations

DCP Midstream: 50% interestChevron Phillips Chemical Co.: 50% interestFCCL Oil Sands Partnership: 50% interestWRB Refining LLC: 50% interest

Strategic Alliance

LUKOIL Investment: 20% interest**Based on authorized and issued shares

Joint-Venture Operations

Strategic Alliance

Net developed and undeveloped acreage – 69.5 millionAlso included are reserves and production associated withVenezuela.

Worldwide LocationsWorldwide Locations

NigeriaNorwayPeruPuerto RicoQatarRussiaSaudi ArabiaSingaporeSouth KoreaSwedenSwitzerlandTimor-LesteTrinidadTurkeyUnited KingdomUnited StatesVenezuelaVietnam

AlgeriaArgentinaAustraliaAustriaAzerbaijanBelgiumCanadaChinaCzech RepublicDenmarkEcuadorGeorgiaGermanyIndonesiaIrelandKazakhstanLibyaMalaysiaNetherlands

2006 Financial and Operating Information2006 Financial and Operating Information

Liquefaction facilities:Kenai, Alaska, U.S.A. Wickham Point, Australia

Liquefaction facilityopportunities: NigeriaQatar

Regasification import terminalsunder construction: Freeport, Texas, U.S.A. Golden Pass, Texas, U.S.A.

Regasification import terminalopportunities:United Kingdom (onshore)

NORTH AMERICA 10,600 outlets in the United States market gasoline,diesel fuel, jet fuel and aviation gasoline under thePhillips 66®, Conoco® and 76® brands

EUROPE1,800 outlets in seven countries•JET brand in Austria, Denmark, Germany, Norway,

Sweden and the United Kingdom (1,600 outlets)•Through a joint venture, refined products are marketed in

Switzerland under the Coop brand (184 outlets)

(As of January 1, 2007)

Crude Processing Capacity:2.7 million barrels per day (BOPD) from 12refineries in the U.S. and seven refineries infive other countries Key Products: Gasoline, diesel fuel, jet fuel, liquefied petroleum gas, base oils, lubricants, solvents, aviation gasoline andpremium and fuel-grade petroleum cokes

NORTH AMERICAAlliance – Belle Chasse, La., 247,000 BOPDBayway – Linden, N.J., 238,000 BOPDBillings – Billings, Mont., 58,000 BOPDBorger – Borger, Texas, 146,000 BOPD,

our share (85%) 124,000 BOPDFerndale – Ferndale, Wash., 96,000 BOPDLake Charles – Westlake, La., 239,000 BOPDLos Angeles – Carson and Wilmington, Calif., 139,000 BOPDPonca City – Ponca City, Okla., 187,000 BOPDSan Francisco – Rodeo and Arroyo Grande, Calif., 120,000 BOPDSweeny – Old Ocean, Texas, 247,000 BOPDTrainer – Trainer, Pa., 185,000 BOPDWood River – Roxana, Ill., 306,000 BOPD,

our share (50%) 153,000 BOPD

EUROPE Czech Republic – Litvinov and Kralupy, Czech Republic,

166,000 BOPD, our share (16.33%) 27,000 BOPDHumber – North Lincolnshire, United Kingdom, 221,000 BOPDMiRO – Karlsruhe, Germany, 307,000 BOPD,

our share (18.75%) 57,000 BOPDWilhelmshaven – Wilhelmshaven, Germany, 260,000 BOPDWhitegate – Cork, Ireland, 71,000 BOPD

ASIAMelaka – Melaka, Malaysia, 128,000 BOPD,

our share (47%) 60,000 BOPD

Includes LUKOIL and excludes Syncrude

Global GasGlobal Gas

Branded MarketingBranded Marketing

RefineriesRefineries

CSH.07.4811180