ConocoPhillips Resumes Pre-Storm Production Rates in Eagle Ford; Third-Quarter and Full-Year Production Guidance Remains Unchanged

September 12, 2017

HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced that production from its
Eagle Ford (Texas) field has returned to pre-Hurricane Harvey rates of
around 130 thousand barrels of oil equivalent per day (MBOED).

The company’s previously communicated production guidance for the third
quarter and the full year is unchanged. Third-quarter 2017 production is
expected to be 1,170 to 1,210 MBOED, which excludes Libya and reflects
expected impacts from the San Juan, Barnett and Panhandle dispositions.
The company’s full-year production on the same basis is expected to be
1,340 to 1,370 MBOED.

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About ConocoPhillips

ConocoPhillips is the world’s largest independent E&P company based on
production and proved reserves. Headquartered in Houston, Texas,
ConocoPhillips had operations and activities in 17 countries, $78
billion of total assets, and approximately 12,200 employees as of June
30, 2017. Production excluding Libya averaged 1,503 MBOED for the six
months ended June 30, 2017, and proved reserves were 6.4 billion BOE as
of Dec. 31, 2016. For more information, go to www.conocophillips.com.

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