| | |
Public Offering
Price(1) |
| |
Underwriting
Discount |
| |
Offering Proceeds to
ConocoPhillips Company, Before Expenses(1) |
| |||||||||
Per 2030 Note
|
| | | | 99.867% | | | | | | 0.600% | | | | | | 99.267% | | |
Total
|
| | | $ | 1,348,204,500 | | | | | $ | 8,100,000 | | | | | $ | 1,340,104,500 | | |
Per 2032 Note
|
| | | | 99.927% | | | | | | 0.625% | | | | | | 99.302% | | |
Total
|
| | | $ | 649,525,500 | | | | | $ | 4,062,500 | | | | | $ | 645,463,000 | | |
Per 2035 Note
|
| | | | 99.827% | | | | | | 0.650% | | | | | | 99.177% | | |
Total
|
| | | $ | 1,247,837,500 | | | | | $ | 8,125,000 | | | | | $ | 1,239,712,500 | | |
Per 2055 Note
|
| | | | 99.669% | | | | | | 0.875% | | | | | | 98.794% | | |
Total
|
| | | $ | 1,295,697,000 | | | | | $ | 11,375,000 | | | | | $ | 1,284,322,000 | | |
Per 2065 Note
|
| | | | 99.958% | | | | | | 0.875% | | | | | | 99.083% | | |
Total
|
| | | $ | 649,727,000 | | | | | $ | 5,687,500 | | | | | $ | 644,039,500 | | |
|
TD Securities
|
| |
BofA Securities
|
| |
Citigroup
|
| |
J.P. Morgan
|
|
| HSBC | | |
Mizuho
|
| |
MUFG
|
| |
SMBC Nikko
|
| |
US Bancorp
|
| |
Wells Fargo Securities
|
|
| BBVA | | |
DNB Markets
|
| |
Goldman Sachs &
Co. LLC |
| |
Morgan Stanley
|
| |
RBC Capital Markets
|
| |
Standard Chartered Bank
|
|
| | | | | S-1 | | | |
| | | | | S-11 | | | |
| | | | | S-15 | | | |
| | | | | S-16 | | | |
| | | | | S-22 | | | |
| | | | | S-25 | | | |
| | | | | S-31 | | | |
| | | | | S-32 | | | |
| | | | | S-33 | | |
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 3 | | | |
| | | | | 5 | | | |
| | | | | 5 | | | |
| | | | | 6 | | | |
| | | | | 18 | | | |
| | | | | 23 | | | |
| | | | | 24 | | | |
| | | | | 27 | | | |
| | | | | 28 | | | |
| | | | | 30 | | | |
| | | | | 31 | | |
| | |
For the
Nine Months Ended September 30, |
| |
For the Year Ended
December 31, |
| ||||||||||||||||||||||||
| | |
2024
|
| |
2023
|
| |
2023
|
| |
2022
|
| |
2021
|
| |||||||||||||||
| | |
(millions of dollars)
|
| |||||||||||||||||||||||||||
Consolidated Income Statement Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Sales and other operating revenues
|
| | | $ | 40,509 | | | | | $ | 41,412 | | | | | $ | 56,141 | | | | | $ | 78,494 | | | | | $ | 45,828 | | |
Net income (loss)
|
| | | | 6,939 | | | | | | 7,950 | | | | | | 10,957 | | | | | | 18,680 | | | | | | 8,079 | | |
| | |
As of September 30,
2024 |
| |
As of December 31,
2023 |
| ||||||
| | |
(millions of dollars)
|
| |||||||||
Consolidated Balance Sheet Data: | | | | | | | | | | | | | |
Total assets
|
| | | $ | 96,699 | | | | | $ | 95,924 | | |
Total debt
|
| | | | 18,304 | | | | | | 18,937 | | |
| | |
For the
Nine Months Ended September 30, |
| |
For the Years Ended December 31,
|
| ||||||||||||||||||||||||
| | |
2024
|
| |
2023
|
| |
2023
|
| |
2022
|
| |
2021
|
| |||||||||||||||
| | |
(millions of dollars)
|
| |||||||||||||||||||||||||||
Income statement data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total revenues and other income
|
| | | $ | 5,049 | | | | | $ | 5,006 | | | | | $ | 6,697 | | | | | $ | 8,036 | | | | | $ | 5,467 | | |
Total costs and expenses
|
| | | | 3,538 | | | | | | 3,278 | | | | | | 4,449 | | | | | | 4,085 | | | | | | 4,159 | | |
Income from operations
|
| | | | 1,511 | | | | | | 1,728 | | | | | | 2,248 | | | | | | 3,951 | | | | | | 1,308 | | |
Net income
|
| | | | 933 | | | | | | 1,157 | | | | | | 1,554 | | | | | | 3,612 | | | | | | 946 | | |
| | |
As of September 30,
2024 |
| |
As of December 31,
2023 |
| ||||||
| | |
(millions of dollars)
|
| |||||||||
Balance Sheet Data: | | | | | | | | | | | | | |
Total assets
|
| | | $ | 19,422 | | | | | $ | 19,575 | | |
Total debt
|
| | | | 4,573 | | | | | | 4,978 | | |
| | |
Nine Months Ended
September 30, 2024 |
| |
Year Ended
December 31, 2023 |
| ||||||
| | |
(millions of dollars)
|
| |||||||||
Pro Forma Combined Income Statement Data: | | | | | | | | | | | | | |
Sales and other operating revenues
|
| | | $ | 45,440 | | | | | $ | 62,590 | | |
Net income (loss)
|
| | | $ | 8,077 | | | | | $ | 12,776 | | |
| | |
As of
September 30, 2024 |
| |||
| | |
(millions of dollars)
|
| |||
Pro Forma Combined Balance Sheet Data: | | | | | | | |
Total assets
|
| | | $ | 122,879 | | |
Long-term debt and Short-term debt
|
| | | $ | 23,129 | | |
| | |
As of December 31, 2023
|
| |||||||||||||||||||||||||||
| | |
ConocoPhillips Historical
|
| |
Marathon
Historical |
| |
Pro Forma
Combined ConocoPhillips |
| |||||||||||||||||||||
Proved Reserves
|
| |
Consolidated
Operations |
| |
Equity
Affiliates |
| |
Total
Company |
| |||||||||||||||||||||
Developed and Undeveloped | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Crude oil (millions of barrels)(1)
|
| | | | 3,032 | | | | | | 89 | | | | | | 3,121 | | | | | | 644 | | | | | | 3,765 | | |
Natural gas liquids (millions of barrels)(2)
|
| | | | 892 | | | | | | 48 | | | | | | 940 | | | | | | 321 | | | | | | 1,261 | | |
Natural gas (billions of cubic feet)(3)
|
| | | | 8,443 | | | | | | 5,275 | | | | | | 13,718 | | | | | | 2,128 | | | | | | 15,846 | | |
Bitumen (millions of barrels)
|
| | | | 410 | | | | | | — | | | | | | 410 | | | | | | — | | | | | | 410 | | |
Total proved developed and undeveloped (MMBOE)(4)
|
| | | | 5,724 | | | | | | 1,016 | | | | | | 6,758 | | | | | | 1,320 | | | | | | 8,078 | | |
| | |
As of December 31, 2023
|
| |||||||||||||||||||||||||||
| | |
ConocoPhillips Historical
|
| |
Marathon
Historical |
| |
Pro Forma
Combined ConocoPhillips |
| |||||||||||||||||||||
| | |
Consolidated
Operations |
| |
Equity
Affiliates |
| |
Total
Company |
| |||||||||||||||||||||
Developed | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Crude oil (millions of barrels)
|
| | | | 1,971 | | | | | | 54 | | | | | | 2,025 | | | | | | 366 | | | | | | 2,391 | | |
Natural gas liquids (millions of barrels)
|
| | | | 511 | | | | | | 28 | | | | | | 539 | | | | | | 209 | | | | | | 748 | | |
Natural gas (billions of cubic feet)
|
| | | | 5,841 | | | | | | 3,558 | | | | | | 9,399 | | | | | | 1,484 | | | | | | 10,883 | | |
Bitumen (millions of barrels)
|
| | | | 293 | | | | | | — | | | | | | 293 | | | | | | — | | | | | | 293 | | |
Total proved developed (MMBOE)
|
| | | | 3,749 | | | | | | 675 | | | | | | 4,424 | | | | | | 823 | | | | | | 5,247 | | |
| | |
As of December 31, 2023
|
| |||||||||||||||||||||||||||
| | |
ConocoPhillips Historical
|
| |
Marathon
Historical |
| |
Pro Forma
Combined ConocoPhillips |
| |||||||||||||||||||||
| | |
Consolidated
Operations |
| |
Equity
Affiliates |
| |
Total
Company |
| |||||||||||||||||||||
Undeveloped | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Crude oil (millions of barrels)
|
| | | | 1,061 | | | | | | 35 | | | | | | 1,096 | | | | | | 278 | | | | | | 1,374 | | |
Natural gas liquids (millions of barrels).
|
| | | | 381 | | | | | | 20 | | | | | | 401 | | | | | | 112 | | | | | | 513 | | |
Natural gas (billions of cubic feet)
|
| | | | 2,602 | | | | | | 1,717 | | | | | | 4,319 | | | | | | 644 | | | | | | 4,963 | | |
Bitumen (millions of barrels)
|
| | | | 117 | | | | | | — | | | | | | 117 | | | | | | — | | | | | | 117 | | |
Total proved undeveloped (MMBOE)
|
| | | | 1,993 | | | | | | 341 | | | | | | 2,334 | | | | | | 497 | | | | | | 2,831 | | |
| | |
For the Nine Months Ended September 30, 2024
|
| |||||||||||||||||||||||||||
| | |
ConocoPhillips Historical
|
| |
Marathon
Historical |
| |
Pro Forma
Combined ConocoPhillips |
| |||||||||||||||||||||
| | |
Consolidated
Operations |
| |
Equity
Affiliates |
| |
Total
Company |
| |||||||||||||||||||||
Average Net Production | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Crude oil (MBD)
|
| | | | 938 | | | | | | 14 | | | | | | 952 | | | | | | 194 | | | | | | 1,146 | | |
Natural gas liquids (MBD)
|
| | | | 287 | | | | | | 8 | | | | | | 295 | | | | | | 90 | | | | | | 385 | | |
Natural gas (MMCFD)
|
| | | | 2,102 | | | | | | 1,249 | | | | | | 3,351 | | | | | | 661 | | | | | | 4,012 | | |
Bitumen (MBD)
|
| | | | 116 | | | | | | — | | | | | | 116 | | | | | | — | | | | | | 116 | | |
Total Production (MBOED)
|
| | | | 1,691 | | | | | | 230 | | | | | | 1,921 | | | | | | 394 | | | | | | 2,315 | | |
| | |
For the Year Ended December 31, 2023
|
| |||||||||||||||||||||||||||
| | |
ConocoPhillips Historical
|
| |
Marathon
Historical |
| |
Pro Forma
Combined ConocoPhillips |
| |||||||||||||||||||||
| | |
Consolidated
Operations |
| |
Equity
Affiliates |
| |
Total
Company |
| |||||||||||||||||||||
Average Net Production | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Crude oil (MBD)
|
| | | | 923 | | | | | | 13 | | | | | | 936 | | | | | | 190 | | | | | | 1,126 | | |
Natural gas liquids (MBD)
|
| | | | 279 | | | | | | 8 | | | | | | 287 | | | | | | 92 | | | | | | 379 | | |
Natural gas (MMCFD)
|
| | | | 1,916 | | | | | | 1,219 | | | | | | 3,135 | | | | | | 735 | | | | | | 3,870 | | |
Bitumen (MBD)
|
| | | | 81 | | | | | | — | | | | | | 81 | | | | | | — | | | | | | 81 | | |
Total Production (MBOED)
|
| | | | 1,602 | | | | | | 224 | | | | | | 1,826 | | | | | | 405 | | | | | | 2,231 | | |
Title of Security
|
| |
Issuer
|
| |
Principal Amount
Outstanding |
| |||
4.400% Senior Notes due 2027
|
| |
Marathon
|
| | | $ | 1,000,000,000 | | |
5.300% Senior Notes due 2029
|
| |
Marathon
|
| | | $ | 600,000,000 | | |
6.800% Senior Notes due 2032
|
| |
Marathon
|
| | | $ | 550,000,000 | | |
5.700% Senior Notes due 2034
|
| |
Marathon
|
| | | $ | 600,000,000 | | |
6.600% Senior Notes due 2037
|
| |
Marathon
|
| | | $ | 750,000,000 | | |
5.200% Senior Notes due 2045
|
| |
Marathon
|
| | | $ | 500,000,000 | | |
7.800% Debentures due 2027
|
| |
CPCo
|
| | | $ | 203,268,000 | | |
7.000% Debentures due 2029
|
| |
CPCo
|
| | | $ | 112,493,000 | | |
7.375% Senior Notes due 2029
|
| |
Burlington Resources LLC
|
| | | $ | 92,184,000 | | |
6.950% Senior Notes due 2029
|
| |
CPCo
|
| | | $ | 1,195,359,000 | | |
8.125% Senior Notes due 2030
|
| |
CPCo
|
| | | $ | 389,580,000 | | |
7.400% Senior Notes due 2031
|
| |
Burlington Resources LLC
|
| | | $ | 382,280,000 | | |
7.250% Senior Notes due 2031
|
| |
Burlington Resources Oil & Gas Company L.P.
|
| | | $ | 400,328,000 | | |
7.200% Senior Notes due 2031
|
| |
Burlington Resources LLC
|
| | | $ | 446,574,000 | | |
5.900% Senior Notes due 2032
|
| |
ConocoPhillips
|
| | | $ | 504,700,000 | | |
5.950% Senior Notes due 2036
|
| |
Burlington Resources LLC
|
| | | $ | 326,321,000 | | |
5.900% Senior Notes due 2038
|
| |
ConocoPhillips
|
| | | $ | 350,080,000 | | |
5.950% Senior Notes due 2046
|
| |
CPCo
|
| | | $ | 328,682,000 | | |
6.500% Senior Notes due 2039
|
| |
ConocoPhillips
|
| | | $ | 1,587,744,000 | | |
Underwriter
|
| |
Principal
Amount of 2030 Notes |
| |
Principal
Amount of 2032 Notes |
| |
Principal
Amount of 2035 Notes |
| |
Principal
Amount of 2055 Notes |
| |
Principal
Amount of 2065 Notes |
| |||||||||||||||
TD Securities (USA) LLC
|
| | | $ | 172,608,000 | | | | | $ | 83,106,000 | | | | | $ | 159,822,000 | | | | | $ | 166,216,000 | | | | | $ | 83,106,000 | | |
BofA Securities, Inc.
|
| | | $ | 135,000,000 | | | | | $ | 65,000,000 | | | | | $ | 125,000,000 | | | | | $ | 130,000,000 | | | | | $ | 65,000,000 | | |
Citigroup Global Markets Inc.
|
| | | $ | 135,000,000 | | | | | $ | 65,000,000 | | | | | $ | 125,000,000 | | | | | $ | 130,000,000 | | | | | $ | 65,000,000 | | |
J.P. Morgan Securities LLC
|
| | | $ | 135,000,000 | | | | | $ | 65,000,000 | | | | | $ | 125,000,000 | | | | | $ | 130,000,000 | | | | | $ | 65,000,000 | | |
HSBC Securities (USA) Inc.
|
| | | $ | 90,000,000 | | | | | $ | 43,334,000 | | | | | $ | 83,333,000 | | | | | $ | 86,666,000 | | | | | $ | 43,334,000 | | |
Mizuho Securities USA LLC
|
| | | $ | 90,000,000 | | | | | $ | 43,333,000 | | | | | $ | 83,333,000 | | | | | $ | 86,667,000 | | | | | $ | 43,333,000 | | |
MUFG Securities Americas Inc.
|
| | | $ | 90,000,000 | | | | | $ | 43,333,000 | | | | | $ | 83,334,000 | | | | | $ | 86,666,000 | | | | | $ | 43,333,000 | | |
SMBC Nikko Securities America, Inc.
|
| | | $ | 90,000,000 | | | | | $ | 43,333,000 | | | | | $ | 83,334,000 | | | | | $ | 86,666,000 | | | | | $ | 43,333,000 | | |
U.S. Bancorp Investments, Inc.
|
| | | $ | 90,000,000 | | | | | $ | 43,333,000 | | | | | $ | 83,333,000 | | | | | $ | 86,667,000 | | | | | $ | 43,333,000 | | |
Wells Fargo Securities LLC
|
| | | $ | 90,000,000 | | | | | $ | 43,334,000 | | | | | $ | 83,333,000 | | | | | $ | 86,666,000 | | | | | $ | 43,334,000 | | |
BBVA Securities Inc.
|
| | | $ | 37,607,000 | | | | | $ | 18,107,000 | | | | | $ | 34,821,000 | | | | | $ | 36,215,000 | | | | | $ | 18,107,000 | | |
DNB Markets, Inc.
|
| | | $ | 37,607,000 | | | | | $ | 18,107,000 | | | | | $ | 34,821,000 | | | | | $ | 36,215,000 | | | | | $ | 18,107,000 | | |
Goldman Sachs & Co. LLC
|
| | | $ | 37,607,000 | | | | | $ | 18,107,000 | | | | | $ | 34,822,000 | | | | | $ | 36,214,000 | | | | | $ | 18,107,000 | | |
Morgan Stanley & Co. LLC
|
| | | $ | 37,607,000 | | | | | $ | 18,107,000 | | | | | $ | 34,822,000 | | | | | $ | 36,214,000 | | | | | $ | 18,107,000 | | |
RBC Capital Markets, LLC
|
| | | $ | 37,607,000 | | | | | $ | 18,108,000 | | | | | $ | 34,821,000 | | | | | $ | 36,214,000 | | | | | $ | 18,108,000 | | |
Standard Chartered Bank
|
| | | $ | 37,607,000 | | | | | $ | 18,108,000 | | | | | $ | 34,821,000 | | | | | $ | 36,214,000 | | | | | $ | 18,108,000 | | |
Academy Securities, Inc.
|
| | | $ | 6,750,000 | | | | | $ | 3,250,000 | | | | | $ | 6,250,000 | | | | | $ | 6,500,000 | | | | | $ | 3,250,000 | | |
Total
|
| | |
$
|
1,350,000,000
|
| | | |
$
|
650,000,000
|
| | | |
$
|
1,250,000,000
|
| | | |
$
|
1,300,000,000
|
| | | |
$
|
650,000,000
|
| |
|
ConocoPhillips
|
| |
ConocoPhillips
|
| |
ConocoPhillips Company
|
|
|
Subordinated Debt Securities
Common Stock Preferred Stock Warrants Depositary Shares Stock Purchase Contracts or Units Prepaid Stock Purchase Contracts |
| |
Senior Debt Securities
guaranteed as described in this prospectus by
ConocoPhillips
Company |
| |
Senior Debt Securities
guaranteed as described in this prospectus by
ConocoPhillips
|
|
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 3 | | | |
| | | | | 5 | | | |
| | | | | 5 | | | |
| | | | | 6 | | | |
| | | | | 18 | | | |
| | | | | 23 | | | |
| | | | | 24 | | | |
| | | | | 27 | | | |
| | | | | 28 | | | |
| | | | | 30 | | | |
| | | | | 31 | | |
Calculation of Filing Fee Tables |
|||
|
|||
|
Table 1: Newly Registered and Carry Forward Securities |
---|
Security Type |
Security Class Title |
Fee Calculation or Carry Forward Rule |
Amount Registered |
Proposed Maximum Offering Price Per Unit |
Maximum Aggregate Offering Price |
Fee Rate |
Amount of Registration Fee |
Carry Forward Form Type |
Carry Forward File Number |
Carry Forward Initial Effective Date |
Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward |
||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Newly Registered Securities | |||||||||||||
|
1 |
|
|
|
|
$
|
|
$
|
|||||
|
2 |
|
|
|
|
$
|
|||||||
|
3 |
|
|
|
|
$
|
|
$
|
|||||
|
4 |
|
|
|
|
$
|
|||||||
|
5 |
|
|
|
|
$
|
|
$
|
|||||
|
6 |
|
|
|
|
$
|
|||||||
|
7 |
|
|
|
|
$
|
|
$
|
|||||
|
8 |
|
|
|
|
$
|
|||||||
|
9 |
|
|
|
|
$
|
|
$
|
|||||
|
10 |
|
|
|
|
$
|
|||||||
Fees Previously Paid | |||||||||||||
Carry Forward Securities | |||||||||||||
Carry Forward Securities | |||||||||||||
Total Offering Amounts: |
$
|
$
|
|||||||||||
Total Fees Previously Paid: |
$
|
||||||||||||
Total Fee Offsets: |
$
|
||||||||||||
Net Fee Due: |
$
|
Offering Note |
1 |
|
||||||
|
|||||||
2 |
|
||||||
|
|||||||
3 |
|
||||||
|
|||||||
4 |
|
||||||
|
|||||||
5 |
|
||||||
|
|||||||
6 |
|
||||||
|
|||||||
7 |
|
||||||
|
|||||||
8 |
|
||||||
|
|||||||
9 |
|
||||||
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10 |
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Narrative Disclosure |
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The maximum aggregate offering price of the securities to which the prospectus relates is $ |
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