ConocoPhillips Midland Basin (MBOED) by Year

ConocoPhillips Midland Basin (MBOED): 191 in FY2025, up 4.9% from a year earlier.

“Midland Basin 1 91 1 86 1 96 1 94 1 91 2 00 2 02 Eagle Ford 3 79 4 08 4 03 3 70 3 90 3 67 3 63 Bakken 2 12 2 05 2 00 1 98 2 04 1 83 1 89 Other 5 5 5 0 4 3 4 3 8 4 5 Lower 48 Total Production (As Reported) 1,462 1,508 1,528 1,439 1,484 1 ,453 1,479 Certain totals may differ from the sum of the underlying components due to rounding. --- PAGE 11 --- As of June 30, 2026 Non-GAAP Reconciliations Reconciliatio n o f Produ ctio n an d O perating Expenses to Adjusted Operating Costs $ millions, except as indicated For the Year For the Quarter Ended For the Quarter Ended Ended 2026 Full Year Guidance ($B) 3/31/2025 6/30/2025 9/30/2025 12/31/2025 12/31/2025 3/31/2026 6/30/2026 Production and operating expenses 2,506 2,572 2,632 2,621 10,331 2,276 2,431 ~9.6 Selling, general and administrative (G&A) expenses 191 250 271 181 893 193 188 ~0.6 Operating costs 2,697 2,822 2,903 2,802 11,224 2,469 2,619 ~10.2 Adjustments to exclude special items: Transaction, integration and restructuring expenses (53) (58) (275) (82) (468) (6) (26) - Other corporate charges - - (82) - (82) - - - Pending claims and settlements - - - (40) (40) - (30) - Operating costs special items (53) (58) (357) (122) (590) (6) (56) - Adjusted operating costs 2,644 2,764 2,546 2,680 10,634 2,463 2,563 ~10.2 Certain totals may differ from the sum of the underlying components due to rounding. --- PAGE 12 --- As of June 30, 2026 Non-GAAP Reconciliations Reconciliation of Net Debt and Leverage Ratio $ millions, except as indicated For the Year Ended For the Quarter Ended 12/31/2025 3/31/2026 6/30/2026 Numerator Cash and cash equivalents 6,497 5,877 6,574 Short-term investments 484 486 1,118 Cash, cash equivalents and short-term investments 6,981 6,363 7,692 Short-term debt 1,020 1,065 462 Long-term debt 22,424 22,262 22,828 Short-term and long-term debt 23,444 23,327 23,290 Net Debt 16,463 16,964 15,598 Trailing 12 Trailing 12 Trailing 12 Month 4Q25 Month 1Q26 Month 2Q26 Denominator Net Cash Provided by Operating Activities 19,796 17,976 21,925 Adjustments: Net operating working capital changes (76) (1,816) (322) Cash from operations 19,872 19,792 22,247 Leverage Ratio 0.8 0.9 0.7 Certain totals may differ from the sum of the underlying components due to rounding. --- PAGE 13 --- As of June 30, 2026 Non-GAAP Reconciliations Reconcilia tio n of R etu r n o n capital employed (ROCE) and Cash Adjusted ROCE $ millions, except as indicated ROCE Cash Adjusted ROCE Trailing 12 Month Trailing 12 Month Trailing 12 Mo”

Source: ConocoPhillips Non-GAAP Measures & Reconciliations (IR) ↗

See every metric in the ConocoPhillips KPI table. Data updated Oct 26, 2026.