ConocoPhillips

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Headquarters: 600 North Dairy Ashford Houston, TX 77252 Employees: 33,800 CEO: James Mulva Stock Symbol: COP Website: http://www.conocophillips.com/ Career Site ConocoPhillips is one of the largest oil companies and refiners in the world. ConocoPhillips is known for its technological expertise in deepwater exploration and production, reservoir management and exploitation, 3-D seismic technology, high-grade petroleum coke upgrading and sulfur removal. Headquartered in Houston, ConocoPhillips operates in more than 40 countries. The company has approximately 33,800 employees worldwide and assets of $143 billion. The company has four major business areas worldwide: - Petroleum exploration and production. - Petroleum refining, marketing, supply and transportation. - Natural gas gathering, processing and marketing, including a 50 percent interest in DCP Midstream, LLC. - Chemicals and plastics production and distribution through a 50 percent interest in Chevron Phillips Chemical Company LLC. In 2008, the company reported record revenues of $240.8 billion and net loss of $16.99 billion due primarily to accounting writedowns. Daily production in the fourth quarter from the Exploration & Production segment, including Canadian Syncrude, averaged 1.87 million barrels of oil equivalent (BOE) per day, an increase from 1.75 million BOE per day in the previous quarter and 1.84 million BOE per day in the fourth quarter of 2007. When compared with the previous quarter, production from new developments, primarily in the United Kingdom, Vietnam, Canada, and China, more than offset the impact of field decline. Production also increased due to improved well performance and seasonality in Alaska and the U.S. Lower 48, as well as less planned and unplanned downtime. Due to the steep decline in oil prices, the company plans to cut 1,300 jobs this year. History Conoco Inc. began in 1875 as the Continental Oil and Transportation Co. Based in Ogden, Utah, the company distributed coal, oil, kerosene, grease and candles to the West.  On August 30, 2002, Conoco and Phillips Petroleum Company combined to create ConocoPhillips. ConocoPhillips acquired Burlington Resources, an oil and gas company, for $35 billion in 2006. In 2006, the company acquired a 20% stake in Russian oil giant LUKOIL. Benefits Compensation - Regular base pay (including overtime for non-exempt and hourly jobs), plus incentive pay for meeting certain performance targets. - Job grading system. - Compensation structures based on current industry surveys. Medical Insurance - Coverage assists with health necessities from wellness to catastrophic events, while also providing a range of options within that coverage. Options include a preferred provider organization (PPO), high deductible health plan (HDHP), exclusive provider organization (EPO) (in certain locations), traditional (indemnity) coverage or HMO (in certain locations). - Includes a prescription drug benefit. - 80/20 cost sharing between ConocoPhillips and employees. Dental Insurance - 80/20 cost sharing between ConocoPhillips and employees. - Dental Maintenance Organization (DMO) in certain locations. Life Insurance - ConocoPhillips provides life insurance equal to your annual base pay and regularly scheduled overtime. - Optional supplemental term life insurance available to cover as much as five times your annual base pay and scheduled overtime. Dependent term life insurance available in two package options. - Personal Accident Insurance available for employee, spouse, children. Occupational Accidental Death Insurance - $500,000 coverage provided by ConocoPhillips. Long-Term Disability - Basic or inflation-protected policies are offered. - Provides 50 percent of your final base pay, plus regularly scheduled overtime. - Employee-paid. Other Employee-Paid Benefits - Long-Term Care Insurance - Health Care Spending Account - Dependent Care Spending Account Paid Time Off - Short-Term Disability Pay ­ for disabilities not related to work, up to 52 weeks either at 100 percent or 60 percent of base pay, based on years of service. - Vacation, Holidays, Family illness, etc. Savings Plan - Consists of two components: a Thrift Feature and a Stock Savings Feature. ConocoPhillips will match employee deposits dollar-for-dollar up to 1.25% of eligible pay in the Thrift Feature. The company will make semiannual allocations of ConocoPhillips stock to the Stock Savings Feature if the employee deposits 1% of eligible pay (the allocation target is 8-to-1). - All employees are immediately 100% vested in both Features. - Allows immediate diversification to a wide range of investment. Retirement Plan - All employees of ConocoPhillips hired after Jan. 1, 2003, will participate in a cash balance plan. Updated January 31, 2009