ConocoPhillips

One of the world's leading energy companies.

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Headquarters:
600 North Dairy Ashford
Houston, TX 77252
Employees: 29,800
CEO: James Mulva
Stock Symbol: COP

Website: http://www.conocophillips.com

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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 29,800 employees worldwide and assets of $153 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 2011, the company reported revenues of $245 billion and net income of $12.4 billion.

Jim Mulva, chairman and chief executive officer, said, "Production and refinery utilization met expectations. For the year, we replaced 120 percent of our 2011 production with organic reserves across our asset base. We continued execution of our 2010-2012 repositioning plan, including $4.8 billion of asset sales and $11.1 billion of share repurchases during the year. We are also progressing plans to create two leading energy companies during the second quarter of 2012."

Phillips 66 will be the name of the independent downstream company and will be headquartered in Houston and trade on the New York Stock Exchange under the ticker symbol PSX.

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

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 High Deductible Health Plan (HDHP),Primary Preferred Provider Organization (PPO), Exclusive Provider Organization (EPO) (in certain locations), Traditional (indemnity) coverage or Health Maintenance Organization (HMO), in certain locations. All medical options include a prescription drug benefit.
Dental Insurance	CP Dental Preventive Dental Option
Short-Term Disability	Short-Term Disability (STD) 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.
Long-Term Disability	Basic or enhanced policies are offered. This benefit provides 50 percent of your final base pay, plus regularly scheduled overtime. Enhanced benefit provides 60 percent of your final base pay, plus regular scheduled overtime pay. This benefit is employee-paid.
Life Insurance	ConocoPhillips provides basic life insurance equal to your annual base pay and regularly scheduled overtime. Optional supplemental term life insurance available to cover up to eight times your annual base pay and scheduled overtime. Dependent term life insurance is available in two options (high and low).
Occupational Accidental Death Coverage	$500,000 coverage provided by ConocoPhillips
Other Employee-Paid Benefits	Long-Term Care Insurance (LTC) Health Savings Account (HSA) Health Care Flexible Spending Account (HCFSA) Dependent Day Care Flexible Spending Account (DCFSA) Accidental Death and Dismemberment (AD&D) - Available for employee, spouse and children Disease Management 24 hour nurseline Personal health coaching for weight management, quitting tobacco, stress management and more

Compensation	Regular base pay (including overtime for non-exempt and hourly jobs) Annual cash bonus based upon company, business and individual performance Eligibility for Restricted Stock Units at certain grade levels Annual salary adjustment opportunities
Retirement Plan	All new hires participate in a cash balance plan Eligible on the first day of the month after start date 6, 7 or 9% of pay added monthly to your account based upon age and service years points Interest added monthly to your account based upon prior month's balance Interest crediting rate is tied to the 30-year Treasury Securities Rate 100% vested after 3 years of service (at least 1000 hours per year)
Savings Plan	The plan has a Stock Savings Feature and a Thrift Feature. Employees may enroll in one or both features. In the Stock Savings Feature, employees may contribute 1% of eligible pay on a before-tax basis, an after-tax basis or Roth 401(k) basis to be invested in ConocoPhillips stock. Participating employees receive a semiannual allocation of ConocoPhillips stock based on their contributions to the Stock Savings Feature during the allocation period. The target allocation is 8%, which means participating employees could receive $8 for every $1 contributed. Employees can immediately diversify by transferring some or all of ConocoPhillips stock into a wide range of investment funds options available under the plan. In the Thrift Feature, employees may contribute up to 75% of eligible pay on a before-tax, after-tax, or Roth 401(k) basis. The Company will match $1 for $1 up to 1.25% of eligible pay. Employees have a wide range of investment funds among which to invest their contributions and the Company matching contributions. Generally, active employees on the direct U.S. dollar payroll of a ConocoPhillips company that has adopted this plan are immediately eligible to participate in the plan. Participants are immediately 100% vested in all amounts credited to their account including the company semi-annual allocation and matching contributions.
Paid Time Off	Vacation, Holidays, Family illness

Updated February 2, 2012