CONOCOPHILLIPS: management transactions · United States · SEC (Form 4)

About CONOCOPHILLIPS

ConocoPhillips (NYSE: COP) is one of the world’s largest independent exploration and production companies, headquartered in the United States and listed on the NYSE. For international investors, COP is a pure-play upstream energy company focused on finding, producing, transporting and marketing crude oil, natural gas, natural gas liquids and liquefied natural gas (LNG). Its corporate headquarters are in Houston, Texas, at the ConocoPhillips Center. The company traces its industrial roots back more than 150 years through a series of major U.S. energy legacies, while its current independent E&P structure dates to the 2012 spinoff of downstream businesses. ConocoPhillips operates through six geographic segments: Lower 48, Alaska, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International. This portfolio structure gives the company exposure to multiple basins and resource types, while balancing legacy production with development projects and exploration opportunities. The business is built around technical execution, capital allocation discipline, and a strong focus on safety and environmental stewardship. The company explores for, produces, transports and markets oil, gas, NGLs and LNG on a global basis. From a competitive standpoint, ConocoPhillips ranks among the largest independent E&P names globally by production and proved reserves. Its scale, asset quality and financial strength are central elements of its moat. Management emphasizes low-cost supply, capital efficiency, and shareholder returns rather than volume growth for its own sake. The company also has a meaningful LNG technology and commercialization angle, which broadens its natural gas exposure beyond traditional upstream production and adds strategic optionality. Recent developments underscore that strategy. On April 30, 2026, ConocoPhillips reported first-quarter 2026 adjusted earnings of $1.89 per share and cash from operations of $5.4 billion, while declaring a second-quarter ordinary dividend of $0.84 per share. Earlier, on February 5, 2026, the company reported full-year 2025 results, highlighted stronger shareholder distributions, continued cost reductions, and further progress on integrating Marathon Oil, acquired in 2024. In 2025, ConocoPhillips also expanded its LNG footprint and continued advancing major projects such as Willow in Alaska. For investors in Europe, the stock is best viewed as a high-quality, cyclical energy name with strong cash-generation potential, disciplined capital returns and material sensitivity to commodity prices.