Second-Quarter 2023 Detailed Supplemental Information




							2022															2023
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr			3rd Qtr	4th Qtr	YTD
$ Millions, Except as Indicated
CONSOLIDATED INCOME STATEMENT

Revenues and Other Income
Sales and other operating revenues		17,762			21,161			21,013			18,558			78,494			14,811			12,351					27,162
Equity in earnings of affiliates		426			524			561			570			2,081			499			412					911
Gain (loss) on dispositions		817			262			(40	)		38			1,077			93			(1	)				92
Other income		286			42			80			96			504			114			122					236
Total Revenues and Other Income		19,291			21,989			21,614			19,262			82,156			15,517			12,884					28,401

Costs and Expenses
Purchased commodities		6,751			9,234			9,251			8,735			33,971			6,138			4,616					10,754
Production and operating expenses		1,581			1,741			1,799			1,885			7,006			1,779			1,886					3,665
Selling, general and administrative expenses		187			96			148			192			623			159			205					364
Exploration expenses		69			143			89			263			564			138			83					221
Depreciation, depletion and amortization		1,823			1,810			1,872			1,999			7,504			1,942			2,010					3,952
Impairments		2			2			2			(18	)		(12	)		1			-					1
Taxes other than income taxes		814			1,020			843			687			3,364			576			512					1,088
Accretion on discounted liabilities		61			61			60			68			250			68			68					136
Interest and debt expense		217			211			199			178			805			188			179					367
Foreign currency transactions (gain) loss		24			(70	)		(93	)		39			(100	)		(44	)		(14	)				(58	)
Other expenses		(136	)		86			4			(1	)		(47	)		10			(23	)				(13	)
Total Costs and Expenses		11,393			14,334			14,174			14,027			53,928			10,955			9,522					20,477
Income before income taxes		7,898			7,655			7,440			5,235			28,228			4,562			3,362					7,924
Income tax provision		2,139			2,510			2,913			1,986			9,548			1,642			1,130					2,772
Net Income		5,759			5,145			4,527			3,249			18,680			2,920			2,232					5,152

Net Income Per Share of Common Stock (dollars)
Basic		4.41			3.98			3.56			2.61			14.62			2.38			1.84					4.23
Diluted		4.39			3.96			3.55			2.61			14.57			2.38			1.84					4.22

Average Common Shares Outstanding (in thousands)*
Basic		1,301,930			1,289,791			1,256,893			1,239,277			1,274,028			1,220,228			1,207,443					1,213,800
Diluted		1,307,404			1,295,844			1,269,321			1,243,037			1,278,163			1,223,355			1,210,342					1,216,743
*Ending Common Shares Outstanding is 1,197,491 as of June 30, 2023, compared with 1,210,059 as of March 31, 2023.


INCOME (LOSS) BEFORE INCOME TAXES

Alaska		802			983			800			652			3,237			567			510					1,077

Lower 48		3,547			4,456			3,542			2,557			14,102			2,378			1,581					3,959

Canada		381			418			158			(37	)		920			8			43					51

Europe, Middle East and North Africa		1,774			1,533			2,615			1,767			7,689			1,244			982					2,226

Asia Pacific		1,310			637			627			643			3,217			582			451					1,033

Other International		-			-			2			-			2			1			(5	)				(4	)

Corporate and Other		84			(372	)		(304	)		(347	)		(939	)		(218	)		(200	)				(418	)

Consolidated		7,898			7,655			7,440			5,235			28,228			4,562			3,362					7,924




EFFECTIVE INCOME TAX RATES

Alaska*		27.1	%		30.1	%		27.6	%		23.1	%		27.4	%		26.7	%		27.0	%				26.8	%

Lower 48		21.4	%		19.6	%		25.1	%		22.1	%		21.9	%		22.1	%		22.2	%				22.2	%

Canada		23.7	%		24.3	%		24.9	%		67.4	%		22.4	%		21.9	%		26.6	%				25.9	%

Europe, Middle East and North Africa		76.8	%		74.9	%		64.7	%		70.3	%		70.8	%		70.6	%		73.1	%				71.7	%

Asia Pacific		13.3	%		17.7	%		16.9	%		13.6	%		14.9	%		10.3	%		14.1	%				11.9	%

Other International		-137.8	%		43.0	%		2484.7	%		3159.7	%		2211.2	%		-			-					-

Corporate and Other		-546.2	%		6.2	%		21.4	%		17.1	%		64.9	%		-11.3	%		75.9	%				30.5	%

Consolidated		27.1	%		32.8	%		39.1	%		37.9	%		33.8	%		36.0	%		33.6	%				35.0	%
*Alaska including taxes other than income taxes.		47.8	%		52.1	%		48.6	%		43.0	%		48.4	%		42.3	%		41.1	%				41.7	%




							2022															2023
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr			3rd Qtr	4th Qtr	YTD
$ Millions
EARNINGS BY SEGMENT

Alaska		584			687			580			501			2,352			416			372					788

Lower 48		2,790			3,581			2,653			1,991			11,015			1,852			1,230					3,082

Canada		291			316			119			(12	)		714			6			32					38

Europe, Middle East and North Africa		412			385			922			525			2,244			365			264					629

Asia Pacific		1,136			525			520			555			2,736			522			387					909

Other International		-			-			(28	)		(23	)		(51	)		1			(4	)				(3	)

Corporate and Other		546			(349	)		(239	)		(288	)		(330	)		(242	)		(49	)				(291	)

Consolidated		5,759			5,145			4,527			3,249			18,680			2,920			2,232					5,152





SPECIAL ITEMS

Alaska		23			-			-			26			49			-			-					-

Lower 48		16			69			(42	)		16			59			-			-					-

Canada		176			118			(12	)		(82	)		200			-			-					-

Europe, Middle East and North Africa		-			(58	)		-			-			(58	)		-			-					-

Asia Pacific		534			-			27			-			561			-			-					-

Other International		-			-			(29	)		(20	)		(49	)		-			-					-

Corporate and Other		721			(70	)		(7	)		(66	)		578			-			-					-

Consolidated		1,470			59			(63	)		(126	)		1,340			-			-					-
Detailed reconciliation of these items is provided on page 3.




ADJUSTED EARNINGS

Alaska		561			687			580			475			2,303			416			372					788

Lower 48		2,774			3,512			2,695			1,975			10,956			1,852			1,230					3,082

Canada		115			198			131			70			514			6			32					38

Europe, Middle East and North Africa		412			443			922			525			2,302			365			264					629

Asia Pacific		602			525			493			555			2,175			522			387					909

Other International		-			-			1			(3	)		(2	)		1			(4	)				(3	)

Corporate and Other		(175	)		(279	)		(232	)		(222	)		(908	)		(242	)		(49	)				(291	)

Consolidated		4,289			5,086			4,590			3,375			17,340			2,920			2,232					5,152





ADJUSTED EFFECTIVE INCOME TAX RATES

Alaska		30.0	%		30.1	%		27.6	%		27.1	%		28.9	%		26.7	%		27.0	%				26.8	%

Lower 48		22.1	%		19.6	%		25.1	%		22.1	%		22.1	%		22.1	%		22.2	%				22.2	%

Canada		24.4	%		25.1	%		24.5	%		24.0	%		24.6	%		21.9	%		26.6	%				25.9	%

Europe, Middle East and North Africa		76.8	%		71.1	%		64.7	%		70.3	%		70.1	%		70.6	%		73.1	%				71.7	%

Asia Pacific		22.4	%		17.7	%		17.7	%		13.6	%		18.1	%		10.3	%		14.1	%				11.9	%

Other International		-137.8	%		43.0	%		16.8	%		500.9	%		168.2	%		-			-					-

Corporate and Other		38.1	%		3.4	%		21.9	%		14.8	%		19.6	%		-11.3	%		75.9	%				30.5	%

Consolidated		36.8	%		32.2	%		38.7	%		37.8	%		36.2	%		36.0	%		33.6	%				35.0	%



							2022													2023
$ Millions	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
DETAILED SPECIAL ITEMS

Alaska
Income tax provision (benefit)¹		(23	)		-			-			(26	)		(49	)		-		-				-
Total		23			-			-			26			49			-		-				-

Lower 48
Transaction and restructuring expenses		(14	)		(14	)		-			-			(28	)		-		-				-
Gain (loss) on asset sales		-			101			(55	)		21			67			-		-				-
Subtotal before income taxes		(14	)		87			(55	)		21			39			-		-				-
Income tax provision (benefit)²		(30	)		18			(13	)		5			(20	)		-		-				-
Total		16			69			(42	)		16			59			-		-				-

Canada
Exploration Expense		-			-			-			(129	)		(129	)		-		-				-
Gain (loss) on asset sales		229			153			(15	)		-			367			-		-				-
Subtotal before income taxes		229			153			(15	)		(129	)		238			-		-				-
Income tax provision (benefit)³		53			35			(3	)		(47	)		38			-		-				-
Total		176			118			(12	)		(82	)		200			-		-				-

Europe, Middle East and North Africa
Income tax provision (benefit)⁴		-			58			-			-			58			-		-				-
Total		-			(58	)		-			-			(58	)		-		-				-

Asia Pacific
Gain (loss) on asset sales		534			-			-			-			534			-		-				-
Pending claims and settlements		-			-			27			-			27			-		-				-
Subtotal before income taxes		534			-			27			-			561			-		-				-
Income tax provision (benefit)		-			-			-			-			-			-		-				-
Total		534			-			27			-			561			-		-				-

Other International
Income tax provision (benefit)⁵		-			-			29			20			49			-		-				-
Total		-			-			(29	)		(20	)		(49	)		-		-				-

Corporate and Other
Pending claims and settlements		-			-			(7	)		(87	)		(94	)		-		-				-
Gain (loss) on investment in Cenovus Energy		251			-			-			-			251			-		-				-
Gain (loss) on AUD FX derivative		(10	)		-			-			-			(10	)		-		-				-
Gain (loss) on debt extinguishment and exchange fees		127			(83	)		-			-			44			-		-				-
Subtotal before income taxes		368			(83	)		(7	)		(87	)		191			-		-				-
Income tax provision (benefit)⁶		(353	)		(13	)		-			(21	)		(387	)		-		-				-
Total		721			(70	)		(7	)		(66	)		578			-		-				-

Total Company		1,470			59			(63	)		(126	)		1,340			-		-				-
¹Includes a tax adjustment in Q1 2022 related to the closure of an audit; Q4 2022 tax adjustment in Alaska.
²Includes a tax adjustment in Q1 2022 related to the closure of an audit.
³Includes a tax adjustment in Q4 2022 related to pending claims and settlements.
⁴Includes a tax adjustment in Q2 2022 related to Norway tax reform.
⁵Includes a tax adjustment in Q3 2022 and Q4 2022 related to pending claims and settlements.
⁶Includes tax adjustment related to Q1 2022 Indonesia disposition; Q1 2022 tax adjustments including the closure of an audit; Q4 2022 tax adjustment related to pending claims and settlements.



							2022															2023
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr			3rd Qtr	4th Qtr	YTD
$ Millions
CONSOLIDATED BALANCE SHEET

Assets
Cash and cash equivalents		6,414			6,909			8,010			6,458			6,458			6,974			5,735					5,735
Short-term investments		730			1,272			2,412			2,785			2,785			1,635			1,080					1,080
Accounts and notes receivable		7,807			8,081			7,338			7,075			7,075			5,280			4,517					4,517
Accounts and notes receivable—related parties		72			72			16			13			13			16			14					14
Inventories		1,174			1,234			1,226			1,219			1,219			1,258			1,236					1,236
Prepaid expenses and other current assets		1,389			1,292			1,451			1,199			1,199			953			919					919
Total Current Assets		17,586			18,860			20,453			18,749			18,749			16,116			13,501					13,501
Investments and long-term receivables		8,309			8,203			8,204			8,225			8,225			8,197			8,618					8,618
Net properties, plants and equipment		64,642			64,008			63,673			64,866			64,866			65,090			65,452					65,452
Other assets		2,771			2,622			2,507			1,989			1,989			2,038			2,034					2,034
Total Assets		93,308			93,693			94,837			93,829			93,829			91,441			89,605					89,605

Liabilities
Accounts payable		4,875			5,845			6,242			6,113			6,113			5,078			4,597					4,597
Accounts payable—related parties		22			28			26			50			50			22			29					29
Short-term debt		1,160			676			664			417			417			1,317			879					879
Accrued income and other taxes		3,162			2,759			3,187			3,193			3,193			2,847			1,692					1,692
Employee benefit obligations		446			529			628			728			728			420			552					552
Other accruals		1,959			2,379			3,250			2,346			2,346			1,869			1,799					1,799
Total Current Liabilities		11,624			12,216			13,997			12,847			12,847			11,553			9,548					9,548
Long-term debt		17,586			16,295			16,297			16,226			16,226			15,266			15,565					15,565
Asset retirement obligations and accrued environmental costs		5,815			5,737			5,729			6,401			6,401			6,324			6,357					6,357
Deferred income taxes		6,556			6,694			7,218			7,726			7,726			7,927			8,038					8,038
Employee benefit obligations		1,085			1,080			1,087			1,074			1,074			1,007			981					981
Other liabilities and deferred credits		1,424			1,469			1,430			1,552			1,552			1,581			1,585					1,585
Total Liabilities		44,090			43,491			45,758			45,826			45,826			43,658			42,074					42,074

Equity
Common stock issued
Par value		21			21			21			21			21			21			21					21
Capital in excess of par		60,907			61,045			61,089			61,142			61,142			61,100			61,169					61,169
Treasury stock		(52,344	)		(54,644	)		(57,444	)		(60,189	)		(60,189	)		(61,904	)		(63,217	)				(63,217	)
Accumulated other comprehensive loss		(4,808	)		(5,313	)		(5,865	)		(6,000	)		(6,000	)		(6,027	)		(5,925	)				(5,925	)
Retained earnings		45,442			49,093			51,278			53,029			53,029			54,593			55,483					55,483
Total Equity		49,218			50,202			49,079			48,003			48,003			47,783			47,531					47,531
Total Liabilities and Equity		93,308			93,693			94,837			93,829			93,829			91,441			89,605					89,605



							2022															2023
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr			3rd Qtr	4th Qtr	YTD
$ Millions
CASH FLOW INFORMATION

Cash Flows from Operating Activities
Net income		5,759			5,145			4,527			3,249			18,680			2,920			2,232					5,152
Depreciation, depletion and amortization		1,823			1,810			1,872			1,999			7,504			1,942			2,010					3,952
Impairments		2			2			2			(18	)		(12	)		1			-					1
Dry hole costs and leasehold impairments		7			97			32			204			340			68			34					102
Accretion on discounted liabilities		61			61			60			68			250			68			68					136
Deferred taxes		373			495			726			492			2,086			324			165					489
Undistributed equity earnings		220			371			(22	)		373			942			491			161					652
Gain (loss) on dispositions		(817	)		(262	)		40			(38	)		(1,077	)		(93	)		1					(92	)
Gain on investment in Cenovus Energy		(251	)		-			-			-			(251	)		-			-					-
Other		(152	)		115			(1	)		124			86			(35	)		28					(7	)
Net working capital changes		(1,957	)		80			1,504			139			(234	)		(283	)		(845	)				(1,128	)
Net Cash Provided by Operating Activities		5,068			7,914			8,740			6,592			28,314			5,403			3,854					9,257

Cash Flows from Investing Activities
Capital expenditures and investments		(3,161	)		(1,968	)		(2,497	)		(2,533	)		(10,159	)		(2,897	)		(2,923	)				(5,820	)
Working capital changes associated with investing activities		363			133			46			(22	)		520			208			(122	)				86
Acquisition of businesses, net of cash acquired		37			-			-			(97	)		(60	)		-			-					-
Proceeds from asset dispositions		2,332			619			403			117			3,471			188			238					426
Net (purchases) sales of investments		(263	)		(841	)		(1,131	)		(394	)		(2,629	)		1,065			484					1,549
Collection of advances/loans—related parties		55			-			59			-			114			-			-					-
Other		26			(34	)		15			(5	)		2			(12	)		7					(5	)
Net Cash Used in Investing Activities		(611	)		(2,091	)		(3,105	)		(2,934	)		(8,741	)		(1,448	)		(2,316	)				(3,764	)

Cash Flows from Financing Activities
Net repayment of debt		(1,067	)		(1,865	)		(45	)		(393	)		(3,370	)		(43	)		(64	)				(107	)
Issuance of company common stock		271			79			(5	)		17			362			(97	)		2					(95	)
Repurchase of company common stock		(1,425	)		(2,300	)		(2,799	)		(2,746	)		(9,270	)		(1,700	)		(1,300	)				(3,000	)
Dividends paid		(864	)		(988	)		(1,484	)		(2,390	)		(5,726	)		(1,488	)		(1,350	)				(2,838	)
Other		(52	)		(4	)		3			4			(49	)		2			(13	)				(11	)
Net Cash Used in Financing Activities		(3,137	)		(5,078	)		(4,330	)		(5,508	)		(18,053	)		(3,326	)		(2,725	)				(6,051	)

Effect of Exchange Rate Changes		21			(258	)		(215	)		228			(224	)		(104	)		(58	)				(162	)

Net Change in Cash, Cash Equivalents and Restricted Cash		1,341			487			1,090			(1,622	)		1,296			525			(1,245	)				(720	)
Cash, cash equivalents and restricted cash at beginning of period		5,398			6,739			7,226			8,316			5,398			6,694			7,219					6,694
Cash, Cash Equivalents and Restricted Cash at End of Period		6,739			7,226			8,316			6,694			6,694			7,219			5,974					5,974



CAPITAL EXPENDITURES AND INVESTMENTS

Alaska		253			218			269			351			1,091			406			363					769

Lower 48		1,062			1,285			1,773			1,510			5,630			1,704			1,653					3,357

Canada		122			125			135			148			530			136			92					228

Europe, Middle East and North Africa		172			192			167			467			998			209			358					567

Asia Pacific		1,538			126			127			89			1,880			63			79					142

Other International		-			-			-			-			-			-			-					-

Corporate and Other		14			22			26			(32	)		30			379			378					757
Total Capital Expenditures and Investments		3,161			1,968			2,497			2,533			10,159			2,897			2,923					5,820


					2022											2023
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr			2nd Qtr		3rd Qtr	4th Qtr	YTD
TOTAL SEGMENTS


Production
Total (MBOED)		1,747		1,692		1,754		1,758		1,738		1,792			1,805				1,798

Crude Oil (MBD)
Consolidated operations		903		857		882		899		885		926			918				922
Equity affiliates		12		14		13		13		13		11			13				12
Total		915		871		895		912		898		937			931				934
Over (under) lifting of crude oil (MBD)		28		27		4		9		17		(4	)		33				15

NGL (MBD)
Consolidated operations		216		236		263		261		244		264			275				270
Equity affiliates		7		8		8		8		8		7			8				7
Total		223		244		271		269		252		271			283				277

Bitumen (MBD)
Consolidated operations		67		59		69		69		66		69			66				67
Total		67		59		69		69		66		69			66				67

Natural Gas (MMCFD)
Consolidated operations		2,126		1,872		1,899		1,862		1,939		1,922			1,896				1,909
Equity affiliates		1,127		1,235		1,214		1,184		1,191		1,166			1,251				1,209
Total		3,253		3,107		3,113		3,046		3,130		3,088			3,147				3,118

Industry Prices
Crude Oil ($/BBL)
WTI		94.29		108.41		91.56		82.64		94.23		76.13			73.78				74.96
WCS		79.76		95.71		71.88		56.72		76.02		51.31			58.62				54.97
Brent dated		101.40		113.78		100.85		88.71		101.19		81.27			78.39				79.83
JCC ($/BBL)		80.43		86.09		110.97		113.23		97.68		100.49			87.19				93.84
Natural Gas ($/MMBTU)
Henry Hub first of month		4.96		7.17		8.20		6.26		6.65		3.44			2.09				2.77


Average Realized Prices
Total ($/BBL)		76.99		88.57		83.07		71.05		79.82		60.86			54.50				57.63

Crude Oil ($/BBL)
Consolidated operations		94.79		111.49		97.60		85.61		97.23		77.60			74.18				75.85
Equity affiliates		97.20		111.97		94.58		83.64		97.31		80.97			75.10				77.90
Total		94.82		111.50		97.56		85.58		97.23		77.65			74.19				75.88

NGL ($/BBL)
Consolidated operations		40.95		42.20		34.83		26.46		35.67		24.97			20.05				22.41
Equity affiliates		67.04		72.44		55.51		50.61		61.22		57.71			43.62				50.13
Total		41.80		43.26		35.47		27.21		36.50		25.84			20.72				23.18

Bitumen ($/BBL)
Consolidated operations		65.86		75.42		49.77		34.47		55.56		29.49			41.01				34.93
Total		65.86		75.42		49.77		34.47		55.56		29.49			41.01				34.93

Natural Gas ($/MCF)
Consolidated operations		8.81		10.19		14.14		9.26		10.56		5.65			2.89				4.27
Equity affiliates		8.86		10.08		11.37		12.19		10.67		9.95			8.23				9.06
Total		8.83		10.15		13.04		10.44		10.60		7.30			5.04				6.16


Exploration Expenses ($ Millions)
Dry holes		1		87		25		138		251		49			23				72
Leasehold impairment		6		10		7		66		89		19			11				30
Total noncash expenses		7		97		32		204		340		68			34				102
Other (G&A, G&G and lease rentals)		62		46		57		59		224		70			49				119
Total exploration expenses		69		143		89		263		564		138			83				221

U.S. exploration expenses		54		40		42		86		222		108			51				159
International exploration expenses		15		103		47		177		342		30			32				62


DD&A ($ Millions)
Alaska		226		234		232		247		939		260			267				527
Lower 48		1,168		1,192		1,198		1,307		4,865		1,319			1,407				2,726
Canada		102		98		96		106		402		91			84				175
Europe, Middle East and North Africa		192		157		196		191		736		153			139				292
Asia Pacific		124		118		140		136		518		113			108				221
Other International		-		-		-		-		-		-			-				-
Corporate and Other		11		11		10		12		44		6			5				11
Total DD&A		1,823		1,810		1,872		1,999		7,504		1,942			2,010				3,952



					2022										2023
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
PRODUCTION


Crude Oil (MBD)
Consolidated operations
Alaska		182		177		171		179		177		179		176				177
Lower 48		538		528		537		534		534		561		565				563
Canada		6		5		4		8		6		6		6				6
Norway		76		56		77		74		71		70		65				68
Libya		37		34		30		44		36		47		48				48
Europe, Middle East and North Africa		113		90		107		118		107		117		113				116
China		30		29		31		31		30		34		32				33
Indonesia		1								-
Malaysia		33		28		32		29		31		29		26				27
Asia Pacific		64		57		63		60		61		63		58				60
Total consolidated operations		903		857		882		899		885		926		918				922
Equity affiliates		12		14		13		13		13		11		13				12
Total		915		871		895		912		898		937		931				934

NGL (MBD)
Consolidated operations
Alaska		18		16		15		17		17		18		16				18
Lower 48		191		214		241		236		221		239		252				245
Canada		3		3		3		4		3		3		3				3
Norway		4		3		4		4		3		4		4				4
Europe, Middle East and North Africa		4		3		4		4		3		4		4				4
Total consolidated operations		216		236		263		261		244		264		275				270
Equity affiliates		7		8		8		8		8		7		8				7
Total		223		244		271		269		252		271		283				277

Bitumen (MBD)
Canada		67		59		69		69		66		69		66				67
Total		67		59		69		69		66		69		66				67

Natural Gas (MMCFD)
Consolidated operations
Alaska		35		34		29		39		34		42		34				38
Lower 48		1,426		1,411		1,410		1,362		1,402		1,418		1,478				1,448
Canada		63		66		49		64		61		64		58				61
Norway		308		284		312		317		306		313		256				284
Libya		23		22		19		26		22		29		30				29
Europe, Middle East and North Africa		331		306		331		343		328		342		286				313
Indonesia		194								48
Malaysia		77		55		80		54		66		56		40				49
Asia Pacific		271		55		80		54		114		56		40				49
Total consolidated operations		2,126		1,872		1,899		1,862		1,939		1,922		1,896				1,909
Equity affiliates		1,127		1,235		1,214		1,184		1,191		1,166		1,251				1,209
Total		3,253		3,107		3,113		3,046		3,130		3,088		3,147				3,118

Total (MBOED)
Consolidated operations
Alaska		206		199		191		203		200		204		198				201
Lower 48		967		977		1,013		997		989		1,036		1,063				1,049
Canada		86		78		84		92		85		89		85				87
Norway		131		106		133		131		125		126		112				119
Libya		41		38		33		48		40		52		53				53
Europe, Middle East and North Africa		172		144		166		179		165		178		165				172
China		30		29		31		31		30		34		32				33
Indonesia		33								8
Malaysia		46		37		45		38		42		38		33				35
Asia Pacific		109		66		76		69		80		72		65				68
Total consolidated operations		1,540		1,464		1,530		1,540		1,519		1,579		1,576				1,577
Equity affiliates		207		228		224		218		219		213		229				221
Total		1,747		1,692		1,754		1,758		1,738		1,792		1,805				1,798



					2022										2023
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
AVERAGE REALIZED PRICES


Crude Oil ($/BBL)
Consolidated operations
Alaska		95.54		114.77		103.90		91.34		101.72		82.22		76.09				79.08
Lower 48		93.55		109.14		93.19		82.28		94.46		74.36		72.06				73.19
Canada		82.13		94.79		71.11		73.62		79.94		65.07		59.40				62.56
Norway		92.18		116.93		104.10		89.96		99.88		85.34		80.39				82.87
Libya		99.92		113.03		98.55		87.39		97.85		80.41		78.65				79.41
Europe, Middle East and North Africa		94.68		115.61		102.70		88.86		99.20		83.52		79.64				81.48
China		105.75		115.00		101.95		88.21		101.87		76.93		75.27				76.02
Indonesia		77.09								77.09
Malaysia		104.88		119.26		115.94		98.90		109.42		89.99		83.92				87.34
Asia Pacific		104.84		117.14		108.99		93.29		105.52		83.50		78.64				81.07
Total consolidated operations		94.79		111.49		97.60		85.61		97.23		77.60		74.18				75.85
Equity affiliates		97.20		111.97		94.58		83.64		97.31		80.97		75.10				77.90
Total		94.82		111.50		97.56		85.58		97.23		77.65		74.19				75.88

NGL ($/BBL)
Consolidated operations
Lower 48		40.42		42.00		34.59		26.21		35.36		24.58		19.61				22.01
Canada		41.83		44.93		29.62		34.08		37.70		29.02		17.11				22.94
Norway		58.67		68.00		51.67		40.72		54.52		47.91		37.06				40.63
Europe, Middle East and North Africa		58.67		68.00		51.67		40.72		54.52		47.91		37.06				40.63
Total consolidated operations		40.95		42.20		34.83		26.46		35.67		24.97		20.05				22.41
Equity affiliates		67.04		72.44		55.51		50.61		61.22		57.71		43.62				50.13
Total		41.80		43.26		35.47		27.21		36.50		25.84		20.72				23.18

Bitumen ($/BBL)
Canada*		65.86		75.42		49.77		34.47		55.56		29.49		41.01				34.93
Total		65.86		75.42		49.77		34.47		55.56		29.49		41.01				34.93

Natural Gas ($/MCF)
Consolidated operations
Alaska		3.92		3.34		4.38		3.24		3.64		4.58		4.38				4.49
Lower 48		4.63		6.85		7.36		4.82		5.92		2.92		1.43				2.16
Canada		3.25		4.47		2.40		4.04		3.62		4.64		0.56				2.70
Norway		30.93		30.06		50.57		29.74		35.33		18.04		11.32				15.04
Libya		5.13		5.61		7.46		8.00		6.59		7.67		6.67				7.16
Europe, Middle East and North Africa		29.18		28.32		48.10		28.13		33.39		17.18		10.83				14.31
Indonesia		8.26								8.26
Malaysia		3.85		4.17		4.18		4.24		4.09		4.30		4.10				4.22
Asia Pacific		7.01		4.17		4.18		4.24		5.84		4.30		4.10				4.22
Total consolidated operations		8.81		10.19		14.14		9.26		10.56		5.65		2.89				4.27
Equity affiliates		8.86		10.08		11.37		12.19		10.67		9.95		8.23				9.06
Total		8.83		10.15		13.04		10.44		10.60		7.30		5.04				6.16
*Average realized prices exclude additional value realized from third-party purchases and sales for optimization of our pipeline capacity between Canada and the U.S. Gulf Coast.



							2022															2023
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr			3rd Qtr	4th Qtr	YTD
CORPORATE AND OTHER


Corporate and Other Earnings (Loss) ($ Millions)		546			(349	)		(239	)		(288	)		(330	)		(242	)		(49	)				(291	)


Detail of Earnings (Loss) ($ Millions)
Net interest expense		(218	)		(164	)		(125	)		(93	)		(600	)		(90	)		(86	)				(176	)
Corporate G&A expenses		(79	)		(16	)		(62	)		(87	)		(244	)		(90	)		(96	)				(186	)
Technology*		58			(9	)		(8	)		(9	)		32			6			(11	)				(5	)
Other		785			(160	)		(44	)		(99	)		482			(68	)		144					76
Total		546			(349	)		(239	)		(288	)		(330	)		(242	)		(49	)				(291	)
*Includes investment in new technologies or businesses outside of our normal scope of operations and licensing revenues.


Before-Tax Net Interest Expense ($ Millions)
Interest expense		(227	)		(224	)		(215	)		(197	)		(863	)		(214	)		(218	)				(432	)
Capitalized interest		10			13			16			19			58			26			39					65
Interest revenue		6			29			60			90			185			95			97					192
Total		(211	)		(182	)		(139	)		(88	)		(620	)		(93	)		(82	)				(175	)

Debt
Total debt ($ Millions)		18,746			16,971			16,961			16,643			16,643			16,583			16,444					16,444
Debt-to-capital ratio (%)		28	%		25	%		26	%		26	%		26	%		26	%		26	%				26	%

Equity ($ Millions)		49,218			50,202			49,079			48,003			48,003			47,783			47,531					47,531

REFERENCE

Commonly Used Abbreviations
Earnings	Net Income (Loss) Attributable to ConocoPhillips
DD&A	Depreciation, Depletion and Amortization
G&G	Geological and Geophysical
G&A	General and Administrative
JCC	Japan Crude Cocktail
LNG	Liquefied Natural Gas
NGL	Natural Gas Liquids
WCS	Western Canada Select
WTI	West Texas Intermediate


Units of Measure
BBL	Barrels
MMBBL	Millions of Barrels
MBD	Thousands of Barrels per Day
MBOED	Thousands of Barrels of Oil Equivalent per Day
MCF	Thousands of Cubic Feet
MMBTU	Millions of British Thermal Units
MMCFD	Millions of Cubic Feet per Day