Policy

	Millions of Dollars
	Year Ended December 31, 2013
Income Statement	ConocoPhillips		ConocoPhillips Company	ConocoPhillips Australia Funding Company	ConocoPhillips Canada Funding Company I	All Other Subsidiaries	Consolidating Adjustments	Total Consolidated

Revenues and Other Income
Sales and other operating revenues	$	-	18,186	-	-	36,227	-	54,413
Equity in earnings of affiliates		8,374	9,200	-	-	2,611	(17,966)	2,219
Gain on dispositions		-	364	-	-	878	-	1,242
Other income		2	271	-	-	101	-	374
Intercompany revenues		82	458	13	305	4,948	(5,806)	-
Total Revenues and Other Income		8,458	28,479	13	305	44,765	(23,772)	58,248

Costs and Expenses
Purchased commodities		-	15,779	-	-	11,812	(4,948)	22,643
Production and operating expenses		-	1,492	-	-	5,756	(10)	7,238
Selling, general and administrative expenses		11	623	-	1	238	(19)	854
Exploration expenses		-	659	-	-	573	-	1,232
Depreciation, depletion and amortization		-	907	-	-	6,527	-	7,434
Impairments		-	4	-	-	525	-	529
Taxes other than income taxes		-	236	-	-	2,648	-	2,884
Accretion on discounted liabilities		-	56	-	-	378	-	434
Interest and debt expense		630	327	12	235	237	(829)	612
Foreign currency transaction (gains) losses		52	3	-	(349)	236	-	(58)
Total Costs and Expenses		693	20,086	12	(113)	28,930	(5,806)	43,802
Income from continuing operations before income taxes		7,765	8,393	1	418	15,835	(17,966)	14,446
Provision for income taxes		(213)	19	-	31	6,572	-	6,409
Income From Continuing Operations		7,978	8,374	1	387	9,263	(17,966)	8,037
Income from discontinued operations		1,178	1,178	-	-	1,178	(2,356)	1,178
Net income		9,156	9,552	1	387	10,441	(20,322)	9,215
Less: net income attributable to noncontrolling interests		-	-	-	-	(59)	-	(59)
Net Income Attributable to ConocoPhillips	$	9,156	9,552	1	387	10,382	(20,322)	9,156

Comprehensive Income Attributable to ConocoPhillips	$	7,071	7,467	1	99	7,782	(15,349)	7,071


Income Statement	Year Ended December 31, 2012

Revenues and Other Income
Sales and other operating revenues	$	-	17,768	-	-	40,199	-	57,967
Equity in earnings of affiliates*		7,871	8,545	-	-	1,832	(16,337)	1,911
Gain on dispositions		-	2	-	-	1,655	-	1,657
Other income (loss)		(76)	177	-	-	368	-	469
Intercompany revenues*		61	1,077	46	313	2,997	(4,494)	-
Total Revenues and Other Income		7,856	27,569	46	313	47,051	(20,831)	62,004

Costs and Expenses
Purchased commodities		-	15,680	-	-	13,000	(3,448)	25,232
Production and operating expenses		-	1,304	-	-	5,512	(23)	6,793
Selling, general and administrative expenses		12	845	-	1	258	(10)	1,106
Exploration expenses		-	402	-	-	1,098	-	1,500
Depreciation, depletion and amortization		-	807	-	-	5,773	-	6,580
Impairments		-	8	-	-	672	-	680
Taxes other than income taxes		-	264	-	-	3,282	-	3,546
Accretion on discounted liabilities		-	53	-	-	341	-	394
Interest and debt expense*		700	316	42	237	427	(1,013)	709
Foreign currency transaction (gains) losses		(19)	19	-	152	(111)	-	41
Total Costs and Expenses		693	19,698	42	390	30,252	(4,494)	46,581
Income (loss) from continuing operations before income taxes		7,163	7,871	4	(77)	16,799	(16,337)	15,423
Provision for income taxes		(248)	(1)	1	9	8,181	-	7,942
Income (Loss) From Continuing Operations		7,411	7,872	3	(86)	8,618	(16,337)	7,481
Income from discontinued operations		1,017	1,017	-	-	777	(1,794)	1,017
Net income (loss)		8,428	8,889	3	(86)	9,395	(18,131)	8,498
Less: net income attributable to noncontrolling interests		-	-	-	-	(70)	-	(70)
Net Income (Loss) Attributable to ConocoPhillips	$	8,428	8,889	3	(86)	9,325	(18,131)	8,428

Comprehensive Income Attributable to ConocoPhillips	$	9,055	9,516	3	24	9,560	(19,103)	9,055
*"Interest and debt expense" for ConocoPhillips was revised to reflect contractually agreed interest rates, with offsetting adjustments in the "Equity in earnings of affiliates" and "Intercompany Revenues" lines for
ConocoPhillips, ConocoPhillips Company and All Other Subsidiaries. There was no impact to Total Consolidated balances.

	Millions of Dollars
	Year Ended December 31, 2011
Income Statement	ConocoPhillips		ConocoPhillips Company	ConocoPhillips Australia Funding Company	ConocoPhillips Canada Funding Company I	All Other Subsidiaries	Consolidating Adjustments	Total Consolidated

Revenues and Other Income
Sales and other operating revenues	$	-	20,606	-	-	43,590	-	64,196
Equity in earnings of affiliates*		7,600	7,317	-	-	1,312	(14,990)	1,239
Gain on dispositions		-	261	-	-	109	-	370
Other income		-	98	-	-	166	-	264
Intercompany revenues*		4	1,406	46	328	1,766	(3,550)	-
Total Revenues and Other Income		7,604	29,688	46	328	46,943	(18,540)	66,069

Costs and Expenses
Purchased commodities		-	17,944	-	-	14,287	(2,434)	29,797
Production and operating expenses		-	1,126	-	-	5,363	(63)	6,426
Selling, general and administrative expenses		13	607	-	1	253	(9)	865
Exploration expenses		-	333	-	-	705	-	1,038
Depreciation, depletion and amortization		-	867	-	-	5,960	-	6,827
Impairments		-	38	-	-	283	-	321
Taxes other than income taxes		-	292	-	-	3,707	-	3,999
Accretion on discounted liabilities		-	48	-	-	374	-	422
Interest and debt expense*		726	448	42	220	562	(1,044)	954
Foreign currency transaction (gains) losses		-	(16)	-	37	3	-	24
Total Costs and Expenses		739	21,687	42	258	31,497	(3,550)	50,673
Income from continuing operations before income taxes		6,865	8,001	4	70	15,446	(14,990)	15,396
Provision for income taxes		(257)	401	1	-	8,063	-	8,208
Income From Continuing Operations		7,122	7,600	3	70	7,383	(14,990)	7,188
Income from discontinued operations		5,314	5,314	-	-	4,868	(10,182)	5,314
Net income		12,436	12,914	3	70	12,251	(25,172)	12,502
Less: net income attributable to noncontrolling interests		-	-	-	-	(66)	-	(66)
Net Income Attributable to ConocoPhillips	$	12,436	12,914	3	70	12,185	(25,172)	12,436

Comprehensive Income (Loss) Attributable to ConocoPhillips	$	10,749	11,227	3	(28)	10,973	(22,175)	10,749
*"Interest and debt expense" for ConocoPhillips was revised to reflect contractually agreed interest rates, with offsetting adjustments in the "Equity in earnings of affiliates" and "Intercompany revenues" lines
for ConocoPhillips, ConocoPhillips Company and All Other Subsidiaries. There was no impact to Total Consolidated balances.

CONOCOPHILLIPS | 2013 | FY |

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