<SEC-DOCUMENT>0001104659-24-080582.txt : 20240904
<SEC-HEADER>0001104659-24-080582.hdr.sgml : 20240904
<ACCEPTANCE-DATETIME>20240717170128
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-24-080582
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240717

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONOCOPHILLIPS
		CENTRAL INDEX KEY:			0001163165
		STANDARD INDUSTRIAL CLASSIFICATION:	PETROLEUM REFINING [2911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				010562944
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		925 N. ELDRIDGE PARKWAY
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77079
		BUSINESS PHONE:		281-293-1000

	MAIL ADDRESS:	
		STREET 1:		SHIPPING & RECEIVING CENTER
		STREET 2:		16930 PARK ROW DR.
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77084

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CORVETTEPORSCHE CORP
		DATE OF NAME CHANGE:	20011204
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<SEQUENCE>1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Letterhead of Wachtell, Lipton, Rosen&nbsp;&amp;
Katz]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">July&nbsp;17, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Via EDGAR</U></FONT></TD><TD STYLE="text-align: justify">&nbsp;</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2">Office of Energy&nbsp;&amp; Transportation</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2">Division of Corporation Finance</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2">U.S. Securities&nbsp;&amp; Exchange Commission</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2">100 F Street, NE</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2">Washington, D.C. 20549</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attn:</FONT></TD><TD STYLE="text-align: left; width: 45%">Liz
                                            Packebusch</TD><TD STYLE="text-align: justify; width: 50%">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Kevin Dougherty</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
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<TD STYLE="width: 5%"></TD><TD STYLE="width: 5%"><B>Re:</B></TD><TD STYLE="width: 90%"><B>ConocoPhillips<BR>
                                            Registration Statement on Form&nbsp;S-4<BR>
                                            Filed June&nbsp;25, 2024<BR>
                                            File No.&nbsp;333-280448</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Ladies and
Gentlemen</FONT>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On behalf of our client, ConocoPhillips (&ldquo;<U>ConocoPhillips</U>&rdquo;),
we are responding to the comment letter (&ldquo;<U>Comment Letter</U>&rdquo;) of the staff (the &ldquo;<U>Staff</U>&rdquo;) of the Securities
and Exchange Commission (the &ldquo;<U>Commission</U>&rdquo;), dated July&nbsp;12, 2024, relating to the registration statement on Form&nbsp;S-4
(the &ldquo;<U>Registration Statement</U>&rdquo;), filed by ConocoPhillips with the Commission on June&nbsp;25, 2024. In connection with
this letter responding to the Staff&rsquo;s comments, ConocoPhillips is filing, electronically via EDGAR with the Commission, an amendment
to the Registration Statement (the &ldquo;<U>Amended Registration Statement</U>&rdquo;) on the date of this response letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For your convenience, the Staff&rsquo;s comments
are set forth in bold, followed by responses on behalf of ConocoPhillips. All page&nbsp;references in the responses set forth below refer
to page&nbsp;numbers in the Amended Registration Statement. Capitalized terms used but not defined herein have the meanings ascribed
to such terms in the Amended Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Registration Statement on Form&nbsp;S-4, filed June&nbsp;25, 2024</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Material U.S. Federal Income Tax Consequences of the Merger, page&nbsp;112</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>1.</B></TD><TD><B>We note that the tax opinions filed at Exhibits 8.1 and 8.2 express
                                            no opinion but state that the discussion set forth in the registration statement under the
                                            caption &ldquo;Material U.S. Federal Income Tax Consequences of the Merger&rdquo; is accurate
                                            in all material respects. Please revise your disclosure and have counsel revise their respective
                                            tax opinions to state clearly that the tax consequences discussed in this section are counsel&rsquo;s
                                            opinion. A description of the law is not sufficient. Please also revise the registration
                                            statement to affirmatively describe the tax consequences of the Business Combination that
                                            will be, as opposed to what ConocoPhillips and Marathon Oil &ldquo;intend.&rdquo; If there
                                            is uncertainty regarding the tax treatment of the transactions, counsel may issue a &ldquo;should&rdquo;
                                            or &ldquo;more likely than not&rdquo; opinion to make clear that the opinion is subject to
                                            a degree of uncertainty, and explain why it cannot give a firm opinion. See Item 601(b)(8)&nbsp;of
                                            Regulation S-K and refer to Section&nbsp;III of Staff Legal Bulletin No.&nbsp;19.</B></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">U.S. Securities
and Exchange Commission<BR>
July&nbsp;17, 2024<BR>
</FONT>Page&nbsp;2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Response</U></FONT>:
In response to the Staff&rsquo;s comment, ConocoPhillips has filed, as Exhibits 8.1 and 8.2 to the Amended Registration Statement, revised
tax opinions of Kirkland&nbsp;&amp; Ellis LLP and Wachtell, Lipton, Rosen&nbsp;&amp; Katz, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">ConocoPhillips further respectfully advises the Staff that
it has revised disclosures on pages&nbsp;8, 23, and 114-115 of the Amended Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">*</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">*</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">*</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">*</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">*</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If you have any questions concerning the Registration
Statement or require any additional information in connection with the filing, please do not hesitate to contact the undersigned at (212)
403-1172 or by email at GEOstling@wlrk.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 50%"></TD><TD STYLE="width: 50%; text-align: left">Sincerely yours,</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">/s/ Gregory E. Ostling</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Gregory E. Ostling</TD></TR>
     </TABLE>

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<TD STYLE="width: 6%"><FONT STYLE="font-family: Times New Roman, Times, Serif">cc:</FONT></TD><TD STYLE="width: 94%">Zachary S. Podolsky,
                                            Wachtell, Lipton, Rosen&nbsp;&amp; Katz</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Julian J. Seiguer, Kirkland&nbsp;&amp; Ellis LLP</TD></TR>
                                                                                                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Sean T. Wheeler, Kirkland&nbsp;&amp; Ellis LLP</TD></TR>
                                                                                                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Debbie P. Yee, Kirkland&nbsp;&amp; Ellis LLP</TD></TR>
                                                                                                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Atma J. Kabad, Kirkland&nbsp;&amp; Ellis LLP</TD></TR>
                                                                                                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Kelly B. Rose, Senior Vice President, Legal, General Counsel and Corporate Secretary, ConocoPhillips</TD></TR>
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