Pay Versus Performance

Under rules adopted pursuant to the Dodd-Frank Act, ConocoPhillips is required to calculate and disclose in a tabular format the “Compensation Actually Paid” (“CAP”) to the CEO and average CAP to all other NEOs. The rules also require ConocoPhillips to disclose in the table the most important other financial performance measure that is measured over the most recently completed single fiscal year and that is used by the company to link company performance and compensation (as reflected in CAP) to the NEOs for that year. We have determined that one-year absolute Adjusted ROCE used for purposes of evaluating the VCIP payout (see “Financial (VCIP & PSP)” beginning on page 79) is such measure for 2024. Compensation decisions at ConocoPhillips are made in accordance with the philosophy and process described in the “Compensation Discussion and Analysis” beginning on page 63 of this Proxy Statement. CAP is a supplemental measure defined by rules adopted pursuant to the Dodd-Frank Act and does not necessarily reflect the value actually realized by our executives. CAP does not replace the performance measures or philosophy and strategy of compensation-setting discussed in the Compensation Discussion and Analysis (see pages 63-93).


	SCT Total⁽¹⁾ for CEO⁽²⁾	Compensation Actually Paid⁽³⁾ to CEO⁽²⁾	Average SCT Total⁽¹⁾for Non- CEO NEOs⁽⁴⁾	Average Compensation Actually Paid⁽³⁾ to Non-CEO NEOs⁽⁴⁾	Value of initial fixed $100 investment based on:		Net Income / (Loss) (Millions of Dollars)	CSM: 1-Year Absolute Adjusted ROCE⁽⁷⁾
Year	SCT Total⁽¹⁾ for CEO⁽²⁾	Compensation Actually Paid⁽³⁾ to CEO⁽²⁾	Average SCT Total⁽¹⁾for Non- CEO NEOs⁽⁴⁾		Company TSR⁽⁵⁾	Peer Group TSR⁽⁶⁾	Net Income / (Loss) (Millions of Dollars)	CSM: 1-Year Absolute Adjusted ROCE⁽⁷⁾
2024	$23,116,284	$12,303,427	$7,806,425	$5,028,663	$182.85	$173.50	$9,245	14.9%
2023	20,770,673	35,636,692	6,971,974	9,288,633	208.09	167.49	10,957	19.2
2022	19,972,339	74,688,355	6,133,798	14,617,414	203.11	182.15	18,680	30.8
2021	23,886,640	59,903,247	7,379,438	12,790,641	119.06	105.41	8,079	16.3
2020	28,054,551	31,889	7,352,737	1,715,641	64.02	66.48	(2,701)	(1.1)

Named Executive Officers, Footnote

⁽²⁾	The CEO for each of the reported years is Mr. Lance.

PEO Total Compensation Amount

$ 23,116,284

$ 20,770,673

$ 19,972,339

$ 23,886,640

$ 28,054,551

Adjustment To PEO Compensation, Footnote

SCT Total to CAP Reconciliation	CEO			Avg. of Non-CEO NEOs
SCT Total	$	23,116,284		$	7,806,425
Minus the increase in actuarial present value of pensions shown under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column of the SCT		(1,829,311)			(1,474,033)
Plus the “service cost” of such pensions^(a)		934,103			195,546
Plus the “prior service cost” of such pensions^(b)		—			—
Minus the grant date fair value of awards shown under the “Stock Awards” column of the SCT^(c)		(15,416,811)			(4,077,870)
Minus the grant date fair value of awards shown under the “Option Awards” column of the SCT^(c)		—			—
Plus the year end fair value of equity awards granted during the year and unvested at year end^(c)		16,312,112	^(d)		4,207,754	^(h)
Plus the vesting date fair value of equity awards granted and vesting during the year^(c)		210,993	^(e)		39,574	⁽ⁱ⁾
Plus or minus the change in fair value from prior year end to current year end of outstanding equity awards granted in a prior year and unvested at year end^(c)		(8,996,257)	^(f)		(1,194,394)	^(j)
Plus or minus the change in fair value from prior year end to the vesting date of equity awards granted in a prior year and vesting during the year^(c)		(2,604,177)	^(g)		(493,335)	^(k)
Minus the prior year end fair value of equity awards forfeited during the year^(c)		—			—
Plus dividends or other earnings paid during the year and prior to the vesting date of any equity awards and not otherwise included in the SCT total		576,491			18,996
Equals CAP	$	12,303,427		$	5,028,663

Non-PEO NEO Average Compensation Actually Paid Amount

$ 5,028,663

9,288,633

14,617,414

12,790,641

1,715,641

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

COMPENSATION ACTUALLY PAID VS. COMPANY AND PEER TSR

Compensation Actually Paid vs. Company Selected Measure [Text Block]

COMPENSATION ACTUALLY PAID VS. 1-YEAR ABSOLUTE ADJUSTED ROCE

Total Shareholder Return Amount

64.02

$ 119.06

$ 203.11

$ 208.09

$ 182.85

Net Income (Loss) Attributable to Parent

$ 9,245,000,000

$ 10,957,000,000

$ 18,680,000,000

$ 8,079,000,000

$ (2,701,000,000)

PEO Name

Lance

Pay vs Performance Disclosure [Table]

Non-GAAP Measure Description [Text Block]

⁽⁷⁾

Absolute Adjusted ROCE is measured over a one-year period as described in “Process for Determining Executive Compensation — Financial (VCIP and PSP)” and “Components of Executive Compensation — Performance-Based Pay Programs” on pages 79 and 72. See page 80 for how Adjusted ROCE is calculated. See Appendix A for non-GAAP reconciliations.