康菲石油的市场更新重申了其在2020 -2031计划中坚持自律、注重回报的战略的承诺

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公司提供Concho交易更新;增加2021份股份回购10亿美元;减少2021资本并调整运营成本指导

休斯顿- Conocophillips(纽约证券交易所致辞)今天将举办市场更新,以重申其对2016年推出的纪律处分,以归属于纪律的努力策略的承诺。本公司将概述一个反映众多转型活动的营运和财务计划的详细信息在过去的18个月内进行,最值得注意的是收购科技。

“我们期待提供今天的市场更新,这是在我们的行业的一个决定性时刻,”Ryan Lance,董事长兼首席执行官说。“我们相信,我们正在进入一个具有建设性的业务环境,但我们也认识到,我们正处于一个不断演变的能源转型时期。康菲石油公司正在用一个非常引人注目的计划来应对这一时刻,该计划具有弹性和耐用性,但也具有灵活性。随着未来的发展,我们能够也将会适应,同时继续专注于通过周期为股东提供更高的回报。我们相信,在我们的勘探开发部门,没有任何一家公司能提供比这一重要业务更有投资价值的计划。”

今天的市场更新包括以下亮点:

  • 增加了预期的Concho交易相关的协同作用,每年节省10亿美元;
  • 由于业务执行更强,减少2021个资本支出,并调整运营成本指导,分别为2亿美元和1亿美元;
  • 增加2021美元的计划股份回购10亿美元,将年度全部计划分配到约60亿美元,或目前市场资本化的7%;
  • 预期现金从运营〜1450亿美元,自由现金流量〜7000亿美元以上的10年期间,每桶WTI每桶50美元,基于2020年的实际价格,每年升级为2%;
  • 资本支出预计平均每年约70亿美元,每年复合产量增长约3%,平均再投资率约为50%;
  • 计划期间估计超过650亿美元的股东股东回报,从运营中完全资助现金;
  • 聘请资本员工每年预计将增长1至2个百分点,余额表实力在整个计划期间进一步改善;和
  • 该公司的目标是到2050年实现净零排放(范围1和2)。

Lance继续,“我们为我们称之为三重授权的企业带来了一个新的迫使。我们希望在任何途径中发挥重要作用,通过投资提供最低的供应桶的成本,提供资金和资本的竞争回报,以及实现我们的净零排放野心。自2016年以来,我们一直在持续的道路上成为业务中最相关的,可持续的E&P公司。今天的强有力的10年计划在这方面迈出了另一步。“

康菲石油的市场更新将于上午9点开始。预计将持续约两个小时,包括问答环节。康菲石油公司投资者关系网站将提供现场网络直播和幻灯片的链接,www.garage-suites.com/investor.,大约在网络直播开始前15分钟。这次活动还将被存档,并在当天晚些时候可以重播,随后不久将发布一份记录。

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关于康菲石油公司

总部设在德克萨斯州休斯顿,康诺菲斯在15个国家的运营和活动,总资产840亿美元,约3月31日的员工约为10,300名员工。除了截至3月31日,2021年3月31日的三个月内,利比亚的产量将平均为1,488毫巴,并批准储备截至12月31日,截至12月31日,截至12月31日。更多信息,转到www.garage-suites.com.

联系人

丹尼斯的主犯(媒体)
281-293-1149
dennis.nuss@conocophillips.com.

投资者关系
281-293-5000
investor.relations@conocophillips.com

1995年私人证券诉讼改革法案“安全港”条款的警示声明

此新闻稿包含联邦证券法规定的前瞻性陈述。前瞻性陈述与未来的事件,计划和预期的业务,业务战略以及我们运营或运营结果的其他方面的结果。投入到未来日期的图形构成前瞻性陈述。另外,诸如“预测”的词语和短语,“估计”,“相信”,“预算”,“继续”,“可以”,“”打算“,”愿,“”计划“,”潜在“,”预测,““”寻求“,”应该,“”愿意,“”愿“,”“客观”,“投影,”预测,“”进球“,”指导“,”努力“,”努力“”努力“”努力“”努力“”目标“和其他类似的单词可用于识别前瞻性陈述。然而,没有这些话并不意味着陈述不是前瞻性的。Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is believed to be reasonable at the time such forward-looking statement is made based on management’s good faith plans and objectives under the following assumptions: the phased conversion of acquired volumes from 2-stream to 3-stream accounting beginning in 2022; exclusion of Libya and the Willow project in Alaska in production and capital forecasts, as well as associated metrics; inclusion of resources associated with Libya and the Willow project in total resources; an oil price of $50/BBL West Texas Intermediate in 2020 dollars, escalating at two percent annually; an oil price of $55/BBL Brent in 2020 dollars, escalating at two percent annually; a gas price of approximately $3/MMBTU Henry Hub in 2020 dollars increasing in real terms towards a price of approximately $3.25 by 2031, escalating at two percent annually; cost and capital escalation in line with price escalation; and inclusion of carbon tax in the cash flow forecasts for assets where a tax is currently assessed. If no carbon tax exists for the asset, it is not included in the cash flow forecasts. These statements are not guarantees of future performance and involve certain risks and uncertainties and are subject to change as management is continually assessing factors beyond our control that may or may not be currently known. Given the foregoing and the extended time horizon of this presentation, actual outcomes and results will likely differ from what is expressed or forecast in the forward-looking statements, and such differences may be material. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete our announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for our announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions during or following our announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related to our transaction with Concho Resources Inc. (Concho); the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the operations of Concho with our operations and achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Concho transaction; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. We assume no duty to update these statements as of any future date and neither future distribution of this material nor the continued availability of this material in archive form on our website should be deemed to constitute an update or re-affirmation of these figures as of any future date. Any future update of these figures will be provided only through a public disclosure indicating that fact.

向美国投资者提出警示-美国证券交易委员会(SEC)允许油气公司在提交给SEC的文件中只披露已探明、可能和可能的储量。我们可以使用术语“资源”在这个新闻发布会上,美国证券交易委员会的指导方针禁止我们包括与SEC备案文件。美国投资者则被要求考虑密切的石油和天然气的披露形式10 - k和其他报告和文件与SEC。副本可用从美国证券交易委员会(SEC)和康菲石油公司的网站。

使用非公认会计准则财务信息-本新闻稿包含了一定的财务措施,不按照GAAP准备,包括运营成本,调整运营成本,从运营现金,自由现金流量和所雇用的资本回报(ROCE)。

公司认为,非公认会计准则衡量的运营成本和调整后的运营成本对投资者来说是有用的,有助于在一致的基础上,将公司的运营业绩与公司的核心业务运营跨时期进行比较,并与同行公司的业绩和成本结构进行比较不包括与公司核心业务不直接相关的项目。经营成本是指公司的生产经营费用、销售费用、一般和管理费用、勘探一般和管理费用、地质和地球物理费用、租赁租金和其他勘探费用的总和。调整后的营运成本定义为进一步调整的公司营运成本,以排除与公司核心业务业务不直接相关的费用,并在这些调整影响营运成本的程度上纳入调整,以获得调整后的收益。该公司进一步认为,非公认会计准则衡量的运营现金对投资者来说是有用的,有助于帮助理解经营活动提供的现金变化,在一致的基础上,排除与跨时期经营营运资本变化相关的时间影响,并与同行公司的业绩。公司认为,自由现金流有助于投资者理解如何利用现有运营现金作为维持当前资本计划和未来发展增长的来源。自由现金流的定义是,除去资本支出和投资后,来自经营活动的现金。自由现金流不是用来衡量可自由支配支出的现金,因为公司有某些非自由支配义务,如偿债,不能从该计量中扣除。该公司认为ROCE是一个很好的指标,长期的公司和管理绩效。ROCE是康菲石油公司用于其业务的资本盈利能力的衡量指标。康菲石油将ROCE计算为一个比率,其分子是历史报告或预测的净收入加上税后利息费用,分母是平均总股本加上总债务。公司认为,上述非GAAP措施,结合公司按照GAAP编制的结果来看,提供了一个更完整的了解影响公司业务和绩效的因素和趋势。公司董事会和管理层在监督和管理公司业务时也使用这些非公认会计准则来分析公司跨时期的经营业绩。

本新闻稿中包含的每个非GAAP措施都具有局限性作为分析工具,不应孤立或作为根据GAAP计算的公司结果的替代品。此外,由于并非所有公司都使用相同的计算,本公司在本新闻发布中介绍了非GAAP措施,以及随附的补充财务信息可能与其他公司在其中包括我们行业的公司披露的类似标题措施不可媲美。该公司还可以根据现有的运营不时更改本新闻发布和随附的补充财务信息中包含的任何非GAAP措施的计算,以包括可能影响其运营的其他调整。

本新闻稿中包含的任何与当期相关的非公认会计准则措施都将伴随着对最近的相应公认会计准则措施的调整。对于前瞻性的非公认会计准则措施,我们无法提供对最可比的公认会计准则财务措施的调和,因为调和这些措施所需的信息依赖于未来事件,如上文所述,其中许多事件不在管理层的控制范围之内。此外,估计这些GAAP措施并提供一个与我们的会计政策相一致的有意义的对账是极其困难的,并且需要一种精度水平,而这种精度在这些未来的时期是不可获得的,如果没有不合理的努力是无法实现的。前瞻性非公认会计准则措施的估计与相关定义和假设一致。

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