ConocoPhillips Appoints Caroline Maury Devine to its Board of Directors; Announces Richard Auchinleck’s Intent Not to Stand for Re-Election in 2018

ConocoPhillips (NYSE:COP) today announced that its board of directors has elected Caroline Maury Devine to serve as a board member. Richard Auchinleck also notified the board of directors that he does not intend to stand for re-election as a director of the company at the end of his current term.

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“ConocoPhillips will benefit from Ms. Devine’s broad range of expertise in management and international affairs within our industry, as well as from her government experience and service on other public company boards,” said Ryan Lance, chairman and chief executive officer of ConocoPhillips.

"On behalf of the board and company, I would also like to take the opportunity to thank Mr. Auchinleck for his leadership over the past 15 years. His contributions have been invaluable to us and we will miss him greatly.”

Ms. Devine also currently serves on the boards of JBT Corporation and Valeo, as a member of the Nominating Committee of Petroleum Geo-Services ASA and as a member of the Council on Foreign Relations. She previously served on the boards of Det Norske Veritas, FMC Technologies, Inc. and Technip. She is also a former Fellow at Harvard University’s Belfer Center for Science and International Affairs.

Ms. Devine began her career by serving the U.S. government for 15 years in positions on the White House Domestic Policy Staff, in the U.S. Embassy in Paris and in the Drug Enforcement Administration. In 1988 she joined Mobil Corporation, holding various corporate positions responsible for shareholder relations and governance issues, as well as international government relations. She then served as president and managing director of a Norwegian affiliate of ExxonMobil from 1996 to 2000.

Ms. Devine will serve on the Audit and Finance Committee and the Public Policy Committee of the ConocoPhillips board.

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About ConocoPhillips

ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 17 countries, $78 billion of total assets, and approximately 12,200 employees as of June 30, 2017. Production excluding Libya averaged 1,503 MBOED for the six months ended June 30, 2017, and proved reserves were 6.4 billion BOE as of Dec. 31, 2016. For more information, go to www.conocophillips.com.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. In many cases you can identify forward-looking statements by terminology such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, there can be no assurance that such expectation or belief will result or be achieved. The actual results of operations can and will be affected by a variety of risks and other matters including, but not limited to, changes in commodity prices; changes in expected levels of oil and gas reserves or production; operating hazards, drilling risks, unsuccessful exploratory activities; difficulties in developing new products and manufacturing processes; unexpected cost increases; international monetary conditions; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; and general domestic and international economic and political conditions; as well as changes in tax, environmental and other laws applicable to our business. Other factors that could cause actual results to differ materially from those described in the forward-looking statements include other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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