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Calculate the 2014 Production Replacement Ratio (for NATURAL GAS LIQUIDS, Consolidated operations) Hint: See page 140 of the 10-K report. Note: Compute the above ratio

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Calculate the 2014 Production Replacement Ratio (for NATURAL GAS LIQUIDS, Consolidated operations) Hint: See page 140 of the 10-K report. Note: Compute the above ratio in for ConocoPhillips using the 2014 10-K filing you have been provided on the course content. Type your answers and show your work. / credit is given if a question is attempted but it is wrong. If a student does not provide evidence of their work, credit will not be given - so be sure to show your calculations, Years Ended December 31 Natural Gas Liquids Millions of Barrels Asia Pacific Canada Europe Middle East Lower 48 Total U.S. Other Areas Alaska Africa Total 18 127 1 402 (10) 529 (9) 35 (2) 31 (3) 670 (13) 1 40 (30) 1 40 (36) (6) (6) (1) (2) (1) 30 1 43 (54) 0 646 50 17 122 9 403 36 525 45 22 (5) 10 Developed and Undeveloped Consolidated operations End of 2011 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2012 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2013 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2014 g. e ........-9 58 58 62 (34) (40) (5) 125 (0) 462 (13) (0) 587 (13) 28 14 56 15 14 2 699 3 26 (35) 26 (40) (5) (3) 6) 3 (8) ( 65 (1) (13) 29 (55) (14) 662 120 560 24 13 51 51 3) 48 Equity affiliate End of 2011 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2012 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2013 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2014 (3) (3) 45 10 10 (2) (2) 53 53 Total company End of 2011 End of 2012 End of 2013 End of 2014 127 122 125 120 402 403 462 440 529 525 587 560 57 52 56 65 35 30 28 24 82 70 59 66 18 17 14 721 694 744 715 140 Calculate the 2014 Production Replacement Ratio (for NATURAL GAS LIQUIDS, Consolidated operations) Hint: See page 140 of the 10-K report. Note: Compute the above ratio in for ConocoPhillips using the 2014 10-K filing you have been provided on the course content. Type your answers and show your work. / credit is given if a question is attempted but it is wrong. If a student does not provide evidence of their work, credit will not be given - so be sure to show your calculations, Years Ended December 31 Natural Gas Liquids Millions of Barrels Asia Pacific Canada Europe Middle East Lower 48 Total U.S. Other Areas Alaska Africa Total 18 127 1 402 (10) 529 (9) 35 (2) 31 (3) 670 (13) 1 40 (30) 1 40 (36) (6) (6) (1) (2) (1) 30 1 43 (54) 0 646 50 17 122 9 403 36 525 45 22 (5) 10 Developed and Undeveloped Consolidated operations End of 2011 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2012 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2013 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2014 g. e ........-9 58 58 62 (34) (40) (5) 125 (0) 462 (13) (0) 587 (13) 28 14 56 15 14 2 699 3 26 (35) 26 (40) (5) (3) 6) 3 (8) ( 65 (1) (13) 29 (55) (14) 662 120 560 24 13 51 51 3) 48 Equity affiliate End of 2011 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2012 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2013 Revisions Improved recovery Purchases Extensions and discoveries Production Sales End of 2014 (3) (3) 45 10 10 (2) (2) 53 53 Total company End of 2011 End of 2012 End of 2013 End of 2014 127 122 125 120 402 403 462 440 529 525 587 560 57 52 56 65 35 30 28 24 82 70 59 66 18 17 14 721 694 744 715 140

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