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Posted on Jul 15, 2024

For ConocoPhillips (COP): Calculate the 2014 Production Ratio (for TOTAL PROVED RESERVES. Consolidated operations) Hint: See page 146 of the 2014 10-K report. Note: Compute

For ConocoPhillips (COP): Calculate the 2014 Production Ratio (for TOTAL PROVED RESERVES. Consolidated operations) Hint: See page 146 of the 2014 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. y 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 Lower 48 Total Proved Reserves Millions of Barrels of Oil Equivalent Total Asia Pacific US Canada Europe Middle East Other Areas Alaska Africa Total 117 1,804 (5) 16 964 (36) 870 42 693 29 406 20 1.896 (75) 5 3 297 (176) 3,700 (80) 21 3 319 (265) 22 (89) 19 (71) 10 (86) (18) 7 (35) 34 (74) (27) 655 6,750 (25) 21 3 389 (531) 45 6,562 263 22 818 1,950 92 117 1,748 14 21 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 3,698 106 21 876 124 1 398 38 (3) 387 9 (84) 378 (189) 46 (73) (3) 16 (81) 23 (27) (44) 35 (65) (0) 970 48 2 (117) (27 (44) 3,895 90 8 1,708 (19) 8 2,187 109 507 (519) (188 6,647 154 13 785 409 (10) 588 26 3 17 (78) 184 (206) 201 (284) 50 (61) 3) 1,006 (78) 17 (81) (11) (156) 242 268 (515) (159) 6,408 1,636 2.274 3.910 697 553 909 700 (13) 207 28 1 1.637 195 307 (29) 55 (39) (21) 682 11 362 (73) (41) 2,080 58 (5) (20) 4 1 1.394 46 Equity affiliates 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 46 (35) 164 (38) (1) 210 (74) 1,451 (14) 819 155 4 3 2,274 144 74 (43) 89 (38) (2) 163 (83) 1,468 1,025 5 2,498 Total company End of 2011 End of 2012 End of 2013 End of 2014 1,804 1.748 1,708 1,636 1,896 1.950 2,187 2,274 3,700 3,698 3,895 3.910 1,873 2.270 2,421 2.474 870 818 785 697 1,393 1.337 1,407 1,578 406 398 409 242 145 121 4 5 8,387 8,642 8,921 8.906 146 For ConocoPhillips (COP): Calculate the 2014 Production Ratio (for TOTAL PROVED RESERVES. Consolidated operations) Hint: See page 146 of the 2014 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. y 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 Lower 48 Total Proved Reserves Millions of Barrels of Oil Equivalent Total Asia Pacific US Canada Europe Middle East Other Areas Alaska Africa Total 117 1,804 (5) 16 964 (36) 870 42 693 29 406 20 1.896 (75) 5 3 297 (176) 3,700 (80) 21 3 319 (265) 22 (89) 19 (71) 10 (86) (18) 7 (35) 34 (74) (27) 655 6,750 (25) 21 3 389 (531) 45 6,562 263 22 818 1,950 92 117 1,748 14 21 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 3,698 106 21 876 124 1 398 38 (3) 387 9 (84) 378 (189) 46 (73) (3) 16 (81) 23 (27) (44) 35 (65) (0) 970 48 2 (117) (27 (44) 3,895 90 8 1,708 (19) 8 2,187 109 507 (519) (188 6,647 154 13 785 409 (10) 588 26 3 17 (78) 184 (206) 201 (284) 50 (61) 3) 1,006 (78) 17 (81) (11) (156) 242 268 (515) (159) 6,408 1,636 2.274 3.910 697 553 909 700 (13) 207 28 1 1.637 195 307 (29) 55 (39) (21) 682 11 362 (73) (41) 2,080 58 (5) (20) 4 1 1.394 46 Equity affiliates 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 46 (35) 164 (38) (1) 210 (74) 1,451 (14) 819 155 4 3 2,274 144 74 (43) 89 (38) (2) 163 (83) 1,468 1,025 5 2,498 Total company End of 2011 End of 2012 End of 2013 End of 2014 1,804 1.748 1,708 1,636 1,896 1.950 2,187 2,274 3,700 3,698 3,895 3.910 1,873 2.270 2,421 2.474 870 818 785 697 1,393 1.337 1,407 1,578 406 398 409 242 145 121 4 5 8,387 8,642 8,921 8.906 146