Contributing to the Global Economy

Our global operations contribute substantially to social and economic development in the communities in which we operate. For example, our direct economic contributions during 2006 included:

• Taxes – $31 billion in total tax revenue to governments was generated by our continuing operations.
• Shareholder dividends – $2.3 billion in cash dividends were paid on ConocoPhillips common stock. Additionally, repurchases of company common stock totaled $925 million.
• Capital investments – ConocoPhillips reinvested $15.6 billion in capital expenditures and investments into our businesses.
• Expenses from various vendors and suppliers incurred:
  • $10.4 billion for production and operating expenses;
  • $2.5 billion for selling, general and administrative expenses; and
  • $834 million in exploration expenses.
• Interest expense – we incurred $1.1 billion in interest and debt expense.