ConocoPhillips’ approach to sustainable development stems from our fundamental intent to prosper as a business and to meet the energy needs of present and future generations. In doing so, we also will create value and improve living standards for our stakeholders.

Our approach to delivering on this objective is based on meeting nine specific commitments that lead to measurable actions across each of the three areas of sustainable development: environmental protection, economic growth and social improvement.

Our nine commitments are:

• Increase the availability of ever-cleaner energy
• Be transparent and accountable by measuring and reporting both our financial and nonfinancial performance
• Operate to the highest safety standards
• Positively impact communities wherever we operate
• Minimize the environmental impact of our operations
• Invest in the well-being and development of our employees
• Constantly improve the energy and material efficiency of our operations
• Practice and uphold the highest ethical standards
• Ensure the long-term financial viability of the company

Only by understanding and responding to the opportunities and risks associated with the changing needs and expectations of our stakeholders can we enhance current and long-term profitability.

This report uses the nine sustainable development commitments as the framework for discussing our performance. Our position also lays out five competencies that we believe a company must have in order to successfully promote sustainable development: integration, stakeholder engagement, life-cycle management, knowledge management and innovation.

Examples of these capabilities at work within ConocoPhillips can be found throughout the report. See our Web site (http://www.conocophillips.com/sd/) for the full sustainable development position and more about our nine commitments.

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