Benefits Road Shows2017 Annual Benefits Enrollment begins Oct. 21 and ends at

midnight Central time Nov. 11, 2016

2017 Annual Benefits Enrollment

Agenda

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Focus on your benefits:• Are you missing out?

• Medical options – what’s new & changing

Take Action:Making good health care choices

Health Savings Account (HSA)

Retirement & Savings

Global Value Proposition

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Personal – Professional – Financial

G l o b a l V a l u e P r o p o s i t i o n

Engaging Culture

Career Development

Health & Wellness

Competitive Compensation &

Benefits

Financial Security

Living our SPIRIT Values,

Rewarding Performance &

Recognizing Contributions

Innovative Talent Management,

Technical Training, Supervisor

Development &Modeling

Leadership Behaviors

Comprehensive Medical,

Wellness & Employee Assistance Programs

Salary, VCIP, Company Stock Plans, Flexible

Schedules, Paid Time Off &

Compassionate Leaves

Retirement & Savings,Income

Protection,Life Insurance

Fortune 500 Average

Petroleum & PipelinesIndustry Average

Average of COPIndependent Peers (APA,

APC, DVN, MRO, OXY)

Average of COP IntegratedPeers (BP, CVX, RDS, XOM)

ConocoPhillips

Active Medical Retirement Plan Savings Plan Vacation & Holiday

Committed to Competitive Benefits

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How Do We Stack Up?

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10% 4%Investing Registered

HSA WellMatch

4%Participating

Dependent Day Care

FSATeladoc

10%Registered

Savings (401k)

12%Advice services

LTD

57%Enrolled

Tax Free Growth

Tax Savings Income Protection

Time & Money

Health Care Savings

Higher Returns

Are you missing out?

How Claims are Paid

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You seek care They bill Aetna or CVS Caremark

Aetna & CVS Caremark process claims

You & ConocoPhillips

pay for the claim

$104MM2017 Medical Budget

2017 Medical Option Comparisons

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Network features HDHP Base HDHP PPOAnnual cost*You Only / You + Family Coverage $0 / $540 $600 / $1,968 $1,740 / $6,012

Annual deductibleYou Only / Other coverage levels $3,000 / $6,000 $1,400 / $2,800 $1,000 / $2,000

Annual out-of-pocket maximum –Includes medical and prescriptionYou Only / Other coverage levels

$6,000 / $12,000 $4,000 / $8,000 $6,000 / $12,000

Health Savings Account (HSA) company contributionYou Only / Other coverage levels

$250 / $375

Eligible for HSA 100% generic preventive prescription drug coverage Office visit copays Office visit deductible/coinsurance

* Assumes all incentives Changes for 2017 shown in bold

See handout pages 1 - 3 for more details

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Changes to Medical Options

• Prescription drugs available over-the-counter will no longer be covered

Prescription Drugs – All Medical Options

See handout page 4

• Monthly premium increase of $0, $4 or $11

• Company Health Savings Account (HSA) contribution reduced to $250 for You Only coverage & $375 for other coverage levels.

• Phased out in 2018.

• Generic preventive prescription drug coverage – 100%, no maximum (previously $1,500 per person per year)

• Increase to non-network out-of-pocket maximum

HDHP

HDHP Base and PPO• Increase to network & non-network deductibles & out-of-pocket maximums

Focus on Making Good Health Care Choices – Have a Plan

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Emergency Rooms• Critical when you need them;

expensive when you don’t

• 1/3 of COP emergency room visits are for non-urgent needs

What you can do• Know your options

• Have a plan

Urgent Care

ER

$175

$40

$1,300+

See Focus Card on page 5 of handout and Take Action

Focus on Making Good Health Care Choices – Shopping Around

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WellMatch• Register & research how much prices can vary

See Focus Card on page 5 of handout and Take Action

Prices for common procedures vary dramatically

CT Scan

Katy, TX

$325 $2,981

Dental & Vision

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Dental Plan• Preventive Dental option eliminated

• MUST enroll in CP Dental if you’d like to continue coverage

Vision Plan• No changes for 2017

See handout pages 6 & 7 for more details

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• The Hartford to replace MetLife

• No change in your benefits or cost

• No action needed

What’s New

Life Insurance

Long-Term Disability• Monthly premiums decreasing 12%

• You may enroll regardless of health status in Basic Coverage (50% income replacement, non-taxable)

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Contact Aetna or CVS CaremarkReview if your claim can be reprocessed

Contact The Benefits CenterTo work with a benefits specialist

Request Additional AdvocacyAsk to speak to someone at ConocoPhillips

Advocacy Process

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Retirement & Savings

Distributions+/- EarningsContributions

Retirement Savings Vehicles

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Roth 401(k)

Pre-Tax 401(k)

Health Savings Account (HSA)

Invest your HSA• Similar to a 401(k)

(without the TAX!)

• The choice is yours• Cash account –

0.1% to 0.4%• Investments –

Market returns

Distributions+/- EarningsContributions

Distributions+/- EarningsContributions

Focus on Your Health Savings Account (HSA)

• Check your account balance

• Consider investing HSA dollars above $1,000

• Increase your contribution

• Update your beneficiaries to preserve tax benefits

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See Focus Card on page 8 of handout and Take Action

Focus on Your Retirement and Savings

• Vanguard

Retirement Income Calculator

• Personal Online Advisor (FREE!)

• Vanguard Managed Account Service (fee if you enroll)

• Talk to a Certified Financial Planner (FREE if over age 50 or $500K in Vanguard assets)

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Earn/Start• Competitive

Retirement and Savings Plans

Save• Am I

contributing enough?

Grow• Do I have the

right mix of investments?

Preserve• Am I ready for

retirement?

See Focus Card on page 9 of handout and Take Action

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Go to hr.conocophillips.com

When you’re ready to enroll, click on the Enroll Now button to go to Your Benefits Resources (YBR)

Certify Tobacco Free statusConfirm your personal information and beneficiariesEnroll in CP Dental to continue dental coverageReview, print and save your enrollment confirmation page

Focus on your benefits and Take Action:Making good health care choices with Teladoc & WellMatchHealth Savings AccountRetirement and Savings

Action Checklist

See handout page 10 for these important steps

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Go to hr.conocophillips.com

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Enroll now – Go to YBR

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Annual Benefits Enrollment – Research and Enroll

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Tobacco Free Attestation & Benefits Enrollment

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Review, print & save confirmation

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This presentation is intended to be accurate, but if there is any discrepancy between these materials or the presentation and the terms of the official plan documents, the official plan documents will control.

In addition, although ConocoPhillips intends to continue these benefit plans, the company reserves the right to amend, change or terminate any of these benefit plans or provisions at any time.

The Medical Plan is committed to helping you achieve your best health status. Incentives for participating in the U.S. Health Improvement Incentive Program are available to all eligible employees. If you think you might be unable to meet a standard for an incentive under this program, you might qualify for an opportunity to earn the same incentive by a different means. Contact the Benefits Center and we will work with you to find a wellness program with the same incentive that is right for you in light of your health status.

Stuff we have to say

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competitivew

elfa

re Questions?savings + retirement

medical

dent

al

vision benefitsfinancial protection tim

e off

wealth accumulation

2017 Annual Benefits Enrollment is Oct. 21 – Nov. 11, 2016

flexible