Company Profile For ConocoPhillips

ConocoPhillips (ConocoPhillips) is an international, integrated energy company. The Company’s business is organized into six segments. Exploration and Production (E&P) segment explores for, produces and markets crude oil, natural gas and natural gas liquids. Midstream segment gathers, processes and markets natural gas produced by ConocoPhillips and others, and fractionates and markets natural gas liquids. Midstream segment consists of its 50% equity investment in DCP Midstream, LLC. Refining and Marketing (R&M) segment purchases, refines, markets and transports crude oil and petroleum products. LUKOIL Investment segment consists of its equity investment in the ordinary shares of OAO LUKOIL. Chemicals segment manufactures and markets petrochemicals and plastics and consists of its 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem). Emerging Businesses segment includes the Company’s investment in new technologies or businesses outside its scope of operations.

BRIEF: For the nine months ended 30 September 2009, ConocoPhillips's revenues decreased 46% to $109.22B. Net income decreased 75% to $3.64B. Revenues reflects decrease in sales & other operating income, lower equity in earnings of affiliates and decreased other income. Net income also reflects an increased depreciation, depletion & amortization expenses, higher interest expenses and presence of impairments of expropriated assets.