Specialized Disclosure Report (Form SD)

Resource Extraction Payment Report

This exhibit to Form SD presents payments made by ConocoPhillips to the U.S. federal government and foreign governments for the purpose of commercial development of oil and natural gas during the year ended December 31, 2024. The information within this report has been prepared and is presented in accordance with Rule 13q-1 (17 CFR 240.13q-1) under the Securities Exchange Act of 1934, as amended ("the Rule"). This report is limited to payments required to be disclosed by the Rule and does not include other payments and contributions to governmental and civic entities beyond the scope of the Rule. Therefore, amounts disclosed in this report differ from disclosures in ConocoPhillips' other publicly available financial reports, including those found within periodic reports filed with the U.S. Securities and Exchange Commission.

This report includes all payments made in 2024 by Marathon Oil Corporation (Marathon Oil) that are subject to reporting requirements. As Marathon Oil was a resource extraction issuer subject to reporting under the Rule prior to acquisition by ConocoPhillips, all reportable payments made by Marathon Oil, both before and after the acquisition date, are included in this report. Payments are presented in the segments and projects to which they were associated after the acquisition.

Payments

Payments are disclosed on a cash basis, according to the year during which the payment was made (rather than on an accrual basis). Only payments of the types defined within the Rule and for which ConocoPhillips made payments during the reporting period are presented. In-kind payments are reported at cost or at fair value, as indicated in the tables below.

Currency

All payments are reported in thousands of United States dollars (U.S. Dollars or USD). Payments made in other currencies have been converted into USD by translating the payment at the exchange rate existing at the time the payment was made.

Projects

Payments are grouped into projects, which, in accordance with the Rule, are defined as the combination of the country, the designation of "onshore" or "offshore" and body of water, and the political subnational jurisdiction of the associated extractive activities. Countries and political subnational jurisdictions are designated by ISO 3166 country codes. The resources being extracted are oil and natural gas, all with the extraction method of "well," unless otherwise noted. Obligations levied at the entity level rather than on a particular project are disclosed as entity level payments.

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Payment Overview

			Payments in Thousands of U.S. Dollars
Country			Taxes			Royalties			Fees			Production Entitlements			Bonuses			Community and Social Responsibility			Total
Australia			$	-		-			446			-			-			-			446
Cambodia			-			-			250			-			-			-			250
Canada			20,206			199,985			14,286			-			-			-			234,477
China			177,433			-			238			-			-			-			177,671
Equatorial Guinea			56,961			2,592			1,216			148,805			337			4,104			214,015
Libya			1,278,777			105,423			83			-			-			-			1,384,283
Malaysia			241,507			-			6,913			-			-			-			248,420
Norway			1,608,237			-			70,777			181,063			-			-			1,860,077
United Kingdom			18,640			-			240			-			-			-			18,880
United States			296,705			558,780			5,866			-			-			-			861,351
Total			$	3,698,466		866,780			100,315			329,868			337			4,104			4,999,870

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Segment Reporting

Alaska Segment

			Payments in Thousands of U.S. Dollars
Government Entity			Project			Payment Currency			Royalties			Fees			Total
Office of Natural Resources Revenue			Onshore/US/US-AK/Oil/Natural Gas/Well			USD			$	51,522		3,740			55,262
Bureau of Land Management			Onshore/US/US-AK/Oil/Natural Gas/Well			USD			-			189			189
Alaska Total									$	51,522		3,929			55,451

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Lower 48 Segment

			Payments in Thousands of U.S. Dollars
Government Entity			Project			Payment Currency			Royalties			Fees			Total
Office of Natural Resources Revenue			Onshore/US/US-MT/Oil/Natural Gas/Well			USD			$	6		6			12
			Onshore/US/US-NM/Oil/Natural Gas/Well			USD			382,152			41			382,193
			Onshore/US/US-ND/Oil/Natural Gas/Well			USD			98,989			2			98,991
			Onshore/US/US-WY/Oil/Natural Gas/Well			USD			24			3			27
			Offshore-Gulf of America/US/US-LA/Oil/Natural Gas/Well			USD			25,422			-			25,422
Bureau of Land Management			Onshore/US/US-NM/Oil/Natural Gas/Well			USD			-			1,386			1,386
			Onshore/US/US-NM/Caliche/Open Pit			USD			665			-			665
			Onshore/US/US-ND/Oil/Natural Gas/Well			USD			-			499			499
Lower 48 Total									$	507,258		1,937			509,195
Payments made by Marathon Oil Corporation are included in the reporting by payment type and project above.

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Canada Segment

			Payments in Thousands of U.S. Dollars
Government Entity			Project			Payment Currency			Taxes			Royalties			Fees			Total
Government of Canada			Onshore/CA/CA-AB/Oil/Well			CAD			$	-		-			101			101
Province of Alberta			Onshore/CA/CA-AB/Oil/Natural Gas/Well			CAD			-			167,316			5,103			172,419
Province of British Columbia			Onshore/CA/CA-BC/Oil/Natural Gas/Well			CAD			1,763			32,669			2,276			36,708
Regional Municipality of Wood Buffalo			Onshore/CA/CA-AB/Oil/Well			CAD			18,443			-			-			18,443
Blueberry River First Nation			Onshore/CA/CA-BC/Oil/Natural Gas/Well			CAD			-			-			1,458			1,458
Fort McMurray 468 First Nation			Onshore/CA/CA-AB/Oil/Well			CAD			-			-			830			830
Halfway River First Nation			Onshore/CA/CA-BC/Oil/Natural Gas/Well			CAD			-			-			784			784
Heart Lake First Nation Consultation			Onshore/CA/CA-AB/Oil/Well			CAD			-			-			136			136
Metis Nation of Alberta Local Council 1935			Onshore/CA/CA-AB/Oil/Well			CAD			-			-			132			132
Chipewyan Prairie First Nation			Onshore/CA/CA-AB/Oil/Well			CAD			-			-			3,262			3,262
Conklin Resource Development Advisory Committee			Onshore/CA/CA-AB/Oil/Well			CAD			-			-			204			204
Canada Total									$	20,206		199,985			14,286			234,477

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Europe, Middle East and North Africa Segment

United Kingdom

			Payments in Thousands of U.S. Dollars
Government Entity			Project			Payment Currency			Taxes			Fees			Total
HM Revenue & Customs			Offshore-North Sea/GB/GB-STT/Oil/Natural Gas/Well			GBP			$	18,640		-			18,640
North Sea Transition Authority			Offshore-North Sea/GB/GB-NBL/Oil/Natural Gas/Well			GBP						240			240
United Kingdom Total									$	18,640		240			18,880

Equatorial Guinea

			Payments in Thousands of U.S. Dollars
Government Entity			Project Name			Payment Currency			Taxes			Royalties			Fees			Production Entitlements			Bonuses			Community and Social Responsibility			Total
EG Federal Government			Offshore-Gulf of Guinea/GQ/GQ-BN/Oil/Natural Gas/Well			In-Kind1			$	-		-			-			-			-			4,104			4,104
EG Ministry of Mines and Hydrocarbons			Offshore-Gulf of Guinea/GQ/GQ-BN/Oil/Natural Gas/Well			USD			-			-			528			-			-			-			528
						XAF			-			-			507			-			-			-			507
						In-Kind2			-			-			-			131,213			-			-			131,213
GEPetrol			Offshore-Gulf of Guinea/GQ/GQ-BN/Oil/Natural Gas/Well			In-Kind2			-			-			-			17,592			-			-			17,592
						USD			-			312			-			-			-			-			312
Tesoreria y Patrimonio del Estado			Offshore-Gulf of Guinea/GQ/GQ-BN/Oil/Natural Gas/Well			USD			22,864			2,280			158			-			-			-			25,302
						XAF			34,097			-			23			-			337			-			34,457
Equatorial Guinea Total									$	56,961		2,592			1,216			148,805			337			4,104			214,015
Payments made by Marathon Oil are included in the reporting by payment type and project.
¹ Community and social responsibility payments made in-kind are reported at actual cost.
² Production entitlements in-kind payments represent the market value of volumes conveyed to the EG Government.

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Libya

			Payments in Thousands of U.S. Dollars
Government Entity			Project Name			Payment Currency			Taxes			Royalties			Fees			Total
Ministry of Oil and Gas			Onshore/LY/LY-WA/Oil/Natural Gas/Well			USD			$	1,278,777		105,423			-			1,384,200
						LYD			-			-			83			83
						Libya Total									$	1,278,777		105,423			83			1,384,283

Norway

			Payments in Thousands of U.S. Dollars
Government Entity			Project			Payment Currency			Taxes			Fees			Production Entitlements			Total
Sokkeldirektoratet			Offshore-North Sea/NO/NO-11/Oil/Natural Gas/Well			NOK			$	-		64,782			-			64,782
			Offshore-Norwegian Sea/NO/NO-46/Oil/Natural Gas/Well			NOK			-			2,082			-			2,082
Skatteetaten			Entity Level Payment			NOK			1,608,237			-			-			1,608,237
Havindustritilsynet			Offshore-North Sea/NO/NO-11/Oil/Natural Gas/Well			NOK			-			1,765			-			1,765
Petoro			Offshore-North Sea/NO/NO-11/Oil/Natural Gas/Well			In-Kind¹			-			-			181,063			181,063
Naeringslivets NOx Fond			Offshore-North Sea/NO/NO-11/Oil/Natural Gas/Well			NOK			-			2,148			-			2,148
Norway Total									$	1,608,237		70,777			181,063			1,860,077
¹In-kind payments of $181,063 thousand represent 2,330 MBOE valued at regional market prices.

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Asia Pacific Segment

Australia

			Payments in Thousands of U.S. Dollars
Government Entity			Project			Payment Currency			Fees			Total
National Offshore Petroleum Safety and Environmental Management Authority			Offshore-Commonwealth Waters/AU/AU-VIC/Natural Gas/Well			AUD			$	268		268
			Offshore-Commonwealth Waters/AU/AU-TAS/Natural Gas/Well			AUD			179			179
Australia Total									$	446		446

China

			Payments in Thousands of U.S. Dollars
Government Entity			Project			Payment Currency			Taxes			Fees			Total
Tianjin Municipal Tax Service, State Taxation Administration			Offshore-Bohai Sea/CN/CN-TJ/Oil/Well			CNY			$	174,163		238			174,401
CNOOC (China) Ltd - Tianjin Branch			Offshore-Bohai Sea/CN/CN-TJ/Oil/Well			CNY			3,270			-			3,270
			China Total									$	177,433		238			177,671

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Malaysia

			Payments in Thousands of U.S. Dollars
Government Entity			Project			Payment Currency			Taxes			Fees			Total
Ketua Pengarah Hasil Dalam Negeri			Offshore-South China Sea/MY/MY-12/Oil/Natural Gas/Well			MYR			$	186,368		-			186,368
			Entity Level Payment/MY			MYR			870			-			870
Pengarah Kastam Negeri			Offshore-South China Sea/MY/MY-12/Oil/Natural Gas/Well			MYR			12,602			-			12,602
Petroliam Nasional Berhad			Offshore-South China Sea/MY/MY-12/Oil/Natural Gas/Well			MYR			-			6,913			6,913
Bendahari Negeri Sabah			Offshore-South China Sea/MY/MY-12/Oil/Natural Gas/Well			MYR			41,667			-			41,667
Malaysia Total									$	241,507		6,913			248,420

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Other International Segment

Cambodia

Payments in Thousands of U.S. Dollars

Government Entity

Project

Payment Currency

Fees

Total

Ministry of Mines and Energy

Onshore/KH/KH-12/Oil/Natural Gas/Well

USD

$

250

250

Cambodia Total

$

250

250

Corporate and Other

Corporate Entity Level Payments

Payments in Thousands of U.S. Dollars

Government Entity

Project

Payment Currency

Taxes

Total

Internal Revenue Service

Entity Level Payment/US

USD

$

296,705

296,705

Corporate and Other Total

$

296,705

296,705

Includes payments made by Marathon Oil Corporation. This report contains only those payments that are subject to disclosure requirements and excludes state and local income taxes paid within the United States. Please refer to the ConocoPhillips 2024 Annual Report on Form 10-K for income tax disclosures including U.S. state and local income taxes.

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