康菲石油 2025年度报告

ConocoPhillips at a Glance As of Dec. 31, 2025 2025 HIGHLIGHTS Operational Produced2,375thousand barrels of oilequivalent per day.AdvancedWillowproject in Alaska andequity LNG projects inQatar and on the U.S.Gulf Coast.Delivered Lower 48drilling and completionefficiencies >15%yearover year.Achievedfirst oil atSurmont Pad 104W-Aon budget and ahead ofschedule. Distributed $9.0 billion,or45% of cash fromoperations, toshareholders.Increased ordinarydividend by 8%, in linewith goal to delivertop-quartile dividendgrowth in S&P 500.Improved net debt by~$2 billioncomparedwith year-end 2024.Outperformedinitialproduction, capital andcost guidance. Integrated MarathonOil with>25% moreresourceand>$1 billionsynergy capture.Made strong progresson>$1 billion costreduction and marginenhancementefforts.Placed initial 5 MTPA ofPort Arthur LNG Phase 1offtake;total offtakenow 10 MTPA.Achievedannual Scope 1and 2 GHG emissionsintensity target. WHO WE ARE As a leading global exploration and production company, ConocoPhillips is uniquely equippedto deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio isbuilt to meet growing global energy demands. Together with our high-performing operationsand continuously advancing technology, we are well positioned to deliver strong, consistentfinancial results, now and for decades to come. $122B Balanced,diversified global One of theworld’s leadingexplorationand productioncompanies 14Countries withoperations andactivities UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 Form 10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember 31, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _______________ to _______________Commission file number:001-32395 ConocoPhillips(Exact name of registrant as specified in its charter) 01-0562944 Delaware (I.R.S. Employer identification No.) 925 N. Eldridge Parkway, Houston, TX 77079(Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code:281-293-1000Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.☒Yes☐No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large Accelerated Filer☒Accelerated filer☐Non-accelerated filer☐Smaller reportingcompany☐Emerging growthcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by checkmark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).☐Yes☒No The registrant had 1,222,339,152 shares of common stock outstanding at January 31, 2026. Documents incorporated by reference:Portions of the Proxy Statement for the Annual Meeting of Stockholders to be held on May 12, 2026 (Part III) Table of Contents Com