Compensation and Additional Employee Benefits – U.S.

Below are highlights of the compensation programs and some of the additional benefits and plans available to most U.S.-paid employees at ConocoPhillips. This is not a summary plan description or official plan document. If there is any conflict between this information and the official plan documents, the official plan documents will govern.

See also: Health and Welfare Benefits

Compensation
  • Regular base pay (including overtime for non-exempt and hourly jobs)
  • Annual cash bonus based upon company, business and individual performance
  • Eligibility for Restricted Stock Units at certain grade levels
  • Annual salary adjustment opportunities
 
Retirement Plan
  • All new hires participate in a cash balance plan
  • Eligible on the first day of the month after start date
  • 6%, 7% or 9% of pay added monthly to your account, based upon age and service years points
  • Interest added monthly to your account based upon prior month's balance
  • Interest crediting rate is tied to the 30-year Treasury Securities Rate
  • 100% vested after three years of service (at least 1,000 hours per year)
 
Savings Plan
  • Employees must contribute at least 1.00% of eligible pay to receive a 9.00% company match.
  • Employees may contribute up to 75% of eligible pay on a before-tax, after-tax or Roth 401(k) basis. There are a wide range of investment funds among which to invest their contributions and the company matching contributions.
  • Participants are immediately 100% vested in all contributions.
  • Generally, active employees on the direct U.S.-dollar payroll of a ConocoPhillips company that has adopted this plan are immediately eligible to participate in the plan. 
     
Paid Time Off
  • Vacation, Holidays, Family illness
 Careers with Energy - Be challenged. Daily.
 
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