Entire Report
(3.8MB .PDF)
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ConocoPhillips 2006 Annual Report |
Cover - Page 3
(604KB .PDF) |
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Cover
Table of Contents
Highlights
Worldwide Operations
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Pages 4 - 7
(199KB .PDF) |
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Letter to Shareholders – Chairman and CEO Jim Mulva reflects on the company's success in 2006 and provides a preview of future projects and plans.
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Pages 8 - 9
(428KB .PDF) |
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Financial Review – Through a balanced approach of reinvesting in the business, reducing debt and bolstering shareholder returns, the company continued to achieve its financial goals.
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Pages 10 - 11
(540KB .PDF)
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Operating Review Introduction |
Pages 12 - 15
(379KB .PDF) |
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Exploration and Production (E&P) – By integrating new assets, opportunities and people, the company enters 2007 with a substantially larger, more diverse E&P portfolio.
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Page 15
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Project Development – By supporting the company’s upstream and downstream businesses, this new organization is focused on ensuring that major projects are delivered safely, on schedule and within budget.
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Pages 16 - 18
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Refining and Marketing (R&M) – In 2006, R&M achieved their best financial performance in company history, earning record net income as the company benefited from strong refining margins and improved performance.
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Page 19
(162KB .PDF) |
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LUKOIL Investment – In 2006, ConocoPhillips increased its equity ownership in LUKOIL, a Russia-based integrated oil and gas company active in approximately 30 countries, to 20 percent of the authorized and issued shares.
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Page 20
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Midstream – ConocoPhillips maintained its strong domestic midstream position through its 50 percent ownership in DCP Midstream, LLC, formerly Duke Energy Field Services.
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Page 21
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Chemicals – Chevron Phillips Chemical Company, a joint venture in which ConocoPhillips has a 50 percent interest, demonstrated the merits of its business plan while reporting increased earnings in 2006.
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Pages 22
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Emerging Businesses – The company conducts ongoing research designed to improve production of today’s conventional fuels, while leveraging the company’s expertise in new ways through its Emerging Businesses segment.
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Page 23
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Commercial – The Commercial organization continued to increase the value of its contribution to the company through commodity supply and trading as well as asset optimization.
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Pages 24 - 29
(918KB .PDF) |
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Corporate Staffs – In 2006, corporate staffs continued to provide high-quality support services to the company’s business operations around the world through their commitments to safety, communities and employees. |
Page 30 - 111
(495KB .PDF) |
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Financial and Operating Results
Management’s Discussion and Analysis
Selected Financial Data
Selected Quarterly Financial Data
Quarterly Common Stock Prices and Cash Dividends Per Share
Reports of Management and Independent Registered Public Accounting Firm
Consolidated Financial Statements
Notes to Consolidated Financial Statements
Oil and Gas Operations
5-Year Financial Review
5-Year Operating Review
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Page 112 - Back Cover
(192KB .PDF) |
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Board of Directors and Officers
Glossary
Stockholder Information |