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ConocoPhillips and Phillips 66 to Hold Investor Updates in April

HOUSTON, March 23, 2012 --- ConocoPhillips [NYSE:COP] and Phillips 66 [expected to trade under NYSE:PSX] will hold investor update sessions in April to discuss their plans for delivering value and growth following their emergence as independent companies, anticipated during the second quarter of 2012.

Both updates will feature webcast presentations and question and answer sessions with securities analysts. The ConocoPhillips update will be conducted by Ryan Lance, its designated chairman and chief executive officer, and the Phillips 66 update will be conducted by Greg Garland, its designated chairman and chief executive officer. Details follow:

Phillips 66 investor update with Greg Garland – Monday, April 9, 2012 at 11:00 a.m. Eastern time.

ConocoPhillips investor update with Ryan Lance – Monday, April 16, 2012 at 11:00 a.m. Eastern time.

To access the webcast, go to ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register for Webcast" link. You should begin this procedure at least 15-20 minutes prior to the start of the webcast. For those who miss the live webcast, the event will be archived and available for replay approximately two hours following the live webcast. The presentation will also be available on the Investor Relations site.

ConocoPhillips is an integrated energy company with interests around the world. Headquartered in Houston, the company had approximately 29,800 employees, $153 billion of assets, and $245 billion of revenues as of Dec. 31, 2011. For more information, go to www.conocophillips.com

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CONTACTS

Aftab Ahmed (media) 281-293-4138
aftab.ahmed@conocophillips.com

Clayton Reasor (investors) 212-207-1996
c.c.reasor@conocophillips.com