HOUSTON, July 14, 2010 --- ConocoPhillips [NYSE:COP] today announced a quarterly dividend of 55 cents per share, payable September 1, 2010, to stockholders of record at the close of business August 2, 2010.

ConocoPhillips is an integrated energy company with interests around the world. Headquartered in Houston, the company had approximately 29,900 employees, $155 billion of assets and $179 billion of annualized revenues as of March 31, 2010. For more information, go to www.conocophillips.com.

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CONTACTS

Nancy Turner (media) 281-293-1430
nancy.e.turner@conocophillips.com

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