HOUSTON, July 15, 2004 --- The board of directors of ConocoPhillips [NYSE:COP] today declared a quarterly dividend of 43 cents per share. The dividend is payable Sept. 1, 2004, to stockholders of record at the close of business July 31, 2004.

ConocoPhillips is an integrated oil company with interests around the world. For more information, go to www.conocophillips.com.

CONTACTS: Kristi DesJarlais, Clayton Reasor