Unclaimed Property

Each state has unclaimed property laws that require money, property and other assets to be considered abandoned after a period of inactivity usually ranging from 1 to 5 years. During this abandonment period, ConocoPhillips must make a concerted effort to seek out and return unclaimed property to the rightful owners. Issuance of due diligence letters is a part of this effort.

ConocoPhillips is required by law to remit unclaimed property to the state of the last known address for the property owner. Examples of unclaimed property include uncashed checks to vendors, uncashed checks to royalty/land owners, and employee wages.

Why did I receive a due diligence letter?

​ConocoPhillips is required by statute to attempt contact with any person or company to whom our records indicate property is due. Recipients of the letter are encouraged to review their files and take one of the following actions:

  • If the money is due, claim the money by completing the form and returning it to ConocoPhillips.
  • If the money is not due, return the form with a note that the item is not due.

If the form is not returned to ConocoPhillips, the money will be paid to the state of the last known address.