8-KEarnings & ResultsLeadership ChangesExhibits & Filings

CONOCOPHILLIPS 8-K Report, Financial Results (Feb 18, 2010)

Filed February 18, 2010For Securities:COP

Summary

ConocoPhillips (COP) filed an 8-K report on February 18, 2010, detailing two key events. Firstly, the company issued a press release (furnished as Exhibit 99) on February 18, 2010, related to its estimated preliminary net reserve additions as of December 31, 2009. This information is crucial for investors assessing the company's long-term asset base and future production potential. Secondly, the report announces a change in the Board of Directors. Effective February 12, 2010, the Board size was increased to 14 members with the election of Mr. Robert A. Niblock. Mr. Niblock will also serve on the Audit and Finance Committee, indicating a focus on financial oversight. Investors should note that his compensation will align with existing policies for non-employee directors.

Key Highlights

  • 1ConocoPhillips released preliminary net reserve addition estimates as of December 31, 2009, via a press release.
  • 2The press release regarding reserve additions is furnished as Exhibit 99 to the 8-K filing.
  • 3The Board of Directors was expanded from 13 to 14 members.
  • 4Mr. Robert A. Niblock was elected to the Board of Directors, effective February 12, 2010.
  • 5Mr. Niblock will serve as a member of the Audit and Finance Committee.
  • 6Mr. Niblock's compensation will follow the company's established policies for non-employee directors.

Frequently Asked Questions

The primary updates are the company's release of preliminary net reserve addition estimates as of December 31, 2009, and the appointment of a new director to the Board.

The details regarding the preliminary net reserve additions as of December 31, 2009, are provided in a press release issued by ConocoPhillips on February 18, 2010, which is furnished as Exhibit 99 to this 8-K filing.

Mr. Robert A. Niblock was elected to the Board of Directors, effective February 12, 2010. He will also serve as a member of the Audit and Finance Committee.

Mr. Niblock will receive compensation in accordance with the company's previously approved policies and procedures for non-employee directors.