ConocoPhillipsNYSE: COP

Statement on Norway and Teesside

· Issued by ConocoPhillips

ConocoPhillips has notified employees, partners and regulators that it is evaluating a potential sale of its Norway business and Teesside asset after receiving an unsolicited offer. This evaluation is consistent with the company's disciplined strategy to optimize and high-grade its portfolio. If we do not receive an offer that meets the company's expectations for value, ConocoPhillips will retain the assets.

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