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CLAIM #16457 · ConocoPhillips (COP) · 2024Q4 earnings call · Feb 6, 2025 · due Dec 31, 2025

Once that's finalized, we'd actually expect to make an additional HUD booking later this year.

Andy O'Brien · SVP Strategy

PENDING
graded after results covering Dec 31, 2025 are reported

In context

the k. So that's how it goes for a hundred and twenty-three organic. And then you know, with the additions from the Marathon acquisition, the additional working in Alaska, the total reserve replacement ratio was the two hundred and forty-four percent. So when you put all that together, you know, we're showing know, for 2024, you know, reserves of 7.8 billion boe. That's up a billion from last year. And our RRP is improving from ten years to ten point seven years. Then one other, real thing I'd add is that, you know, given the Marathon transaction closed so late in the year, you know, the bookings we've got from Marathon primarily represent the approved developed reserves with minimal pad bookings. So the teams right now are working through, you know, integrated pro forma five-year plans. Once that's finalized, we'd actually expect to make an additional HUD booking later this year. So again, yeah, another very healthy year. And a good milestone for us in terms of, you know, achieving a hundred percent again. Operator: Our next question comes from Ryan Todd with Piper Sandler. Ryan Todd: Good. Thanks. Maybe one on divestitures. You've announced $600 million of asset sales relative to a target of $2 billion. You maybe talk about that program ongoing going forward, the market and appetite for the divestiture efforts and within that, maybe the ongoing discussions around the Port Arthur equity sell down? Andy O'Brien: Sure. This is Andy. I'm happy to take that one. So as you say, we've had activities, well underway on multiple fronts now with disposition candidates. As we announced today, we signed PSAs for about $600 million. That's non-core Permian assets. Expect those

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SEC filings for COP · Claim quote is verbatim from the 2024Q4 earnings call.