| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | other | in_progress | Not specified | Not specified | USD 31 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six-month severance accrual activity: opening balance $378M, accruals $31M, benefit payments $279M, FX $(3)M, closing balance $127M ($71M short-term). Filing discloses no employee counts, program label, or announcement date. | ||||
| 2026-06-30 | restructuring | in_progress | USD 31 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance accruals of $31 million recorded for the six months ended June 30, 2026. Benefit payments of $279 million were made. Ending balance is $127 million. | ||||||
| 2026-06-30 | restructuring | in_progress | USD 31,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2026-03-31 | restructuring | in_progress | Worldwide | Corporate | USD 10 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance accrual roll-forward for Q1 2026: opening balance $378M, accruals $10M, benefit payments $248M, FX $(1)M, closing balance $139M ($82M short-term); $53M partner recoveries accrued as receivables. No employee counts or program details disclosed. | ||||
| 2026-03-31 | restructuring | in_progress | USD 10,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-12-31 | restructuring | in_progress | 2026-12-31 | Global | Company-wide (Alaska, Lower 48, Canada, EMENA, Asia Pacific, Corporate) | USD 286 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Initiated in late 2025; workforce reduction not quantified in headcount. Severance expense of $286M split $214M in production and operating expenses and $72M in SG&A; by segment: Alaska $43M, Lower 48 $87M, Canada $29M, EMENA $48M, Asia Pacific $7M, Corporate $72M. Part of a broader program targeting over $1B of run-rate cost reductions and margin enhancements by year-end 2026. | |||
| 2025-12-31 | restructuring | in_progress | 2025 | Global | Corporate and Other | USD 286 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Announced in late 2025, reducing overall employee workforce. Total severance expense of $286 million recognized in 2025. Breakdown: Alaska $43M, Lower 48 $87M, Canada $29M, EMENA $48M, Asia Pacific $7M, Corporate and Other $72M. | |||
| 2025-12-31 | restructuring | in_progress | Employee Severance [Member] | USD 365,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-09-30 | reduction_in_force | in_progress | Worldwide | Company-wide (cost reduction initiatives; severance accrual referenced in Alaska segment and Corporate G&A discussions) | USD 238 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company announced cost reduction initiatives during 2025 and expects a workforce reduction; number of employees affected not disclosed. $238M severance expense recorded in Q3 2025; nine-month accruals of $244M, benefit payments of $239M, ending accrual balance $338M ($329M short-term) at 2025-09-30. Related August 2025 announcement of over $1B run-rate cost reductions by year-end 2026 (~$0.8B G&A, LOE, transportation/processing) is not separately quantified for headcount. | ||||
| 2025-09-30 | restructuring | in_progress | 2025-07-01 | Global | Corporate and Other | USD 238 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Severance expense of $238 million was recorded in the third quarter of 2025 reflecting the probable and reasonably estimable portion of the related liability. Part of cost reduction initiatives. | |||
| 2025-09-30 | restructuring | in_progress | 2025-08-01 | Global | Corporate and Other | USD 238 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Announced cost reduction initiatives in August 2025; $238 million severance expense recorded in Q3 2025 reflecting probable and reasonably estimable portion of liability. | |||
| 2025-09-30 | restructuring | in_progress | USD 244,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-06-30 | acquisition_addition | completed | 2024-11-22 | United States; Equatorial Guinea | Lower 48; EMENA | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Headcount added not disclosed. About $585M pre-tax transaction-related costs recognized to date, primarily employee severance and advisor fees; $40M in the six months ended June 30, 2025. Asset integration completed in first half of 2025. | ||||
| 2025-06-30 | divestiture_reduction | completed | 2025-01-31 | United States | Lower 48 | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | First-quarter 2025 sale of certain noncore Lower 48 interests for $581M net proceeds; associated headcount not disclosed. Exact announcement date not stated. | ||||
| 2025-06-30 | divestiture_reduction | completed | 2025-06-30 | United States | Lower 48 | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Second-quarter 2025 sale of Ursa and Europa fields and Ursa Oil Pipeline Company LLC to Shell for $718M net proceeds; associated headcount not disclosed. Announcement date not stated; closed in Q2 2025. | ||||
| 2025-06-30 | divestiture_reduction | announced | 2025-07 | 2025-10-01 | United States | Lower 48 | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement signed in July 2025 to divest Anadarko Basin assets for about $1.3B, expected to close at the beginning of Q4 2025; associated headcount not disclosed. | |||
| 2025-06-30 | restructuring | in_progress | Global | Corporate and Other | USD 17 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Transaction-related costs recognized in Q2 2025 related to Marathon Oil acquisition, primarily employee severance and related benefits, advisor fees, and share-based award settlements. | ||||
| 2025-03-31 | acquisition_addition | completed | 2024-11-22 | United States; Equatorial Guinea | Lower 48; Europe, Middle East and North Africa | USD 23 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Marathon Oil acquisition closed 2024-11-22; no headcount added disclosed. Q1 2025 included $23 million pre-tax of transaction-related costs, primarily employee severance, advisor fees and settlement of Marathon Oil share-based awards; approximately $568 million pre-tax recognized to date. Integration ongoing with greater than $1 billion of expected run-rate synergies within the first full year post-close. | |||
| 2025-03-31 | restructuring | in_progress | 2024-11-01 | Global | Corporate / Integration | USD 23 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Transaction-related costs for Marathon Oil acquisition, primarily employee severance and related benefits. | |||
| 2024-12-31 | acquisition_addition | completed | 2024-05-28 | 2024-11-22 | United States; Equatorial Guinea | Lower 48; Europe, Middle East and North Africa | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Marathon Oil Corporation completed 2024-11-22, valued at approximately $16.5 billion; added Lower 48 acreage and Equatorial Guinea operations. Filer does not disclose employee headcount added. | |||
| 2024-12-31 | restructuring | completed | 2024-11-22 | 2024-12-31 | United States | Corporate; Lower 48 | USD 328 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance for contractual termination benefits for Marathon Oil officers and employees at the acquisition date; accrual balance of $331 million at 2024-12-31, of which $323 million classified short-term (Note 15). Employee count not disclosed. | ||
| 2024-12-31 | other | in_progress | 2024-05-28 | 2025-06-30 | United States | Lower 48 | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Portfolio disposition program announced with the Marathon Oil acquisition; agreements signed for approximately $600 million of noncore Lower 48 assets expected to close in the first half of 2025. No employee counts disclosed. | |||
| 2024-12-31 | acquisition_addition | completed | 2024-11-22 | 2024-11-22 | Global | Lower 48, Equatorial Guinea | Item 1. Business and Properties f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Marathon Oil Corporation completed on November 22, 2024. Added operations in Lower 48 and Equatorial Guinea. | |||
| 2024-12-31 | restructuring | completed | 2024-11-22 | 2024-12-31 | Global | Corporate | USD 328 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Transaction-related costs associated with Marathon Oil acquisition included $328 million of employee severance expense, majority expensed in Q4 2024. | ||
| 2024-09-30 | acquisition_addition | announced | 2024-05-28 | 2024-12-31 | United States | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | All-stock merger at 0.255 COP shares per Marathon Oil share; stockholder approval received 2024-08-29; expected to close late Q4 2024. No headcount added disclosed. | ||||
| 2024-06-30 | acquisition_addition | announced | 2024-05-28 | 2024-12-31 | United States | Lower 48 / LNG | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | All-stock merger at 0.255 COP shares per MRO share; enterprise value ~$22.5 billion. No headcount added or integration-related workforce figures disclosed; completion anticipated late Q4 2024 subject to stockholder and regulatory approvals (FTC Second Request received 2024-07-11). | |||
| 2023-12-31 | restructuring | completed | 2021-01-01 | Global | Corporate | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Accruals of $1 million in 2023 related to company-wide restructuring program initiated in 2021. Balance at Dec 31, 2023 was $12 million. | |||
| 2023-09-30 | acquisition_addition | completed | 2023-07-01 | 2023-10-04 | Canada | Canada | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of remaining 50% working interest in Surmont from TotalEnergies for ~$3.0B total consideration; closed October 4, 2023 (subsequent event). No headcount added disclosed. | |||
| 2023-09-30 | acquisition_addition | announced | 2023-03-01 | Australia | Asia Pacific | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned purchase of up to an additional 2.49% interest in APLNG for $0.5B, expected to close late 2023 or early 2024; no headcount impact disclosed. | ||||
| 2023-06-30 | acquisition_addition | announced | 2023-07-31 | 2023-12-31 | Canada | Canada | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement executed in July 2023 to purchase the remaining 50% interest in Surmont from TotalEnergies for about $4 billion CAD ($3 billion) plus contingent payments; no headcount impact disclosed. Closing expected in second half of 2023. | |||
| 2023-06-30 | acquisition_addition | announced | 2023-03-31 | 2024-03-31 | Australia | Asia Pacific | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced March 2023 intent to purchase up to an additional 2.49% shareholding interest in APLNG for $0.5 billion, subject to EIG-Origin transaction closing; no headcount impact disclosed. Announcement date stated only as month (2023-03). | |||
| 2022-12-31 | restructuring | completed | 2021-01-01 | 2022-12-31 | Global | Corporate and Other | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance accruals of $1 million recorded in 2022 related to company-wide restructuring program initiated in 2021. | ||
| 2022-03-31 | divestiture_reduction | completed | 2022-03-31 | Indonesia | Asia Pacific | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Subsidiaries holding the Indonesia Corridor Block PSC and Transasia Pipeline interests were sold; no employee count or workforce impact disclosed. Net proceeds $731 million; $534 million before-tax gain | ||||
| 2021-12-31 | acquisition_addition | completed | 2021-01-15 | 2021-01-15 | United States | Lower 48 | USD 157 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | All-stock acquisition valued at $13.1 billion; $157M transaction-related costs expensed in Q1 2021; headcount added not disclosed | ||
| 2021-12-31 | acquisition_addition | completed | 2021-12-01 | 2021-12-01 | United States | Lower 48 | USD 44 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | All-cash acquisition of Delaware Basin assets for $8.7 billion; $44M transaction-related costs expensed during 2021; headcount added not disclosed | ||
| 2021-12-31 | restructuring | in_progress | 2021-01-01 | Global | Company-wide | USD 234 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company-wide restructuring commenced Q1 2021 combining Concho operations with other global restructuring; $234M restructuring cost for employee severance and pension benefit costs; employees affected not disclosed | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-09-16 | 2021-09-16 | Argentina | Other International | USD 179 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Argentina exploration interests; before-tax loss on disposition of $179 million; headcount removed not disclosed | ||
| 2021-12-31 | divestiture_reduction | completed | 2021-06-30 | 2021-12-31 | United States | Lower 48 | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of certain noncore Lower 48 assets for approximately $250 million in second half of 2021; headcount removed not disclosed | |||
| 2021-12-31 | divestiture_reduction | announced | 2021-12-31 | 2022-03-31 | Indonesia | Asia Pacific | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Indonesia subsidiaries (Corridor Block PSC and Transasia Pipeline) to MedcoEnergi for $1.355 billion; effective date 2021-01-01; closing expected early 2022; headcount removed not disclosed | |||
| 2021-12-31 | divestiture_reduction | announced | 2022-01-31 | 2022-06-30 | United States | Lower 48 | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | January 2022 agreement to sell noncore Lower 48 interests for $440 million; expected to close Q2 2022; headcount removed not disclosed | |||
| 2021-12-31 | restructuring | completed | 2021-01-01 | 2021-12-31 | Global | Corporate and Other | USD 234 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Company-wide restructuring program commenced in Q1 2021, primarily related to Concho acquisition integration. Total restructuring costs of $234 million recognized in 2021. Employee count not explicitly disclosed. | ||
| 2021-12-31 | acquisition_addition | completed | 2021-01-15 | 2021-01-15 | United States | Lower 48 | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Concho Resources Inc. completed January 15, 2021. Headcount added not explicitly disclosed. | |||
| 2021-12-31 | acquisition_addition | completed | 2021-12-01 | 2021-12-01 | United States | Lower 48 | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Shell Enterprises LLC's assets in the Delaware Basin completed December 1, 2021. Headcount added not explicitly disclosed. | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-09-16 | 2021-09-16 | Argentina | Other International | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Sale of ConocoPhillips Argentina Holdings Sarl and ConocoPhillips Argentina Ventures SRL completed September 16, 2021. Headcount removed not explicitly disclosed. | |||
| 2021-12-31 | restructuring | in_progress | Concho Resources Incorporated / Operating Expense | USD 128,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Concho Resources Incorporated / Selling General And Administrative Expenses | USD 67,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Concho Resources Incorporated / Exploration Expenses | USD 8,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Concho Resources Incorporated / Taxes Miscellaneous | USD 2,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Concho Resources Incorporated / Other Expense | USD 29,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Concho Resources Incorporated | USD 234,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-09-30 | restructuring | in_progress | 2021-01-01 | Global | Company-wide | USD 209 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company-wide restructuring program commenced Q1 2021 combining Concho operations with other global restructuring; $52M restructuring cost in Q3 and $209M YTD, mainly employee severance and incremental pension benefit costs. Severance accrual: $24M opening, $165M accruals, $102M payments, $87M closing balance ($51M short-term). No employee count disclosed. | |||
| 2021-09-30 | acquisition_addition | completed | 2021-01-15 | 2021-01-15 | United States (New Mexico, West Texas) | Lower 48 | USD 13,125 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | All-stock acquisition completed 2021-01-15 for total consideration of $13.1 billion; no headcount added disclosed. Related transaction costs of $157M and restructuring costs of $209M recognized YTD. | ||
| 2021-09-30 | acquisition_addition | announced | 2021-09-20 | 2021-12-31 | United States (Delaware Basin, Texas) | Lower 48 | USD 9,500 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | All-cash acquisition of Shell Enterprises LLC Delaware Basin assets for $9.5 billion before adjustments; $475 million deposit paid. Expected to close Q4 2021 subject to regulatory approval. No headcount disclosed. | ||
| 2021-09-30 | divestiture_reduction | completed | 2021-09-30 | 2021-09-30 | United States | Lower 48 | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of noncore Lower 48 interests completed in Q3 2021 for approximately $150 million with a before-tax gain of about $26 million; disposed properties averaged roughly 15 MBOED. No headcount reduction disclosed. | |||
| 2021-09-30 | divestiture_reduction | completed | 2021-09-30 | 2021-09-30 | Argentina | Other International | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of noncore exploration interests in Argentina with a before-tax loss on disposition of $179 million. No headcount reduction disclosed. | |||
| 2021-09-30 | restructuring | in_progress | 2021-01-15 | Global | Corporate and Other | USD 209 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Company-wide restructuring program commenced Q1 2021 following Concho acquisition; costs mainly for employee severance and related incremental pension benefit costs. | |||
| 2021-09-30 | restructuring | in_progress | 2021-01-01 | Global | Corporate and Other | USD 209 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Company-wide restructuring program commenced in Q1 2021 to combine operations of ConocoPhillips and Concho Resources. Charges include employee severance and related incremental pension benefit costs. Employee count not disclosed. | |||
| 2021-09-30 | restructuring | in_progress | Concho Resources Incorporated | USD 52,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-09-30 | restructuring | in_progress | Concho Resources Incorporated / Operating Expense | USD 110,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-09-30 | restructuring | in_progress | Concho Resources Incorporated / Selling General And Administrative Expenses | USD 64,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-09-30 | restructuring | in_progress | Concho Resources Incorporated / Exploration Expenses | USD 4,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-09-30 | restructuring | in_progress | Concho Resources Incorporated / Taxes Miscellaneous | USD 2,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-09-30 | restructuring | in_progress | Concho Resources Incorporated / Other Expense | USD 29,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-06-30 | acquisition_addition | completed | 2021-01-15 | United States (New Mexico, West Texas) | Lower 48 | USD 157 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Concho acquisition closed 2021-01-15; headcount added not disclosed. $157M transaction-related costs expensed in Q1 2021; restructuring costs of $157M for the six months ended June 30, 2021 (severance and incremental pension benefit costs) also recognized under the integration restructuring program. | |||
| 2021-06-30 | restructuring | in_progress | 2021-01-01 | United States | Corporate (Concho integration) | USD 157 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring program commenced Q1 2021 to combine Concho operations. Severance accrual: $24M opening balance, $102M accruals, $91M benefit payments, $35M balance at June 30, 2021 ($20M short-term). Number of employees affected not disclosed; restructuring costs of $157M recognized for the six months ended June 30, 2021, including $23M in Q2 2021. | |||
| 2021-06-30 | restructuring | in_progress | 2021-01-15 | Global | Corporate and Other | USD 157 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Restructuring program commenced Q1 2021 to combine operations of ConocoPhillips and acquired Concho Resources. Charge includes employee severance and related incremental pension benefit costs for the six months ended June 30, 2021. | |||
| 2021-06-30 | restructuring | in_progress | 2021-01-15 | Global | Corporate and Other | USD 157 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Restructuring program commenced in Q1 2021 to combine operations of ConocoPhillips and Concho. Costs mainly for employee severance and related incremental pension benefit costs. No specific headcount disclosed. | |||
| 2021-06-30 | restructuring | in_progress | Concho Resources Incorporated | USD 23,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-06-30 | restructuring | in_progress | Concho Resources Incorporated / Operating Expense | USD 70,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-06-30 | restructuring | in_progress | Concho Resources Incorporated / Selling General And Administrative Expenses | USD 52,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-06-30 | restructuring | in_progress | Concho Resources Incorporated / Exploration Expenses | USD 4,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-06-30 | restructuring | in_progress | Concho Resources Incorporated / Taxes Miscellaneous | USD 2,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-06-30 | restructuring | in_progress | Concho Resources Incorporated / Other Expense | USD 29,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-03-31 | restructuring | in_progress | Corporate and Other | USD 134 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program commenced in Q1 2021 to combine ConocoPhillips and Concho operations; no specific announcement date or employee count disclosed. Costs were mainly employee severance and incremental pension benefit costs; a $12 million curtailment loss was recognized on U.S. pension plans. Severance accrual roll-forward: $24M opening, $101M accrued, $33M paid, $92M closing ($77M short-term). Transaction and restructuring costs sit in the Corporate and Other segment. | |||||
| 2021-03-31 | acquisition_addition | completed | 2021-01-15 | United States | Lower 48 | USD 157 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Concho acquisition closed 2021-01-15 for $13.1 billion in stock; headcount added was not disclosed. Associated $157 million of transaction-related costs included settlement of share-based awards for certain Concho employees. Original deal announcement date not stated in this filing. | |||
| 2021-03-31 | restructuring | in_progress | 2021-01-15 | Global | Corporate and Other | USD 134 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Restructuring program commenced in Q1 2021 to combine operations of ConocoPhillips and Concho Resources Inc. Charges mainly for employee severance and related incremental pension benefit costs. No specific headcount disclosed. | |||
| 2021-03-31 | restructuring | in_progress | 2021-01-15 | Global | Corporate and Other | USD 134 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Restructuring program commenced in Q1 2021 to combine operations of ConocoPhillips and Concho. Costs mainly for employee severance and related incremental pension benefit costs. Employee count not disclosed. | |||
| 2021-03-31 | restructuring | in_progress | Concho Resources Inc | USD 134,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-03-31 | restructuring | in_progress | Concho Resources Inc / Operating Expense | USD 56,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-03-31 | restructuring | in_progress | Concho Resources Inc / Selling General And Administrative Expenses | USD 45,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-03-31 | restructuring | in_progress | Concho Resources Inc / Exploration Expense | USD 4,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2021-03-31 | restructuring | in_progress | Concho Resources Inc / Other Expense | USD 29,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-12-31 | acquisition_addition | completed | 2020-10-18 | 2021-01-15 | United States (New Mexico, West Texas — Permian Basin) | Lower 48 | USD 13,125 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | All-stock acquisition closed 2021-01-15 (subsequent to fiscal year-end); consideration $13.1 billion via 286 million shares issued. Headcount added not disclosed; restructuring tied to integration commenced Q1 2021. | ||
| 2020-12-31 | restructuring | announced | 2021-01-15 | United States | Corporate / combined company | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program commenced Q1 2021 combining ConocoPhillips and Conoco operations; covers severance, retention, relocation and advisor fees. Filer states costs cannot yet be estimated; majority expected recognized in Q1 2021. | ||||
| 2020-12-31 | divestiture_reduction | completed | 2020-05-31 | 2020-05-31 | Australia | Asia Pacific | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Divestiture of subsidiaries holding Australia-West assets completed in May 2020 (month-level date); headcount removed not disclosed. Included Darwin LNG, Bayu-Undan and Barossa interests. | |||
| 2020-12-31 | acquisition_addition | completed | 2020-08-31 | 2020-08-31 | Canada (British Columbia) | Canada | USD 382 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of additional Montney acreage for $382 million cash plus $31 million assumed financing obligations; primarily undeveloped properties. Headcount added not disclosed. | ||
| 2020-12-31 | divestiture_reduction | completed | 2020-03-31 | 2020-03-31 | United States (Colorado/Wyoming) | Lower 48 | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Niobrara interests completed March 2020 for approximately $359 million; Waddell Ranch (Permian) interests sold February 2020 for $184 million. Headcount removed not disclosed for either sale. | |||
| 2020-12-31 | restructuring | announced | 2021-01-15 | Global | Corporate / All Segments | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Restructuring program commenced in Q1 2021 following Concho acquisition. Expected to incur significant non-recurring transaction and acquisition-related costs including employee severance, retention, and relocation. Specific headcount not disclosed. | ||||
| 2020-09-30 | acquisition_addition | announced | 2020-10-19 | 2021-03-31 | United States | Lower 48 (Permian Basin) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | All-stock acquisition valued at $9.7 billion with approximately $3.9 billion of assumed debt; no employee headcount impact disclosed. Expected to close in first quarter of 2021, subject to shareholder and regulatory approvals. | |||
| 2020-06-30 | divestiture_reduction | completed | 2020-05-31 | Australia | Asia Pacific and Middle East | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestiture of Australia-West subsidiaries completed May 2020; no employee count disclosed | ||||
| 2020-06-30 | divestiture_reduction | completed | 2020-03-31 | United States | Lower 48 | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Niobrara interests (March 2020) and Waddell Ranch interests (February 2020); no employee counts disclosed | ||||
| 2020-06-30 | acquisition_addition | announced | 2020-07-31 | 2020-09-30 | Canada | Canada | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | July 2020 agreement to acquire Montney acreage for ~$375 million; no headcount disclosed, announcement date not specified beyond July 2020 | |||
| 2020-03-31 | divestiture_reduction | announced | 2019-10 | 2020-06-30 | Australia | Asia Pacific and Middle East | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Australia-West subsidiaries to Santos for $1.39 billion plus adjustments; expected to close in Q2 2020. No headcount associated with the sale is disclosed. | |||
| 2020-03-31 | other | in_progress | Corporate | USD 5 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Quarterly severance accrual roll-forward: $23M opening balance, $5M accruals, $4M benefit payments, $(4)M FX, $20M closing balance at 2020-03-31. No employee counts, program name, or completion timing disclosed. | |||||
| 2020-03-31 | restructuring | in_progress | 2020-03-31 | Global | General | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Severance accruals increased by $5 million during the quarter. Total balance at March 31, 2020 was $20 million, with $6 million classified as short-term. No specific employee count disclosed. | |||
| 2019-12-31 | divestiture_reduction | completed | 2019-04 | 2019-09-30 | United Kingdom | Europe and North Africa | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of two U.K. subsidiaries to Chrysaor E&P Limited completed September 30, 2019 for $2.2 billion proceeds; employee counts transferred not disclosed. | |||
| 2019-12-31 | divestiture_reduction | in_progress | 2019-10 | 2020-03-31 | Australia | Asia Pacific and Middle East | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Australia-West subsidiaries (Barossa, Darwin LNG/Bayu-Undan, Greater Poseidon, Athena) to Santos for $1.39 billion; expected close Q1 2020 subject to approvals; headcount not disclosed. | |||
| 2019-12-31 | divestiture_reduction | in_progress | 2019 | 2020-03-31 | United States | Lower 48 | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement signed in Q4 2019 to sell Niobrara shale interests for $380 million; exact announcement date not disclosed; headcount not disclosed. | |||
| 2019-12-31 | divestiture_reduction | announced | 2020-01 | 2020-03-31 | United States | Lower 48 | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | January 2020 agreement to sell certain non-core Lower 48 properties for $186 million; assets met held-for-sale criteria in January 2020; headcount not disclosed. | |||
| 2019-09-30 | divestiture_reduction | completed | 2019-04 | 2019-09-30 | United Kingdom | Europe and North Africa | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of two U.K. subsidiaries to Chrysaor E&P Limited completed 2019-09-30 for $2.2 billion proceeds; no employee count disclosed. Related pension curtailment and lease/right-of-use reductions noted but no workforce figures given. | |||
| 2019-09-30 | divestiture_reduction | announced | 2019-10 | 2020-03-31 | Australia | Asia Pacific and Middle East | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter announcement (October 2019) of sale of Australia-West subsidiaries to Santos for $1.39 billion plus adjustments; expected completion in first quarter of 2020 subject to regulatory approvals. No employee count disclosed; associated production of 49 MBOED and 38 MMBOE reserves noted instead. | |||
| 2019-06-30 | divestiture_reduction | in_progress | 2019-04-01 | 2019-12-31 | United Kingdom | Europe and North Africa | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell two U.K. subsidiaries to Chrysaor E&P for $2.675 billion; headcount transferred not quantified in filing. Expected to close in second half of 2019 subject to regulatory approval. | |||
| 2019-06-30 | restructuring | in_progress | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Accruals of $2 million recorded for the six months ended June 30, 2019. Ending balance of $33 million includes $14 million classified as short term. | ||||||
| 2019-03-31 | divestiture_reduction | announced | 2019-04 | 2019-12-31 | United Kingdom | Europe and North Africa | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | April 2019 agreement to sell two U.K. subsidiaries to Chrysaor E&P for $2.675 billion; no employee count disclosed. Expected completion in second half of 2019 subject to regulatory approval. | |||
| 2019-03-31 | restructuring | completed | USD 15 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance benefit payments of $15 million recorded in Q1 2019. No employee count disclosed. | ||||||
| 2018-12-31 | restructuring | completed | Global | Corporate and operations | USD 70 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance accruals of $70 million recorded in 2018 due to staff reductions occurring throughout the year; no employee count disclosed | ||||
| 2018-12-31 | restructuring | completed | Worldwide | Corporate and Other | USD 70 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance accruals of $70 million recorded in 2018 due to staff reductions throughout the year. Employee count not disclosed. | ||||
| 2018-09-30 | restructuring | in_progress | Worldwide | Not specified | USD 65 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance accruals of $65M for nine months ended 2018-09-30 (including $35M in Q3) from staff reductions occurring throughout the year; balance grew from $53M at 2017-12-31 to $80M at 2018-09-30 after $38M of benefit payments. No employee count, geography, or completion date disclosed. | ||||
| 2018-09-30 | restructuring | in_progress | Global | Corporate | USD 35 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Severance accruals of $35 million recorded in Q3 2018 due to staff reductions. | ||||
| 2018-09-30 | restructuring | in_progress | Global | Corporate | USD 65 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Severance accruals of $65 million recorded in the nine-month period ended Sept 30, 2018 due to staff reductions. | ||||
| 2018-09-30 | restructuring | in_progress | Worldwide | Corporate and Other | USD 35 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance accruals of $35 million recorded during the three months ended September 30, 2018, as a result of staff reductions occurring throughout the year. | ||||
| 2018-09-30 | restructuring | in_progress | Worldwide | Corporate and Other | USD 65 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance accruals of $65 million recorded during the nine months ended September 30, 2018, as a result of staff reductions occurring throughout the year. | ||||
| 2017-12-31 | divestiture_reduction | completed | 2017-12-31 | Canada; United States (San Juan Basin) | Canada; Lower 48 | USD 65 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Workforce reduction followed the May 2017 FCCL/western Canada gas sale and July 2017 San Juan Basin sale; employee counts not disclosed. Severance balance rolled from $80M to $53M with $93M of benefit payments during 2017. | |||
| 2017-12-31 | restructuring | completed | 2017-01-01 | 2017-12-31 | Worldwide | Various | USD 65 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance accruals of $65 million recorded in 2017 resulting from selling 50% interest in FCCL Partnership, majority of western Canada gas assets, and interest in San Juan Basin, causing a reduction in overall employee workforce. | ||
| 2017-09-30 | restructuring | in_progress | Canada; United States (San Juan Basin) | Company-wide workforce reduction | USD 62 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Workforce reduction began in Q2 2017 following the sale of the FCCL Partnership interest, most western Canada gas assets, and San Juan Basin interests. Severance accruals were $62M for the nine months ended 2017-09-30 and $7M for the three months ended 2017-09-30; balance at 2017-09-30 was $60M, of which $36M is short-term. No employee count or completion date disclosed. | ||||
| 2017-09-30 | restructuring | in_progress | 2017-04-01 | Global | Corporate and Operations | USD 62 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Reduction in overall employee workforce began in Q2 2017 due to asset sales (FCCL, San Juan Basin). Severance accruals of $62 million recorded for the nine months ended Sept 30, 2017. Employee count not disclosed. | |||
| 2017-09-30 | restructuring | in_progress | 2017-04-01 | Global | Corporate and Operations | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction in overall employee workforce began in Q2 2017 due to sale of FCCL interest, western Canada gas assets, and San Juan Basin interests. $7M severance accrual recorded in Q3 2017; $62M YTD. | |||
| 2017-06-30 | restructuring | in_progress | 2017-04-12 | Canada; United States (San Juan Basin) | Canada; Lower 48 | USD 55 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Workforce reduction began in Q2 2017 tied to the Canada (FCCL/western Canada gas) sale signed 2017-03-29 and the San Juan Basin sale agreement signed 2017-04-12. Severance accruals of $16M in Q2 and $55M YTD; balance $67M at 2017-06-30 ($43M short-term). No employee count disclosed; MD&A flags additional restructuring charges expected for the remainder of 2017. | |||
| 2017-06-30 | divestiture_reduction | completed | 2017-03-29 | 2017-05-17 | Canada | Canada | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of 50% nonoperated FCCL interest and majority of western Canada gas assets to Cenovus Energy closed 2017-05-17; associated workforce reduction reflected in severance accrual above. No headcount removed disclosed. | |||
| 2017-06-30 | divestiture_reduction | completed | 2017-04-12 | 2017-07-31 | United States | Lower 48 | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | San Juan Basin sale to Hilcorp closed 2017-07-31 (after quarter end) for $2.5B cash; associated workforce reduction reflected in severance accrual above. No headcount removed disclosed. | |||
| 2017-06-30 | divestiture_reduction | announced | 2017-06-28 | 2017-09-30 | United States | Lower 48 | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Barnett sale signed 2017-06-28 for $305M, expected to close Q3 2017 subject to regulatory approval. No headcount disclosed. | |||
| 2017-06-30 | divestiture_reduction | announced | 2017-07-25 | 2017-09-30 | United States | Lower 48 | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Panhandle assets sale signed 2017-07-25 (after quarter end) for $184M; noncash impairment to be recorded in Q3 2017. No headcount disclosed. | |||
| 2017-06-30 | restructuring | in_progress | 2017-04-01 | Global | Corporate and Operations | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Reduction in overall employee workforce began in Q2 2017 due to asset dispositions. Severance accruals of $16 million recorded for the three months ended June 30, 2017. | |||
| 2017-06-30 | restructuring | in_progress | 2017-01-01 | Global | Corporate and Operations | USD 55 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Severance accruals of $55 million recorded for the six months ended June 30, 2017, related to workforce reduction from asset dispositions. | |||
| 2017-06-30 | restructuring | in_progress | 2017-04-01 | Global | Corporate and Operations | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance accruals of $16 million recorded in Q2 2017 due to workforce reduction following Canada and San Juan Basin dispositions. Employee count not disclosed. | |||
| 2017-06-30 | restructuring | in_progress | 2017-01-01 | Global | Corporate and Operations | USD 55 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Total severance accruals of $55 million recorded in the six months ended June 30, 2017. Employee count not disclosed. | |||
| 2017-03-31 | divestiture_reduction | in_progress | 2017-03-29 | 2017-12-31 | Canada | Canada segment (FCCL Partnership interest and western Canada gas assets) | USD 39 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to Cenovus Energy signed 2017-03-29; filer states a workforce reduction is expected during 2017 but discloses no affected-employee count. Severance accrual activity: $80M opening balance, $39M accrual, $45M benefit payments, $(1)M FX, $73M closing balance ($48M short-term). | ||
| 2017-03-31 | divestiture_reduction | announced | 2017-04-12 | 2017-09-30 | United States (New Mexico) | Lower 48 segment (San Juan Basin) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter announcement (up to $3.0 billion total proceeds); no headcount impact or severance charge disclosed. Filer expects a noncash before-tax impairment of approximately $3 billion in Q2 2017, which is an asset write-down rather than a workforce charge. | |||
| 2017-03-31 | restructuring | in_progress | 2017-03-29 | Canada | Canada Segment | USD 39 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Severance accruals of $39 million recorded due to reduction in workforce expected from sale of FCCL Partnership and western Canada gas assets. | |||
| 2017-03-31 | restructuring | in_progress | 2017-03-29 | Canada | Canada Segment | USD 39 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance accruals recorded due to expected reduction in workforce following agreement to sell FCCL Partnership and western Canada gas assets. Employee count not disclosed. | |||
| 2016-12-31 | restructuring | in_progress | United States and Europe | Corporate / workforce reduction | USD 129 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance accruals of $129 million recorded in 2016 from workforce reductions during 2015 and 2016; balance $80 million at year-end 2016, of which $52 million short-term. Employee headcount affected not disclosed. | ||||
| 2016-12-31 | restructuring | in_progress | United States | Corporate / U.S. qualified pension plan participants | USD 15 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Curtailment losses of $15 million recognized in 2016 from 2016 restructuring actions reducing future service of active U.S. employees; separate $15 million of special termination benefits also recognized in 2016 (U.S. $14 million, Europe $1 million). | ||||
| 2016-12-31 | restructuring | completed | 2016-01-01 | 2016-12-31 | Worldwide | Corporate and Other | USD 129 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance accruals of $129 million recorded in 2016 due to reduction in overall employee workforce. Employee count not explicitly disclosed. | ||
| 2016-09-30 | restructuring | in_progress | United States | Corporate / enterprise-wide | USD 119 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer attributes a workforce reduction to the impact of the business environment on operating and capital plans, occurring primarily in Q3 2016; $119M severance accrual in Q3 and $126M YTD. No headcount affected or completion date disclosed. Severance balance was $156M at both 2015-12-31 and 2016-09-30, with $123M classified short-term. | ||||
| 2016-09-30 | restructuring | in_progress | United States | U.S. qualified pension plan, U.S. nonqualified supplemental retirement plan, U.S. other postretirement benefit plan | USD 15 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing U.S. restructuring program: $14M curtailment loss on U.S. pension plans plus $1M on the U.S. other postretirement plan, and $14M of special termination benefits, all in Q3 2016. No employee counts disclosed. | ||||
| 2016-09-30 | restructuring | in_progress | 2016-07-01 | United States | Corporate and Other | USD 119 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Reduction in overall employee workforce occurred primarily during the third quarter of 2016. Severance accruals of $119 million recorded for the three months ended September 30, 2016. Total severance accruals for the nine months ended September 30, 2016 were $126 million. | |||
| 2016-09-30 | restructuring | in_progress | 2016-09-30 | United States | Corporate | USD 119 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction in overall employee workforce primarily during Q3 2016. Severance accruals of $119 million recorded for the three months ended Sept 30, 2016. Employee count not disclosed. | |||
| 2016-06-30 | restructuring | announced | 6% | 2016-07 | Global | Certain areas of business (not specified) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | July 2016 announcement of targeted workforce reductions affecting approximately 6 percent of global workforce; analysis ongoing and financial impact not reasonably practicable to quantify, but could be material to Q3 2016 results. Percent of workforce implies roughly 900+ positions against the disclosed ~15,400 total, but no absolute count is stated. Related severance accrual balance was $49 million at 2016-06-30 (Note 17), not explicitly linked to this action. | |||
| 2016-06-30 | other | announced | 2016-07 | 2016-12-31 | Senegal (offshore West Africa) | Other International — exploration blocks | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell 35 percent interest in three offshore exploration blocks for $350 million plus ~$80 million net customary adjustments; net book value ~$273 million at 2016-06-30. No headcount associated with the divestiture is disclosed. | |||
| 2016-06-30 | restructuring | announced | 6% | 2016-07 | Global | Various | subsequent_events f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Targeted workforce reductions announced in July 2016 affecting approximately 6% of global workforce. Financial impact not reasonably practicable to quantify but could be material to Q3 2016 results. | |||
| 2016-06-30 | restructuring | announced | 6% | 2016-07-01 | Global | Various | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Announced targeted workforce reductions affecting approximately 6% of global workforce. Financial impact not reasonably practicable to quantify but could be material. | |||
| 2016-03-31 | restructuring | in_progress | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance accruals increased by $5 million during the quarter. Total balance at March 31, 2016 was $56 million. | ||||||
| 2015-12-31 | restructuring | completed | 2015-12-31 | United States; Europe | Corporate; multiple segments | USD 306 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2015 restructuring program reduced overall workforce; severance accruals of $306M recorded in 2015, with $156M balance remaining at year-end ($121M short-term). Includes special termination benefits of $124M ($46M US, $78M Europe) and curtailment losses of $33M. Employee count not disclosed. | |||
| 2015-12-31 | divestiture_reduction | completed | 2015-12-31 | Russia | Other International | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 50% interest in Polar Lights Company completed Q4 2015; headcount impact not disclosed. | ||||
| 2015-12-31 | divestiture_reduction | completed | 2015-12-31 | United States; Canada | Lower 48; Canada | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multiple non-core asset sales during 2015 (East Texas/N. Louisiana, South Texas, western Canada properties); approximately $2 billion in total proceeds. Headcount impacts not disclosed. | ||||
| 2015-12-31 | restructuring | completed | 2015 | Worldwide | Corporate and Other; Production and Operating | USD 306 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Reduction in overall employee workforce occurred during 2015. Severance accruals of $306 million recorded. Remaining balance at year-end was $156 million. | |||
| 2015-12-31 | restructuring | completed | 2015 | Worldwide | Selling, General and Administrative | USD 407 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | SG&A expenses increased primarily due to $407 million in restructuring and pension settlement expenses in 2015. | |||
| 2015-09-30 | restructuring | in_progress | Worldwide | Company-wide | USD 290 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing 2015 workforce reduction driven by the low commodity price environment. Severance accruals of $202M in Q3 and $290M YTD; accrual balance $244M at 2015-09-30, of which $201M short-term. No headcount affected disclosed. Related U.S. pension settlement expense of $79M (Q3) / $131M (YTD) and a $35M curtailment loss arose from the same restructuring actions. | ||||
| 2015-09-30 | restructuring | in_progress | Europe | Europe segment | USD 75 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Special termination benefits of $15M in Q3 and $75M YTD for an ongoing Europe segment restructuring program; approximately 62 percent expected to be recovered from joint venture partners. Employee count not disclosed. | ||||
| 2015-09-30 | restructuring | in_progress | 2015-01-01 | Global | Various | USD 290 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Ongoing reduction in overall employee workforce due to business environment impact on operating and capital plans. Severance accruals of $290 million recorded for the nine months ended Sept 30, 2015. Employee count not disclosed. | |||
| 2015-09-30 | restructuring | in_progress | Global | Various | USD 202 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance accruals of $202 million recorded for the three months ended Sept 30, 2015, due to reduction in overall employee workforce. | ||||
| 2015-09-30 | restructuring | in_progress | Global | Various | USD 290 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance accruals of $290 million recorded for the nine months ended Sept 30, 2015, due to reduction in overall employee workforce. | ||||
| 2015-09-30 | restructuring | in_progress | Europe | Europe Segment | USD 15 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Additional expense of $15 million recognized in Q3 2015 for employee special termination benefits in Europe segment. | ||||
| 2015-09-30 | restructuring | in_progress | Europe | Europe Segment | USD 75 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Additional expense of $75 million recognized in YTD 2015 for employee special termination benefits in Europe segment. | ||||
| 2015-06-30 | restructuring | in_progress | Worldwide | Corporate-wide | USD 88 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer states a workforce reduction occurred in 2015 due to the business environment's impact on operating and capital plans; six-month severance accruals of $88M, payments of $84M, $59M balance at 2015-06-30 ($21M short-term). No employee count or announcement date disclosed. | ||||
| 2015-06-30 | restructuring | in_progress | Europe | Europe segment | USD 60 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Special termination benefits of $60M recognized in the six months ended 2015-06-30 ($10M in Q2), of which approximately 62 percent is expected to be recovered from partners. No employee count disclosed. | ||||
| 2015-06-30 | other | announced | 2015-07-01 | United States — Gulf of Mexico | Deepwater exploration | USD 460 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | July 2015 announcement to reduce future deepwater exploration spending, including termination of a Gulf of Mexico drillship contract; expected Q3 2015 pre-tax charges of up to $400M (rig termination fee) plus ~$60M write-off of capitalized rig-related costs. No employee count disclosed; charge is not severance. | |||
| 2015-06-30 | restructuring | in_progress | 2015-06-30 | Europe | Europe Segment | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Additional expense associated with employee special termination benefits due to ongoing restructuring program. | |||
| 2015-06-30 | restructuring | in_progress | 2015-06-30 | Global | Corporate and Other | USD 88 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Severance accruals for reduction in overall employee workforce during 2015. Includes accruals of $88 million and payments of $84 million for the six months ended June 30, 2015. | |||
| 2015-06-30 | restructuring | in_progress | 2015-06-30 | Global | Corporate and Other | USD 88 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction in overall employee workforce occurred during 2015. Severance accruals of $88 million recorded for the six months ended June 30, 2015. Employee count not disclosed. | |||
| 2015-06-30 | restructuring | in_progress | 2015-06-30 | Europe | Europe | USD 60 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Ongoing restructuring program in Europe segment. $60 million expense recognized for employee special termination benefits for the six months ended June 30, 2015. Approximately 62% expected to be recovered from partners. Employee count not disclosed. | |||
| 2015-06-30 | other | announced | 2015-07-01 | Gulf of Mexico | Lower 48 | USD 460 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Plan to reduce future deepwater exploration spending. Termination of Gulf of Mexico deepwater drillship contract. Expected pre-tax charges of up to $400 million for termination fee and $60 million for write-off of capitalized rig-related costs in Q3 2015. Employee count not disclosed. | |||
| 2015-03-31 | restructuring | in_progress | 2015-03-31 | United States | Corporate and Other | USD 33 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | No separate announcement date disclosed; accrual recorded in Q1 2015. No employee count disclosed by segment. | |||
| 2015-03-31 | restructuring | in_progress | 2015-03-31 | United States | Lower 48 | USD 25 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | No separate announcement date disclosed; accrual recorded in Q1 2015. No employee count disclosed by segment. | |||
| 2015-03-31 | restructuring | in_progress | 2015-03-31 | Canada | Canada | USD 24 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | No separate announcement date disclosed; accrual recorded in Q1 2015. No employee count disclosed by segment. | |||
| 2015-03-31 | restructuring | in_progress | 2015-03-31 | United States | Alaska | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | No separate announcement date disclosed; accrual recorded in Q1 2015. No employee count disclosed by segment. | |||
| 2015-03-31 | restructuring | in_progress | 2015-03-31 | Asia Pacific and Middle East | Asia Pacific and Middle East | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | No separate announcement date disclosed; accrual recorded in Q1 2015. No employee count disclosed by segment. | |||
| 2015-03-31 | restructuring | in_progress | 2015-03-31 | Europe | Europe | USD 50 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing Europe restructuring program; charge is for employee special termination benefits, of which about 62 percent is expected to be recovered from partners. No employee count or completion date disclosed. | |||
| 2015-03-31 | restructuring | in_progress | 2015-01-01 | 2015-12-31 | Global | Multiple Segments | USD 85 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Reduction in overall employee workforce expected in 2015 due to business environment impact on operating and capital plans. Accruals of $85 million recorded in Q1 2015 across Corporate and Other ($33M), Lower 48 ($25M), Canada ($24M), Alaska ($2M), and Asia Pacific and Middle East ($1M). | ||
| 2015-03-31 | restructuring | in_progress | 2015-01-01 | Europe | Europe Segment | USD 50 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Ongoing restructuring program in Europe segment. Recognized $50 million expense for employee special termination benefits in Q1 2015. Approximately 62% expected to be recovered from partners. | |||
| 2015-03-31 | restructuring | in_progress | 2015-03-31 | 2015-12-31 | Global | Corporate and Other, Lower 48, Canada, Alaska, Asia Pacific and Middle East | USD 85 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction in overall employee workforce expected in 2015 due to business environment impact on operating and capital plans. Accruals of $85 million recorded in Q1 2015 across multiple segments. | ||
| 2015-03-31 | restructuring | in_progress | 2015-03-31 | Europe | Europe | USD 50 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Ongoing restructuring program in Europe segment. Recognized additional expense of $50 million associated with employee special termination benefits. Approximately 62 percent expected to be recovered from partners. | |||
| 2014-12-31 | divestiture_reduction | completed | 2012-12-20 | 2014-07-30 | Nigeria | Other International | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Nigeria upstream affiliates completed July 30, 2014 for $1,359 million; headcount not disclosed. | |||
| 2014-12-31 | divestiture_reduction | completed | 2012-12-18 | 2013-11-27 | Algeria | Other International | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Algeria business completed Q4 2013; presented as discontinued operations in 2014 filing. Headcount not disclosed. | |||
| 2014-12-31 | divestiture_reduction | completed | 2012-11-26 | 2013-10-31 | Kazakhstan | Other International | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 8.4% Kashagan interest completed Q4 2013; presented as discontinued operations. Headcount not disclosed. | |||
| 2014-09-30 | divestiture_reduction | completed | 2012-12-20 | 2014-07-30 | Nigeria | Upstream (Other International segment) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Nigeria upstream affiliates to Oando PLC affiliates completed 2014-07-30 for $1,359 million; no employee headcount impact disclosed. | |||
| 2014-06-30 | divestiture_reduction | completed | 2012-12-20 | 2014-07-30 | Nigeria | Other International — upstream affiliates | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Nigeria upstream assets closed 2014-07-30 for about $1.5 billion; no employee count disclosed. Related Brass LNG interest transferred to remaining shareholders in July 2014. | |||
| 2013-12-31 | divestiture_reduction | completed | 2012-12-18 | 2013-11-27 | Algeria | Other International | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of ConocoPhillips Algeria Ltd. to Pertamina completed 2013-11-27 for $1,652 million; no employee count disclosed. | |||
| 2013-12-31 | divestiture_reduction | completed | 2012-11-26 | 2013-10-31 | Kazakhstan | Other International | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 8.4 percent interest in Kashagan to KazMunayGas completed 2013-10-31 for $5,392 million; no employee count disclosed. | |||
| 2013-12-31 | divestiture_reduction | in_progress | 2012-12-20 | 2014-03-31 | Nigeria | Other International | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreements to sell Nigeria upstream affiliates and Brass LNG; upstream closing anticipated Q1 2014 with ~$1.5 billion proceeds; no employee count disclosed. | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-01-01 | 2013-12-31 | United States, Canada, Trinidad and Tobago, Australia | Lower 48 and Latin America; Canada; Asia Pacific and Middle East | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2013 non-core asset sales included Cedar Creek Anticline, southwest Louisiana properties, Clyden oil sands leasehold, Phoenix Park equity interest, and Browse/Canning basin working interests; $10.2 billion total proceeds; no employee counts disclosed. | |||
| 2012-12-31 | divestiture_reduction | completed | 2012-04-30 | 2012-04-30 | Global | Downstream business (refining, marketing, transportation, midstream, chemicals, power generation) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Spin-off of the Downstream business completed April 30, 2012; no employee count disclosed. | |||
| 2012-12-31 | divestiture_reduction | in_progress | 2012-11-26 | 2013-06-30 | Kazakhstan | Other International — Kashagan interest (8.4%) | USD 606 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax impairment of $606 million recorded to write carrying value to fair value less costs to sell; no headcount disclosed. | ||
| 2012-12-31 | divestiture_reduction | in_progress | 2012-12-18 | 2013-06-30 | Algeria | Other International — Algerian business | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell ConocoPhillips Algeria Ltd. for $1.75 billion; no headcount disclosed. | |||
| 2012-12-31 | divestiture_reduction | in_progress | 2012-12-20 | 2013-06-30 | Nigeria | Other International — Nigerian business unit | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Nigerian business unit for $1.79 billion; no headcount disclosed. | |||
| 2012-12-31 | divestiture_reduction | completed | 2012-03-01 | 2012-03-31 | Vietnam | Asia Pacific and Middle East | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Vietnam business sold for $1,095 million with a $931 million gain; no headcount disclosed. | |||
| 2012-12-31 | divestiture_reduction | completed | 2012-04-01 | 2012-04-30 | Norway / United Kingdom | Europe — Statfjord Field and associated satellites | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Statfjord interests sold for $228 million with a $429 million gain; no headcount disclosed. | |||
| 2012-12-31 | divestiture_reduction | completed | 2012-05-01 | 2012-05-31 | United Kingdom | Europe — Alba Field | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Alba Field interest sold for $220 million with a $155 million gain; no headcount disclosed. | |||
| 2012-12-31 | divestiture_reduction | completed | 2012-08-01 | 2012-08-31 | Russia | Other International — Naryanmarneftegaz (NMNG) 30% interest | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | NMNG interest sold for $450 million with a $206 million gain; no headcount disclosed. | |||
| 2012-12-31 | divestiture_reduction | in_progress | 2013-01-15 | 2013-03-31 | United States (North Dakota and Montana) | Lower 48 and Latin America — Cedar Creek Anticline | USD 192 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | January 2013 agreement to sell Cedar Creek Anticline properties to Denbury Resources for $1.05 billion; $192 million pre-tax impairment recorded in December 2012; no headcount disclosed. | ||
| 2012-09-30 | divestiture_reduction | completed | 2012-04-30 | 2012-04-30 | Global | Downstream (refining, marketing and transportation, most of Midstream, Chemicals, and certain Emerging Businesses power/technology operations) | USD 70 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spin-off of Phillips 66 completed 2012-04-30; no affected-employee count disclosed. Charge is after-tax transaction, information systems and other separation costs for the nine months ended 2012-09-30. Original announcement date not stated in this filing; completion date used. | ||
| 2012-06-30 | divestiture_reduction | completed | 2012-04-30 | Global | Downstream (refining, marketing and transportation, most of Midstream, Chemicals, and certain power generation/technology operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spin-off of the Downstream business into Phillips 66 completed April 30, 2012; results reclassified to discontinued operations for all periods. No employee count associated with the separation is disclosed in this filing. Separation-related costs of $70 million after-tax for the six-month period were incurred, primarily compensation and benefit plan costs. | ||||
| 2011-12-31 | plant_closure | in_progress | 2011-09-01 | 2012-03-31 | United States | Refining and Marketing | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Refinery idled effective 2011-10-01; a $467 million impairment was recorded in 2011 but no employee count disclosed. Filer states plan to permanently close by end of Q1 2012 if a sales transaction is unsuccessful. | |||
| 2011-12-31 | divestiture_reduction | completed | 2011-08-31 | Germany | Refining and Marketing | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed August 2011; a $1,514 million impairment was recorded in 2010 and an $86 million after-tax loss on sale in 2011. No employee count disclosed. | ||||
| 2011-12-31 | divestiture_reduction | completed | 2010-07-28 | 2011-03-31 | Russia | LUKOIL Investment | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Equity investment sale, not an operating workforce action; no employee count disclosed. | |||
| 2011-12-31 | divestiture_reduction | announced | 2012-02-01 | 2012-06-30 | Vietnam | Exploration and Production | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event after fiscal year-end; transaction expected to close in first half of 2012. No employee count disclosed. | |||
| 2011-12-31 | divestiture_reduction | announced | 2012-01-01 | 2012-06-30 | Norway | Exploration and Production | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event after fiscal year-end; expected to close Q2 2012. No employee count disclosed. | |||
| 2011-12-31 | other | in_progress | 2011-07-14 | 2012-06-30 | United States | Refining and Marketing, Midstream, Chemicals, Emerging Businesses | USD 150 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Spin-off of downstream businesses announced 2011-07-14; estimated pre-separation earnings impact of approximately $150 million after-tax, of which $25 million incurred in 2011. No employee counts disclosed for the separation. | ||
| 2011-09-30 | plant_closure | announced | 2011-09-27 | 2012-03-31 | United States (Trainer, Pennsylvania) | Refining and Marketing | USD 484 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer announced intent to sell the 185,000 barrel-per-day Trainer refinery and idled it; permanent closure planned by end of Q1 2012 if no sale. $484 million pre-tax impairment recorded (MD&A cites $314 million after-tax). No employee count disclosed. | ||
| 2011-09-30 | divestiture_reduction | completed | 2011-08-31 | Germany (Wilhelmshaven) | Refining and Marketing | USD 228 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the Wilhelmshaven refinery, which had operated as a terminal since Q4 2009; $228 million pre-tax loss on disposition. No headcount associated with the sale is disclosed. | |||
| 2011-09-30 | other | announced | 2011-07-14 | 2012-06-30 | Global | Downstream (R&M, most of Midstream, Chemicals, power generation, certain technology operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board-approved tax-free spin-off of the downstream businesses, expected completion Q2 2012, subject to IRS private letter ruling and other conditions. No workforce transfer or headcount figures disclosed. | |||
| 2011-06-30 | divestiture_reduction | announced | 2011-07-14 | 2012-06-30 | Global | Refining and Marketing (R&M) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board approved pursuing a tax-free spin-off of the R&M business into a stand-alone public company, expected completion first half of 2012; no employee counts or workforce impact disclosed. Filer also studying whether other segments or components should be included. | |||
| 2009-12-31 | restructuring | completed | 2008-12-31 | 2009-12-31 | Global | Multiple business units and staff groups | USD 162 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Workforce reduction in 2009 driven by 2008 business environment impact on operating and capital plans; $162M severance accrual recorded in Q4 2008. During 2009: $5M additional accruals, $75M benefit payments, $80M accrual reversals, leaving $12M balance at year-end. Employee headcount affected not disclosed. | ||
| 2009-12-31 | divestiture_reduction | completed | United States | Refining and Marketing (retail marketing assets) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of a large part of U.S. retail marketing assets closed during 2009; headcount removed not disclosed. Approximately 100 dealer-operated sites remained to be sold in 2010. | |||||
| 2009-12-31 | divestiture_reduction | completed | United States | Refining and Marketing (Keystone Pipeline interest) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Remaining interest in four Keystone Pipeline entities sold to TransCanada in Q3 2009; associated headcount not disclosed. | |||||
| 2009-12-31 | divestiture_reduction | announced | 2009-12-31 | 2011-12-31 | Global | Company-wide | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced during 2009: plan to raise ~$10B from asset dispositions over two years, targeted to debt reduction. Disposition candidates across all operations; headcount impact not quantified. | |||
| 2009-12-31 | restructuring | completed | 2008-Q4 | 2009-12-31 | Worldwide | Various business units and staff groups | USD 162 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Reduction in overall employee workforce occurred in 2009 due to 2008 business environment impact. Accruals of $162 million recorded in Q4 2008. Ending balance $12 million. | ||
| 2009-12-31 | acquisition_addition | completed | 2009-12-31 | 2009-12-31 | Russia / Kazakhstan | Exploration and Production | USD 1,600 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | OAO LUKOIL acquired the remaining 46.0% of equity affiliate LUKARCO B.V. for $1.6 billion, raising ownership to 100%; $300 million first installment paid December 2009, remainder due within two years. No employee headcount disclosed. | ||
| 2009-12-31 | acquisition_addition | completed | 2009-12-31 | 2009-12-31 | Russia | Exploration and Production | USD 235 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired the remaining 25.2% of OAO RITEK share capital, increasing the Group's stake to 100%. No employee headcount disclosed. | ||
| 2009-12-31 | acquisition_addition | completed | 2009-03-31 | 2009-06-30 | Russia | Refining, Marketing and Distribution | USD 238 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | First quarter 2009 acquisition of 100% interests in OOO Smolenskneftesnab, OOO IRT Investment, OOO PM Invest and OOO Retaier House (96 petrol stations); $165 million allocated to goodwill. No employee headcount disclosed. | ||
| 2009-12-31 | acquisition_addition | completed | 2009-01-01 | 2009-06-30 | Russia | Other (power generation) | USD 127 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | January to June 2009 acquisition of the remaining 4.47% of TGK-8, raising Group ownership to 100%. No employee headcount disclosed. | ||
| 2009-12-31 | acquisition_addition | completed | 2009-06-30 | 2009-09-30 | Netherlands | Refining, Marketing and Distribution | USD 700 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement with Total in June 2009 to acquire a 45% interest in the TRN refinery, finalized September 2009 for approximately $700 million. No employee headcount disclosed. | ||
| 2009-09-30 | restructuring | in_progress | 2008-12-31 | Global | Multiple business units and staff groups | USD 162 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance accruals recorded in Q4 2008 for a workforce reduction occurring during 2009; no employee count disclosed. Roll-forward at 2009-09-30: beginning $162M, 2009 accruals $5M, benefit payments $72M, reversals $64M, ending balance $31M (classified short-term). | |||
| 2009-09-30 | restructuring | in_progress | 2008-12-31 | Global | Various business units and staff groups | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Reduction in overall employee workforce due to business environment impact on operating and capital plans. Accruals recorded in Q4 2008. Q3 2009 saw $5M in new accruals, $72M in payments, and $64M in reversals. | |||
| 2009-09-30 | restructuring | in_progress | 2009-01-01 | Global | Various business units and staff groups | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction in overall employee workforce occurring during 2009 due to business environment impact. Accruals of $5 million recorded in the nine months ended Sept 30, 2009. Total accruals since inception $167 million ($162m in Q4 2008 + $5m in 2009). Ending balance $31 million. | |||
| 2009-06-30 | restructuring | in_progress | 2008-12-31 | Global | Various business units and staff groups | USD 162 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance accruals totaling $162 million were recorded in Q4 2008 as the company reduced its workforce during 2009 due to the business environment's impact on operating and capital plans. During the first six months of 2009, $5 million of additional accruals and $66 million of benefit payments left a $101 million short-term balance at June 30, 2009. No employee count, completion date, or geographic/segment split was disclosed. | |||
| 2009-06-30 | restructuring | in_progress | 2008-Q4 | Global | Various business units and staff groups | USD 162 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Reduction in overall employee workforce due to business environment impact on operating and capital plans. Accruals of $162 million recorded in Q4 2008. Ending balance at June 30, 2009 was $101 million. | |||
| 2009-06-30 | restructuring | in_progress | 2009-01-01 | Global | Various business units and staff groups | USD 101 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction in overall employee workforce due to business environment impact. Ending accrual balance of $101 million as of June 30, 2009. Employee count not disclosed. | |||
| 2009-03-31 | restructuring | in_progress | 2008-12-31 | Global | Multiple business units and staff groups | USD 162 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Accruals of $162M recorded in Q4 2008 for severance and related benefits; a reduction in overall workforce is expected during 2009 due to the business environment's impact on operating and capital plans. Q1 2009 activity: $1M additional accrual, $7M benefit payments, $156M balance at 2009-03-31 (classified short-term). No employee count disclosed. | |||
| 2009-03-31 | restructuring | in_progress | 2008-10-01 | 2009-12-31 | Global | Various business units and staff groups | USD 162 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Reduction in overall employee workforce expected in 2009 due to business environment impact on operating and capital plans. Accruals recorded in Q4 2008. Ending balance at March 31, 2009 was $156 million, classified as short-term. Employee count not disclosed. | ||
| 2009-03-31 | restructuring | in_progress | 2008-12-31 | 2009-12-31 | Global | Various business units and staff groups | USD 162 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reduction in overall employee workforce expected in 2009 due to business environment impact on operating and capital plans. Accruals recorded in Q4 2008. Ending balance at March 31, 2009 was $156 million. | ||
| 2008-12-31 | restructuring | announced | 2008-12-31 | Worldwide | Various business units and staff groups | USD 162 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Accrual recorded in Q4 2008 for a workforce reduction expected during 2009; employee count not disclosed. All classified as short-term. | |||
| 2008-12-31 | restructuring | completed | 2008-Q4 | Global | Various business units and staff groups | USD 162 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Reduction in overall employee workforce expected in 2009 due to business environment impact on operating and capital plans. Accruals recorded in Q4 2008 for severance and related benefits. | |||
| 2007-12-31 | restructuring | in_progress | 600 | 2006-03-01 | 2008-03-31 | Primarily United States | Corporate / cross-segment | USD 230 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cumulative through fiscal year-end; program announced March 2006 following Burlington Resources acquisition. 2007 activity: $13M additional accrual, $68M benefit payments, $65M balance at year-end. All workforce reductions expected complete by March 2008. | |
| 2007-12-31 | restructuring | completed | 600 | 2006-03 | 2008-03 | United States | Corporate | USD 230 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Program implemented in March 2006 following Burlington Resources acquisition. Approximately 600 positions identified for elimination, most in the US. All workforce reductions expected to be completed by March 2008. | |
| 2007-09-30 | restructuring | in_progress | 35 | 2008-03-31 | Primarily United States | Primarily Exploration and Production (Burlington Resources integration) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Burlington Resources integration program: 35 additional positions identified for elimination during 2007, on top of approximately 600 positions identified during 2006 (prior-year action, not extracted). Total accrual of $230M was recorded in 2006 ($224M assumed in Burlington purchase price allocation, $6M in ConocoPhillips SG&A); non-pension accrual balance was $80M at 2007-09-30 after $57M of benefit payments and $17M of adjustments during the first nine months of 2007. Charge attributable to the 35 positions not separately disclosed. All workforce reductions expected complete by March 2008. | |||
| 2007-09-30 | restructuring | in_progress | 35 | 2007-01-01 | 2008-03-31 | United States | Corporate / General | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Additional 35 positions identified for elimination in 2007 as part of Burlington Resources acquisition synergy program. Balance at Sept 30, 2007 was $80 million, including $35 million current liabilities. All workforce reductions expected to be completed by March 2008. | |
| 2007-09-30 | restructuring | in_progress | 35 | 2007-01-01 | 2008-03-31 | United States | Corporate | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Additional 35 positions identified for elimination in 2007 as part of Burlington Resources acquisition synergy program. Total accrual balance $80 million at Sept 30, 2007. | ||
| 2007-06-30 | restructuring | in_progress | 25 | 2008-03-31 | Primarily United States | Burlington Resources integration / corporate restructuring | USD 15 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Burlington acquisition restructuring program; 25 additional positions identified for elimination during 2007, on top of ~600 identified in 2006. $15M in adjustments recorded in first six months of 2007; non-pension accrual balance $95M at June 30, 2007. All workforce reductions expected complete by March 2008. | ||
| 2007-06-30 | restructuring | in_progress | 25 | 2007-01-01 | 2008-03-31 | United States | Corporate | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Additional 25 positions identified for elimination in 2007 as part of Burlington Resources acquisition integration. Total accrual balance at June 30, 2007 was $95 million. Workforce reductions expected to be completed by March 2008. | ||
| 2007-06-30 | restructuring | in_progress | 625 | 2006-01-01 | 2008-03-31 | United States | Corporate / General | USD 95 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program initiated in 2006 following Burlington Resources acquisition. 600 positions identified in 2006, 25 additional in 2007. Balance at June 30, 2007 was $95 million. | |
| 2007-03-31 | restructuring | in_progress | 600 | 2006-03-31 | 2008-03-31 | Primarily United States | Corporate-wide (Burlington Resources integration) | USD 230 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program tied to Burlington Resources synergies; accrual covers severance, site closings, pension costs and relocations. Of the $230M accrual recorded in 2006, $224M was assumed in the Burlington purchase price allocation and $6M was recorded in ConocoPhillips SG&A. Non-pension accrual balance was $104M at 2007-03-31 (including $64M current), after $26M of benefit payments and $10M of adjustments during Q1 2007. Approximately 600 positions identified for elimination; all workforce reductions expected complete by March 2008. | |
| 2007-03-31 | acquisition_addition | completed | 2005-12-12 | 2006-03-31 | North America | Exploration and Production | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | $33.9 billion acquisition completed 2006-03-31; final purchase price allocation completed in Q1 2007. No headcount added through the acquisition is disclosed in this filing. | |||
| 2007-03-31 | restructuring | in_progress | 600 | 2006-03-31 | 2008-03-31 | United States | Corporate / General | USD 230 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Program initiated in connection with the acquisition of Burlington Resources Inc. in March 2006. Approximately 600 positions identified for elimination, mostly in the U.S. Total accrual of $230 million recorded in 2006 for severance, site closings, pension costs, and relocations. Balance at March 31, 2007 was $104 million. | |
| 2007-03-31 | restructuring | in_progress | 600 | 2006-03-31 | 2008-03-31 | United States | Corporate | USD 230 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program initiated in connection with Burlington Resources acquisition. Approximately 600 positions identified for elimination, mostly in the US. All workforce reductions expected to be completed by March 2008. Accrual includes severance, site closings, pension costs, and relocations. | |
| 2006-12-31 | restructuring | in_progress | 600 | 2006-03-01 | 2008-03-31 | Primarily United States | Corporate and operating functions across ConocoPhillips and Burlington Resources | USD 230 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program implemented March 2006 to capture Burlington Resources acquisition synergies; accrual covers severance, site closings, incremental pension costs and relocations. Approximately 600 positions identified for elimination. Of the $230M accrual, $224M was recorded as an assumed liability in the Burlington purchase price allocation and $6M ($4M after-tax) in ConocoPhillips SG&A. Includes $12M of pension benefits payable over future years. Benefit payments of $98M were made during 2006, leaving a $120M balance at year-end (including $72M current). | |
| 2006-12-31 | acquisition_addition | completed | 2005-12-12 | 2006-03-31 | United States, Canada, international | Exploration and Production | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | $33.9 billion acquisition completed March 31, 2006; headcount added through the acquisition is not separately disclosed in the filing. | |||
| 2006-12-31 | divestiture_reduction | in_progress | 2006-12-01 | 2007-12-31 | United States | Refining and Marketing — retail marketing outlets | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | December 2006 announcement of a program to divest company-owned and company-operated U.S. retail outlets to wholesale marketers; approximately 830 outlets scheduled for divestiture, of which 330 are company-owned and operated. Associated headcount not disclosed. | |||
| 2006-12-31 | divestiture_reduction | announced | 2006-12-01 | 2007-06-30 | Europe (six countries) | Refining and Marketing — retail marketing outlets | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement reached in December 2006 to sell 376 fueling stations in six European countries to LUKOIL; expected to close in Q2 2007. Associated headcount not disclosed. | |||
| 2006-12-31 | restructuring | in_progress | 600 | 2006-03-31 | 2008-03-31 | United States | Corporate and Other | USD 230 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Implemented following Burlington Resources acquisition. Includes severance, site closings, pension costs, and relocations. Most positions in the US. | |
| 2006-09-30 | restructuring | in_progress | 600 | 2006-03 | 2008-03-31 | Primarily United States | Corporate-wide (Burlington Resources integration synergies) | USD 201 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Accrual covers severance, site closings, incremental pension costs and relocations; $196M assumed in Burlington purchase price allocation, $5M in SG&A. $87M of the $189M non-pension accrual paid through Sept 2006, leaving $102M balance ($75M expected within one year). | |
| 2006-09-30 | acquisition_addition | completed | 2005-12-12 | 2006-03-31 | North America | Exploration and Production | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | $33.9 billion acquisition closed 2006-03-31; no employee headcount added disclosed. Related restructuring program (separate record) identified ~600 positions for elimination. | |||
| 2006-09-30 | acquisition_addition | completed | 2006-02-28 | 2006-02-28 | Germany | Refining and Marketing | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Wilhelmshaven refinery and a support entity; no employee headcount added disclosed. | |||
| 2006-09-30 | restructuring | in_progress | 600 | 2006-03-31 | 2008-03-31 | United States | Corporate / General | USD 201 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Approximately 600 positions identified for elimination, most in the US. Total accrual of $201 million includes severance, site closings, pension costs, and relocations. $196 million reflected in Burlington Resources purchase price allocation; $5 million in SG&A. | |
| 2006-09-30 | restructuring | in_progress | 600 | 2006-03-01 | 2008-03-31 | United States | Corporate / General | USD 201 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program implemented to capture synergies from Burlington Resources acquisition. Includes severance, site closings, pension costs, and relocations. Most positions are in the US. | |
| 2006-06-30 | restructuring | in_progress | 500 | 2006-03-31 | 2008-03-31 | Primarily United States | Corporate / enterprise-wide (Burlington Resources integration) | USD 174 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program implemented March 2006 to capture Burlington synergies; accrual covers severance, site closings, incremental pension costs and relocations. Approximately 500 positions identified for elimination. $169M recorded as assumed liability in Burlington purchase price allocation; $5M ($3M after-tax) in ConocoPhillips SG&A. Includes $12M of pension benefits; $71M of benefit payments made through June 2006 against the $162M non-pension accrual, leaving $91M ending liability ($54M expected within one year). | |
| 2006-06-30 | acquisition_addition | completed | 2005-12-12 | 2006-03-31 | North America (primarily United States and Canada) | Exploration and Production (E&P) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | $33.9 billion acquisition completed March 31, 2006; added approximately 2 billion BOE of proved reserves. No employee headcount added through the acquisition is disclosed. Results of operations include Burlington beginning in Q2 2006. Related restructuring program shown separately above. | |||
| 2006-06-30 | acquisition_addition | completed | 2006-02-28 | 2006-02-28 | Germany | Refining and Marketing (R&M) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the Wilhelmshaven refinery (260,000 bpd), marine terminal, loading facilities, tank farm and a supporting commercial/administrative entity; recorded $225M of R&M goodwill. No employee headcount disclosed. | |||
| 2006-06-30 | restructuring | in_progress | 500 | 2006-03-31 | 2008-03-31 | United States | USD 174 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Program implemented to capture synergies from Burlington Resources acquisition; most positions in the U.S. | ||
| 2006-06-30 | restructuring | in_progress | 500 | 2006-03-31 | 2008-03-31 | United States | Corporate / General | USD 174 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program implemented to capture synergies from Burlington Resources acquisition. Includes severance, site closings, pension costs, and relocations. Most positions are in the US. | |
| 2006-03-31 | restructuring | in_progress | 585 | 2006-03 | 2008-03-31 | United States | USD 172 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program implemented March 2006 to capture Burlington Resources synergies; approximately 585 positions identified for elimination, most in the United States. Accrual covers severance, incremental pension benefit costs and Burlington employee relocations; $165M assumed in the Burlington purchase price allocation and $7M recorded in SG&A. $8M of non-pension accrual paid in March 2006, leaving $159M balance, of which $63M is classified long-term. | ||
| 2006-03-31 | acquisition_addition | completed | 2005-12-12 | 2006-03-31 | United States | Exploration and Production | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | $33.8 billion acquisition closed March 31, 2006; no employee headcount added disclosed. Related restructuring program identified approximately 585 positions for elimination. | |||
| 2006-03-31 | restructuring | in_progress | 585 | 2006-03-31 | 2008-03-31 | United States | USD 172 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Program implemented to capture synergies from Burlington Resources acquisition. Most positions identified for elimination are in the United States. | ||
| 2006-03-31 | restructuring | in_progress | 585 | 2006-03-31 | 2008-03-31 | United States | USD 172 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program implemented to capture synergies from Burlington Resources acquisition. Accruals for severance, pension benefits, and relocations. Most positions in the US. | ||
| 2005-12-31 | acquisition_addition | announced | 2005-12-12 | 2006-03-31 | United States; Canada | Exploration and Production | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to acquire Burlington Resources Inc. for a preliminary value of $33.9 billion ($46.50 cash plus 0.7214 COP shares per share); closing subject to Burlington shareholder approval on 2006-03-30. No Burlington headcount disclosed in the filing. | |||
| 2004-12-31 | restructuring | completed | 950 | 2002-09-01 | 2004-12-31 | Worldwide (primarily United States) | Company-wide (merger integration) | USD 46 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2004 activity in the Conoco/Phillips merger restructuring program; approximately 950 employees terminated during 2004, bringing cumulative terminations to 3,950. Of the $46M FY2004 accrual, $33M was recorded in the income statement and $13M as a currency translation adjustment; $4M related to pension/postretirement benefits. Year-end 2004 reserve was $89M ($54M classified long-term). Program reported as essentially completed during 2004. | |
| 2004-12-31 | divestiture_reduction | in_progress | 2002-12-01 | 2005-12-31 | United States | Refining and Marketing (retail marketing sites) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Disposition program covering approximately 3,200 marketing sites; during 2004 the Mobil-branded East Coast assets were sold (about 100 company-operated sites plus 350 dealer sites). Approximately 270 sites remained at year-end 2004, with about 200 under contracts expected to close in 2005. No employee counts disclosed. | |||
| 2004-12-31 | divestiture_reduction | completed | 2004-02-01 | 2004-02-29 | Canada | Midstream / E&P (Petrovera heavy-oil joint venture interest) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the company's 46.7 percent interest in Petrovera in February 2004; no headcount disclosed. | |||
| 2004-12-31 | divestiture_reduction | completed | 2004-04-01 | 2004-06-30 | United States (Texas, Louisiana, New Mexico) | Midstream | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | During 2004 the company sold certain Midstream assets, including a 700-mile Louisiana pipeline system; no headcount disclosed. | |||
| 2004-12-31 | restructuring | completed | 950 | 2002-09-01 | 2004-12-31 | Worldwide | Corporate and Other | USD 33 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Approximately 950 employees were terminated during 2004 as part of the merger-related restructuring program initiated in September 2002. The program was essentially completed during 2004. The $33 million charge represents before-tax restructuring charges recorded in 2004. | |
| 2004-09-30 | restructuring | completed | 3,950 | 2002 | 2004-09-30 | Worldwide (most in the United States) | Corporate-wide (workforce reductions, site closings, Conoco employee relocations) | USD 34 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger-related program from the 2002 Conoco/Phillips merger; approximately 3,950 terminations essentially complete, with about 950 terminated in the first nine months of 2004. Associated charge is the $34 million additional accrual recorded during the nine months ended 2004-09-30 (including $4 million of pension/postretirement expense and $6 million recorded as FX translation adjustment); total program accruals of $1,120 million were recorded in 2002-2003. Non-pension reserve balance was $91 million at 2004-09-30, of which $57 million is classified as long-term. | |
| 2004-09-30 | restructuring | completed | 950 | Worldwide | Corporate and Other | USD 34 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Approximately 950 employees terminated during the first nine months of 2004. Essentially all 3,950 employee terminations under the restructuring program have now been completed. Total accruals for the nine-month period were $34 million. | |||
| 2004-09-30 | restructuring | completed | 950 | Worldwide | Corporate and Other | USD 30 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approximately 950 employees terminated during the first nine months of 2004 as part of the 2002 merger restructuring program. The footnote states 'essentially all 3,950 employee terminations under the restructuring program have now been completed.' The $30 million represents the non-pension accrual activity for the nine months ended September 30, 2004. | |||
| 2004-06-30 | restructuring | in_progress | 3,950 | 2002-08-30 | 2005-06-30 | Worldwide (primarily United States) | Company-wide (Conoco and Phillips legacy workforce reductions, site closings, Conoco employee relocations) | USD 19 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger-related program; severance benefits for about 3,950 employees. 925 terminated in 1H 2004; about 3,925 terminated since inception. $19M accrued in 1H 2004 (incl. $4M pension/postretirement); nonpension reserve $92M at 6/30/04, $51M classified long-term. | |
| 2004-06-30 | restructuring | in_progress | 925 | 2002-08-30 | Worldwide | Corporate and Other | USD 15 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Approximately 925 employees terminated during the first six months of 2004 as part of the 2002 merger restructuring program. $15 million in non-pension accruals recorded in the six-month period. | ||
| 2004-06-30 | restructuring | in_progress | 925 | 2002-08-30 | Worldwide | Corporate and Other | USD 15 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Terminations during the first six months of 2004 related to the 2002 merger restructuring program. Total accruals for the period were $19 million, of which $15 million was non-pension (severance/other). Cumulative terminations since program start: 3,925. | ||
| 2004-03-31 | restructuring | in_progress | 900 | Worldwide (most in the United States) | Corporate-wide (merger-related work force reductions, site closings, Conoco employee relocations) | USD 18 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program stems from the 2002 Conoco/Phillips merger; approximately 900 employees terminated in Q1 2004, ~3,900 cumulative since implementation. Q1 accrual of $18M (incl. $4M pension/postretirement) recorded in SG&A and production/operating expense; nonpension reserve fell from $247M to $121M after $140M of payments. Ending accrual expected to be extinguished within one year except $49M classified long-term. | |||
| 2004-03-31 | divestiture_reduction | in_progress | 2004-12-31 | United States (East Coast) | Refining and Marketing / midstream (discontinued operations — Mobil-branded marketing assets and other marketing assets held for sale) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two East Coast marketing asset sale agreements signed January 2004 (one closed April 2004, one expected Q2 2004); remaining marketing assets held for sale expected sold during 2004. No headcount figures disclosed for these dispositions. | ||||
| 2004-03-31 | restructuring | in_progress | 900 | Worldwide | Corporate / All Segments | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Approximately 900 employees terminated during Q1 2004 as part of ongoing merger-related restructuring. Total accruals of $18 million recorded in Q1 2004, of which $14 million was non-pension severance-related benefits. The remaining $4 million related to pension and postretirement benefits. | |||
| 2004-03-31 | restructuring | in_progress | 900 | Worldwide | Corporate / All Segments | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approximately 900 employees terminated in Q1 2004 as part of ongoing merger-related restructuring. Total terminated since program start is approx. 3,900. Q1 accrual of $14M (non-pension portion) reflects severance and other merger-related expenses. | |||
| 2003-12-31 | restructuring | in_progress | 3,000 | 2002-09-01 | 2004-03-31 | Worldwide | Corporate-wide | USD 240 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Merger-related restructuring program begun September 2002; approximately 3,900 positions identified for elimination worldwide, of which approximately 3,000 employees had been terminated by December 31, 2003. 2003 accrual of $240 million before-tax recorded in SG&A and production expense (an additional $110 million recorded as a purchase price adjustment). Restructuring liability at year-end 2003 was $247 million, expected to be expended by end of Q1 2004 except $53 million classified as long-term. Approximately 2,225 employees terminated during 2003. | |
| 2003-12-31 | divestiture_reduction | in_progress | 2002-12-01 | 2004-12-31 | United States | Refining and Marketing (retail marketing sites) | USD 96 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plan to dispose of approximately 3,200 marketing sites not fitting long-range plans; ~$1,412 million before-tax charges recorded in 2002 and an additional ~$96 million before-tax charge in 2003 based on disposals completed and signed agreements. Circle K sale (~1,660 outlets) closed Q4 2003; Exxon-branded assets (~230 sites) sold Q3 2003; Mobil-branded East Coast packages (104 company-owned and 352 dealer sites) signed January 2004, expected to close Q2 2004. Site counts disclosed; employee counts not disclosed. | ||
| 2003-12-31 | divestiture_reduction | completed | 2002-08-30 | 2003-12-31 | United States | Refining and Marketing / Midstream (FTC-mandated divestitures) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FTC-required divestitures as a condition of the Conoco/Phillips merger — Woods Cross refinery and marketing operations, Commerce City refinery and pipelines, Colorado marketing operations, and certain midstream gathering assets — all completed during 2003. Employee counts not disclosed. | |||
| 2003-12-31 | acquisition_addition | completed | 2001-11-18 | 2002-08-30 | Worldwide | All segments | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Merger of Conoco and Phillips consummated August 30, 2002 (prior fiscal year); headcount additions not quantified in this filing. Included for context only — no FY2003 acquisition-related headcount additions disclosed. | |||
| 2003-12-31 | restructuring | in_progress | 3,900 | 2002-09-01 | 2004-03-31 | Worldwide | Corporate and Other | USD 350 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Program began Sept 2002 to capture merger benefits. 3,900 positions identified for elimination; 3,000 terminated by Dec 31, 2003. $350M before-tax charge in 2003. | |
| 2003-09-30 | restructuring | in_progress | 3,900 | 2002-09 | 2004-03-31 | Worldwide (predominantly United States) | Company-wide merger integration (Conoco/Phillips) | USD 316 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program covers severance for about 3,900 positions identified for elimination; about 2,600 terminated since program start, about 1,825 terminated in the first nine months of 2003. The $316M accrual recorded in 9M 2003 comprises $109M booked as a purchase price adjustment and $207M in SG&A/production expense, and includes $92M of pension and other postretirement benefits. Restructuring liability was $304M at 2003-09-30 ($59M long-term). | |
| 2003-09-30 | divestiture_reduction | in_progress | 18,500 | 2002-12 | 2004-06-30 | United States | Retail marketing (downstream) | USD 68 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned sale of about 3,200 U.S. retail marketing sites is expected to reduce the U.S. workforce by 18,500 employees. The $68M severance relates only to a subset of about 1,425 transportation and non-store marketing employees whose payments were previously accrued. Majority of site sales expected in 2003, remainder in first half of 2004. | |
| 2003-09-30 | divestiture_reduction | announced | 2003-10 | 2003-12-31 | United States (16 states) | Retail marketing — The Circle K Corporation | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement signed in October 2003 to sell 1,663 retail outlets and the Circle K brand plus franchise relationships with 350+ stores; component of the broader 3,200-site divestiture plan. Associated headcount not disclosed; ConocoPhillips will continue supplying about 1.2 billion gallons of gasoline per year for two to five years. | |||
| 2003-09-30 | divestiture_reduction | completed | 2003-09-30 | United States | Refining, marketing and midstream (FTC-mandated divestitures) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | All FTC-mandated merger divestitures were completed by Q3 2003, including the Commerce City, Colorado refinery and related pipelines and Colorado marketing operations. Associated headcount not disclosed in this filing. | ||||
| 2003-09-30 | restructuring | in_progress | 3,900 | 2002-09-01 | 2004-03-31 | Worldwide | Corporate and Other | USD 316 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Approximately 2,600 employees terminated as of Sept 30, 2003. Charge includes severance, site closings, relocation, and pension benefits. | |
| 2003-09-30 | divestiture_reduction | completed | 18,500 | 2002-12-01 | 2003-12-31 | United States | Refining and Marketing | MD&A f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Plan to sell substantial portion of U.S. retail marketing sites. Includes approx 1,425 transportation and non-store marketing employees entitled to severance. | ||
| 2003-09-30 | restructuring | in_progress | 3,900 | 2002-09-01 | 2004-03-31 | Worldwide | Corporate and Other | USD 316 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approximately 3,900 positions identified for elimination since program inception in Sept 2002. 2,600 employees terminated by Sept 30, 2003. $316M additional accrual recorded in first nine months of 2003 for severance, site closings, and relocation. | |
| 2003-09-30 | divestiture_reduction | announced | 18,500 | 2002-12-01 | 2003-12-31 | United States | Refining and Marketing | USD 68 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Plan to sell substantial portion of U.S. retail marketing sites. Transactions will reduce U.S. workforce by 18,500 employees. Includes approx. 1,425 transportation/non-store employees entitled to $68M in previously accrued severance. | |
| 2003-06-30 | restructuring | in_progress | 3,800 | 2002-09 | 2004-03-31 | Worldwide (majority United States) | Enterprise-wide (merger-related redundancies, site closings, shared services consolidation) | USD 225 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger-related program begun September 2002; about 3,800 positions identified for elimination, of which 2,325 employees had been terminated by 2003-06-30 (about 1,550 terminated in the first six months of 2003). Additional accruals of $225 million recorded in the first six months of 2003 ($77 million as purchase price adjustment; $148 million in SG&A and production expense), including $83 million of pension and post-retirement benefit expense. Non-pension restructuring reserve was $287 million at 2003-06-30 ($36 million classified long-term), expected to be expended by end of Q1 2004. Severance covers roughly 3,800 employees worldwide, most in the United States. | |
| 2003-06-30 | divestiture_reduction | in_progress | 2002-12 | 2003-12-31 | United States | Refining and Marketing (retail marketing sites) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan committed in Q4 2002 to dispose of 3,200 marketing sites not fitting long-range plans; sales expected complete by end of 2003. No employee count associated with the divestiture is disclosed. Related after-tax lease-loss charges of $24 million in Q2 2003 and $49 million in the first six months of 2003 relate to guaranteed residual value deficiencies on sites being operated until sold. | |||
| 2003-06-30 | divestiture_reduction | completed | 2003-08 | United States | Refining and Marketing / Midstream (FTC-mandated divestitures) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | FTC-mandated merger divestitures: Woods Cross business unit and certain New Mexico/West Texas midstream assets sold in Q2 2003; Commerce City refinery and Colorado marketing operations sold in August 2003, completing all FTC-mandated dispositions. No headcount associated with these sales is disclosed in the filing. | ||||
| 2003-06-30 | restructuring | in_progress | 3,800 | 2002-09-01 | 2004-03-31 | Worldwide | Corporate and Other | USD 225 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Approximately 3,800 positions identified for elimination since September 2002. 2,325 employees terminated by June 30, 2003. $225 million additional accruals recorded in first six months of 2003 for severance, site closings, relocation, and pension benefits. Expected completion by end of Q1 2004. | |
| 2003-06-30 | restructuring | in_progress | 3,800 | 2002-09-01 | 2004-03-31 | Worldwide | Corporate and Other | USD 225 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program initiated in Sept 2002 to capture merger benefits. 3,800 positions identified for elimination; 2,325 terminated by June 30, 2003. $225M additional accruals in first six months of 2003 for severance, site closings, and relocation. | |
| 2003-03-31 | restructuring | in_progress | 3,100 | 2002-09 | 2004-02 | Worldwide (majority United States) | Company-wide merger integration (Conoco/Phillips) | USD 770 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-merger program to capture Conoco/Phillips synergies. Approximately 3,100 positions identified for elimination; 1,925 employees terminated by 2003-03-31, including about 1,150 during Q1 2003. Of the $770M accrued in 2002, $598M primarily related to severance benefits. Q1 2003 accruals totaled $46M (incl. $44M treated as purchase price adjustment); $168M of benefit payments made in Q1 2003; severance accrual balance $246M at 2003-03-31 (of which $23M classified long-term). | |
| 2003-03-31 | restructuring | in_progress | 1,150 | 2002-09-01 | 2004-02-29 | Worldwide | Corporate and Other | USD 46 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Approximately 1,150 employees terminated in Q1 2003 as part of merger-related restructuring program initiated in September 2002. Total accruals of $46 million recorded in Q1 2003 for severance, site closings, relocation, and pension benefits. Program expected to complete by end of February 2004. | |
| 2003-03-31 | restructuring | in_progress | 1,150 | Worldwide | Corporate and Other | USD 46 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approximately 1,150 employees terminated in Q1 2003 as part of merger synergy program. Total accruals of $46 million recorded for severance, site closings, relocation, and pension benefits. Cumulative terminations since program start: 1,925. | |||
| 2002-12-31 | restructuring | in_progress | 2,900 | 2002-09-01 | 2004-02-29 | Worldwide (primarily United States) | Multiple segments | USD 770 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cumulative positions identified for elimination through 2002-12-31; 775 employees terminated by year-end; program expected complete by end of February 2004 | |
| 2002-12-31 | restructuring | in_progress | 775 | 2002-09-01 | 2004-02-29 | Worldwide (primarily United States) | Multiple segments | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Employees actually terminated by 2002-12-31 out of 2,900 positions identified; $223M in benefit payments made during 2002 leaving $375M year-end severance accrual | ||
| 2002-12-31 | divestiture_reduction | in_progress | 2002-12-01 | 2003-12-31 | United States | Refining and Marketing (retail) | USD 1,412 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plan to sell 3,200 retail sites and Circle K subsidiary; $1,412M pre-tax charge ($1,008M after-tax) for impairments and lease loss provisions; headcount not disclosed | ||
| 2002-12-31 | divestiture_reduction | in_progress | 2002-08-30 | 2003-12-31 | United States | Refining and Marketing / Midstream | USD 113 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FTC-mandated divestitures as condition of Conoco-Phillips merger (Woods Cross refinery, Commerce City refinery, Colorado marketing, midstream assets); $113M pre-tax impairment ($69M after-tax) on Phillips assets; headcount not disclosed | ||
| 2002-12-31 | acquisition_addition | completed | 2002-08-30 | 2002-08-30 | Worldwide | All segments | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Conoco-Phillips merger completed 2002-08-30; headcount added through acquisition not separately disclosed | |||
| 2002-12-31 | acquisition_addition | completed | 2001-09-14 | 2001-09-14 | United States, Ireland | Refining and Marketing | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Tosco acquisition closed 2001-09-14; included in 2002 full-year results; headcount added not disclosed | |||
| 2002-12-31 | restructuring | in_progress | 2,900 | 2002-09-01 | 2004-02-29 | Worldwide | Corporate and Other | USD 770 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Merger-related restructuring program to capture synergies. Approximately 2,900 positions identified for elimination; 775 employees terminated by year-end. Total accrual of $770 million for severance and related benefits. | |
| 2002-09-30 | restructuring | in_progress | 2,400 | 2002-09-01 | 2004-02-28 | Worldwide (most in United States) | Enterprise-wide | USD 608 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger-related restructuring to capture Conoco/Phillips synergies. $608M total accrual includes $273M for Conoco (in purchase price allocation) and $335M for Phillips (charged to SG&A and production/operating expenses). Program expected to complete by end of February 2004. | |
| 2002-09-30 | acquisition_addition | completed | 2002-08-30 | Worldwide | Enterprise-wide | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Conoco and Phillips merged on August 30, 2002. No specific headcount addition disclosed. Conoco had operations in over 40 countries with approximately 7,900 retail outlets. | ||||
| 2002-09-30 | divestiture_reduction | in_progress | United States (Utah, Colorado, Idaho, Wyoming, Montana, Washington, Missouri, Illinois, New Mexico, Texas) | Refining, Marketing, Midstream | USD 113 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | FTC-mandated divestitures as condition of Conoco-Phillips merger. Includes Woods Cross and Commerce City refineries, marketing operations, terminals, and midstream assets. $113M pre-tax impairment recorded. No headcount disclosed. None of these assets had been sold as of filing date. | ||||
| 2002-09-30 | restructuring | in_progress | 2,400 | 2002-09-01 | 2004-02-29 | Worldwide | Corporate and Other | USD 608 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML | Approximately 2,400 positions identified for elimination to capture synergies from Conoco-Phillips merger. $608 million accrued for termination payments and benefits ($273 million related to Conoco purchase price allocation; $335 million related to Phillips charged to expenses). | |
| 2002-09-30 | restructuring | in_progress | 2,400 | 2002-09-30 | 2004-02-29 | Worldwide | Corporate and Other | USD 608 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Merger-related restructuring program to capture synergies by eliminating redundancies. Includes $273M related to Conoco (purchase price allocation) and $335M related to Phillips (charged to SG&A and production/operating expenses). Most positions are in the United States. |