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Item 15. Exhibits, Financial Statement Schedules

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Item 15. Exhibits, Financial Statement Schedules

(a)1. Financial Statements and Supplementary Data

The financial statements and supplementary information listed in the Index to Financial Statements, which appears on page 66, are filed as part of this annual report.

  1. Financial Statement Schedules

All financial statement schedules are omitted because they are not required, not significant, not applicable or the information is shown in another schedule, the financial statements or the notes to consolidated financial statements.

  1. Exhibits

The exhibits listed in the Index to Exhibits, which appears on pages 154 through 157, are filed as part of this annual report.

153ConocoPhillips 2025 10-K
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ConocoPhillips

Index to Exhibits

Incorporated by Reference
Exhibit No.DescriptionExhibitFormFile No.
2.1Separation and Distribution Agreement Between ConocoPhillips and Phillips 66, dated April 26, 2012.2.18-K001-32395
2.2Agreement and Plan of Merger, dated as of May 28, 2024, by and among ConocoPhillips, Puma Merger Sub Corp, and Marathon Oil Corporation.2.18-K001-32395
3.1Amended and Restated Certificate of Incorporation of ConocoPhillips.3.110-Q001-32395
3.2Certificate of Designations of Series A Junior Participating Preferred Stock of ConocoPhillips.3.28-K000-49987
3.3Second Amended and Restated Bylaws, dated May 16, 2023.3.18-K001-32395
3.4Corrected Restated Certificate of Incorporation of ConocoPhillips Company, dated as of April 28, 2022.3.3S-4001-32395
3.5Bylaws of ConocoPhillips Company.3.5S-3001-32395
ConocoPhillips and its subsidiaries are parties to several debt instruments under which the total amount of securities authorized does not exceed 10 percent of the total assets of ConocoPhillips and its subsidiaries on a consolidated basis. Pursuant to paragraph 4(iii)(A) of Item 601(b) of Regulation S-K, ConocoPhillips agrees to furnish a copy of such instruments to the SEC upon request.
4.1Description of Securities of the Registrant.4.110-K001-32395
10.1Indemnification and Release Agreement between ConocoPhillips and Phillips 66, dated April 26, 2012.10.18-K001-32395
10.2Intellectual Property Assignment and License Agreement between ConocoPhillips and Phillips 66, dated April 26, 2012.10.28-K001-32395
10.3Tax Sharing Agreement between ConocoPhillips and Phillips 66, dated April 26, 2012.10.38-K001-32395
10.4Employee Matters Agreement between ConocoPhillips and Phillips 66, dated April 12, 2012.10.48-K001-32395
10.5.1Phillips Petroleum Company Grantor Trust Agreement, dated June 1, 1998.10.17.310-K001-32395
10.5.2First Amendment to the Trust Agreement under the Phillips Petroleum Company Grantor Trust Agreement, dated May 3, 1999.10.17.410-K001-32395
10.5.3Second Amendment to the Trust Agreement under the Phillips Petroleum Company Grantor Trust Agreement, dated January 15, 2002.10.17.510-K001-32395
10.5.4Third Amendment to the Trust Agreement under the Phillips Petroleum Company Grantor Trust Agreement, dated October 5, 2006.10.17.610-K001-32395
10.5.5Fourth Amendment to the Trust Agreement under the ConocoPhillips Company Grantor Trust Agreement, dated May 1, 2012.10.17.710-K001-32395
10.5.6Fifth Amendment to the Trust Agreement under the ConocoPhillips Company Grantor Trust Agreement, dated May 20, 2015.10.17.810-K001-32395
10.6.1Successor Trustee Agreement of the Deferred Compensation Trust Agreement for Non-Employee Directors of ConocoPhillips dated July 31, 2020.10.110-Q001-32395
10.6.2First Amendment to the Successor Trust Agreement of the Deferred Compensation Trust Agreement for Non-Employee Directors of ConocoPhillips, dated August 4, 2020.10.210-Q001-32395
10.7Omnibus Securities Plan of Phillips Petroleum Company.10.1910-K004-49987
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10.82002 Omnibus Securities Plan of Phillips Petroleum Company.10.2610-K000-49987
10.9.12004 Omnibus Stock and Performance Incentive Plan of ConocoPhillips.Schedule 14AProxy000-49987
10.9.2Form of Performance Share Unit Award Agreement under the Performance Share Program under the 2004 Omnibus Stock and Performance Incentive Plan of ConocoPhillips.10.2710-K001-32395
10.10Omnibus Amendments to certain ConocoPhillips employee benefit plans, adopted December 7, 2007.10.3010-K001-32395
10.112009 Omnibus Stock and Performance Incentive Plan of ConocoPhillips.Schedule 14AProxy001-32395
10.12.12011 Omnibus Stock and Performance Incentive Plan of ConocoPhillips.Schedule 14AProxy001-32395
10.12.2Form of Performance Share Unit Agreement under the Restricted Stock Program under the 2011 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 5, 2013.10.26.610-K001-32395
10.12.3Form of Key Employee Award Agreement, as part of the ConocoPhillips Stock Option Program granted under the 2011 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 18, 2014.10.110-Q001-32395
10.13.12014 Omnibus Stock and Performance Incentive Plan of ConocoPhillips.10.18-K001-32395
10.13.2Form of Key Employee Award Agreement, as part of the ConocoPhillips Stock Option Program granted under the 2014 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 16, 2016.10.26.1210-K001-32395
10.13.3Form of Performance Share Unit Award Terms and Conditions for Performance Period 18, as part of the ConocoPhillips Performance Share Program granted under the 2014 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 13, 2018.10.26.2410-K001-32395
10.13.4Form of Key Employee Award Terms and Conditions, as part of the ConocoPhillips Stock Option Program granted under the 2014 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 14, 2017.10.110-Q001-32395
10.13.5Form of Executive Restricted Stock Unit Award Terms and Conditions, as part of the ConocoPhillips Executive Restricted Stock Unit Program, granted under the 2014 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 11, 2020.10.110-Q001-32395
10.14.12023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips10.18-K001-32395
10.14.2Form of Performance Share Unit Award Terms and Conditions for Performance Period 24, as part of the ConocoPhillips Performance Share Program granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 13, 2024.10.110-Q001-32395
10.14.3Form of Executive Restricted Stock Unit Award Terms and Conditions, as part of the ConocoPhillips Executive Restricted Stock Unit Program, granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 13, 2024.10.210-Q001-32395
10.14.4Form of 2024 Retention Award Terms and Conditions, granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips.10.310-Q001-32395
10.14.5Form of 2024 Inducement Award Terms and Conditions, granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips.10.410-Q001-32395
10.14.6Form of Performance Share Unit Award Terms and Conditions for Performance Period 25, as part of the ConocoPhillips Performance Share Program granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 11, 2025.10.14.610-K001-32395
10.14.7Form of Executive Restricted Stock Unit Award Terms and Conditions, as part of the ConocoPhillips Executive Restricted Stock Unit Program, granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 11, 2025.10.14.710-K001-32395
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10.14.8Form of 2025 Cash Retention Award Terms and Conditions, granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips.10.110-Q001-32395
10.14.9Form of 2025 Retention Award Terms and Conditions, granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips.10.210-Q001-32395
10.14.10*Form of Executive Restricted Stock Unit Award Terms and Conditions, as part of the ConocoPhillips Executive Restricted Stock Unit Program, granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 10, 2026.
10.14.11*Form of Executive Restricted Stock Unit Award Terms and Conditions, as part of the ConocoPhillips Executive Restricted Stock Unit Program, granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 10, 2026.
10.14.12*Form of Performance Share Unit Award Terms and Conditions for Performance Period 26, as part of the ConocoPhillips Performance Share Program granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 10, 2026.
10.14.13*Form of Performance Share Unit Award Terms and Conditions for Performance Period 26, as part of the ConocoPhillips Performance Share Program granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 10, 2026.
10.14.14*Form of Performance Share Unit Award Terms and Conditions for Performance Period 26, as part of the ConocoPhillips Performance Share Program granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, dated February 10, 2026.
10.15Amended and Restated ConocoPhillips Key Employee Supplemental Retirement Plan, dated January 1, 2020.10.10.110-K001-32395
10.16.1Amended and Restated Defined Contribution Make-Up Plan of ConocoPhillips—Title I, dated January 1, 2020.10.11.110-K001-32395
10.16.2*Amended and Restated Defined Contribution Make-Up Plan of ConocoPhillips—Title II, dated January 1, 2026.
10.17Amended and Restated Company Retirement Contribution Make-Up Plan of ConocoPhillips, dated January 1, 2024.10.1710-K001-32395
10.18.1Amended and Restated Key Employee Deferred Compensation Plan of ConocoPhillips—Title I, dated January 1, 2020.10.19.110-K001-32395
10.18.2*Amended and Restated Key Employee Deferred Compensation Plan of ConocoPhillips—Title II, dated January 1, 2026.
10.19Amendment and Restatement of ConocoPhillips Key Employee Change in Control Severance Plan, effective December 2, 2021.10.20.110-K001-32395
10.20.1Form of Non-Employee Director Restricted Stock Units Terms and Conditions, as part of the Deferred Compensation Plan for Non-Employee Directors of ConocoPhillips, dated January 15, 2016.10.310-Q001-32395
10.20.2Form of Non-Employee Director Restricted Stock Units Terms and Conditions, granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips and subject to the Deferred Compensation Plan for Non-Employee Directors of ConocoPhillips, dated January 15, 2025.10.20.210-K001-32395
10.21.1Amendment and Restatement of Annex to Nonqualified Deferred Compensation Arrangements of ConocoPhillips dated April 19, 2012.10.810-Q001-32395
10.21.2First Amendment to Annex to Nonqualified Deferred Compensation Arrangements of ConocoPhillips dated December 20, 2019.10.2710-K001-32395
10.22Amendment and Restatement of ConocoPhillips Executive Severance Plan, dated December 2, 2021.10.4710-K001-32395
10.23Purchase and Sale Agreement, dated as of September 20, 2021, by and between Shell Enterprises LLC and ConocoPhillips.10.110-Q001-32395
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10.24Form of Aircraft Time Sharing Agreement by and between certain executives and ConocoPhillips dated June 21, 2021.10.210-Q001-32395
10.25Letter agreement with Timothy A. Leach, dated April 28, 2022.10.110-Q001-32395
10.25.1Letter Agreement with Timothy A. Leach completed November 4, 2025.10.110-Q001-32395
10.26Form of Aircraft Time Sharing Agreement by and between certain executives and ConocoPhillips dated November 14, 2023.10.2910-K001-32395
10.27Amended and Restated Deferred Compensation Plan for Non-Employee Directors of ConocoPhillips.10.210-Q001-32395
19*Insider Trading Policies of ConocoPhillips
21*List of Subsidiaries of ConocoPhillips.
22*Subsidiary Guarantors of Guaranteed Securities.
23.1*Consent of Ernst & Young LLP.
23.2*Consent of DeGolyer and MacNaughton.
31.1*Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934.
31.2*Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934.
32**Certifications pursuant to 18 U.S.C. Section 1350.
97ConocoPhillips Clawback Policy effective October 2, 2023.97.210-K001-32395
99*Report of DeGolyer and MacNaughton.
101.INS*Inline XBRL Instance Document.
101.SCH*Inline XBRL Schema Document.
101.CAL*Inline XBRL Calculation Linkbase Document.
101.DEF*Inline XBRL Definition Linkbase Document.
101.LAB*Inline XBRL Labels Linkbase Document.
101.PRE*Inline XBRL Presentation Linkbase Document.
104*Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

** Filed herewith.*

**Furnished herewith.

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Signature

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CONOCOPHILLIPS
February 17, 2026/s/ Ryan M. Lance
Ryan M. Lance Chairman of the Board of Directors and Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed, as of February 17, 2026, on behalf of the registrant by the following officers in the capacity indicated and by a majority of directors.

SignatureTitle
/s/ Ryan M. LanceChairman of the Board of Directors
Ryan M. Lanceand Chief Executive Officer
(Principal executive officer)
/s/ Andrew M. O’BrienChief Financial Officer and
Andrew M. O’BrienExecutive Vice President, Strategy and Commercial
(Principal financial officer)
/s/ Kontessa S. Haynes-WelshVice President, Finance and Controller
Kontessa S. Haynes-Welsh(Principal accounting officer)
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/s/ Dennis V. ArriolaDirector
Dennis V. Arriola
/s/ Nelda J. ConnorsDirector
Nelda J. Connors
/s/ Gay Huey EvansDirector
Gay Huey Evans
/s/ Jeffrey A. JoerresDirector
Jeffrey A. Joerres
/s/ Timothy A. LeachDirector
Timothy A. Leach
/s/ Kathleen A. McGintyDirector
Kathleen A. McGinty
/s/ William H. McRavenDirector
William H. McRaven
/s/ Sharmila MulliganDirector
Sharmila Mulligan
/s/ Arjun N. MurtiDirector
Arjun N. Murti
/s/ Robert A. NiblockDirector
Robert A. Niblock
/s/ David T. SeatonDirector
David T. Seaton
/s/ R.A. WalkerDirector
R.A. Walker
159ConocoPhillips 2025 10-K

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