ConocoPhillips reports the following actions concerning the Company's senior management. Unless otherwise noted, these changes are effective immediately.

John Carrig, currently Executive Vice President, Finance, and CFO, will become President and Chief Operating Officer. He will continue to report to Jim Mulva, Chairman and CEO.

Jim Gallogly, currently Executive Vice President, Refining, Marketing & Transportation, will become Executive Vice President, Exploration & Production.

Willie Chiang, currently Senior Vice President, Commercial, will become Senior Vice President, Refining, Marketing & Transportation.

Greg Goff, currently President, Strategy, Integration and Specialty Businesses for Refining, Marketing & Transportation, will become Senior Vice President, Commercial.

Ryan Lance will remain President, Exploration & Production – Europe, Asia, Africa and the Middle East.

Messrs. Gallogly, Chiang and Goff will report to Carrig, as will Gene Batchelder, Senior Vice President, Services, and Chief Information Officer; Luc Messier, Senior Vice President, Project Development; and Bob Ridge, Vice President, Health, Safety and Environment. Lance will report to Gallogly. All will serve on the Company's management committee.

Sig Cornelius, currently Senior Vice President, Planning, Strategy & Corporate Affairs (PS&CA), will become Senior Vice President, Finance, and CFO.

Jeff Sheets, currently Vice President and Treasurer, will become Senior Vice President, Planning & Strategy.

Red Cavaney, who will retire from his position as President and CEO of the American Petroleum Institute on Oct. 31, 2008, will become Senior Vice President, Government & Public Affairs in November 2008.

Fran Vallejo, currently General Manager, corporate planning and budgets, PS&CA, will become Vice President and Treasurer, Finance.

Messrs. Cornelius, Sheets and Cavaney will report to Mulva, as will Stephen Brand, Senior Vice President, Technology; Janet Langford Kelly, Senior Vice President, Legal, General Counsel and Corporate Secretary; and Carin Knickel, Vice President, Human Resources. All will serve on the Company’s management committee. Vallejo will report to Cornelius.

John Lowe, currently Executive Vice President, Exploration & Production, has expressed his desire to reduce the scope of his current activities in order to devote more time to his personal interests. Therefore, Lowe will now serve as assistant to the CEO. In this new role, Lowe will assist in the transition of his current duties, continue to represent the Company in many of its external relationships and provide assistance on special assignments. Lowe will continue to work full-time until Jan. 31, 2009. Thereafter, he will be employed by the Company on a part-time basis.

"John Lowe has made significant contributions to ConocoPhillips for more than 25 years," said Mulva. "Through his active leadership during the course of his career, and particularly in the last decade, he has played a major role in the planning, development and implementation of the strategy and major transactions of the Company. We look forward to his continued assistance in his new position."

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