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Supplementary Information - Condensed Consolidating Financial Information
12 Months Ended
Dec. 31, 2019
Supplementary Information - Condensed Consolidating Financial Information [Abstract]  
Supplementary Information - Condensed Consolidating Financial Information
Supplementary Information—Condensed Consolidating
 
Financial Information
 
We have various cross guarantees among ConocoPhillips, ConocoPhillips Company
 
and Burlington Resources
LLC, with respect to publicly held debt securities.
 
ConocoPhillips Company is 100 percent owned
 
by
ConocoPhillips.
 
Burlington Resources LLC is 100 percent
 
owned by ConocoPhillips Company.
 
ConocoPhillips and/or ConocoPhillips Company
 
have fully and unconditionally guaranteed
 
the payment
obligations of Burlington Resources LLC, with respect
 
to its publicly held debt securities.
 
Similarly,
ConocoPhillips has fully and unconditionally
 
guaranteed the payment obligations of ConocoPhillips
 
Company
with respect to its publicly held debt securities.
 
In addition, ConocoPhillips Company
 
has fully and
unconditionally guaranteed the payment obligations
 
of ConocoPhillips with respect to its publicly
 
held debt
securities.
 
All guarantees are joint and several.
 
The following condensed consolidating financial
 
information
presents the results of operations, financial position
 
and cash flows for:
 
 
ConocoPhillips, ConocoPhillips Company and
 
Burlington Resources LLC (in each case, reflecting
investments in subsidiaries utilizing the equity
 
method of accounting).
 
All other nonguarantor subsidiaries of ConocoPhillips.
 
The consolidating adjustments necessary to present
 
ConocoPhillips’ results on a consolidated
 
basis.
 
In 2017, ConocoPhillips Company received a $
9.8
billion return of capital and a $
1.4
 
billion loan repayment
from nonguarantor subsidiaries to settle certain
 
accumulated intercompany balances.
 
These transactions had
no impact on our consolidated financial statements.
 
In 2017, ConocoPhillips received a $
7.8
 
billion return of capital and a $
0.2
 
billion return of earnings from
ConocoPhillips Company to settle certain
 
accumulated intercompany balances.
 
These transactions had no
impact on our consolidated financial statements.
 
In 2018, ConocoPhillips Company received a $
4.8
 
billion return of earnings and a $
2.4
 
billion loan repayment
from nonguarantor subsidiaries to settle certain
 
accumulated intercompany balances.
 
These transactions had
no impact on our consolidated financial statements.
 
 
In 2018, ConocoPhillips received a $
3.5
 
billion return of capital and a $
1.0
 
billion return of earnings from
ConocoPhillips Company to settle certain
 
accumulated intercompany balances.
 
These transactions had no
impact on our consolidated financial statements.
 
In 2019, ConocoPhillips received a $
2.4
 
billion return of capital and a $
1.7
 
billion return of earnings from
ConocoPhillips Company to settle certain
 
accumulated intercompany balances.
 
This transaction had no impact
on our consolidated financial statements.
 
 
In 2019, ConocoPhillips Company received a $
4.5
 
billion return of earnings and a $
4.2
 
billion return of capital
from nonguarantor subsidiaries to settle certain
 
accumulated intercompany balances.
 
These transactions had
no impact on our consolidated financial statements.
 
In 2019, Burlington Resources LLC received
 
a $
3.2
 
billion return of earnings from nonguarantor
 
subsidiaries
to settle certain accumulated intercompany balances.
 
These transactions had no impact on our consolidated
financial statements.
 
This condensed consolidating financial information
 
should be read in conjunction with the accompanying
consolidated financial statements and notes.
 
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