Savings News

CPSP can help you gain additional financial security by offering a systematic savings and investment program and to develop employee interest and commitment to the success of the company through ownership of ConocoPhillips stock.

• Generally, you are immediately eligible to enroll if you are an employee on the direct U.S. dollar payroll of a ConocoPhillips company that has adopted CPSP.
• The plan has a Stock Savings Feature (SSF) and a Thrift Feature. You may enroll in one or both features.
• In the Stock Savings Feature (SSF), you may contribute 1% of your eligible pay on a before-tax basis to be invested in ConocoPhillips stock. You will receive a semi-annual allocation of ConocoPhillips stock as of June 30 and Dec. 31 of each year based on your contributions to the Stock Savings Feature (SSF) during the preceding six-month allocation period. You can immediately diversify the ConocoPhillips stock into the other investment funds available under the plan whether the stock was purchased with your 1% SSF contributions or allocated to your account by the company.
• In the Thrift Feature, you may contribute up to 30% of eligible pay on a before-tax or after-tax basis or a combination. The company matches $1 for each $1 you contribute up to 1.25% of eligible pay. You have a choice of investment funds among which to invest your contributions and the company matching contributions.
• Additionally, you may make catch-up deposits beginning in the year you reach age 50; however, catch-up contributions are not eligible for employer matching contributions.
• Participants are immediately 100% vested in all amounts credited to their accounts in all funds.
• Participation is voluntary. For a financially secure retirement, you have a powerful ally in CPSP

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Each year, ConocoPhillips is required to make Summary Annual Reports available to its benefit plan participants and surviving beneficiaries with an interest in the plans.
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