COPConocoPhillips

1 paragraph in Risk Factors of the 10-K filed Feb 17, 2026 with nothing like it in the 10-K filed Feb 18, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.

Compared with the Risk Factors in the latest 10-K of the other 19 Energy companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.

Additionally, international climate initiatives, such as the United Nations Conference of the Parties summits, continue to shape the global response to climate change. These summits can lead to commitments from numerous countries to meet the objectives of agreements like the Paris Agreement, through adopting country level regulation to reduce greenhouse gas emissions.

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New in the latest 10-Q

15 paragraphs in the 10-Q filed Nov 5, 2026 with nothing like them in the 10-Q filed Aug 6, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.

Financial statements and notes

obligations. Some of these environmental obligations are mitigated by indemnifications made by others for our benefit, and some of the indemnifications are subject to dollar limits and time limits.

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Our equity method investee, APLNG, and certain of its subsidiaries are defendants in proceedings in the Supreme Court of Queensland, Australia, brought by Tri-Star entities (collectively, Tri-Star). In 2002, APLNG acquired interests in certain coal seam gas permits, permit applications and operating agreements from Tri-Star entities under a sale and purchase deed. Under the deed, the sellers retained a conditional reversionary interest in 45 percent of the assigned interests and a vendor royalty. If the contractual reversion trigger occurs, APLNG’s interest in the assigned interests would be reduced to 55 percent. Tri-Star alleges, among other things, that the reversion trigger occurred by November 1, 2008, or, alternatively, August 1, 2022, or September 1, 2023, and seeks declaratory relief, specific performance, damages, equitable compensation and additional royalty payments. APLNG disputes Tri-Star’s claims, has filed a counterclaim, and is defending the proceedings, which remain in the pre-trial phase.

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receivables September 30 December 31 September 30 December 31 September 30 December 31

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*Of the balance at September 30, 2026, $71 million is classified as short-ter m.

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For the three-month period ended September 30, 2026, we recognized a benefit of $ 101 million from the release of unrecognized tax benefits due to the expiration of applicable statutes of limitations in certain jurisdictions.

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In October 2026, we notified employees, partners and regulators that we are evaluating a potential sale of our Norway business and Teesside asset after receiving an unsolicited offer. This evaluation is consistent with our disciplined strategy to optimize and high-grade our portfolio. If we do not receive an offer that meets our expectations for value, we will retain the assets. Production from these assets was approximately five percent of total company production volumes in 2025.

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In November 2026, we declared an increase to our quarterly ordinary dividend from $0.84 per share to $0.93 per share, representing an 11 percent increase.

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• Raised quarterly ordinary dividend by 11% to $0.93 per share, consistent with top-quartile S&P 500 growth objective;

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• Advanced Willow critical path items with module fabrication scope over 75% complete; on track for first oil in early 2029;

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• Realized record Permian completion efficiency with 15% more pumping hours than prior year average;

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• Achieved first production ahead of schedule and under budget at Surmont Pad 104W-B in Canada;

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Production in the nine-month period decreased due to normal field decline, partly offset by improved base performance and new wells online.

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In August 2026, the Coyote expansion pad project in the Greater Kuparuk area achieved first production.

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In September 2026, we reached first production from Surmont Pad 104W-B in Canada.

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Item 6

10.1* Form of 2026 Retention Award Agreement, granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips.

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