ConocoPhillips Board Increases Quarterly Dividend by 16 Percent

The board of directors of ConocoPhillips (NYSE: COP) has declared a quarterly dividend of 36 cents per share. The dividend is payable March 1, 2006, to stockholders of record at the close of business Feb. 21, 2006. This represents a 16 percent increase in the dividend rate for the company's common stock over the previous quarter's rate of 31 cents per share.

ConocoPhillips is an integrated petroleum company with interests around the world.