ConocoPhillips Reports Production Down

ConocoPhillips gave an interim update to the first quarter of 2008. Highlights to the first quarter versus the fourth quarter of 2007 include worldwide production of approximately 1.8 million BOE per day.

First-quarter production on a barrel-of-oil equivalent (BOE) per day basis, including Syncrude and excluding LUKOIL, is anticipated to be slightly below 1.8 million BOE per day. The reduction from the prior quarter is primarily due to the unplanned shutdown of a non-operated natural gas processing plant in the San Juan Basin of the U.S. Lower 48, further complicated by cold weather in the region.