ConocoPhillips Savings Plan

ConocoPhillips Savings Plan

Dated January 1, 2022

Welcome to your summary plan description (SPD) for the ConocoPhillips

Savings Plan (Plan)

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Features to help you

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Staying up to date

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Contact information

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Legal information

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Plan highlights

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Who is eligible

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How to enroll

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Contributions to the Plan

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Employee contributions

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Changing your contributions

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Company contributions

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Company matching and discretionary contributions

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Company retirement contributions

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Roth In-Plan Conversion

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Rollover contributions

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Military leaves of absence

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Vesting

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Break in Service

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Forfeitures of Company retirement contributions

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Annual IRS limits

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Before-tax and Roth 401(k) contribution limit

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Annual additions limit

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Annual compensation limit

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Nondiscrimination limits

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Investing your contributions

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Investment options

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Changing your investment allocation

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Current contributions

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Existing account balances

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Exchange rules

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Single stock fund transactions

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Understanding real-time trading

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Your Plan account

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Valuation of your account

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Account statements

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2022

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Plan loans

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Loan restrictions

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Loan amounts

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Source of loan proceeds

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Loan fees

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Loan interest rate

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Loan repayments

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Loan payoff

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Investment of your loan repayments

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Missed loan repayments

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Loan default

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Withdrawals from the Plan during employment

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Special rules for hardship withdrawals

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Special disaster relief

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Special rules for Heroes Earnings Assistance and Relief Tax Act (HEART Act) withdrawals

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Special rules for qualified reservist withdrawals

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Special rules for Money Purchase Pension Contribution

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Withdrawal payment options

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Timing of withdrawal requests

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Distributions from the Plan

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Distribution upon termination of employment

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Distributions upon death

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Required Minimum Distributions

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Distribution options

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Distribution payment

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Single sum payment (partial or full payout)

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Installments

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Money Purchase Pension Contributions

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Distribution process

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Timing of distribution requests

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Dividend pass-through election

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Naming your beneficiary

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Voting of ConocoPhillips Stock (proxy/tender offer)

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Voting eligibility

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Voting rules

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Who is eligible to vote

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Voting as a fiduciary

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How to vote

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Filing claims and appeals under the Plan

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Initial appeal process

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Final appeal process

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2022

Other information/ERISA

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Legal actions

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Transfers from and to other plans

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Recoupment of overpayments

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Plan expenses

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Your ERISA rights

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Receive information about the Plan and your benefits

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Prudent action by Plan fiduciaries

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Enforcing your rights

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Plan administration

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Benefits Committee

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Claims Administrator

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When the Plan is amended or terminated

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Assignment of account -- Qualified Domestic Relations Orders (QDROs)

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Qualified Domestic Relations Orders (QDROs) fees

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Payments to a minor or legally incompetent person

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Availability of Plan documents

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Lost participants and beneficiaries

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Appendix A: Special tax notice -- your rollover options

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General information about rollovers

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Special rules and options

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For more information

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Glossary

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2022

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