CONOCOPHILLIPS SAVINGS PLAN

SUMMARY OF MATERIAL MODIFICATIONS TO THE CONOCOPHILLIPS SUMMARY PLAN DESCRIPTION

CONOCOPHILLIPS SAVINGS PLAN

This notice is required by law. No action is required by you, but you may wish to avail yourself of the new provisions.

This is a Summary of Material Modifications (SMM) for the ConocoPhillips Savings Plan (Plan) which is required by law. This document, when combined with the applicable Summary Plan Description (SPD), summarizes the official Plan provisions as in effect on various dates in the plan year 2020. The changes are effective on the specified dates. Please retain this SMM with the previously provided SPDs. Contact Fidelity for more information, to certify eligibility, and to see if any changes/extensions have been made to these provisions.

Change Change in trustee

Change in recordkeeper

Information Fidelity Management Trust Company became the trustee for the Savings Master Trust and the Stable Value Trust. The contact information for the new trustee is:

Effective Date January 1, 2020

Fidelity Management Trust Company 245 Summer Street Boston, MA 02210

Fidelity Workplace Services LLC became the recordkeeper for the Plan. The contact information for the new recordkeeper is:

January 1, 2020

Address:

Overnight:

Phone: Hours: Internet:

ConocoPhillips Retirement Center c/o Fidelity Investments P.O. Box 770003 Cincinnati, OH 45277-0069

ConocoPhillips Retirement Center c/o Fidelity Investments 100 Crosby Parkway Covington, KY 41015

(833) 637-4015

7:30 a.m. to 7:30 p.m. Central time, Monday through Friday



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Change Appeals timing expanded

CARES Act distributions

Information The timeline for filing appeals has been extended by excluding the "Outbreak Period" when calculating the timing for appeals. The Outbreak Period is the period from March 1, 2020 through the date sixty days after the declared end of the Coronavirus national emergency. If you have any questions about the appeals timing, please contact Fidelity at the information provided above or the Benefits Committee.

Effective Date April 28, 2020

The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) added a new withdrawal provision. The new provision is available only to a "qualified participant" who is an individual: (1) who is diagnosed with COVID-19, (2) whose spouse or dependent is diagnosed with COVID-19, or (3) who (or whose spouse or member of the household) experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, pay reduction, job offer rescinded or delayed, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19, or other factors as determined by the Treasury Secretary.

March 27, 2020 through

December 30, 2020

A qualified individual may take a CARES Act distribution of up to $100,000 and the distribution will not be subject to the 10% early withdrawal penalty or the 20% mandatory withholding. Income attributable to a CARES Act distribution is subject to tax over three years. Also, the qualified individual may repay the distribution within three years and recover taxes previously paid; a recontribution is not subject to annual contribution limits.

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Change CARES Act loan provisions

Waiver of Required Minimum Distributions (RMDs)

Information The CARES Act allows for an increased loan maximum of $100,000 for qualified individuals (as defined above).

A qualified individual may also delay current year loan repayments during 2020.

The CARES Act allows participants and beneficiaries to waive the required 2020 minimum distribution.

Effective Date March 27, 2020

through September 22, 2020

March 27, 2020 through

December 31, 2020

RMDs with respect to 2020

This brief description of changes to the Plan is meant to provide a summary of information about the Plan; however, the actual ConocoPhillips Savings Plan is the governing document. ConocoPhillips Company, the sponsor of the Plan, reserves the right to amend or terminate the Plan at any time, at its sole discretion. This document is not intended to modify our "at-will" employment arrangement.

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CONOCOPHILLIPS

SAVINGS PLAN

Effective January 1, 2019

Contact Information

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Legal Information

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Introduction

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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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Rollover Contributions

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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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Your Plan Account

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Valuation of Your Account

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Account Statements

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Plan Loans

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Number and Terms of Loans

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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 Payments

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Missed Loan Payments

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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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Withdrawal Payment Options

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Timing of Withdrawal Requests

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2019

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