Your ConocoPhillips Savings Plan administration services ...

Your ConocoPhillips Savings Plan administration services are moving from Vanguard to Fidelity Investments? effective Jan. 2, 2020.

Important notice concerning your rights under the ConocoPhillips Savings Plan (the "Plan"): This is to inform you that the Plan will be entering a blackout period as a result of the change from Vanguard to Fidelity Investments. During the blackout period, you will be unable to direct or diversify investments in your individual account, obtain a loan, distribute or withdraw from the Plan, or check your Plan account balance.

What do I need to do?

UNDERSTAND KEY DATES

There will be a blackout period--a period of time when you will be unable to access or transact in your Plan account. To help you plan ahead, see the Key dates section below.

REVIEW THE TRANSFER PROCESS

Your assets will move from Vanguard to Fidelity using the same investment options and balances as of Dec. 31, 2019. The investment options in the Plan will not change as a result of this transition. For details, see the How will my money transfer? section on page 2.

VERIFY YOUR BENEFICIARY DESIGNATIONS

If you have designated beneficiary information online at Vanguard, we will transfer your information to Fidelity. After the blackout period ends, please verify your beneficiary information and make any changes as needed.

Key dates*

A move like this takes time. We'll be transferring your account balance, contribution rate, investment elections, and any loans you may have. There will be a blackout period when you will not be able to make changes to your account while it's being transferred to Fidelity. Review the dates below and refer to page 7 for detailed information about the blackout period.

BLACKOUT PERIOD BEGINS

ASSET TRANSFER

BLACKOUT PERIOD ENDS

Dec. 26, 2019 at 3 p.m. Central time

Dec. 31, 2019 at 3 p.m. Jan. 2, 2020 Central time

You have until 3 p.m. Central time to take the following actions in your Vanguard account:

o Request a transfer between investment options;

Your account balance will be valued by Vanguard at 3 p.m. Central time.

Your account balance is scheduled to transfer to Fidelity. See the How will my money transfer? section on page 2.

o Request a loan or distribution;

o Check your account balance; or

o Make changes to your contribution rate.

Contact Vanguard to make any changes to your account before the blackout period begins. o retirementplans o 800-523-1188

Week of Jan. 12, 2020

You will be notified of the time when you will have full access to your Fidelity account this week. Fidelity needs time to reconcile and audit final participant files received from Vanguard before the blackout period can end.

Once the blackout period ends, you may manage your account online through Fidelity NetBenefits? at or by calling Fidelity at 833-637-4015.

*The timing of the blackout period described within this brochure depends on a variety of factors, which may include the timing and accuracy of the transfer of data, receipt of instructions, and receipt of assets. Changes in any of these factors may result in changes to the timing of the delivery of services, the blackout period, and/or the dates on which, and thus the prices at which, assets in your account are sold and/or reinvested if applicable.

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How will my money transfer?

The current investment options (listed below) will remain the same in the Plan at Fidelity. Any balances you have invested in these investment options at Vanguard as of Dec. 31, 2019 will transfer to the same investment options at Fidelity and remain invested in the market during the blackout period. Future contributions also will be invested in these investment options at Fidelity. No action is required unless you wish to change your current investment choices or contribution rates. Any changes must be made by Dec. 26, 2019 at 3 p.m. Central time or after the blackout period ends.

While we don't expect any changes to the asset transfer strategy and timeline described here, any changes during the blackout period could delay the transition to Fidelity and would be communicated to you.

Investment options are not changing

The Plan gives you a choice of investment options that allow you the flexibility to build your own strategy to meet your financial needs. The investment options available in the Plan will not change as part of the transition.

As always, it is important that you are familiar with the various investment options that are available in the Plan. Information regarding each investment option's risk, as well as its strategy and objective, can be found in the Investment Options Guide. As the Plan transitions, this may be a good time to consider the investment options available to you in the Plan.

For an explanation of your rights to direct investments, any Plan restrictions, and a description of the types of fees and expenses associated with your Plan account, refer to the Participant Disclosure Notice.

Before investing in any investment option, consider the investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information.

INVESTMENT OPTION All-in-One Investments Vanguard Target Retirement Income Trust Plus Vanguard Target Retirement 2015 Trust Plus Vanguard Target Retirement 2020 Trust Plus Vanguard Target Retirement 2025 Trust Plus Vanguard Target Retirement 2030 Trust Plus Vanguard Target Retirement 2035 Trust Plus Vanguard Target Retirement 2040 Trust Plus Vanguard Target Retirement 2045 Trust Plus Vanguard Target Retirement 2050 Trust Plus Vanguard Target Retirement 2055 Trust Plus Vanguard Target Retirement 2060 Trust Plus Vanguard Target Retirement 2065 Trust Plus

Core Investments Vanguard Small-Cap Index Fund Institutional Plus Shares

Vanguard Institutional 500 Index Trust Vanguard Institutional Total Bond Market Index Trust

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TICKER SYMBOL

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

VSCPX N/A N/A

INVESTMENT OPTION Vanguard Institutional Total International Stock Market Index Trust

Vanguard Treasury Money Market Fund Investor Shares* Vanguard Total International Bond Index Fund AdmiralTM Shares Vanguard Total Stock Market Index Fund Institutional Plus Shares

Stable Value Fund Supplemental Investments Vanguard Mid-Cap Index Fund Institutional Plus Shares PIMCO Total Return Fund Institutional Class Vanguard International Value Fund Investor Shares Vanguard International Growth Fund Admiral Shares Vanguard WindsorTM II Fund AdmiralTM Shares Vanguard PRIMECAP Fund Admiral Shares Vanguard Inflation-Protected Securities Fund Institutional Shares Single-Stock Investments1 ConocoPhillips Stock Fund ConocoPhillips Leveraged Stock Fund (Frozen) Phillips 66 Stock Fund (Frozen) Phillips 66 Leveraged Stock Fund (Frozen)

TICKER SYMBOL N/A

VUSXX VTABX VSMPX

N/A

VMCPX PTTRX VTRIX VWILX VWNAX VPMAX VIPIX

N/A N/A N/A N/A

A short-term redemption fee will not be charged as part of this transition.

Funds will continue to be frozen at Fidelity as they were at Vanguard. This means you will not be able to direct any future contributions or move money into these investment funds.

1See important information regarding the blackout period on page 7 and risks related to individual securities such as single-stock investment funds.

*You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund's sponsor, have no legal obligation to provide financial support to money market funds and you should not expect that the sponsor will provide financial support to the fund at any time.

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Information about the Plan default investment option

Vanguard Target Retirement Trusts Plus will continue to serve as the Plan's default investment option. This means that if you have not previously directed your contributions to an investment option, contributions will be invested in the Vanguard Target Retirement Trust Plus with the target retirement date closest to the year you will reach age 65. The target retirement date timeline and retirement age were selected by the ConocoPhillips Company Benefits Committee.

Target Date Trusts are an asset mix of stocks, bonds, and other investments that automatically becomes more conservative as the trust approaches its target retirement date and beyond. Principal invested is not guaranteed.

The guidelines in the table below show which Vanguard Target Retirement Trust Plus your contributions would be invested in if the Plan default investment option applies.

DATE OF BIRTH

Before 01/01/1948 01/01/1948 ? 12/31/1952 01/01/1953 ? 12/31/1957 01/01/1958 ? 12/31/1962 01/01/1963 ? 12/31/1967 01/01/1968 ? 12/31/1972 01/01/1973 ? 12/31/1977 01/01/1978 ? 12/31/1982 01/01/1983 ? 12/31/1987 01/01/1988 ? 12/31/1992 01/01/1993 ? 12/31/1997

01/01/1998 and later

FUND NAME

Vanguard Target Retirement Income Trust Plus Vanguard Target Retirement 2015 Trust Plus Vanguard Target Retirement 2020 Trust Plus Vanguard Target Retirement 2025 Trust Plus Vanguard Target Retirement 2030 Trust Plus Vanguard Target Retirement 2035 Trust Plus Vanguard Target Retirement 2040 Trust Plus Vanguard Target Retirement 2045 Trust Plus Vanguard Target Retirement 2050 Trust Plus Vanguard Target Retirement 2055 Trust Plus Vanguard Target Retirement 2060 Trust Plus Vanguard Target Retirement 2065 Trust Plus

Accessing your account information at Fidelity

Once the blackout period ends, you will have access to your Plan information via Fidelity NetBenefits? at and through Fidelity's representatives. You can also download the NetBenefits? app at go/NetBenefitsapp to access your account information.

When you call Fidelity or log on to NetBenefits? for the first time, you will need to set up a username and password. To do so, simply log on to , then select "Register as a new user" and follow the instructions.

If you have a username and password for other accounts at Fidelity, you can use that same information to access your Plan.

Keeping your account and personal information secure is our top priority. Fidelity has added an extra layer of security to the NetBenefits? website. This new feature will require your mobile phone number for text messages, and a regular phone number for voice calls, so Fidelity can contact you if you forget your password, to verify certain online account activity, or to investigate suspicious login attempts. In your Profile, under Personal & Contact Information, you can update your mobile phone number, regular phone number and other contact details. Keeping your profile up to date will allow you to access your account securely and helps us better protect your information.

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Other details about the ConocoPhillips Savings Plan

Company Match and

Discretionary Contributions1

(active eligible employees only)

When you contribute a minimum of 1% of your eligible pay each pay period, you will receive a 6% company match each pay period with a 0%-6% semi-annual company discretionary contribution.

The target for the company discretionary contribution is 3% for a 9% total company contribution.

Other Company Contributions

(active eligible employees only)

Roth 401(k)/After-Tax Contributions

(i) If you were hired (or rehired) on or after Jan. 1, 2019, or (ii) you were hired (or rehired) prior to Jan. 1, 2019 and you elected to discontinue your participation in the ConocoPhillips Cash Balance Account, the company will also make a company retirement contribution of 6% of eligible compensation each payroll period to the Plan.

In addition to being able to make pre-tax contributions to the Plan, active eligible employees can continue to make after-tax and Roth 401(k) contributions. The Roth 401(k) contribution option lets you contribute to the Plan on an after-tax basis and make potentially tax-free withdrawals in retirement.2

The Plan will be adding the Roth In-Plan Conversion feature, effective Jan. 1, 2020. This feature allows eligible vested Plan balances to be rolled over to a designated Roth account within the Plan, even if those amounts are not currently available for withdrawal. Making a Roth In-Plan Conversion will have immediate tax consequences; please consult with your personal tax advisor before making a conversion.

Beneficiary Designations

If you have designated beneficiary information on file at Vanguard, we will transfer your information to Fidelity. After the blackout period ends, please verify your beneficiary information and make any changes as needed.

With Fidelity's Online Beneficiaries Service, you can designate your beneficiaries, receive instant online confirmation, and check your beneficiary information virtually any time. Once the transition is complete, log on to NetBenefits or call Fidelity to view or designate your beneficiary information.

Loans

Any outstanding loan balances in the Plan at Vanguard will transfer to Fidelity. If you are currently an active participant in the Plan at Vanguard, you will continue to repay your loan(s) at Fidelity in the same manner as you have with Vanguard. The transition will not affect the terms or length of your loan(s).3

Bank Information

Any bank information you have stored at Vanguard will not transfer to Fidelity. You will need to reestablish your bank information at Fidelity before you can receive or send electronic payments. Once the transition is complete, log on to NetBenefits or call Fidelity to set up your bank information. Until you set up your bank information at Fidelity, all payments (including any applicable loan repayments) will be sent as a check. In order to keep any existing loan repayments that are not made from your paycheck current, you will want to set up your electronic payment information as soon as possible after the blackout period ends.

Your final account statement from Vanguard will be available in January 2020 and distributed based on your communication preference at Vanguard.

Account Statements

Your first quarterly statement from Fidelity will be available online in April 2020. Compare Fidelity's beginning individual account balances with your final Vanguard statement's ending individual account balances, and contact Fidelity with any questions.

Account statements will not be automatically mailed to your home; they will be available on NetBenefits at . To change your mail preferences and request that statements be mailed to your home address, call Fidelity at 833-637-4015 or log on to NetBenefits at . Select Profile, then Preferences.

1The Company reserves the right to amend or terminate the ConocoPhillips Savings Plan any time in its sole discretion.

2A distribution from a Roth 401(k) is tax-free and penalty-free, provided the five-year aging requirement has been satisfied and one of the following conditions is met: age 59?, disability, or death.

3Loan repayments received during the blackout period will be invested in the Vanguard Treasury Money Market Fund Investor Shares until the blackout period ends. At that time, loan repayments and any associated earnings will be posted to your account according to your investment elections on file with Fidelity. If you do not have any elections on file, your loan repayments and any associated earnings will be invested in a Vanguard Target Retirement Trust Plus based on your age.

Additional information, including FAQs, can be found on hr..

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