CONOCOPHILLIPS — Director's Dealing 2011

Mar 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONOCOPHILLIPS (COP)
CIK: 0001163165
Period of Report: 2011-03-03

Reporting Person: Lance Ryan Michael (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-03	Common Stock	M	33400	$47.83	Acquired	38551.7997	Direct
2011-03-03	Common Stock	S	33400	$79.4196	Disposed	5151.7997	Direct
2011-03-03	Common Stock	M	30000	$45.47	Acquired	35151.7997	Direct
2011-03-03	Common Stock	S	30000	$79.4196	Disposed	5151.7997	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-03	Stock Options (rights to buy)	$47.83	M	33400	Disposed	2015-02-04	Common Stock (33400)	Direct
2011-03-03	Stock Options (rights to buy)	$45.47	M	30000	Disposed	2019-02-12	Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4574.3990	Indirect

Footnotes

F1: Includes units acquired through routine dividend transactions that are exempt under Rule 16a-11.

F2: The options became exercisable in three equal annual installments beginning on the first anniversary of the February 12, 2009 grant.

F3: The options became exercisable in three equal annual installments beginning on the first anniversary of the February 4, 2005 grant.