CORRECTING and REPLACING ConocoPhillips Announces Quarterly Dividend

First graph, first sentence of release should read: ConocoPhillips
(NYSE: COP) today announced a quarterly dividend of 66 cents per share,
payable March 1, 2013, to stockholders of record at the close of
business on Feb. 19, 2013 (sted ConocoPhillips (NYSE: COP) today
announced a quarterly dividend of 66 cents per share, payable March 1,
2013, to stockholders of record at the close of business on Feb. 18,
2013).

The corrected release reads:

CONOCOPHILLIPS ANNOUNCES QUARTERLY DIVIDEND

ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 66
cents per share, payable March 1, 2013, to stockholders of record at the
close of business on Feb. 19, 2013.

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About ConocoPhillips

Headquartered in Houston, Texas, ConocoPhillips had operations and
activities in 30 countries, $58 billion in annual revenue, $117 billion
of assets, and approximately 16,900 employees as of Dec. 31, 2012.
Production from continuing operations averaged 1,527 MBOED in 2012, and
preliminary proved reserves were 8.6 billion BOE as of Dec. 31, 2012.
For more information, go to www.conocophillips.com.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE
'SAFE HARBOR' PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995

This news release contains forward-looking statements.
Forward-looking statements relate to future events and anticipated
results of operations, business strategies, and other aspects of our
operations or operating results. In many cases you can identify
forward-looking statements by terminology such as 'anticipate,'
'estimate,' 'believe,' 'continue,' 'could,' 'intend,' 'may,' 'plan,'
'potential,' 'predict,' 'should,' 'will,' 'expect,' 'objective,'
'projection,' 'forecast,' 'goal,' 'guidance,' 'outlook,' 'effort,'
'target' and other similar words. However, the absence of these words
does not mean that the statements are not forward-looking. Where, in any
forward-looking statement, the company expresses an expectation or
belief as to future results, such expectation or belief is expressed in
good faith and believed to have a reasonable basis. However, there can
be no assurance that such expectation or belief will result or be
achieved. The actual results of operations can and will be affected by a
variety of risks and other matters including, but not limited to,
changes in commodity prices; changes in expected levels of oil and gas
reserves or production; operating hazards, drilling risks, unsuccessful
exploratory activities; difficulties in developing new products and
manufacturing processes; unexpected cost increases; international
monetary conditions; potential liability for remedial actions under
existing or future environmental regulations; potential liability
resulting from pending or future litigation; limited access to capital
or significantly higher cost of capital related to illiquidity or
uncertainty in the domestic or international financial markets; and
general domestic and international economic and political conditions; as
well as changes in tax, environmental and other laws applicable to our
business. Other factors that could cause actual results to differ
materially from those described in the forward-looking statements
include other economic, business, competitive and/or regulatory factors
affecting our business generally as set forth in our filings with the
Securities and Exchange Commission. Unless legally required,
ConocoPhillips undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.

ConocoPhillips

Aftab Ahmed, 281-293-4138 (media)

aftab.ahmed@conocophillips.com

or

Vladimir
R. dela Cruz, 212-207-1996 (investors)

v.r.delacruz@conocophillips.com