Below are some of the highlights of the group benefit plans available to most full-time, U.S-dollar paid employees at ConocoPhillips. This is not intended to be a summary plan description or official plan document. Please see official plan documentation for complete details on our current benefit offerings.
Regular base pay (including overtime for non-exempt and hourly jobs).
Annual cash bonus based upon company, business and individual performance.
Eligibility for Restricted Stock Units at certain grade levels.
Annual salary adjustment opportunities.
Health & Wellness
Coverage assists with health necessities from wellness to catastrophic events.
Options include two High-Deductible Health Plan options (HDHP Base & HDHP) and a Primary Preferred Provider Organization (PPO).
All medical options include a prescription drug benefit.
Provides preventive care and more comprehensive coverage like major dental and orthodontic procedures.
Pays for non-work related disabilities for up to 52 weeks at either 100% or 60% of pay (dependent on years of service).
Basic benefit option provides 50% of your pay.
Enhanced benefit option provides 60% of your pay.
ConocoPhillips provides basic life insurance equal to your annual pay.
Optional supplemental term life insurance is available up to 8 times your annual pay.
Dependent term life insurance is available in two options (high and low).
Occupational Accidental Death Coverage
ConocoPhillips provides $500,000 in coverage.
Accidental Death and Dismemberment (AD&D)
Optional coverage available for employee, spouse and children.
ConocoPhillips contributes 6%, 7% or 9% of eligible pay based on age and years of service to the Cash Balance Account which is a type of pension plan.
Employees are automatically enrolled and 100% vested after 3 years of vesting service.
Employees must contribute at least 1% of eligible pay each pay period to receive a 6% company match with a potential 0%-6% additional company discretionary contribution, which will be based on factors such as company performance and market conditions.
Plan participants are immediately 100% vested in all contributions.
Paid Time Off for vacation, holidays and family illness.
Health Savings Account (HSA).
Health Care Flexible Spending Account (HCFSA).
Dependent Day Care Flexible Spending Account (DCFSA).