United States benefits

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.

Compensation

• 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

Medical Insurance

• Coverage assists with health necessities from wellness to catastrophic events.
• Options include two High-Deductible Health Plan options (HDHP Base & HDHP).
• Medical options include a prescription drug benefit.

Dental Insurance

• Provides preventive care and more comprehensive coverage like major dental and orthodontic procedures.

Insurance plans

Short-Term Disability

• Pays for non-work related disabilities for up to 26 weeks at either 100% or 60% of pay (dependent on years of service).

Long-Term Disability

• Optional coverage.
• Basic benefit option provides 50% of your pay.
• Enhanced benefit option provides 60% of your pay.

Life Insurance

• 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.

Financial benefits

Savings Plan

• 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. Participants are always 100% vested in their contributions, the company match and the discretionary contributions.
• In addition, employees are also eligible for a Company Retirement Contribution (CRC) of 6% of eligible pay each pay period. The CRC does not require any employee contributions.  After three years of service, participants are 100% vested in the CRC.

Additional Programs

• Paid Time Off for vacation, holidays and family illness.
• Health Savings Account (HSA).
• Health Care Flexible Spending Account (HCFSA).
• Dependent Care Flexible Spending Account (DCFSA).
• U.S. employees have access to our Houston Onsite Clinic.