Alaska 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 adjustments 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) and a Primary Preferred Provider Organization (PPO).
  • All 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 52 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 Day Care Flexible Spending Account (DCFSA).

Benefits