ConocoPhillips Donates $1 Million to Oklahoma State University

ConocoPhillips Donates $1 Million to Oklahoma State University

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HOUSTON--(BUSINESS WIRE)--Apr 16, 2014--ConocoPhillips (NYSE: COP) today announced that the company has donated $1 million toward building a new home for Oklahoma State University’s Spears School of Business. In appreciation for this gift, OSU is naming the building’s social and collaborative area the ConocoPhillips Student Lounge.

ConocoPhillips announced a $1 million donation toward building a new home for Oklahoma State University's Spears School of Business. During an event in Bartlesville, Okla., Ken Seaman (pictured left holding check), ConocoPhillips' executive sponsor for OSU and a university alum, presented a check for $1 million to OSU's Dr. Ken Eastman (pictured right holding check), interim dean and associate professor of management, Spears School of Business. They are joined by some of the 440 ConocoPhillips employees who are OSU alumni. (Photo: Business Wire)

This contribution is in addition to ConocoPhillips’ ongoing annual support for scholarships, programs, faculty and facilities across the OSU system.

“Oklahoma State University is grateful for the continuing support of ConocoPhillips and its employees, including many OSU graduates,” OSU President Burns Hargis said. “ConocoPhillips is OSU’s largest corporate donor, giving nearly $40 million through the years along with hiring countless alumni. ConocoPhillips is an Oklahoma business pioneer and leader, so we are delighted and grateful the company is helping build the new home for our business school.”

The new building will serve as the eastern anchor of the university’s main quad. It will significantly increase the space for Spears School of Business’ 5,000 students and faculty members, becoming a magnet for attracting the region’s best minds to engage in dialogue about business, entrepreneurship, economics, law and policy issues.

The ConocoPhillips Student Lounge will be a gathering place for undergraduate and graduate students, providing a central and dynamic location for collaboration, studying and relaxation between classes. The space will be filled with natural light and include ample comfortable seating, computers, study tables and entertainment options to accommodate the needs and desires of today’s busy students. Students will also help in the design process to ensure it is the most inviting and visible space for their peers.

“Oklahoma State University continues to provide ConocoPhillips with top talent,” said Ken Seaman, ConocoPhillips’ executive sponsor for OSU and a university alum. “We’re proud to continue to support the university and the Spears School of Business through this investment.”

Seaman, an assistant controller with ConocoPhillips, presented the $1 million check to OSU’s Dr. Ken Eastman, interim dean and associate professor of management, Spears School of Business, during a special ceremony this morning on ConocoPhillips’ downtown campus in Bartlesville, Okla.

“We are proud of the relationship we have forged with ConocoPhillips and are humbled by this gift to our new business building,” says Eastman. “The Student Lounge is a perfect way to honor the many Spears School graduates that ConocoPhillips has hired over the years. We look forward to continuing our partnership with ConocoPhillips so that more of our students can build great careers there.”

For more information on the nationally acclaimed Spears School of Business and its progress on the state-of-the-art new facility, visit

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About ConocoPhillips

ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 27 countries, $54 billion in annual revenue, $118 billion of total assets, and approximately 18,400 employees as of Dec. 31, 2013. Production from continuing operations averaged 1,502 MBOED in 2013, and preliminary proved reserves were 8.9 billion BOE as of Dec. 31, 2013. For more information, go to .


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.

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CONTACT: ConocoPhillips

David Austin, 918-661-6553



SOURCE: ConocoPhillips

Copyright Business Wire 2014

PUB: 04/16/2014 03:30 PM/DISC: 04/16/2014 03:30 PM

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