8 unchanged sentences
The Commercial organization manages our commercial marketing, optimizes our commodity flows and positions, and monitors risks.
−Removed: The Executive Vice President and Chief Financial Officer, who reports to the Chief Executive Officer, monitors commodity price risk and risks resulting from foreign currency exchange rates and interest rates.
+Added: The Chief Financial Officer and Executive Vice President, Strategy and Commercial, who reports to the Chief Executive Officer, monitors commodity price risk and risks resulting from foreign currency exchange rates and interest rates.
Commodity Price Risk
38 unchanged sentences
Fair value $ 22,714 $ 283
−Removed: ConocoPhillips 2024 10-K
Foreign Currency Exchange Risk
5 unchanged sentences
Since the gain or loss on the exchange contracts is offset by the gain or loss from remeasuring cash related balances, and since our aggregate position in the forwards was not material, there would be no material impact to our income from an adverse hypothetical 10 percent change in the December 2025 or December 2024 exchange rates.
−Removed: The gross notional and fair value of these positions at December 31, 2024 and 2023, were as follows:
−Removed: Foreign Currency Exchange Derivatives In Millions
−Removed: Notional Fair Value*
−Removed: 2024 2023 2024 2023
−Removed: Buy Canadian dollar, sell U.S.
−Removed: dollar CAD 10 5 — —
−Removed: Sell British pound, buy Euro GBP 13 52 — (2)
−Removed: Buy British pound, sell Euro GBP 17 58 — —
−Removed: *Denominated in USD.
+Added: The gross notional and fair value of these positions at December 31, 2025 and 2024, were immaterial.
ConocoPhillips 2025 10-K
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.