ConocoPhillips Donates $1 Million to Oklahoma State University

  ConocoPhillips Donates $1 Million to Oklahoma State University

Gift creates student lounge in new home for Spears School of Business

Business Wire

HOUSTON -- April 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 Univers ...

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

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


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David Austin, 918-661-6553
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