ConocoPhillips Letterhead] September 22, 2004
EXHIBIT 99.1
[ConocoPhillips Letterhead]
September 22, 2004
| ConocoPhillips Board of Directors |
| ConocoPhillips |
| 600 N. Dairy Ashford |
| Houston, Texas 77079 |
Dear Directors:
In accordance with my views of good corporate governance, which I know you share, it is my preference to serve as Chairman, Chief Executive Officer and President of ConocoPhillips effective October 1, 2004, without an employment agreement.
Consequently, I agree that the Employment Agreement dated November 18, 2001, between the company and me shall terminate as of October 1, 2004, with no further force or effect.
| Sincerely, |
| /s/ Xxxxx X. Xxxxx |
| Xxxxx X. Xxxxx |
| Acknowledged and Agreed |
| By: | /s/ Xxxxxxx X. Xxxxx | |
| Xxxxxxx X. Xxxxx, Senior Vice President and General Counsel | ||
| under authority of the Board of Directors | ||
| given September 22, 2004 |
