First-Quarter 2010 Highlights Achieved Record Quarterly Sales Volumes Reduced Lease Operating Expense Drilled Four Successful High-Impact Deepwater Wells Closed 1.5 Billion Marcellus Joint-Venture Agreement Further Strengthened…
Strong Performance Achieved Record Sales Volumes 62 MMBOE in 1Q10 vs. 54 MMBOE in 1Q09 Includes 1.9 MMBOE related to royalty price thresholds 35% increase in total liquids production vs. 1Q09 Reduced LOE per BOE by 32%…
North American Shales Transitioning to Development Marcellus (750,000 Gross Acres) Closed 1.5 Billion Joint-Venture Agreement with Mitsui Increased Gross Production 120 MMcf/d currently from 30 Wells vs. 40 MMcf/d at YE09 80 wells…
Advancing Sanctioned Mega Projects Jubilee (Ghana) El Merk (Algeria) FPSO Expected to Arrive in May Drilled 50% of 140 Planned Completions Under Way Development Wells Subsea Infrastructure Progressing Caesar/Tonga (GOM) Three of…
Deepwater Drilling Update Announced Four Successful Deepwater Wells Appraisal Wells Exploration Wells Lucius Sidetrack (GOM) Windjammer (Mozambique) Vito (GOM) Tweneboa2 (Ghana) Advancing Wahoo with Successful DST Capable of…
Financial Results Continuing Operations Millions Net Income (Loss) from Continuing Operations Attributable to Common Stockholders Cash Flow** 1,530 716 732 412 (338) (242) 1Q10 1Q09 1Q10 1Q09 1Q10 1Q09 Reported Reported…
Strengthening Financial Flexibility Refinanced Maturing Debt Retired a Total of 1 Billion, 920 Million of Which Was Scheduled to Mature in 2011 Protected 55% of Anticipated 2011 Oil Production Middle-Floor Average: 80 per Barrel…
Extending Success Maximizing Liquids Production Improving Operating Costs Increasing Full-Year Sales Volumes Guidance Maintaining Schedules for Sanctioned Mega Projects Advancing Emerging Mega Projects Reaffirming Exploration…
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