Third-Quarter 2010 Highlights Delivered Sales Volumes at High End of Guidance Enhanced Net Risked Resource Potential in Shales Continued Exploration Success Strengthened Balance Sheet and Enhanced Liquidity THIRD QUARTER…
Strong Operational Performance Achieved Quarterly Sales Volumes of 58 MMBOE Liquids Volumes Comprised 41% of Total Sales Volumes Reduced LOE per BOE by 17% Year-to-Date vs. 2009 Achieved 10% Growth in the Rocky Mountain Region Set…
North American Shales Marcellus (750,000 Gross Acres) Net Risked Captured Resource Potential of 6 Tcf Realizing Consistent IPs of 7 MMcf/d Across Core Position Expecting to Nearly Double Takeaway Capacity by Year-End 2010…
Advancing Sanctioned Mega Projects Jubilee (Ghana) El Merk (Algeria) FPSO Being Commissioned Project is Nearly 55% Complete 90% of Subsea Work Completed Caesar/Tonga (GOM) Topsides Modifications Continue Advancing Subsea Work in…
Deepwater Gulf of Mexico Update During the Deepwater Moratorium, We: Progressed Subsea Architecture Work at Caesar/Tonga Continued Lucius and Vito Development Planning Completed Callisto Pipeline at Independence Hub Received…
International Exploration Success Announced Third Major Discovery Offshore Ghana Owo Discovery Well Encountered 174 Net Feet of High-Quality Oil Pay Sidetrack Encountered 115 Net Feet of Pay; Includes 52 Net Feet of High-Quality Oil…
Financial Results Millions Net Income (Loss) Attributable to Common Stockholders Cash Flow** 1,274 1,241 200 103 (26) (51) 3Q10 3Q09 3Q10 3Q09 3Q10 3Q09 Reported Reported Adjusted* Adjusted* (0.05) 0.40 0.21 (0.11) Per…
Balance Sheet and Liquidity Ended 3Q10 with 4.2 Billion of Cash on Hand Entered 5-Year 5 Billion Undrawn Secured Facility Replaced and Upsized Existing 1.3 Billion Revolver Maturing in 2013 Completed Offering of 2 Billion 6.375%…
Enhanced Guidance and Outlook Raising Sales Volumes Guidance New Full-Year Sales-Volumes Guidance: 233 - 236 MMBOE Reducing Full-Year Capital Guidance New Full-Year Capital Spending Guidance: 5.3 - 5.5 Billion On Target to…