3Q15 Highlights Operational Financial Strategic 4% year-over-year 466MM adjusted loss; Increased quarterly 1 production growth (0.38) adjusted EPS dividend to 0.74 per share in July Achieved first oil at 1.3B CFO2; 2.4B ending…
3Q15 Performance Adjusted Earnings Highlights Strong operational performance; year-over-year production growth of 4% Adjusted 18% year-over-year lower operating costs, adjusted for rig 1,611 termination, restructuring and pension…
3Q15 Production From Continuing Operations 4% PRODUCTION GROWTH 56 25 Liquids 33 APLNG Gas 25 Other Gas (2) 1,554 1,473 Total 56 3Q14 Downtime & Dispositions Net Growth 3Q15 All volumes in MBOED. 1 Excludes Libya…
3Q15 YTD Performance Company Cash Flow B 3Q15 YTD Marker Prices 2.4 Brent 55.39/BBL WTI 50.92/BBL 5.8 0.6 Henry Hub 2.80/MMBTU 3Q15 0.6 Debt of 24.9B Debt-to-capital ratio of 36% 7.9 5.1 2.7 0.3 2.4 2015 Beginning CFO…
Matt Fox EVP, Exploration & Production
Lower 48 and Canada Lower 48 Surmont Surmont Surmont 3Q15 production of 551 MBOED; crude oil increased 12% vs. 3Q14 Running 13 rig program Achieving 20% to 30% drilling and completion efficiency improvement vs. 3Q14 Currently…
Alaska and Europe Alaska 3Q15 production of 160 MBOED Completed successful turnarounds at Kuparuk and Prudhoe Achieved first oil at CD5 and Drill Site 2S in October Exported 3 LNG cargos from Kenai Europe 3Q15 production of…
Asia Pacific & Middle East and Other International Asia Pacific & Middle East 3Q15 production of 332 MBOED; increased 10% vs. 3Q14 Gumusut turnaround successfully completed ahead of schedule APLNG first cargo expected by year end…
Lower Capital, Lower Costs, Strong Performance 7 4Q15 production range of 1,585 1,625 MBOED MAJOR PROJECT STARTUPS EXPECTED IN 2015 Full-year 2015 production range of 1,585 1,595 MBOED 2014 Actuals Initial 2015 July 2015 Current…
Appendix
Impacts of Special Items MM 3Q15 3Q15 YTD Gain on dispositions - 39 Production and operating expenses 120 186 Selling, general and administrative expenses 185 285 Exploration expenses 742 958 Depreciation, depletion and…