JEFFERIES ENERGY CONFERENCE NOVEMBER 12, 2015 ROGER JENKINS PRESIDENT & CHIEF EXECUTIVE OFFICER MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 1
Agenda Company Highlights Strong Financial Position Adding Balance with NA Onshore Project Update Takeaways MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 3
2015 Highlights Financial Well-Positioned Maintained CAPEX 2.3 BN BALANCE SHEET FLEXIBILITY Reduced LOE /boe by 19% Y-O-Y; Reduced G&A by 12% Y-O-Y CAPITAL DISCIPLINE Hedged 20,000 bopd WTI 52.01 for FY 16 Subsequent to 3Q…
Continued Shareholder Focus Regular Dividends* (/share) 1.60 1.40 1.20 1.40 Committed to the Dividend 1.00 12% CAGR Last 10 Years 0.80 Current Dividend 1.40/share Annualized 0.60 0.40 5.0% Yield at Current Share Price 0.20 0.00 2004…
Strong Balance Sheet Provides Financial Advantage 3Q 15 Net Debt / Adj. EBITDA (Trailing 12-months) 4x Maintained Investment Grade BBB Bond Rating 3x Over 1.0 BN Available Under Current Bank Revolver Average = 2.1x Over 1.2 BN of…
Ongoing Cost Reductions Lease Operating Expense* /boe 15 14.61 13 Focusing on Cost Reductions Reduced LOE by 23% Q-O-Q 11 11.04 Reduced G&A by 12% Y-O-Y 10.53 Reduced EFS LOE to Just Over 8/boe - 9.65 9 2 Reduction from 2Q…
NORTH AMERICA ONSHORE MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 8
Onshore Canada Montney 9 New Wells Online New Completions Adding Upside with EURs 8-11 BCF Future Growth of 1000+ Potential Locations Hedges 2015: 65 MMCFD C 4.13/MCF (AECO) 2016: 59 MMCFD C 3.19/MCF (AECO) Analyzing Midstream…
Onshore Eagle Ford Shale Running Room 683 Operated Wells Drilled to Date Remaining Resource Potential 800+ MMboe 2,055 per Acre: Early Entrant Price Advantaged Near GOM 45 API Gravity; Oil-Weighted 77% Oil Hedges 4Q 15: 15,000…
EFS Maximizing Value per Acre 700 EUR, Mboe 600 +21% +164% Continuous Well Performance 500 +7% Improvement 400 Drilling Tighter Spacing & Longer Laterals 300 569 555 leading to EUR Improvement 471 437 469 200 Increasing Sand…
EFS Austin Chalk Appraisal in Karnes Stacked Pay Potential Over EFS JOG Unit A 1H on Production at 1,500 boepd Drilled, Cored & Logged Pilot Preliminary Net Resource & Locations 30 MMboe 115 Locations Estimated per Well EUR: 450…
GLOBAL OFFSHORE MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 13
Offshore Malaysia Sarawak SK Gas Record Avg Daily Gross Production 291 MMcfd SK-314A Successfully Drilled Merapuh-5 and Marakas Wells Kakap-Gumusut Malaysia Completed Planned Outage 3 Weeks Ahead of Schedule Production…
Offshore Vietnam Su Tu Den Blk. Ruby / Topaz Blk. 400 MMBOE 130 MMBOE Lac Da Vang Blk. 15-1/05 Rang Dong Blk. 260 MMBOE Cuu Long Basin Thailand Laos 144 Bach Ho / Rong Blk. Signed Farm-in Agreement Te Giac 145Trang Blk.…
2015 Drilling Program 2015 Area Block Q3 Q4 Solomon Thunder Bird Sidetrack GULF OF MEXICO Dalmatian South 2 MALAYSIA SK-314A Merapuh 5 Marakas SK 2C Paus Kelasa Block H Permai Senyum Keratau SW BRUNEI CA-2 VIETNAM…