Fourth-Quarter 2013 CONFERENCE CALL Ryan Lance, Chairman & CEO Jeff Sheets, EVP, Finance & CFO Matt Fox, EVP, Exploration & Production Jan. 30, 2014
2013 Highlights Operational Financial Strategic Met production 7.1 B adjusted Closed 2013 target for the year; earnings, 5.70 dispositions for achieved 179% adjusted EPS proceeds of 10.2 B organic RRR1 Growth from major 15.8 B…
4Q13 Performance Adjusted Earnings Highlights Weaker liquids pricing environment in the quarter; stronger North American gas realizations Adjusted Production volumes impacted by Earnings 1,755 1,821 1,738 Libya curtailment and…
2013 Annual Performance Adjusted Earnings Highlights FY13 adjusted earnings increased 5% vs. FY12 Adjusted 7,061 Margins growing with portfolio shift Earnings 6,734 (MM) Met production expectations for 2013; set for growth in…
4Q13 Production From Continuing Operations MBOED 10 43 189 36 1,566 1,513 193 1,473 4Q12 Dispositions Libya 4Q12 Downtime Decline Growth & Other 4Q13 Normalized for Dispositions & Libya 6
2013 Growth From Continuing Operations MBOED 207 26 13 16 1,527 177 1,488 1,502 2012 Dispositions Libya 2012 Downtime Decline Growth & Other 2013 Normalized for Dispositions & Libya 7
Growth In Higher-Margin Production 2013 vs. 2012 Production 1 (MBOED) Lower 48 Liquids 49 Growth comes from areas with higher margins than the company average Canada Liquids 21 APME Liquids 11 Significant growth in North…
2013 Performance Company Cash Flow B Year-end 2013 Debt of 21.7 B 10.2 Debt-to-capital ratio of 29% 15.8 16.3 3.3 2.8 1.5 6.5 4.4 2013 Beginning CFO Proceeds from Capital Program Dividends FCCL Debt 4Q13 Ending Cash &…
2013 Reserve Replacement Reserve Additions (MMBOE)1 Year-end reserves of 8.9 BBOE Organic reserve replacement ratio of 179% Other 150 Total reserve replacement ratio of 147%; asset sales reduced reserves by 188 MMBOE APME 190…
Alaska Nabors 7ES at Kuparuk Full-Year 2013 Highlights Successfully completed major turnarounds at Kuparuk and Prudhoe New rig added at Kuparuk Initiated additional development activity after passage of MAPA 4Q 2013…
Lower 48 and Latin America Bakken Full-Year 2013 Highlights Production up 7% year-over-year; 24% increase in crude oil Major growth in unconventional plays Continued to drill and test in Permian and Niobrara with encouraging…
Canada Surmont Full-Year 2013 Highlights Production up 1% year-over-year; 13% increase in liquids Strong performance at Christina Lake Construction over 60% complete at Surmont Phase 2 Progress on drilling programs 4Q 2013…
Europe Jasmine Full-Year 2013 Highlights Completed major turnarounds at Greater Ekofisk, J-Area and Clair Continued progress on additional major projects Awarded 4 licenses in the Barents Sea 4Q 2013 Highlights What to Watch…
Asia Pacific and Middle East APLNG at Curtis Island Full-Year 2013 Highlights Progress SNP and Gumusut toward startup Significant progress at APLNG reaching 60% project completion Proteus-1 gas discovery in Browse Basin 4Q…
2014: Set for Growth Operational Financial Strategic Continued ramp up Ongoing margin Focus on executing of unconventional improvement our current plan drilling programs Growth from major Focus on improving Positioning for…
Europe Production (MBOED) Realized Prices Liquids Gas Sales 4Q12 1Q13 2Q13 3Q13 4Q13 216 207 197 Crude 173 176 112 114 103 112 111 (/Bbl) Nat Gas 10.56 10.81 10.26 10.48 11.11 (/Mcf) 4Q12 1Q13 2Q13 3Q13 4Q13 Adjusted…
Asia Pacific and Middle East Production (MBOED) Realized Prices1 Liquids Gas Sales 322 318 324 317 4Q12 1Q13 2Q13 3Q13 4Q13 292 Crude 103 109 98 105 106 (/Bbl) Nat Gas 10.15 11.20 10.62 10.81 9.83 (/Mcf) 4Q12 1Q13 2Q13 3Q13…
Corporate and Other Guidance Adjusted Earnings (MM) Highlights 2013 Corporate & Other expense of 781MM (177) (173) (164) Lower licensing revenue in 4Q13 (203) (241) Lower capitalized interest in 4Q13 Expect 2014 to be at 4Q13…
4Q13 Performance Company Cash Flow B Year-end 2013 7.0 Debt of 21.7 B Debt-to-capital ratio of 29% 4.5 0.9 3.9 2.8 0.1 6.5 3.9 4Q13 CFO Proceeds from Capital Dividends FCCL Debt & Other 4Q13 Ending Beginning…
Loading...
