Creating Value Through the Cycles Portfolio Attributes Allocation Principles Diverse, low-decline base production Strong Balance Growing Dividend Sheet Reduce debt to Target annual real growth less than 25B Large, low cost of…
1Q16 Summary Strategic Operational Financial Took actions to conserve 2% year-over-year 1.2B adjusted loss; cash and position for long production growth2 0.95 adjusted EPS loss term Enhanced strong liquidity Loaded 11 cargoes…
Al Hirshberg EVP, Production, Drilling and Projects
Lower 48 and Canada Foster Creek Lower 48 Canada 1Q16 production of 491 MBOED vs. 506 MBOED in 1Q151 1Q16 production of 293 MBOED vs. 288 MBOED in 1Q151 Transitioned from 13 operated rigs at year-end 2015 to 3 Bitumen production…
Alaska and Europe & North Africa Alaska 1Q16 production of 191 MBOED vs. 186 MBOED in 1Q15 Ramping up production at CD5 and Drill Site 2S Project activity underway at GMT 1 Europe & North Africa 1Q16 production of 216 MBOED…
Asia Pacific & Middle East and Other International Asia Pacific & Middle East 1Q16 production of 387 MBOED vs. 351 MBOED in 1Q15 Loaded 11 cargoes from APLNG Train 1; expect first cargo from Train 2 in 4Q16 Ramping up at Gumusut…
2016 Operations Outlook Expect 2016 full-year production to be in line with 20151 SAFETY REMAINS TOP 2Q16 production guidance: 1,500 to 1,540 MBOED PRIORITY Reduced rig count in the Lower 48 5.7B 2016 CAPITAL GUIDANCE Major…
Appendix
Annualized Net Income Sensitivities Crude Brent/ANS: 100-120MM for 1/BBL change WTI: 30-40MM for 1/BBL change WCS: 35-45MM for 1/BBL change North American NGL Representative blend: 5-10MM for 1/BBL change Natural Gas Henry…
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