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Annual Meeting of Stockholders – Murphy Oil Corp

Murphy Oil Corp · May 11, 2016 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Annual Meeting of Stockholders – Murphy Oil Corp – slide 1
    ANNUAL MEETING OF STOCKHOLDERS EL DORADO, ARKANSAS MAY 11, 2016 MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 1
  2. Annual Meeting of Stockholders – Murphy Oil Corp – slide 2
    Agenda Company Update Business Environment Lower for Longer vs Corporate Strategy Takeaways MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 3
  3. Annual Meeting of Stockholders – Murphy Oil Corp – slide 3
    Commodity Prices Post September 2013 WTI WTI Henry Hub 120 7 from 108.54 HENRY HUB 6 on September 100 2013 to from 5 43.44 3.67 80 May 2016 on September 2013 to 4 2.09 60 May 2016 3 40 2 20 1 - 0 Source:…
  4. Annual Meeting of Stockholders – Murphy Oil Corp – slide 4
    Murphy Oil Corporation 2015 Annual Report Net Hydrocarbons Produced, Mboepd Capex, MM 300 5000 4,193 3,966 250 226 4000 3,757 206 208 200 179 194 3000 2,753 150 2,187 2000 100 50 1000 0 0 2011 2012 2013 2014 2015 2011 2012…
  5. Annual Meeting of Stockholders – Murphy Oil Corp – slide 5
    2015 Outstanding Safety Performance 5-Year 3,000,000 0.9 0.83 TRIR* 0.79 2,500,000 66% Improvement 0.8 0.7 Combined Work Hours 2,000,000 0.6 0.50 0.48 0.5 TRIR 1,500,000 0.4 1,000,000 0.28 0.3 0.2 500,000…
  6. Annual Meeting of Stockholders – Murphy Oil Corp – slide 6
    2015 Environmental Performance 5,000,000 50,000 GHG Intensity Metric Tons 4,500,000 45,000 4,000,000 40,000 CO2e Metric Tons CO2e/MMBOE 3,500,000 35,000 3,000,000 30,000 GHG Emissions 2,500,000 25,000 Murphy Oil…
  7. Annual Meeting of Stockholders – Murphy Oil Corp – slide 7
    2015 An Outstanding Year in Reserve Replacement Proved Reserves YE 2015 774 MMboe EFS Total Replacement 123% Offshore 21% Resource (Other) 10th Consecutive Year 100% 31% 35% 62% PD Syncrude/Heavy 5 Year Reserve Life Increase of…
  8. Annual Meeting of Stockholders – Murphy Oil Corp – slide 8
    2015 Peer Proved Reserves 2015 Percentage Change (%) 15% 5% -5% -15% Mean: 16.1% -25% -35% -45% COG WLL MUR NBL MRO RRC XEC EOG PXD DVN NFX HES APC APA ECA CHK SWN Source: Bloomberg, Company 10-K reports Note: The number…
  9. Annual Meeting of Stockholders – Murphy Oil Corp – slide 9
    BUSINESS ENVIRONMENT MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 10
  10. Annual Meeting of Stockholders – Murphy Oil Corp – slide 10
    U.S. Oil Supply Response Price Collapse Resulted in Dramatic Rig Count Year-on-Year U.S. Oil Production is Down Over Pullback and Eventual Response in U.S. 600 MBOPD Production Rig Counts Continue to Decrease No. of Rigs Total…
  11. Annual Meeting of Stockholders – Murphy Oil Corp – slide 11
    Meeting the Worlds Need for Energy Increasing Global Fuel Demand in 2040 Projections Oil & Natural Gas Represents 57% of Demand in 2040 250 0.1% Average annual growth rate 2014 2040 Fuel Demand (Quadrillion BTUs) 200 1.6%…
  12. Annual Meeting of Stockholders – Murphy Oil Corp – slide 12
    LOWER FOR LONGER WHILE MAINTAINING STRATEGY MURPHY OIL CORPORATION www.m urp h yo i lc o rp.c om NYSE: MUR 13
  13. Annual Meeting of Stockholders – Murphy Oil Corp – slide 13
    Lower for Longer Perspective While Maintaining Strategy LOWER FOR LONGER STRATEGY Develop DIFFERENTIATED PERSPECTIVES in Underexplored MINIMAL CAPITAL Spend Basins and Plays Focus on COST REDUCTIONS Continue to be a PREFERRED…
  14. Annual Meeting of Stockholders – Murphy Oil Corp – slide 14
    Lower for Longer Minimal Capital Capex, MM 4,000 3,000 2016 Total Capex, 580 Million 2,000 1,000 20% EFS 0 35% Montney 2014 2015 2016 E Seal/Syncrude 7% GOM/E Canada Net Production, Mboepd Sarawak 210 15% Sabah 7% 11%…
  15. Annual Meeting of Stockholders – Murphy Oil Corp – slide 15
    Lower for Longer Continued Cost Focus Lease Operating Expense* G&A, MM /boe 15 400 14.61 379 350 364 Focusing on Cost Reductions 13 300 307 Reduced LOE by 37% 2013 to 11 250 2015 11.04 200 Expected G&A Reduction of 9 9.21…
  16. Annual Meeting of Stockholders – Murphy Oil Corp – slide 16
    Lower for Longer Continued Improvement in Drilling Costs EFS D&C Significant Portion of our Capital Spend 10 8,000 Cost per well (MM) Lateral Length (ft) 8 6,000 Ability Competitive Advantage 6 4,000 4 2,000 Proven…
  17. Annual Meeting of Stockholders – Murphy Oil Corp – slide 17
    Lower for Longer Balance Sheet Montney Midstream Sale To Enbridge Closed April 1, 2016 C538.8 MM Divestiture Monetize Value Forward 20 Year Customary Fee Structure Cash Proceeds Split Balance Sheet / Portfolio Enhancement…
  18. Annual Meeting of Stockholders – Murphy Oil Corp – slide 18
    Differentiated Perspective Athabasca Oil Joint Development C475 MM Joint Development Agreement in Kaybob Duvernay and Liquids Rich Montney Area C250 MM Cash; C225 MM Carry Net Risked Recoverable Resource of 200 - 350 MMboe…
  19. Annual Meeting of Stockholders – Murphy Oil Corp – slide 19
    Differentiated Perspective Athabasca Oil Joint Development Black Oil Strategically Complements NA Onshore Light Oil Unconventional Portfolio T64 Gas Condensate Established In-House Expertise Duvernay Recognized as Premier Play…
  20. Annual Meeting of Stockholders – Murphy Oil Corp – slide 20
    Differentiated Perspective Vietnam Cuu Long Entry Su Tu Den Blk. Ruby / Topaz Blk. 400 MMBOE 130 MMBOE Lac Da Vang Blk. 15-1/05 Signed Farm-in Agreement for Block 15-1/05 Highly Successful Oil Prone Basin Rang Dong Blk. 260…
  21. Annual Meeting of Stockholders – Murphy Oil Corp – slide 21
    Balance Global Offshore Business Malaysia Brunei Gulf of Mexico Sarawak CA-2 Medusa Expansion S Acis Completed Keratau Gas Discovery First Production 2Q 15 Satellite Campaign Dalmatian South SK 314A Merapuh 5 & First Production…
  22. Annual Meeting of Stockholders – Murphy Oil Corp – slide 22
    Balance North America Onshore Eagle Ford Shale Over 660 Operated Wells Online to Date 2,000 Potential Locations 800 MMboe Proved & Net Resource Calion Road New Austin Chalk Development 5th Street Montney 22 New Wells…
  23. Annual Meeting of Stockholders – Murphy Oil Corp – slide 23
    Takeaways Remarkable Year in Safety Outstanding Year in Reserves Replacement Aggressive on Capital and Cost Reductions Early Maintain Focus on Stockholders Maintain Balance Sheet Lower for Longer Significant Changes in…

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