Barclays CEO Energy-Power Conference 2018 Occidental Petroleum September 5, 2018 Vicki Hollub Chief Executive Officer
Oxys Unique Value Proposition CROCE Leadership Consistent Dividend Growth Returns Focused Growth Growing dividend with an attractive yield Value protection in down cycle Promotes capital allocation discipline Growth within Cash…
Occidental Petroleum Corporation (Oxy) is a returns High Quality Assets Provide a focused energy company with operations in the Sustainable Value Proposition United States, Middle East and Latin America Oil & Gas Focused in world…
Permian Resources Value-Based Production Growth Permian Resources Production (Mboed) 54% Production Growth +7% From 1Q18 Guidance 235 - 255 June 2018: 213 Mboed 215 - 225 201 Breakeven Plan Achieved Breakeven Plan Achieved…
2018 YTD Key Takeaways 5 Bn 2018E cash improvement allocated to increase shareholder return Business Outperformance Portfolio Optimization Allocation of Excess Cash Completed low oil 2.6 Bn sale of non- 2+ Bn opportunistic price…
Valuable Growth and Share Buybacks Will Reduce Dividend Payout Ratio Dividend Security and Growth Focus on CROCE Historical Dividend Payout Ratio1 less than 25% driving down payout ratio DPR % 17 13 10 8 9 10 9 15 13 12 17 13 22…
Capital Allocation Driven by Advantaged Permian Position Strategic Rationale for Investment Oxy Uniquely Checks All the Boxes Best Wells: Oxy delivered 25 of top 50 wells in Improving our key metric: CROCE the Basin over the last…
Investing in Highest-returning Options to Improve CROCE Strategic Rationale for Investment Cash Return on Capital Employed 10% Improvement from Incremental Capital Improving our key metric: CROCE 24% 22% Accelerating highest-return…
Logistics & Strategic Relationships Aventine Logistics Hub Secure Supply 240 acres in Eddy County, NM within 20 miles of Greater Sand Dunes and other future development areas 30,000 tons of sand storage + transload capacity 2 unit…
Production Transport & Realizations Ample Takeaway Committed Oil & Gas Takeaway Ensures Products are Realized in Multiple Markets Multi-year firm oil commitments New Mexico on four, third-party pipelines Total capacity 470 Mbod to…
Occidental has CO2 Enhanced Oil Recovery (EOR) Global EOR Scale & Capability Utilized and using anthropogenic CO2 is a Permian Basin CO2 EOR Stored CO2 Safely form of carbon capture, utilization and storage (CCUS) Colombia and Reliably…
Oxys Differentiated Value Key Takeaways Growth within Cash Flow Returns Focused Growth Growing Production 10%+ while Targeting a Permian Resources is Driving High- Return of Over 5 Bn in Cash to Shareholders Return Growth with the…
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