Barclays CEO Energy-Power Conference September 2018
www.nblenergy.com NYSE: NBL Strategy to Enhance Value Blueprint to deliver leading total shareholder returns High-margin EMed and U.S. Onshore delivers leading cash Peer-leading Cash Flow Per Debt-adjusted Share Growth flow…
U.S. Onshore Portfolio www.nblenergy.com NYSE: NBL Strategically advantaged with high-quality investment options Decades of High-return Inventory in Liquids-rich, Low-cost Basins U.S. Onshore…
Delaware Basin www.nblenergy.com NYSE: NBL 2018 milestones create foundation for long-term value creation Delivered 100% Volume Growth from 2Q17 to 2Q18 Reeves Increased 3rd Bone Spring and Wolfcamp A Upper Type Curves 20-25% in…
Delaware Basin Activity www.nblenergy.com NYSE: NBL Transitioning to optimal multi-zone row development Leveraging Learnings from Delaware Drilling and Across U.S. Onshore Row Development Across 2 Miles Illustration of Wolfcamp A(1)…
DJ Basin www.nblenergy.com NYSE: NBL Leveraging learnings to drive Mustang value Mustang IDP Driving Multi-year DJ Basin Growth Mustang Development Highly contiguous 75,000 net acre position with 80% WI NBL Acreage Very productive…
DJ Basin Infrastructure www.nblenergy.com NYSE: NBL Processing additions support growing DJ Basin volumes DCP Plant 10 (Mewborne 3) DCP Plant 11 (OConnor 2) NBL Well Positioned to Benefit from Near-term - Adds 200 MMcf/d capacity -…
Colorado Regulatory Environment www.nblenergy.com NYSE: NBL 2,500 ft setback measure would be a huge setback for Colorado Statutory Proposition is an Attempt to Eliminate Oil and Gas Development in Colorado Up to 217 B Estimated Loss…
West Africa www.nblenergy.com NYSE: NBL Entering the next phase of development Strong Existing Cash Flows from Brent-linked Production at Alba, Aseng and Alen Alba Field 33% WI…
EMed Outlook through 2020 www.nblenergy.com NYSE: NBL Exceptional assets, margins and growth in high-demand region Long-life Assets: Minimal Decline and Low Maintenance Capital Aphrodite Tamar 25% WI 35% WI…
Eastern Mediterranean Leviathan Development www.nblenergy.com NYSE: NBL Project 60% complete and progressing towards first gas sales by year-end 2019 Leviathan Major Project Development Remains On Schedule and On Budget Confirmed well…
Exploration Program www.nblenergy.com NYSE: NBL Materially enhanced, high-quality portfolio with 1-2 drilling prospects per year Exploration Resource Eastern Med. Portfolio BBoe 470K gross acres 4 25-40% WI, NBL operated Deep oil…
Noble Energy www.nblenergy.com NYSE: NBL Catalysts driving differential value creation Near-term Catalysts Additional Catalysts U.S. Onshore Operational Execution Sustainable Free Cash Flow Profile; Returning Cash to Delivering 25% oil…
www.nblenergy.com NYSE: NBL Appendix 14
www.nblenergy.com NYSE: NBL Third Quarter 2018 Guidance Crude Oil and Natural Gas Liquids Natural Gas Total Equivalent 3Q 2018 Sales Volume Condensate (MBbl/d) (MBbl/d) (MMcf/d) (MBoe/d) Low High Low High Low High Low High United…
www.nblenergy.com NYSE: NBL Full-Year 2018 Guidance Crude Oil and Natural Gas Liquids Natural Gas Total Equivalent Full-Year 2018 Sales Volume Condensate (MBbl/d) (MBbl/d) (MMcf/d) (MBoe/d) Low High Low High Low High Low High United…
Investor Relations Contacts Brad Whitmarsh Megan Dolezal 281.943.1670 281.943.1861 brad.whitmarshnblenergy.com megan.dolezalnblenergy.com Visit us on the Investor Relations Homepage at www.nblenergy.com