Bank of America Merrill Lynch 2018 Global Energy Conference November 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…
Portfolio Combination Provides Competitive Advantage www.nblenergy.com NYSE: NBL Advancing developments for sustained value creation U.S. Onshore: Extensive High-margin, High-return Inventory in Liquids-rich, Low-cost Basins Eastern…
DJ Basin www.nblenergy.com NYSE: NBL Strong performance and future outlook CO Decisive Victory in Defeating Proposition 112 DJ Basin Activity 3Q18 Weld Broad support for oil and gas industry in Colorado Oil (MBbl/d) 61 NGL (MBbl/d)…
DJ Basin Mustang IDP www.nblenergy.com NYSE: NBL Robust new well performance MBoe/d Substantial Volume Growth from Initial Row in Mustang Strong Results from Mustang Row Development 30 30 cum. wells online Producing 27 MBoe/d (+60%…
DJ Basin Mustang Area www.nblenergy.com NYSE: NBL Comprehensive drilling plan (CDP) setting NBL apart Primary Operatorship Established CDP Key Statistics Designates NBL as operator on acreage and sole authority to permit new wells;…
DJ Basin www.nblenergy.com NYSE: NBL Consolidating NBLs acreage position Recent Trade Adds to NBLs Contiguous Acreage in Wells Acreage Trade Details Ranch and Mustang Pre-Trade Post-Trade NBL received 12,900 net acres from PDCE in…
Delaware Basin www.nblenergy.com NYSE: NBL 115% production growth year-over-year TX Solid Operations in 3Q with Sales Volumes of 58 MBoe/d Delaware Activity 3Q18 Reeves Ward Continued strong volume growth, up 11 MBoe/d from 2Q18 Oil…
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 Successfully executing row development in DJ and Eagle Ford…
Eastern Mediterranean www.nblenergy.com NYSE: NBL Growing natural gas demand and increasing cash flows Tamar Record 3Q18 Gross Sales Volumes 1,090 MMcfe/d; Net 242 Aphrodite 35% WI 25% WI MMcfe/d Leviathan Driven by strong…
EMed Regional Update www.nblenergy.com NYSE: NBL Multiple pathways to deliver Tamar and Leviathan natural gas exports to Egypt EMG Pipeline Agreements Low Cost Access to Growing INGL Pipelines Regional Demand Via Existing Infrastructure…
EMED Huge Natural Gas Demand Region www.nblenergy.com NYSE: NBL Agreements secured in Israel, Jordan, and Egypt with ample running room Primary Source of Power for Israel EMED Market Demand & NBL Supply Capacity Supplying nearly 70% of…
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…
Exploration Program www.nblenergy.com NYSE: NBL Materially enhanced, high-quality portfolio with 1-2 drilling prospects anticipated per year Exploration Resource Eastern Mediterranean Portfolio BBoe 470 K gross acres 4 25-40% WI,…
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 20-25%…
www.nblenergy.com NYSE: NBL Appendix 16
www.nblenergy.com NYSE: NBL Fourth Quarter 2018 Guidance Crude Oil and Natural Gas Liquids Natural Gas Total Equivalent 4Q 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 Park Carrere 281.943.1670 281.943.1861 281.872.3208 brad.whitmarshnblenergy.com megan.dolezalnblenergy.com park.carrerenblenergy.com Visit us on the Investor Relations Homepage at…