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BAML Global Energy Conference 2018 – Occidental Petroleum Corp

Occidental Petroleum Corp · Nov 15, 2018 · 11 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. BAML Global Energy Conference 2018 – Occidental Petroleum Corp – slide 1
    BAML Global Energy Conference Occidental Petroleum Corporation November 15, 2018 Cedric Burgher Chief Financial Officer
  2. BAML Global Energy Conference 2018 – Occidental Petroleum Corp – slide 2
    Value Based Cash Flow Growth Production increase: 14% YoY ROCE: 13% Cash Opex + DDA (/Boe): -4% YoY CROCE: 26% Dividends 2.4 B Repurchases 0.9 B Total 3.3 B Net Debt to Cap: 23% Credit Rating: A/A3/A Stable 1Trailing 12…
  3. BAML Global Energy Conference 2018 – Occidental Petroleum Corp – slide 3
    Third Quarter 2018 Highlights 2.6 B cash flow from operations before working capital exceeded capital expenditures and dividends by 700 MM Highest quarterly EPS since 2014 Portfolio Optimization 1.5 B returned to shareholders…
  4. BAML Global Energy Conference 2018 – Occidental Petroleum Corp – slide 4
    Integrated Portfolio with High Value Investment Options Oil & Gas Chemical Midstream & Marketing Focused in world class Leading manufacturer of Integrated infrastructure and basins with a history of basic chemicals and marketing…
  5. BAML Global Energy Conference 2018 – Occidental Petroleum Corp – slide 5
    Premium Integrated Assets Drive Long Term 9.0 - 9.5 B Cash Flow Growth 8.5 B CFFO at 5 - 8+% production 67.50 WTI growth 5.0 - 5.3 B Capital Annual Cash Flow Returns driven 60 WTI capital allocation 7.6 B Share repurchases…
  6. BAML Global Energy Conference 2018 – Occidental Petroleum Corp – slide 6
    Cash Flow Priorities 2018 - 2022 Cash Flow Breakeven at Low Oil Prices Estimated Cash Flows ()1 40 WTI pay the dividend and maintain production 50 WTI grow the dividend, and CFFO grow production 5 - 8+% 60+ WTI Free Cash Flow…
  7. BAML Global Energy Conference 2018 – Occidental Petroleum Corp – slide 7
    Oxy Consistently Returns Capital to Shareholders Increasing cash Sustaining the flow for dividend Consistent Dividend & Opportunistic Share Repurchases at Higher Commodity Prices Dividend growth 5,000 Dividend Sustainable at 40 WTI…
  8. BAML Global Energy Conference 2018 – Occidental Petroleum Corp – slide 8
    Increasing Shareholder Value in Permian Resources Returns Focused Investment Approach Permian Resources Production Results in High Margin Growth (Mboed) 30% - 35% CAGR 26 of top 50 wells in the Basin Best Wells over the last year…
  9. BAML Global Energy Conference 2018 – Occidental Petroleum Corp – slide 9
    Opportunities for Growth - Oman New Blocks: 51 and 65 in Oman North and Block 72 in Central Oman Increases Oman acreage from 2.3 to 6 MM gross acres Doubles potential well inventory UAE to 10,000 locations Saudi Arabia Sultanate…
  10. BAML Global Energy Conference 2018 – Occidental Petroleum Corp – slide 10
    Occidental Low Carbon Ventures Leveraging our unique Systematic direct emission reductions from operations positon and leadership in Adapt equipment to lower energy use per the CO2 market to provide a produced volume Low-carbon…
  11. BAML Global Energy Conference 2018 – Occidental Petroleum Corp – slide 11
    Oxys Sustainable Value Proposition Integrated Business Model Returns Focused Growth Industry Leading Base Decline Rate in Permian Resources is Driving High- Oil and Gas and Sustainable Cash Return Growth with the Best Wells in the…

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