Scotia Howard Weil Energy Conference Occidental Petroleum March 25, 2019 Cedric Burgher Chief Financial Officer
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…
2018 Highlights Delivering on Our Value Proposition Focused on Returns Cash Flow Generation Operational Excellence Integrated Business Sector leading returns, CFFO before working cap. Permian achieved lowest 164% all-in reserve…
Value Based Cash Flow Growth Value Based Returns Cash Distributions 2002 - 2016 2017 2018 2.4 B Dividends in 2018 ROCE: 11% Avg 5% 14% Cash Flow Growth 1.3 B Shares Repurchased CROCE: 21% Avg 18% 27% in 2018 2017 to 2018 Growth…
2019 Capital Flexibility with Short-cycle Investments 2019 Capital Program 2019 Capital Program by Type Exploration 4.5 B Capital Program 3% Facilities 9 - 11% Production Growth D&C 24% 0.3 Chemicals 61% 0.1 Total Base 0.2 Oil &…
Road Map to 2022 Cash Flow Growth 2019 2020 2021 2022 9.0 B Harvest Existing High-Return Unconventional Inventory and Lower Full-Cycle Costs Expand Unconventional 2022 Cash Flow From Operations1 Unconventional EOR Scalable…
2018 Return ON Capital vs. Return OF Capital 20% 15% OXY 10% ROCE (%) 5% 0% -5% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 1 Total Yield (%) 1TotalYield = (Dividend + Repurchase) / Market Capitalization on December…
Oxy Consistently Returns Capital to Shareholders 5,000 3.50 Dividend Sustainable at 40 WTI 4,500 Consecutive Dividend Growth Since 2002 - 12% CAGR 3.00 4,000 33 B of Total Capital Returned Since 2002 MM Returned to Shareholders…
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…
Low Carbon Milestones and Investments Realized Expected White Energy Investments in Established Low capture project Net Power and Communication of Carbon Ventures feasibility study Carbon Second Annual direct emissions group…
How Does Carbon Capture and Sequestration Work Over multiple injection cycles, 100% of CO2 is stored in EOR reservoir Oxy has the first two EPA approved Monitoring, Reporting and Verification Plans with storage capacities over…
Water Infrastructure Drives Value & Investment in New Mexico Water Infrastructure Environmental Benefits 4X Increase 160 New water recycling technology New Mexico Water Recycle Capacity (MBWPD) implemented in New Mexico 120 80…
Oxys Sustainable Value Proposition Integrated Business Model Returns Focused Growth Industry Leading Base Decline Rate in Oil Permian Resources is Driving High- and Gas, Sustainable Cash Generation Return Growth with the Best Wells in…
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