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1Q 2019 Earnings Presentation – Occidental Petroleum Corp

Occidental Petroleum Corp · May 6, 2019 · 19 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. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 1
    First Quarter 2019 Earnings Conference Call Occidental Petroleum Corporation May 6, 2019
  2. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 2
    Occidental Petroleum First Quarter Highlights Financial Summary and Guidance Closing Remarks 3
  3. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 3
    1Q19 Highlights Focused on Returns & Cash Flow Generation Returned 800 MM (45% of CFFO before working capital) to shareholders through dividends and share repurchases Continued to deliver sector leading returns; CROCE1 of 21% and…
  4. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 4
    2018 Return On Capital and Return Of Capital 20% Returned 3.6 B to shareholders in 2018, including 1.3 B of share repurchases 15% OXY Since 2002, returned 34 B of Total Capital through 1Q19 Sector leading returns, achieved 14%…
  5. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 5
    1Q19 Permian Highlights Permian Execution Excellence Permian Resources Subsurface Technical Basin-leading Well productivity outperforming peer average by over 45% across the Delaware Basin Excellence Wells Implementing new facility…
  6. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 6
    Occidental Petroleum First Quarter Highlights Financial Summary and Guidance Closing Remarks 7
  7. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 7
    1Q19 Results Reported diluted EPS 0.84 Core diluted EPS 0.84 1Q19 Actual versus Guidance Boed Midpoint Reconciliation 1Q19 CFFO before working capital 1.8 B Permian Resources execution +2,500 and well productivity 1Q19 capital…
  8. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 8
    2019 Guidance Oil & Gas Segment Exploration Expense FY 2019E Production 30 MM in 2Q19E Total production of 715 - 730 Mboed 130 MM in FY 2019E Permian Resources production of 278 - 288 Mboed DD&A FY 2019E International production of…
  9. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 9
    Occidental Petroleum First Quarter Highlights Financial Summary and Guidance Closing Remarks 10
  10. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 10
    Appendix Contents Financial Information Executive Compensation Oil and Gas Updates 11
  11. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 11
    Cash Flow Sensitivities in 2Q19 Oil & Gas Annualized cash flow changes 130 MM per 1.00 / bbl change in oil prices 100 MM per 1.00 / bbl change in WTI prices 30 MM per 1.00 / bbl change in Brent prices Annualized cash flow changes 35…
  12. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 12
    2019 Cash Flow and Cash Balance Reconciliation B 1.8 (0.6) (0.2) (1.3) 3.0 (0.9) 1.8 Beginning Cash CFFO Before Dividends Share Repurchases Capital Expenditures Working Capital / Ending Cash Balance 01/01/19 Working Capital…
  13. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 13
    Appendix Contents Financial Information Executive Compensation Oil and Gas Updates 14
  14. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 14
    Executive Compensation Program Objectives Align with shareholder interests Preserve performance accountability Build long-term share ownership Provide consistent retention incentive Straightforward and transparent 1 Match…
  15. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 15
    Appendix Contents Financial Information Executive Compensation Oil and Gas Updates 16
  16. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 16
    Core Development Areas Delivering Impressive Results Greater Sand Dunes Cumulative Production (Mboe) Subsurface Characterization is Driving Basin Greater Sand Dunes Bone Spring - 10K wells Leading Results 2018 52 Wells 9,950…
  17. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 17
    Core Development Areas Delivering Impressive Results Barilla Draw Cumulative Production (Mboe) Scalable Performance Improvements Increasing Barilla Draw Wolfcamp A & Hoban - 10K wells Asset Value 2018 21 Wells 10,100 New well design…
  18. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 18
    Continuous Improvement in Permian Resources Hz Unconventional Well Performance Permian Resources Well Performance 250 147% Improvement since 2015 Subsurface 25% Improvement from 2017 to 2018 Characterization 200 2018 Cumulative…
  19. 1Q 2019 Earnings Presentation – Occidental Petroleum Corp – slide 19
    Jeff Alvarez Vice President - Investor Relations 713.215.7864 jeff_alvarezoxy.com Neil Backhouse Director - Investor Relations 713.366.5604 neil_backhouseoxy.com

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