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2Q 2019 Earnings Presentation – Noble Energy, Inc.

Noble Energy, Inc. · Aug 2, 2019 · 18 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. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 1
    2Q19 Financial and Operational Results August 2019
  2. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 2
    2Q19 Key Highlights www.nblenergy.com NYSE: NBL Focus on capital discipline and execution driving 2019 success Strong Operational Execution and Cost Control Capital expenditures lower than expected from U.S. onshore and offshore…
  3. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 3
    2Q19 Actuals vs. Guidance www.nblenergy.com NYSE: NBL Continued cost performance and volume delivery better than plan Financial & Operating Metrics 2Q Guidance 2Q Actuals Adjusted Net Earnings 2Q (MM) Organic Capital(1) (MM) 675 750…
  4. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 4
    U.S. Onshore www.nblenergy.com NYSE: NBL Lower costs, higher volumes - resulting from ongoing efficiency improvements 2Q19 Key Highlights MBoe/d USO Net Production and Capex Capex (MM) 300 1,000 U.S. Onshore Efficiencies Trending…
  5. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 5
    U.S. Onshore www.nblenergy.com NYSE: NBL Well costs lower than budget MM 9,500 Lateral Efficiency Gains Driving Savings across USO Reducing cycle time and drilling, completion and facilities costs in all three basins 0.5 MM Record…
  6. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 6
    USO Oil Takeaway www.nblenergy.com NYSE: NBL Significant pipeline expansions improving oil netbacks DJ Basin Securing Long-Term Takeaway at Lower Cost NBL has entered into a new contract with Saddlehorn Pipeline, which increases NBLs…
  7. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 7
    DJ Basin www.nblenergy.com NYSE: NBL Improving execution and efficiencies GOR: NBL Acreage Low Municipalities Mid High East Pony Continued Outperformance Delivered from DJ Basin Weld 1H19 operations generating cash flow above…
  8. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 8
    DJ Basin: 2019 Mustang Activity www.nblenergy.com NYSE: NBL Improving capital efficiency with design changes MBoe/d Mustang Production, Gross Mustang Driving Significant Volume Growth 60 (Row 1 and 2) Mustang Row 2 had 20 TILs in 2Q,…
  9. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 9
    Delaware Basin www.nblenergy.com NYSE: NBL Realizing the benefits of row development Reeves 10-well Base Performance and TIL Acceleration Calamity Record production as efficiencies accelerated 7 TILs into 2Q19 . Jane Row Currently…
  10. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 10
    Delaware Basin www.nblenergy.com NYSE: NBL Leveraging row development to drive results Calamity Jane Development Highlights Execution Improvements 10 well row development driving drilling and completion efficiency gains Drilling and…
  11. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 11
    Eagle Ford www.nblenergy.com NYSE: NBL Harvesting cash flows MBoe/d Net Production TILs 80 20 Production Uplift in 3Q 16 60 54 MBoe/d in 2Q19 12 Brought online 16 DUCs (12 in June) in N. Gates Ranch, 40 8 codeveloping Upper and…
  12. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 12
    Portfolio Combination Provides Competitive Advantage www.nblenergy.com NYSE: NBL Step change in sustainable production profile with Leviathan start-up Eastern Mediterranean World-class natural gas reservoirs with low decline profile…
  13. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 13
    Eastern Mediterranean www.nblenergy.com NYSE: NBL World-class assets continue to provide differentiated outlook Tamar Continues to Sell Near 1 Bcfe/d Tamar Leviathan 2Q19 volumes higher than expected due to strong demand; planned (22…
  14. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 14
    Leviathan www.nblenergy.com NYSE: NBL Progressing towards first gas sales Under Construction Loading for Sail On Route to Israel Project Execution Continues with Sailing of Production Decks Project is on time and trending under…
  15. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 15
    West Africa www.nblenergy.com NYSE: NBL Active production management, near-term developments, long-term potential Operational Execution Major Projects Future Opportunities 99% uptime YTD at Aseng, Aseng 6P production well spud Alen…
  16. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 16
    West Africa www.nblenergy.com NYSE: NBL Exceptional operational execution and reservoir management at Aseng Cumulative Production of 100 MMBo Consistent with Sanction Model Over Initial 8 Years Aseng 6P Another Example of Capital…
  17. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 17
    Third Quarter and Updated 2019 Guidance www.nblenergy.com NYSE: NBL Capital and costs lowered; volumes raised Crude Oil and Natural Gas Total Third Quarter 2019 Guidance Natural Gas Full-Year 2019 Condensate Liquids Equivalent…
  18. 2Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 18
    Investor Relations Contacts Brad Whitmarsh Park Carrere Kim Hendrix 281.943.1670 281.872.3208 281.943.2197 brad.whitmarshnblenergy.com park.carrerenblenergy.com kim.hendrixnblenergy.com Visit us on the Investor Relations Homepage at…

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