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3Q 2019 Earnings Presentation – Noble Energy, Inc.

Noble Energy, Inc. · Nov 7, 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. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 1
    3Q19 Financial and Operational Results November 2019
  2. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 2
    3Q19 Key Highlights www.nblenergy.com NYSE: NBL Continued momentum through 2019 Strong Operational Execution and Cost Control Capital expenditures lower than expected from onshore and offshore developments; YTD 2019 reduction of 200…
  3. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 3
    3Q19 Actuals vs. Guidance www.nblenergy.com NYSE: NBL Outperformance on volumes and costs Financial & Operating Metrics 3Q Guidance 3Q Actuals Adjusted Net Earnings 3Q (MM) Organic Capital(1) (MM) 600 675 556 Net Income Attributable…
  4. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 4
    Delivering Key Outcomes For 2019 www.nblenergy.com NYSE: NBL Setting the stage for sustainable long-term FCF(1) 1Q 2Q 3Q 4Q Other 2019 Accomplishments Reduced full-year capital expenditures by 200 MM Capital below, Permian…
  5. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 5
    Eastern Mediterranean www.nblenergy.com NYSE: NBL High-margin, low-decline assets with material cash flow inflection in 2020 Aphrodite Tamar 3Q19 Key Highlights 35% WI 25% WI Tamar Production Above 1 Bcfe/d Gross in 3Q Leviathan…
  6. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 6
    Leviathan www.nblenergy.com NYSE: NBL Project 150 MM under budget with production ahead of schedule Leviathan 96% Complete; First Gas Expected in December 150 MM under project sanction, now 3.6 B total, gross. Major Milestones…
  7. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 7
    Eastern Mediterranean www.nblenergy.com NYSE: NBL EMG infrastructure ready for significant exports Leviathan Closed Acquisition of Interest November 2019 Mechanical integrity of EMG Pipeline confirmed and Leviathan Amman certified…
  8. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 8
    Eastern Mediterranean www.nblenergy.com NYSE: NBL 2020 inflection point with long-term running room Strong Regional Sales Outlook Expecting combined regional sales for Tamar and Leviathan Israel 2020 Outlook to range between 1.6 and…
  9. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 9
    West Africa www.nblenergy.com NYSE: NBL Strong cash flow profile from existing production and development projects 3Q19 Key Highlights Maximizing Cash flows from Existing Production Alba Field 33% WI Cameroon Improved volumes at…
  10. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 10
    U.S. Onshore www.nblenergy.com NYSE: NBL Lower costs, higher volumes - resulting from ongoing efficiency improvements 3Q19 Key Highlights MBoe/d USO Net Production and Capex Capex (MM) 300 800 250 U.S. Onshore Efficiencies…
  11. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 11
    DJ Basin www.nblenergy.com NYSE: NBL Improving execution and efficiencies NBL Acreage Municipalities GOR: Low Mid High East Pony Continued Outperformance in DJ Basin Weld 2019 YTD operations generating cash flow above capital…
  12. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 12
    DJ Basin www.nblenergy.com NYSE: NBL Long-term planning continues to pay dividends Mustang Continuing Significant Volume Growth MBoe/d Mustang Production, Gross 70 (Row 1 and 2) Average 61 MBoe/d net, in 3Q19, an increase of 20% from…
  13. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 13
    Delaware Basin www.nblenergy.com NYSE: NBL Realizing the benefits of row development Capital and Operating Cost Focus Reeves Reeves Well costs reduced by an incremental 0.5 MM from 1H19 LOE/BOE down 33% from the 4Q18 Improved Cycle…
  14. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 14
    U.S. Onshore www.nblenergy.com NYSE: NBL Continued capital and LOE reductions MM DJ Well Cost(1) MM Delaware Well Cost(1) 8 Normalized to 9,500 12 Normalized to 7,500 Down 10 2 MM Down 6 2 MM 8 6 4 4 2 2 4Q 2018 2019…
  15. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 15
    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…
  16. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 16
    2020 Inflection Point www.nblenergy.com NYSE: NBL Differentially positioned for sustainable returns to investors NBL Competitive Advantages Leading Into 2020 2020 Priorities Generate Free Cash Flow(1), Reduction in Corporate Driven…
  17. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 17
    4Q19 Guidance www.nblenergy.com NYSE: NBL Continuing ahead of plan in 2019; Maintaining capital discipline FY 19 Delivering Ahead of Plan Crude Oil and Natural Gas Natural Gas Total 4Q 2019 Condensate Liquids Equivalent (MMcf/d)…
  18. 3Q 2019 Earnings Presentation – Noble Energy, Inc. – slide 18
    Investor Relations Contacts Brad Whitmarsh Kim Hendrix 281.943.1670 281.943.2197 brad.whitmarshnblenergy.com kim.hendrixnblenergy.com Visit us on the Investor Relations Homepage at www.nblenergy.com

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