Skip to main content 4Q19 Results and 2020 Outlook – Noble Energy, Inc. Investor Presentation | Shale Experts
Loading...
Pm

4Q19 Results and 2020 Outlook – Noble Energy, Inc.

Noble Energy, Inc. · Feb 12, 2020 · 25 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. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 1
    4Q19 Results / 2020 Outlook February 12, 2020
  2. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 2
    4Q19 & FY19 Actuals vs. Guidance Midpoint www.nblenergy.com NASDAQ: NBL Outperformance on volumes on lower capital and costs 4Q 4Q FY19 FY19 Adjusted Net Earnings 4Q (MM) Financial & Operating Metrics Guide Actuals Guide Guide Actuals…
  3. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 3
    Delivering Key Outcomes For 2019 www.nblenergy.com NASDAQ: NBL Setting the stage for sustainable long-term FCF(1) Goals Accomplishments Further Enhance Capital / Cost Efficiency 5% Proforma production growth on 17% less capital as…
  4. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 4
    Environmental, Social, and Governance www.nblenergy.com NASDAQ: NBL Protecting the environment and our people Metric Tons Greenhouse Gas Emissions Intensity: 60% Reduction Since 2010 Greenhouse Gas Emissions Intensity(1)…
  5. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 5
    2019 Proved Reserves www.nblenergy.com NASDAQ: NBL Grew reserves, strong organic reserve replacement Total Proved Reserves Increased 6% to 2.05 BBOE Reserve additions(1) replaced FY19 production by 233% 728 MMBoe PUD conversions in…
  6. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 6
    U.S. Onshore www.nblenergy.com NASDAQ: NBL Production toward high end on lower than expected capital 4Q19 Key Highlights MBoe/d USO Net Production and Capex MM 300 600 250 500 U.S. Onshore Efficiencies Exceeding 3Q19 Performance…
  7. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 7
    Offshore www.nblenergy.com NASDAQ: NBL Strong base performance with major project catalysts MMcfe/d Israel Gross Sales Volumes 4Q19 Key Highlights 1,200 Nearly sold out Tamar capacity NBL Offshore Assets Average 99% Uptime,…
  8. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 8
    Leviathan Production Online www.nblenergy.com NASDAQ: NBL World-class field and execution: project more than 200 MM under budget Largest Private Infrastructure Project In Israels History and for NBL Doubles Israels total production…
  9. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 9
    Portfolio Combination Provides Competitive Advantage www.nblenergy.com NASDAQ: NBL Step change in sustainable production profile with Leviathan start-up Eastern Mediterranean World-class natural gas reservoirs with low decline…
  10. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 10
    Multi-Year Capital Allocation Framework www.nblenergy.com NASDAQ: NBL Low maintenance capital allows for sustainable free cash flow(1) 2020 Plan 200-300 MM Prioritizing FCF (1) Target of At Least 500 MM U.S. Onshore Growth…
  11. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 11
    2020 Priorities www.nblenergy.com NASDAQ: NBL Differentially positioned for sustainable returns to investors Generate At Least 500 MM Organic Free Cash Flow(1) to 2020E Organic Capital(2): 1,600-1,800 MM Increase Shareholder Return and…
  12. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 12
    Continuous Improvement in 2020 www.nblenergy.com NASDAQ: NBL Enhancing capital efficiency, reducing costs, improving profitability Decreasing Capital Spend Growing Production MM MBoe/d 2,800 400 Capital efficiency 2,400 and…
  13. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 13
    U.S. Onshore www.nblenergy.com NASDAQ: NBL Focused on continuous improvement MM USO Capital Allocation 2020 Key Focus 2,500 Lowering capital, focused on oil-rich basins 2,000 Cash Flow Generation All 3 basins expected to generate…
  14. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 14
    DJ Basin www.nblenergy.com NASDAQ: NBL Long-term planning and execution continues to pay dividends Continued Outperformance in DJ Basin NBL Acreage GOR: Low Municipalities Mid High East Pony Nearly 800 MM in asset level free cash…
  15. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 15
    Delaware Basin www.nblenergy.com NASDAQ: NBL Improving capital efficiency across the acreage position Capital and Operating Cost Focus NBL Acreage Well costs continue to decrease, with 3 MM in savings from 2020 Development Focus…
  16. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 16
    U.S. Onshore www.nblenergy.com NASDAQ: 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 7 Down 10 6 2.5 MM Down 8 3 MM 5 4 6 3 4 2 2 1 0 0 4Q18…
  17. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 17
    Offshore www.nblenergy.com NASDAQ: NBL Conventional, low decline assets provide growing cash flows in 2020 International Capital Allocation 2020 Key Highlights EMed spend rolls off, Alen development starts MM 700 Israel WA Israel…
  18. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 18
    Eastern Mediterranean www.nblenergy.com NASDAQ: NBL 2020 begins new era of long-term sustainable growth Aphrodite Leviathan Tamar 35% WI 39.7% WI 25% WI Strong Regional Sales Outlook Dalit 25% WI Expecting combined regional sales…
  19. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 19
    Leviathan www.nblenergy.com NASDAQ: NBL World-class reservoir size and quality Subsurface Quality Similar to Tamar, Larger Scale Tamar: 100 km2 Leviathan, similar to Tamar, produces dry natural gas (99% methane) Largest natural gas…
  20. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 20
    West Africa www.nblenergy.com NASDAQ: NBL Strong cash flow profile from existing production and project developments 4Q20 Volumes Impacted by Field Downtime/Maintenance NBL Interests Alba Discoveries Alba downtime for LNG plant…
  21. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 21
    Colombia Exploration Catalyst in 2020 www.nblenergy.com NASDAQ: NBL Material resource opportunity in frontier basin NBL 40% Operated WI in 2 MM acres Offshore Colombia Colombia-3 and Guajira Offshore-3 blocks contain in excess of 2…
  22. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 22
    2020 Performance-Based Executive Incentive Plan www.nblenergy.com NASDAQ: NBL Compensation aligned with shareholder interests to drive superior returns Long-term Incentive Plan (LTIP) LTIP represents approximately 70% of total…
  23. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 23
    2020 Guidance www.nblenergy.com NASDAQ: NBL Full-Year and First Quarter Crude Oil and Natural Gas Total First Quarter 2020 Guidance Natural Gas FY 2020 Ancitipated Condensate Liquids Equivalent (MMcf/d) Sales Volumes LOW HIGH Sales…
  24. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 24
    www.nblenergy.com NASDAQ: NBL Defined Terms and Price Deck Terms Definition Free Cash Flow (FCF) Upstream operating cash flow before working capital changes plus NBLX distribution to Noble Energy less Upstream organic capital Net…
  25. 4Q19 Results and 2020 Outlook – Noble Energy, Inc. – slide 25
    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

From the store

Browse maps, data & reports in the Shale Experts store