Strong 1Q Execution and Delivery www.nblenergy.com NASDAQ: NBL Better than plan on capital, costs and volumes Financial & Operating Metrics 1Q Guide 1Q Actuals Guide First Quarter Performance Organic Capital (MM) 475 550 399 (113)…
U.S. Onshore 1Q Results www.nblenergy.com NASDAQ: NBL Production toward high end on lower than expected capital MBoe/d USO Net Production and Capex MM 1Q20 Key Highlights 350 600 300 500 U.S. Onshore Efficiencies Exceeding…
Offshore 1Q Results www.nblenergy.com NASDAQ: NBL Strong base performance with major project catalysts Eastern Mediterranean Gross Sales Volumes MMcfe/d 1Q20 Key Highlights 1,600 Leviathan contributes substantial growth YoY Israel…
Financial Position www.nblenergy.com NASDAQ: NBL Continued focus on financial strength and flexibility Bn No Near-term Upcoming NBL Debt Maturities Robust Liquidity of 4.4 Bn at end of 1Q 4 1.4 Bn cash on hand; 3.0 Bn available from…
Hedge Book www.nblenergy.com NASDAQ: NBL Maximizing cash flows; protecting near-term downside 2020 WTI Hedged Volumes MBbl/d Price 1Q Cash Received from Hedges Totaled 208 MM 140 Weighted Avg Floor Weighted Average Cap 50 Settled…
2020 Updated Outlook www.nblenergy.com NASDAQ: NBL Capital discipline; focus on balance sheet and returns MM 2020 Capex Guidance Capital Reduced 53% from Original Plan to 750 - 850 MM 2,500 900 MM in capital reductions USO Israel WA…
2020 Updated Outlook www.nblenergy.com NASDAQ: NBL Operational flexibility provides value preservation Positioning for the Future Value over Volume Capital Efficiency Improving with Sustainable Deferring Near-term Completion Activity…
U.S. Onshore Updated 2020 Plans www.nblenergy.com NASDAQ: NBL Minimizing activity; maintaining flexibility for future 2020 Outlook U.S. Onshore Capital Reduced to 575 MM 55% of the 2020 total was spent in 1Q20; remaining amount…
Eastern Mediterranean Updated 2020 Plans www.nblenergy.com NASDAQ: NBL Differentiated asset base with long-term free cash flow Aphrodite Leviathan 39.7% WI Tamar 25% WI Strong Initial 2020 Performance January / February Sales 35%…
West Africa Updated 2020 Plans www.nblenergy.com NASDAQ: NBL Strong base reservoir performance; continuing forward with Alen gas Higher Planned Oil Liftings (Brent Pricing) Expected in 2020, Alba NBL Interests Discoveries 33% WI…
Environmental, Social, and Governance www.nblenergy.com NASDAQ: NBL Committed to our people and the environment Metric Tons Record- Low 2019 Greenhouse Gas Emissions Intensity: 15% CO2e/MBoe Global Greenhouse Gas Emissions Reduction…
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