Click to edit Master title style Investor Update November 2021 NYSE: CLR PROPERTY PROPERTY OF CONTINENTAL OF CONTINENTAL RESOURCES, RESOURCES, INC. REPRODUCTION INC. REPRODUCTION AND DISTRIBUTION AND DISTRIBUTION WITH…
Click to edit Exceptional Cash Master title style Flow & Expanding Assets Enhancing Shareholder Value Company Record 669 MM FCF(1) in 3Q21 Material Positions in 4 World Class Basins 2.6 B Projected 2021 FCF(1) at Current Strip…
Click to Strategic edit Master Expansion title style into Permian: Full Field Development Ready Key Transaction Highlights Permian Asset Map Avalon Shale 92 K Net Leasehold Acres CLR Acreage 98% Operated CLR Water Pipeline 1st…
ClickAccretive Highly to edit Permian MasterTransaction title styleDelivering Shareholder Value All-Cash Transaction with No Equity Dilution Effective Oct. 1, 2021; Expected Close Dec. 2021 CLR Permian Transaction Metrics Accretive…
Accelerating Shareholder Click to edit Capital Master title styleReturns Increasing Quarterly Dividend to 0.20 per Share; 618 MM Share Repurchase Capacity Remaining 3rd Consecutive Quarter of 3rd Consecutive Quarter of FCF Above 600…
Click to edit Significant Master FCF(1) title Remains style a Competitive Advantage 1. Free cash flow (FCF) and FCF yield are non-GAAP measures. With respect to the projected amounts, please see slide 15 for an explanation of the…
Click toConsistent Bakken: edit Master title style Sustainable Performance & Robust Returns 2021 Wells Performing in Line with Prior 3 Year Programs 25 Gross Operated Bakken Wells on Line in 3Q21 11 Long Creek Wells 2021 Program…
Oklahoma Commodity Click to edit MasterOptionality title style Continuing Focus on Natural Gas to Maximize Value Deliberate Pivot to Capture Gas Commodity Strength in OK 100% of South Rigs Focused on Gas in 4Q21 (vs. 50% in 2Q20)…
ESG Stewardship Click to edit Master title style Responsibly Sustaining Americas Energy Future We Believe Domestic Oil & Natural Gas Exploration is Fundamental to the Well-Being of Humanity, our Nation & the World. Supplying Clean…
Continental Resources Click to edit Master title style Commitment to Generating Exceptional Shareholder Value Building Shareholder Operational Excellence Shareholder Returns & Resource Potential Alignment Generating Significant…
Click to Information Contact edit Master title style Rory Sabino Vice President, Investor Relations Phone: 405-234-9620 Email: Rory.SabinoCLR.com Lucy Spaay Investor Relations Analyst Phone: 405-774-5878 Email: Lucy.SpaayCLR.com…
Click to edit Master title style REFERENCE MATERIALS PROPERTY OF CONTINENTAL RESOURCES, INC. REPRODUCTION AND DISTRIBUTION WITH WRITTEN PERMISSION ONLY 13
Click to 2021 Guidance edit Master & Operating title style Detail Production & Capital Previous Updated Capital expenditures budget 1.4 billion 1.5 to 1.6 billion Oil production (Bo per day) 160,000 to 165,000 160,000 to 165,000…
ClickCash Free to edit FlowMaster title Cash and Free style Flow Yield Our presentation of free cash flow and free cash flow yield are non-GAAP measures. We define free cash flow as cash flows from operations before changes in working…
Click Net to edit Debt Master titleTostyle Reconciliation GAAP Net debt is a non-GAAP measure. We define net debt as total debt less cash and cash equivalents as determined under U.S. GAAP. Net debt should not be considered an…
Click to edit EBITDAX Master titleTostyle Reconciliation GAAP We use a variety of financial and operational measures to assess our performance. Among these measures is EBITDAX, a non-GAAP measure. We define EBITDAX as earnings before…
Click to edit EBITDAX Master titleTostyle Reconciliation GAAP The following tables provide reconciliations of our net income (loss) and net cash provided by operating activities to EBITDAX for the periods presented: Three months ended…
Click to editEarnings ADJUSTED Master Reconciliation title style To GAAP Our presentation of adjusted earnings and adjusted earnings per share that exclude the effect of certain items are non-GAAP financial measures. Adjusted earnings…
Click Net to edit Sales Master Prices title style To GAAP Reconciliation Revenues and transportation expenses associated with production from our operated properties are reported separately. For non-operated properties, we receive a…
Click G&A Cash to edit Master title To Reconciliation style GAAP Our presentation of cash general and administrative (G&A) expenses per Boe is a non-GAAP measure. We define cash G&A per Boe as total G&A determined in accordance with…
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