Click to edit Master title style Investor Update May 2022 NYSE: CLR PROPERTY PROPERTY OF CONTINENTAL OF CONTINENTAL RESOURCES, RESOURCES, INC. REPRODUCTION INC. REPRODUCTION AND DISTRIBUTION AND DISTRIBUTION WITH WRITTEN…
Click toReturns Corporate edit Master title style Driven & Opportunity-Based Investment Value Proposition DELIVER 31% Projected ROCE(1) in 2022 (2) Leading ROCE & FCF 21-23% Projected FCF Yield in 2022…
Click toDisciplined Financially edit Master title style with Premier Assets Driving Unique Value Opportunity CLRs Competitive Advantage CLRs Four World Class Basins Delivering Strong Returns Projecting 7th Consecutive Year of…
Click CLR to Peer Above edit&Master title style S&P 500 Corporate Returns Over Past 5 Years To Continue 1. E&P Peers, Majors and S&P 500 average data provided by FactSet as of January 2022. E&P Peers includes APA, COP, CTRA, DVN,…
ClickDelivered 1Q22: to edit Outstanding Master title style Results Cash Flow from Operations (CFO) 1.50 B Company Record Quarter FCF(1) 1.15 B 5th Consecutive Record Quarter Cash Dividend Paid in 1Q22 83 MM April Dividend…
Click 2022 to edit Master Shareholder Return oftitle style Capital Priorities Previous Current 40% of CFO Target for Capital Capital Shareholder Return of Capital Program Program Disciplined Reinvestment Rate…
Click to 2022 Enhancing editCapital Master title &style Program Improving Annual & Future Performance Enhancing 2022 Projections Previous Current Current Capital Program 2.3 B 2.6 to 2.7 B (1) Optimizing ROCE 21% 31% (2)…
Click to edit Differentiated Master Bolt-On title style Acquisitions & Organic Exploration Strategy 600 K Net Acres Added to CLR 1.8 Million Total Net Acres Portfolio Over Past 18 Months Across 4 World Class Basins Cumulative…
Click toBasin: Delaware edit Excellent Master Results title style in CLRs Expanding Asset CLR Acreage Bolt-On Acreage Strategic Delaware Entrance 1st 10-Well Unit Exceeding Expectation CLR Water Pipeline CLR Water Disposal…
Click River Powder to edit Master Basin: Strong title style Results Across Industry Leading Core Position Contiguous Oil-Weighted Parkman Core Position with Scale CLR Ogalalla 2215 1SH Shannon IP30: 1,768 Boepd (93% Oil)…
ClickRecord Track to edit Master title of Improving Cost style of Supply & Capital Efficiencies 1. Cost-of-supply is the WTI oil price at which the field-level, before-tax ROR equals 10%. 2. Capital efficiency is the cumulative…
Click to edit Exceptional ESG Master title&style Performance Leadership 2022 ESG Focus Areas 25% Equity Stake(1) in Worlds Largest Continued Leadership Position in Carbon Capture & Sequestration Project GHG & Methane Intensity…
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 15
Click to edit Significant CashMaster title style Flow Available for Balance Sheet Enhancement 6.57 B Total Debt at 3/31/22 3/31/22 Liquidity ( MM) 264 MM Reduction in 1Q22 (Post 450 MM PRB Acquisition & Cash & Cash Equivalents 4 63…
Click to edit Free Cash FlowMaster title Cash and Free styleFlow 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 to edit Net 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 and net cash provided by operating activities to EBITDAX for the periods presented: Year ended Three months…
Click to edit Adjusted Master Earnings title style To GAAP Reconciliation 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 to edit Net 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 net…
Click to edit Cash G&A 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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