1Q14 CONFERENCE CALL Jeff Sheets, EVP, Finance & CFO Matt Fox, EVP, Exploration & Production May 1, 2014
Jeff Sheets, EVP, Finance & CFO
1Q14 Highlights Operational Financial Strategic 1,530 MBOED continuing 2.3 B adjusted earnings; Achieved production and operations production, 1.81 adjusted EPS cash margin growth excluding Libya Significant growth from 4.4 B…
1Q14 Performance Adjusted Earnings Highlights Strong operational performance and continued cash margin improvement Adjusted Improved pricing environment and higher North Earnings 2,253 American natural gas and bitumen realizations…
1Q14 Production From Continuing Operations MBOED PRODUCTION 3% GROWTH 41 11 6 Lower 48 Liquids 50 Canada Liquids 11 APME Gas 9 Europe Liquids 5 1,506 N.A. Gas -14 1,530 1,495 Alaska Liquids -19 Other -1 Total 41 1 1…
1Q14 Performance Company Cash Flow B 0.6 1Q14 1.3 Debt of 21.2 B 4.4 Debt-to-capital ratio of 28% 3.9 0.9 0.3 7.7 6.5 2014 Beginning CFO Excluding FCCL FCCL Distribution Working Capital Capital Dividends Debt 1Q14…
Matt Fox, EVP, Exploration & Production
Lower 48 and Latin America First-Quarter Highlights 1Q14 production of 507 MBOED 16% increase in crude oil production vs. 1Q13; 8% increase vs. 4Q13 Achieved a new peak daily production rate of 163 MBOED in Eagle Ford; 54 MBOED…
Canada First-Quarter Highlights 1Q14 production of 280 MBOED 68% complete at Surmont 2 Successfully executed western Canada winter drilling program Northwest Territories Christina Lake Phase E approaching full capacity West…
Alaska First-Quarter Highlights 1Q14 production of 200 MBOED Additional drilling rig added at Kuparuk in January CD5 on track for late-2015 startup Progress continues at Drill Site 2S, GMT1 and 1H NEWS Kenai LNG Kenai LNG Plant…
Europe First-Quarter Highlights 1Q14 production of 220 MBOED Jasmine averaged 25 MBOED; East Irish Sea continues to ramp up Ekofisk South drilling program continues; 4 wells currently on production Poland Eldfisk II onshore…
Asia Pacific and Middle East First-Quarter Highlights 1Q14 production of 319 MBOED Qatargas Train 7 planned turnaround completed ahead of schedule Achieved first gas in April at South Belut Project in Indonesia SNP SNP achieved…
2014 Production Guidance: Continuing Operations Annual Planned Turnarounds Major Turnarounds 2Q14 J-Area 3Q14 Prudhoe Bay Surmont Britannia Area East Irish Sea Southern North Sea Bayu-Undan 1Q14 2Q14 3Q14 4Q14 FY14…
What to Watch in 2014 Major project startups expected at Gumusut, Foster Creek Phase F, Kebabangan and Britannia LTC Growing production in Eagle Ford, Bakken and Permian Pilot testing and appraisal in the Lower 48 unconventionals…
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