Resilient Value Proposition Foster Creek Growth and returns with a competitive dividend Well positioned for current environment Announced 2015 capital budget of 13.5 B Exploration & Appraisal Exploration & Appraisal Major…
Unmatched Position Today 1,473 MBOED Production1 3Q14 North Liquids Diversified asset base with scope and scale American 25% Gas Multiple sources of growth LNG + 57% International 18% Massive positions in key resource trends Gas…
Committed to Shareholder Returns Dividend Yield Competitive dividend is appropriate and remains key to our value proposition Highest priority use of cash 4.2% Enhances capital discipline Predictable portion of shareholder…
The Power of Portfolio: Margins, Decline Rates and Returns Low Margins High Margins Highest Margins North American Short-cycle cash flow Higher Unconventionals Avoid over capitalizing Increases capital intensity of…
North American Unconventionals: Unmatched Portfolio and Capabilities Montney Duvernay Great positions in proven and emerging plays Eagle Ford and Bakken sweet spots Bakken Exceptional growth in high-margin resource base Niobrara…
Eagle Ford: Acreage in Heart of the Sweet Spot Thermal Maturity Pressure & Thickness A B TEXAS GONZALES WILSON LAVACA ConocoPhillips A Acreage DE WITT ATASCOSA KARNES B Maturity FRIO Sweet Spot ConocoPhillips Acreage Dry Gas…
Eagle Ford: Premium Value from Best Wells in the Play 250 Highest Oil Rates per Well1 60 Industry-Leading Value2 50 200 Gross Operated Production (BPD) 40 NPV10 per Acre (M) 150 30 100 20 50 10 0 0…
Eagle Ford: Value-Driven Approach to Well Density, Considerable Upside 2013 2014 Transition to High/Low Evaluating Further Upside Lower Eagle Ford 80-acre1 Single Layer Lower Eagle Ford 80-acre1 High/Low Lower Eagle Ford 40-acre2 1.8…
Scientific Piloting: Accelerating Pace of Learning Pressure Monitoring Instrumented Wells Logging and Coring Stimulated Rock Volume Producer Post-Stimulation Pilot Well Cored Section Pre-Stimulation Pilot Well Map View…
Eagle Ford: Value-Driven Approach to Fracture Stimulation Design Optimizing Proppant Density Extensive pilot testing to verify stimulation models 40% Constantly enhancing fracture stimulation design EUR Increase 30% 30%…
Bakken: Advantaged Position in the Heart of the Trend Montana North Dakota Bakken Acreage Values by Area (NPV10 per Acre)1 VALLEY ROOSEVELT WILLIAMS MOUNTRAIL Nesson Anticline Anticline Parshall-Sanish Fort Berthold Williams Core…
Bakken: Optimal Well Spacing and Placement Current Testing Tighter Spacing Evaluating Further Upside 320-acre1 in Bakken/ 160-acre2 in Bakken/ Additional Wells in Upper Three Forks Upper Three Forks Middle Three Forks 11,320…
Unconventional Reservoir Technology and Knowledge Sharing ConocoPhillips Google ConocoPhillips Current Avg. Completion Design Apple Cumulative Production IBM 350% Facebook Microsoft Avg. Amazon Initial Design…
2015: Testing Global Portfolio Norway Greenland Barents Chukchi NPR-A Muskwa UK & Norway Montney North Sea Poland Baltic Basin Nova Scotia Azerbaijan China Niobrara Bohai Delaware Gulf of Mexico Bangladesh Senegal…
Resilient Value Proposition Foster Creek Growth and returns with a competitive dividend Well positioned for current environment Announced 2015 capital budget of 13.5 B Exploration & Appraisal Exploration & Appraisal Major…
Annualized Net Income Sensitivities Crude Brent/ANS: 80-90MM change for 1/BBL change WTI: 35-40MM change for 1/BBL change WCS: 30-40MM change for 1/BBL change North American NGL Representative blend: 10-15MM change for 1/BBL…
Meeting Our Growth Targets 4% PRODUCTION Full-Year Guidance on GROWTH1 Track Actual Actual 3Q14 vs. 4Q14 Drivers Actual Major turnarounds completed in 3Q14 Major project ramp Value-driven ethane rejection 1Q14 2Q14…
Margin Class Categorization North American International North American North American Unconventionals LNG Oil Sands Oil & Gas Conventional Oil Gas Bakken AKLNG Christina Lake China Alaska North Slope Lobo Barnett APLNG Foster Creek…
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