Energizing the World, Bettering Peoples Lives FOURTH QUARTER 2014 SUPPLEMENTAL INFORMATION
4Q Key Messages and Highlights Strong execution in core development programs Exited 2014 with Strong Financial Liquidity and Balance Sheet 14 Percent Volume Increase Over 4Q13 Adjusting for asset divestitures Record onshore U.S.…
2014 Proved Reserves Additions offset production and divested assets 1.4 BBoe Total Proved 58% U.S. / 42% Intl BBoe 2014 Proved Reserves 1.6 31% Liquids 33% U.S. Gas 36% Intl Gas DJ Basin Marcellus Israel West Africa 1.4 1.4…
2015 Key Messages and Strategy Strength in any environment Leverage Benefits of a Well-Positioned and Diversified Portfolio Premier, low-cost asset base with optionality Protect Balance Sheet and Financial Liquidity Disciplined…
2015 Capital Program Disciplined and prudent investment approach Progress Core Onshore Unconventional 2.9 Billion Capex Programs 295 315 MBoe/d Volumes Focus on best return areas and maximize existing DJ Basin Program facility…
2015 Sales Volume Expectations Modest growth with significantly reduced capital MBoe/d 2015 Midpoint Growth Estimated at 5%* 325 295 - 315 300 298 291 275 250 225 2014 Non-Core 2014 West Africa GOM DJ Basin…
Financial Position 2015 plans focused on maintaining strength 5.2 Billion of Liquidity* 1.2 B cash MM Well Managed Maturity Profile 4.0 B undrawn revolver 4,000 Net Debt-to-Capital: 31% 3,000 Investment Grade (IG) Rating with…
Commodity Hedging Positions Increasing cash flow predictability and protecting value Crude Oil Hedges Avg. Avg. Avg. Avg. Fixed Year Bo/d Short Floor Ceiling Price Projected Future Hedge Put Price Price Price MM Settlements **…