Skip to main content 2014 Q3 Earnings Deck – Marathon Oil Corp Investor Presentation | Shale Experts
Loading...
Pm

2014 Q3 Earnings Deck – Marathon Oil Corp

Marathon Oil Corp · Nov 3, 2014 · 34 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 1
    Third Quarter 2014 Earnings Review November 3, 2014
  2. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 2
    Strong 3Q Operational Performance U.S. Resource Plays Deliver 40% Year Over Year Growth High quality U.S. resource plays deliver strong production growth 43% year-over-year; 13% quarter-over-quarter Eagle Ford brings record 87 gross…
  3. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 3
    U.S. Resource Plays Over Half of E&P Production Mix Predictable Execution Delivering Consistent Growth Eagle Ford, Bakken & Oklahoma Unconventional Available for Sale Volumes 250,000 200,000 192,000 170,000 150,000 134,000…
  4. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 4
    Production Growth Offset by Lower Price Realizations Earnings Per Share Adjusted Net Income* per Diluted Share Net Income per Diluted Share 1.00 1.00 0.89 0.90 0.87 0.90 0.76 0.80 0.80 0.80 0.80 0.24 0.27 0.70 0.70 0.24 0.64…
  5. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 5
    North America E&P Relative Contribution Growing Segment Earnings North America E&P International E&P Oil Sands Mining 350 350 350 302 292 300 300 300 242 250 250 250 MM MM MM 200 200 192 200 160 150 150 150…
  6. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 6
    Capital Program Underpinned by Strong Operating Cash Flows Cash Flow and Cash Capital Expenditures Net Cash Provided by Operations Cash Capital Expenditures 5,000 5,000 4,500 4,332 4,500 4,041 3,995 4,000 4,000 3,818 856 356…
  7. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 7
    Eagle Ford Executing with Confidence Record 87 Wells to Sales in Quarter Production averaged 117,000 net BOED; increased Eagle Ford Production Volumes 43% over 3Q 2013 and 15% over prior quarter 140 120 Enhanced completion design…
  8. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 8
    Bakken Shifting Up a Gear More than 30% of enhanced completion pilots on-line Bakken Production Volumes Production averaged 56,000 net BOED; 60 increased 47% over 3Q 2013 and 12% over prior quarter 50 40 Pace of Bakken wells to…
  9. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 9
    Oklahoma Resource Basins Moving to Scale Continuing to build acreage position and adding rig capacity ORB Production Volumes Production averaged 19,000 net BOED; 20 increased 27% over 3Q 2013 15 6 gross operated wells to sales in 3Q…
  10. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 10
    Resource Plays On Track for 30% Year on Year Growth Deep opportunity set with robust economics 250 Oklahoma Resource Basins Bakken 200 Eagle Ford Available for Sale Net MBOED +13% +10% +7% 150 +7% +8% +2% +16% +29%…
  11. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 11
    Lower 48 Onshore Volumes More Than Doubled Since 1Q2012 Strong liquids bias enhanced over time 300 250 +11% Available for Sale Net MBOED +7% 200 +4% +4% +6% 0% +9% +17% 150 +25% +7% 100 50 0 1Q 2Q 3Q 4Q 1Q 2Q…
  12. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 12
    International Production Delivering Value and Cash Flow Current quarter impacted by planned & unplanned maintenance International Production & Sales Volumes From Continuing Operations excluding Libya Equatorial Guinea 150 Impacted…
  13. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 13
    GOM Exploration Activity Moves Front and Center Conventional Exploration Drilling Schedule 2014 J F M A M J J A S O N D Country Well Q1 Q2 Q3 Q4 Kurdistan Mangesh-1 20%WI TD Testing Kurdistan East Swara Tika-1 20%WI TD…
  14. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 14
    Executing on 2014 Priorities First lap in rear view mirrorgaining momentum On track for 2013-2014 Resource play production growth 30% Eagle Ford executing with confidence Record 87 wells to sales in quarter Austin Chalk co-development…
  15. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 15
    Roadmap to be Recognized as Premier Independent E&P Marathon Oils Seven Strategic Imperatives (SI7) Living Our Values Long-term Shareholder Investing Value in our People Quality and Material Operating Resource and Capital…
  16. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 16
    Appendix
  17. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 17
    Volumes, Exploration Expenses & Effective Tax Rate 2014 (excluding Libya & Discontinued Operations) 1Q 2Q 3Q 4Q Year North America E&P Net Sales Volumes: - Liquid Hydrocarbons (MBD) 163 178 197 - Natural Gas (MMCFD) 300 294 317 -…
  18. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 18
    2014 Estimates Volumes Available for Sale 4QE Available for Sale Estimated LHC Sales Volumes 4QE Year Estimate North America E&P Total (MBOED) 255 267 - Liquid Hydrocarbons (MBD) 202 210 70% - Natural Gas (MMCFD) 320 340…
  19. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 19
    2014 Estimates Exploration Expenses & Annual Production Operating Costs per BOE 4QE Year Estimate Exploration Expenses (Pre-tax): North America E&P ( millions) 75 250 International E&P ( millions) 50 125 Effective Consolidated Tax…
  20. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 20
    Adjusted Income From Continuing Operations 3Q-14 vs. 3Q-13 550 500 50 (86) 450 444 (13) 400 (31) 4 388 20 MM 350 300 250 200 3Q 2013 N.A. E&P Int'l E&P OSM Corp & Other Unallocated 3Q 2014 (After-tax)…
  21. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 21
    Adjusted Income From Continuing Operations 3Q-14 vs. 2Q-14 500 450 423 (10) (54) 38 (21) 29 (17) 400 388 MM 350 300 250 2Q 2014 N.A. E&P Int'l E&P OSM Corp & Other Unallocated 3Q 2014 (After-tax) (After-tax)…
  22. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 22
    North America E&P Segment Earnings 3Q-14 vs. 2Q-14 500 173 (123) 450 400 (59) 350 27 (35) MM 302 300 7 292 250 200 150 100 2Q 2014 Volume Price Variance DD&A Exploration Other Income Taxes 3Q 2014 Variance…
  23. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 23
    N.A. E&P & OSM Crude Oil & Condensate Realizations Price USD/BBL Asset 2Q 2014 3Q 2014 Difference Bakken 93.08 85.28 (7.80) Eagle Ford 99.08 93.51 (5.57) Oklahoma Resource Basins 101.12 93.78 (7.34) All other North America 93.45…
  24. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 24
    International E&P Segment Earnings 3Q-14 vs. 2Q-14 250 200 160 (35) 150 22 (37) (37) MM 20 13 106 100 50 0 2Q 2014 Volume Price Variance DD&A Exploration Other Income Taxes 3Q 2014 Variance (Pre-tax) (Pre-tax)…
  25. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 25
    Oil Sands Mining Segment Earnings 3Q-14 vs. 2Q-14 200 97 (30) 150 (19) MM (7) 9 (12) 100 93 55 50 0 2Q 2014 Volume Price Variance DD&A Operating Other Income Taxes 3Q 2014 Variance (Pre-tax) (Pre-tax) Costs…
  26. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 26
    North America E&P Cost per BOE Trend Continuing to control costs 80 70 60 50 /BOE 40 30 20 10 0 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 Production operating Other Taxes other than income DD&A…
  27. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 27
    International E&P Cost per BOE Trend Includes Libya 30 25 20 /BOE 15 10 5 0 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 Production operating Other Taxes other than income DD&A Exploration We…
  28. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 28
    International E&P Cost per BOE Trend Excludes Libya 30 25 20 /BOE 15 10 5 0 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 Production operating Other Taxes other than income DD&A Exploration We…
  29. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 29
    International E&P Net Methanol and LNG Sales Volumes 8,000 7,302 6,787 6,624 6,579 6,282 6,265 6,000 5,820 MTD 4,000 Methanol LNG 2,000 1,410 1,364 1,250 1,153 980 1,103 973 0 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q…
  30. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 30
    North America & International E&P Segments Volumes, including Libya and excluding Alaska & Discontinued Operations Net production available for sale increased 6% from 2Q 2014 Growth in the North America resource plays Sales volumes…
  31. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 31
    Reconciliation (MM) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Net Income to Adjusted Net Income 2013 2013 2013 2013 2014 2014 2014 2014 Net Income 383 426 569 375 1,149 540 431 Adjustments for special items (net of taxes): Unrealized (gain)/loss…
  32. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 32
    Reconciliation (MM) Income from Continuing Operations to Adjusted Income from Continuing 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Operations 2013 2013 2013 2013 2014 2014 2014 2014 Income from continuing operations 158 241 396 136 398 360 304…
  33. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 33
    Reconciliation (MM) Net Cash Provided by Continuing Operations to Net Cash Provided by Continuing Operations before changes in 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Working Capital 2013 2013 2013 2013 2014 2014 2014 2014 Net cash provided by…
  34. 2014 Q3 Earnings Deck – Marathon Oil Corp – slide 34
    Capital, Investment & Exploration Spending Reconciliation MM 2014 2014 Budget YTD Capital expenditures, 5,669 4,221 including acquisitions M&S Inventory 0 12 Investments in equity method 0 0 investees & others…

From the store

Browse maps, data & reports in the Shale Experts store