OXYCHEM Market Analysis and Guidance
FINANCIAL INFORMATION
CASH FLOW SENSITIVITIES
OIL & GAS
Annualized cash flow changes $225 MM per $1.00 /
bbl change in oil prices
о
о
~$205 MM per $1.00 bbl change in WTI price
~$20 MM per $1.00 bbl change in Brent price
Annualized cash flow changes ~$170 MM per $0.50/
MMBtu change in natural gas prices
• Production changes ~400 boed per $1.00 bbl change
in Brent prices¹
MIDSTREAM & MARKETING
.
●
Annualized cash flow changes -$65 MM per $0.25/bbl
change in Midland to MEH spread
о
。 ~35-day lag due to trade month
Annualized cash flow changes $35 MM per $0.10/
MMbtu change in Waha to HSC spread
OXYCHEM
• Annualized cash flow changes ~$30 MM per $10 / ton
change in realized caustic soda prices
•
Annualized cash flow changes $10 MM per $10 / ton
change in chlorine prices²
•
Annualized cash flow changes ~$30 MM per $0.01 / lb.
change in PVC prices²
NOTE: ALL CASH FLOW SENSITIVITIES ARE PRE-TAX AND RELATE TO EXPECTED 2023 PRODUCTION AND OPERATING LEVELS; HOUSTON SHIP CHANNEL (HSC)
1BASED ON CHANGE FROM $79 BRENT 2REFLECTS COMMODITY PRICE MOVEMENTS ONLY, NOT ACCOUNTING FOR CHANGES IN RAW MATERIAL INPUT COSTS
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