Domestic Inventory and Well Costs
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 ~$205 MM per $0.50 /
MMBtu change in natural gas prices
• Production changes ~300 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
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
20
NOTE: ALL CASH FLOW SENSITIVITIES ARE PRE-TAX AND RELATE TO EXPECTED 2022 PRODUCTION AND OPERATING LEVELS
1BASED ON CHANGE FROM $95 TO $85 BRENT 2REFLECTS COMMODITY PRICE MOVEMENTS ONLY, NOT ACCOUNTING FOR CHANGES IN RAW MATERIAL INPUT COSTS
OXYView entire presentation