Investor Presentaiton
KEY MESSAGES
2019 Priorities
•
•
.
Rapid and successful integration of Newfield
o Achieve run rate synergies in H2 2019
o Immediately deploy cube development model to Anadarko
Generate free cash flow
○ Free cash flow³ prioritized over production growth
o Responsive 2019 program based on market conditions
Commitment to return cash to shareholders in 2019
。 $1.25B share buyback and 25% increase to dividend, following close of
Newfield transaction
。 Funded with cash on hand
Disciplined capital allocation
。 ~3/4 of 2019 capital to 3 core growth assets
。 Optimize free cash flow and liquids production from other assets
Strong balance sheet
。 Leverage remains within target range
F Non-GAAP measures defined in advisories. For additional information regarding non-GAAP measures see the Company's website
$
St
0000
$1.25 BILLION
SHARE REPURCHASE PROGRAM IN 2019
25% INCREASE
IN QUARTERLY CASH DIVIDEND
STRONG
BALANCE SHEET
LEVERAGE WITHIN TARGET RANGE
7
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