Businesses across all industries are facing increasing scrutiny from stakeholders related to their ESG practices. Businesses that do not adapt to or comply with investor or stakeholder expectations and standards, which are continuing to evolve, or businesses that are perceived to have not responded appropriately to the growing concern for ESG issues, regardless of whether there is a legal requirement to do so, may suffer from reputational damage and the business, financial condition, and/or stock price of s ...

Chord Energy Corporation (NASDAQ:CHRD) Q4 2022 Results Conference Call February 23, 2023 11:00 AM ET Company Participants Michael Lou - Chief Financial Officer Danny Brown - President and Chief Executive Officer Chip Rimer - Chief Operating Officer Conference Call Participants Derrick Whitfield - Stifel Neal Dingmann - Truist Securities Phillips Johnston - Capital One John Abbott - Bank of America Paul Diamond - Citi Operator Good day, and welcome to the Chord Energy Fourth Quarter 2022 Earnings Conference ...

November 2, 2022 Stronger Together Positioned for Value Creation Chord Energy Chord (noun) /kord/ ̂ 1. A straight line joining two points on a curve 2. Musical notes played in unison to produce harmony Striking a new chord and creating a new harmony in the industry. Chord Energy combines complementary, high-quality assets and outstanding talent and operational practices. The companies were already strategically like-minded and culturally aligned, so as Chord Energy, we are ideally positioned to enhance retu ...

Chord Energy Corporation (NASDAQ:CHRD) Q3 2022 Earnings Conference Call November 3, 2022 11:00 AM ET Company Participants Michael Lou – Chief Financial Officer Danny Brown – President and Chief Executive Officer Chip Rimer – Chief Operating Officer Conference Call Participants Scott Hanold – RBC Capital Markets Derrick Whitfield – Stifel Patrick Enright – Truist Securities Phillips Johnston – Capital One David Deckelbaum – Cowen Paul Diamond – Citi Operator Good day, everyone and welcome to the Chord Energy ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-34776 | --- | --- | |------------------------------------------------------------------------------------------------- ...

Financial Data and Key Metrics Changes - Chord Energy reported pro-forma volumes of 158,600 barrels of oil equivalent per day, at the high end of the previously provided range [31] - Pro forma free cash flow exceeded $300 million in the second quarter [34] - The company updated its full year 2022 capital budget range to $730 million to $760 million, reflecting increased service pricing and expected completion activity [25] Business Line Data and Key Metrics Changes - The company identified over $100 million per year of merger synergies expected to be realized over time [15] - Cash G&A expense was $32.6 million, with $23.6 million excluding merger-related costs [34] - The average lease operating expense (LOE) was $10.06 per BOE, with expectations for a decrease in the second half of the year [32] Market Data and Key Metrics Changes - Crude and gas realizations were strong in the second quarter, with markets remaining tight around the Williston area [31] - Production taxes were approximately 7.4% of oil and gas revenue, with guidance for the third quarter reflecting an increase to 7.7% to 8.1% due to recent tax changes [33] Company Strategy and Development Direction - The company is committed to a return of capital strategy, planning to pay out 75% or more of free cash flow when projected normalized leverage is below 0.5 times EBITDA [17] - A base dividend was increased to $1.25 per share per quarter, representing an increase of over 100% [19] - The company remains focused on ESG initiatives, increasing transparency and committing to sustainable operations [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in operational performance despite challenges from severe weather and merger integration [22] - The company anticipates good uptime and outperformance across recent well completions, leading to an updated guidance above initial expectations [24] - Management emphasized the importance of maintaining a strong balance sheet while being open to future consolidation opportunities [50] Other Important Information - The company has a new repurchase authorization for $300 million, in addition to $125 million already repurchased [21] - Chord Energy has $400 million of senior unsecured notes due in June 2026, with recent upgrades in debt ratings from Moody's and S&P [35] Q&A Session Summary Question: Can you elaborate on the primary drivers of the announced increase in PV10 synergies from the merger? - Management indicated that the integration process has allowed for a thorough review of operations, leading to improvements across various categories [41][42] Question: What is the company's appetite for further industry consolidation? - Management remains open to examining further consolidation opportunities while focusing on the integration of the current merger [50] Question: How sustainable is the high payout ratio over time? - Management believes the company has significant inventory depth and is confident in maintaining a strong balance sheet while returning capital to shareholders [53][57] Question: What are the implications of the capital program for 2023? - Management indicated a maintenance to maintenance-plus program for 2023, with low levels of growth expected [64][67] Question: How does the company plan to balance cash flow returns with potential M&A opportunities? - Management emphasized the flexibility afforded by a strong balance sheet, allowing for opportunistic actions without the need to build a large cash balance [74]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-34776 | --- | --- | |------------------------------------------------------------------------------------------------------ ...

May 4, 2022 Whiting & Oasis Strategic Merger Of Equals Important Disclosures 2 No Offer or Solicitation Communications in this investor presentation do not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any securities or a solicitation of any vote or approval with respect to the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registr ...

Oasis Petroleum, Inc. (OAS) Q1 2022 Earnings Conference Call May 5, 2022 11:00 AM ET Company Participants Michael Lou - Chief Financial Officer and Executive Vice President Daniel Brown - Chief Executive Officer Taylor Reid - President and Chief Operating Officer Conference Call Participants Derrick Whitfield - Stifel Financial Corp Jordan Levy - Truist Securities Noel Parks - Tuohy Brothers Operator Good day and welcome to the Oasis Petroleum First Quarter Earnings Results Conference Call. All participants ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-34776 Oasis Petroleum Inc. (Exact name of registrant as specified in its charter) Delaware 80-0554627 (State or other juri ...