Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 8 Key Information 8 Company Overview 8 Newfield Exploration Company, Valuation and Financial Data 9 Newfield Exploration Company, Share Price Performance 9 Share Price Performance, Q4, 2014-Q4, 2015 9 Newfield Exploration Company, Key Valuation Metrics 10 Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Newfield Exploration Company, Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q4, 2014-Q4, 2015 11 Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2014-Q4, 2015 12 Newfield Exploration Company, Quarterly E&P Costs Trends 13 Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 Newfield Exploration Company, Quarterly Production Trends 14 Newfield Exploration Company, Total Oil and Gas Production 14 Total Crude Oil and Natural Gas Production Trend, Q4, 2014-Q4, 2015 14 Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 15 Newfield Exploration Company, Crude Oil Production 16 Total Crude Oil Production Trend, Q4, 2014-Q4, 2015 16 Crude Oil Production, By Country/Region, Q4, 2014-Q4, 2015 17 Newfield Exploration Company, Natural Gas Production 18 Total Natural Gas Production Trend, Q4, 2014-Q4, 2015 18 Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 19 Newfield Exploration Company, Valuation and Financial Data, 2011-2015 20 Newfield Exploration Company, Share Price Performance, 2011-2015 20 Share Price Performance, 2011-2015 20 Key Valuation Metrics, 2011-2015 21 Newfield Exploration Company, Production and Reserves Trends 22 Total Oil and Gas, Reserves and Production 22 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26 Crude Oil/Liquids Production and Reserve 27 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27 Crude Oil Production and Reserves By Country/Region, 2011-2015 28 Crude Oil/Liquids Reserve Changes, 2011-2015 30 Natural Gas Production and Reserve 31 Natural Gas Production and Reserve Trend, 2011-2015 31 Natural Gas Production and Reserves, By Country/Region, 2011-2015 32 Natural Gas Reserve Changes, 2011-2015 34 Total Crude Oil and Natural Gas Reserves Life Index 35 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36 Newfield Exploration Company, E&P Costs Trends 38 Allocation of the Upstream Capital Expenditure 38 Upstream Capital Expenditure, 2011-2015 38 Acquisition Costs By Country/Region, 2011-2015 39 Exploration and Development Costs, By Country/Region, 2011-2015 41 Oil and Gas Cost Per boe, US$/boe 43 Oil and Gas Cost Per boe, US$/boe, 2011-2015 43 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 45 Newfield Exploration Company, Reserve Replacement Ratio 47 Oil and Gas Production Replacement Ratio 47 Oil and Gas Production Replacement Ratio, 2011-2015 47 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 49 Newfield Exploration Company, Results of Oil & Gas Operations Trend 53 Oil and Gas Revenue and Expenses 53 Oil and Gas Revenue and Expenses, 2011-2015 53 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 54 Oil and Gas Revenue and Expenses, Per boe 59 Oil and Gas Revenue and Expenses, By boe, 2011-2015 59 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 60 Oil and Gas Performance Metrics 64 Newfield Exploration Company, Land Holdings and Well Data 65 Developed and Undeveloped Acreage 65 Gross and Net Developed and Undeveloped Acreage, 2011-2015 65 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 66 Well Statistics 69 Producible Oil and Gas Well, 2011-2015 69 Producible Oil and Gas Well, By Country/Region, 2011-2015 70 Exploration and Development Wells Drilled, 2011-2015 75 Exploration and Development Wells Drilled, By Country/Region, 2011-2015 76 Recent Developments 78 Newfield Exploration Company - Recent Developments 78 Feb 24, 2016: Newfield Exploration Outlines 2016 Capital Investment Plan 78 Feb 24, 2016: Newfield Exploration Reports Results for Fourth Quarter and Full-Year 2015 79 Nov 03, 2015: Newfield Exploration Reports Third Quarter 2015 Results 80 Oct 26, 2015: Newfield Exploration Company Announces Resignation Of Director 81 Aug 04, 2015: Newfield Exploration Reports Second Quarter 2015 Results 81 Jul 28, 2015: Newfield Exploration Company Announces Appointment Of Roger B. Plank And James Kent Wells To Board Of Directors 82 May 05, 2015: Newfield Exploration Reports First Quarter 2015 Results 83 Apr 29, 2015: Newfield Exploration Reorganizes Regional Operating Units 83 Feb 24, 2015: Newfield Exploration Provides 2015 Capital Investment And Production Outlook 84 Feb 24, 2015: Newfield Exploration Reports Fourth Quarter And Full-Year 2014 Results 85 Appendix 88 Methodology 88 Coverage 88 Secondary Research 88 Primary Research 88 Data Information Sources 89 Company Source 89 SEC/Other Regulatory Filings 89 Other Sources 89 Expert Panel Validation 89 Data Definition 89 Oil and Gas Reserves 89 Units of Measure 90 About GlobalData 90 Disclosure 90 Disclaimer 90

List of Tables Table 1: Newfield Exploration Company, Key Facts 8 Table 2: Newfield Exploration Company, Share Price Performance, Q4, 2014-Q4, 2015 9 Table 3: Newfield Exploration Company, Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Table 4: Newfield Exploration Company, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Table 5: Newfield Exploration Company, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2014-Q4, 2015 12 Table 6: Newfield Exploration Company, Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 Table 7: Newfield Exploration Company, Total Crude Oil and Natural Gas, Production, Q4, 2014-Q4, 2015 14 Table 8: Newfield Exploration Company, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Table 9: Newfield Exploration Company, Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Table 10: Newfield Exploration Company, Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Table 11: Newfield Exploration Company, Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Table 12: Newfield Exploration Company, Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Table 13: Newfield Exploration Company, Share Price Performance, 2011-2015 20 Table 14: Newfield Exploration Company, Key Valuation Metrics, 2011-2015 21 Table 15: Newfield Exploration Company, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23 Table 16: Newfield Exploration Company, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25 Table 17: Newfield Exploration Company, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26 Table 18: Newfield Exploration Company, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Table 19: Newfield Exploration Company, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29 Table 20: Newfield Exploration Company, Crude Oil Reserve Changes, mmbbl, 2011-2015 30 Table 21: Newfield Exploration Company, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Table 22: Newfield Exploration Company, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33 Table 23: Newfield Exploration Company, Natural Gas Reserve Changes, bcf, 2011-2015 34 Table 24: Newfield Exploration Company, Oil and Gas Reserves Life Index, Years, 2011-2015 35 Table 25: Newfield Exploration Company, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37 Table 26: Newfield Exploration Company, Upstream Capital Expenditure, US$ mil, 2011-2015 38 Table 27: Newfield Exploration Company, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40 Table 28: Newfield Exploration Company, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 42 Table 29: Newfield Exploration Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 44 Table 30: Newfield Exploration Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 46 Table 31: Newfield Exploration Company, Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Table 32: Newfield Exploration Company, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 52 Table 33: Newfield Exploration Company, Revenue and Expenses, US$ mil, 2011-2015 53 Table 34: Newfield Exploration Company, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57 Table 35: Newfield Exploration Company, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59 Table 36: Newfield Exploration Company, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 63 Table 37: Newfield Exploration Company, Oil and Gas Performance Metrics, 2011-2015 64 Table 38: Newfield Exploration Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 65 Table 39: Newfield Exploration Company, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 68 Table 40: Newfield Exploration Company, Producible Oil and Gas Wells, 2011-2015 69 Table 41: Newfield Exploration Company, Producible Oil and Gas Wells, By Country/Region, 2011-2015 73 Table 42: Newfield Exploration Company, Exploratory and Developed Wells, 2011-2015 75 Table 43: Newfield Exploration Company, Exploratory and Developed Wells, By Country/Region, 2011-2015 76 List of Figures Figure 1: Newfield Exploration Company, Share Price Performance, USD/Share, Q4, 2014-Q4, 2015 9 Figure 2: Newfield Exploration Company, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2014-Q4, 2015 10 Figure 3: Newfield Exploration Company, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Figure 4: Newfield Exploration Company, Upstream Capital Expenditure, US$ mil, Q4, 2014-Q4, 2015 13 Figure 5: Newfield Exploration Company, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2014-Q4, 2015 14 Figure 6: Newfield Exploration Company, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Figure 7: Newfield Exploration Company, Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Figure 8: Newfield Exploration Company, Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Figure 9: Newfield Exploration Company, Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Figure 10: Newfield Exploration Company, Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Figure 11: Newfield Exploration Company, Share Price Performance, USD/Share, 2011-2015 20 Figure 12: Newfield Exploration Company, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21 Figure 13: Newfield Exploration Company, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22 Figure 14: Newfield Exploration Company, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24 Figure 15: Newfield Exploration Company, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24 Figure 16: Newfield Exploration Company, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26 Figure 17: Newfield Exploration Company, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Figure 18: Newfield Exploration Company, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28 Figure 19: Newfield Exploration Company, Oil Production, By Country/Region, mmbbl, 2011-2015 28 Figure 20: Newfield Exploration Company, Crude Oil Reserve Changes, mmbbl, 2015 30 Figure 21: Newfield Exploration Company, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Figure 22: Newfield Exploration Company, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32 Figure 23: Newfield Exploration Company, Gas Production, By Country/Region, bcf, 2011-2015 32 Figure 24: Newfield Exploration Company, Natural Gas Reserve Changes, bcf, 2015 34 Figure 25: Newfield Exploration Company, Oil and Gas Reserves Life Index, Years, 2011-2015 35 Figure 26: Newfield Exploration Company, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 27: Newfield Exploration Company, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 28: Newfield Exploration Company, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37 Figure 29: Newfield Exploration Company, Upstream Capital Expenditure, US$ mil, 2011-2015 38 Figure 30: Newfield Exploration Company, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 31: Newfield Exploration Company, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 32: Newfield Exploration Company, Development Costs, By Country/Region, US$ mil, 2011-2015 41 Figure 33: Newfield Exploration Company, Exploration Costs, By Country/Region, US$ mil, 2011-2015 41 Figure 34: Newfield Exploration Company, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Figure 35: Newfield Exploration Company, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45 Figure 36: Newfield Exploration Company, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45 Figure 37: Newfield Exploration Company, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 46 Figure 38: Newfield Exploration Company, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Figure 39: Newfield Exploration Company, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49 Figure 40: Newfield Exploration Company, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49 Figure 41: Newfield Exploration Company, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 50 Figure 42: Newfield Exploration Company, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 50 Figure 43: Newfield Exploration Company, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 51 Figure 44: Newfield Exploration Company, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 51 Figure 45: Newfield Exploration Company, Revenue and Expenses, US$ mil, 2011-2015 53 Figure 46: Newfield Exploration Company, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 47: Newfield Exploration Company, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 48: Newfield Exploration Company, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 49: Newfield Exploration Company, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55 Figure 50: Newfield Exploration Company, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 51: Newfield Exploration Company, Production Costs, By Country/Region, US$ mil, 2011-2015 56 Figure 52: Newfield Exploration Company, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57 Figure 53: Newfield Exploration Company, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59 Figure 54: Newfield Exploration Company, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 55: Newfield Exploration Company, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 56: Newfield Exploration Company, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 57: Newfield Exploration Company, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 58: Newfield Exploration Company, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 62 Figure 59: Newfield Exploration Company, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 62 Figure 60: Newfield Exploration Company, Oil and Gas Performance Metrics, 2011-2015 64 Figure 61: Newfield Exploration Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 65 Figure 62: Newfield Exploration Company, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 66 Figure 63: Newfield Exploration Company, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 66 Figure 64: Newfield Exploration Company, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 67 Figure 65: Newfield Exploration Company, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 67 Figure 66: Newfield Exploration Company, Producible Oil and Gas Wells, 2011-2015 69 Figure 67: Newfield Exploration Company, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 68: Newfield Exploration Company, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 69: Newfield Exploration Company, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 71 Figure 70: Newfield Exploration Company, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 71 Figure 71: Newfield Exploration Company, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 72 Figure 72: Newfield Exploration Company, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 72 Figure 73: Newfield Exploration Company, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 73 Figure 74: Newfield Exploration Company, Exploratory and Developed Wells, 2011-2015 75