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1Q 2020 RESULTS

Presenters: Rick Muncrief, Clay Gaspar, Kevin Vann
Details: Thursday, May 7
Webcast Replay: (click here)
Webcast Transcript: (click here)
Slide Deck: (click here)
Press Release:
(click here)

Says WPX CEO Rick Muncrief:

“In these unprecedented times, we’re acutely focused on keeping our employees healthy, protecting our cash flow and preserving our assets for future value creation.

“Our financial position is solid as evidenced by banks and lenders who recently reaffirmed our credit facility, along with the ratings agencies who reaffirmed our credit ratings in the last few weeks.

“Our experienced team also has taken numerous measures to reduce capital, expenses and the flow of our volumes in this dislocated market.

“We will continue to maintain the strength of our balance sheet and remain disciplined in our approach to the present challenges. Nothing is easy right now, but re-balancing supply with demand will take place over the remainder of the year.

“We remain confident in our long-term plan and I want to thank everyone across WPX for how they’ve adapted to today’s realities, kept the business running, integrated the attractive Felix assets and found numerous ways to help others in need."

OUR 2020 ESG REPORT

We're sharing examples of the steps we take to produce energy safely and responsibly, spotlighting specific risk management activities that may not be widely known.

SEE THE DISCLOSURES


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