Annual Report/10-K

Newfield ended the year as one of the best performing stocks in both the broader market and within the E&P peer group. The Company's share price increased 20% over the year, compared to a nearly 30% average decline experienced by its Total Shareholder Return (TSR) peer group. Newfield differentiated itself in the industry in 2015 through:

Financial Strength. Proactive early steps ensured a strong capital structure; a solid hedge portfolio and high-graded investments helped manage the collapse in commodity prices.

Execution. Strong results were delivered across the Company with every region achieving or exceeding key operational targets on production volumes, costs and expenses.

SCOOP and STACK. Confidence in the Anadarko Basin resource and quality of inventory coupled with improved well performance, lower well costs and completion optimizations enabled the Company to significantly increase both production and reserves.

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