Newfield Exploration Company - Strategy
We are guided by our Founding Business Principles. These Principles are the reason behind our success and were used as we established new focus areas.
The elements of our growth strategy have remained substantially unchanged since our founding and consist of:
- Balancing our efforts among exploration, the acquisition of proved reserves and the development of proved properties;
- Growing reserves through the drilling of a balanced risk/reward portfolio;
- Focusing on select geographic areas;
- Controlling operations and costs;
- Using 3-D seismic data and other advanced technologies; and
- Attracting and retaining a quality workforce through equity ownership and other performance-based incentives.