Newfield Exploration Co., founded in 1988 and headquartered in Houston, Texas, is an independent oil and natural gas exploration and production company. The company focuses on discovering, developing, and producing crude oil and natural gas reserves primarily in the United States.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NFX 5.38% 2026-01-01 USDNewfield Exploration Co. | United States | 2026-01-01 | 5.375 | 4.78 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Newfield began issuing bonds in the early 2000s to finance its exploration and production activities, with a notable bond issuance in 2014 that raised $1 billion for debt refinancing and capital expenditures. More recently, its 10-year bonds issued in 2020 offered a yield of 4.25%, competitive within the industry, reflecting the company's stable cash flow and solid operational performance. The company has maintained a proactive approach to managing its debt, with bond covenants that enhance investor confidence, allowing it to capitalize on favorable market conditions.