2016 Ends With Strong 4th Quarter Performance

Record of Building Shareholder Value Endures

Miami Composite Default Rate in December is at 30-month High

Price Outlook Bearish Ahead of Chinese New Year, Steel Output Seen As Stable

- Q4 2016 indicated payments increased by $8.9 billion

First Fall in 7 Months, to 32.85 mil b/d on Nigeria, Saudi decline

- Companies spent $112.2 billion on share repurchases in Q3 2016, down 12.0% from Q2 2016 ($127.5 billion) and down 25.5% from Q3 2015 ($150.6 billion)

Miami Consistently Has Highest Composite Default Rate in 2016

Dual Win for U.S.-based Southern Company: "Energy Company of the Year," "Strategic Deal of the Year"

Platts Well Economic Analyzer Forecasts 23%-40% IRR for Permian Delaware; 20%-35% for Permian Midland

Session will be Webcast

Anonymized ICE Data to Further Underpin Platts Natural Gas Indices

Four of the Five Cities Report Default Rate Increases in October 2016

Advance Estimates Suggest a 2H October Cane Crush of 31.45 Million MT in Brazil's Center-South;

Actual Demand Likely Higher as Underreporting Tends to Skew Official Production Data

Up 300,000 Barrels per Day from September and 5th Consecutive Monthly Increase

Revenue Increased 9%