A Message from David P. Bauer

President and Chief Executive Officer

Dear Stakeholders,

On behalf of 2,100 National Fuel employees, I am pleased to share this web-based report highlighting a number of our activities and accomplishments that demonstrate our commitment to conducting our business responsibly.

For more than 120 years, National Fuel has been operating safely and responsibly in Western New York and Northwest Pennsylvania. We fuel the daily lives of the families and businesses that call these regions home. Our commitment to responsible business operations is deeply rooted in six guiding principles: Safety, Environmental Stewardship, Community, Innovation, Satisfaction and Transparency. Every day, these principles help guide the planning and execution of our business activities.

As the only remaining vertically integrated natural gas company in the U.S., National Fuel and our dedicated employees are uniquely positioned to act on these commitments and play an important role in our long-term energy future. Like me, they have a vested interest in ensuring that all of our activities promote the health and well-being of our communities, while never compromising safety or the quality of our environment.

As proud as I am of our performance, we are always striving to improve. National Fuel understands that to be here for the next 100-plus years, we must continue to operate our business with the highest levels of integrity and stewardship for the benefit of all of our stakeholders.

Sincerely,

David P. Bauer