National Fuel Gas Company Investor Presentation — May 2020

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Investor Presentation

May 4, 20202National Fuel is committed to the safe and environmentally

conscious development, transportation, storage, and

distribution of natural gas and oil resources.

For additional information, please visit our corporate responsibility website at https:// responsibility.natfuel.com

3A message from David Bauer, President and CEO of National

Fuel Gas Company , on NFG’s COVID -19 response

“As we confront the challenges of the COVID -19 pandemic, I am proud to say that National Fuel

has continued to safely and reliably provide natural gas service to our over 743,000 utility customers in

western New York and northwestern Pennsylvania, operate our extensive network of transportation,

compression and gathering infrastructure, and produce critical natural gas supplies.

The continuity of our operations is a direct result of the dedication and hard work of our over 2,000

employees. During this unprecedented situation, National Fuel has remained committed to our workforce -

the bedrock of our Company -and has not instituted any furloughs or workforce reductions. With a large

portion of our employees now working remotely, we have implemented a number of initiatives to provide the

flexibility needed to address this new normal, including additional paid time off to address child care needs,

and encouraging the use of alternative work schedules.

With respect to our in-field workforce and customer service representatives, all of whom provide

essential services to our communities each and every day, we have adopted appropriate social distancing

measures and have provided necessary personal protective equipment in line with directives from federal,