Exhibit 99.2

Apco 2nd Quarter Operational Update Argentina — Development drilling results meeting expectations — Actively investigating Vaca Muerta formation in the Neuquen basin Colombia — Drilled Maniceno #1 well in Llanos 32 block; commenced production in early July and has since produced at an average rate of 2,400 Bopd — Have drilled Samaria Norte exploration well, also in Llanos 32, and have encountered potential pays in three separate formations that require testing — Have completed seismic acquisition in the Llanos 40 block and expect to commence drilling in early 2013 WPX 2nd Quarter Operational Update - Aug. 2, 2012 19 Argentina Neuquen Basin (Vaca Muerta Acreage) — Entre Lomas 96,000 net acres — Bajada del Palo 59,000 net acres — Agua Amarga 37,000 net acres — Coiron Amargo 45,000 net acres — Charco del Palenque 12,000 net acres Total 249,000 net acres Other — Acambuco: 4,000 net acres — TDF Concessions (Rio Cullen, Las Violetas, Angostura): 120,000 net acres — Sur Rio Deseado Este: 58,000 net acres Colombia — Llanos 32: 22,000 net acres — Llanos 40: 82,000 net acres — Turpial: 50,000 net acres

2011 2012 Dollars in millions 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2ND Qtr 3rd Qtr Revenues: Product revenues: Natural gas sales $ 4 $ 4 $ 4 $ 4 $ 16 $ 4 $ 5 $ 9 Natural gas liquid sales 1 1 1 1 4 1 1 2 Oil and condensate sales 18 20 22 26 86 26 27 53 Total product revenues 23 25 27 31 106 31 33 64 Gas management Net gains on derivatives not designated as hedges and hedge ineffectiveness Other 1 1 1 1 4 - 1 1 Total revenues 24 26 28 32 110 31 34 65 Costs and expenses: Lease and facility operating 5 6 7 9 27 6 7 13 Gathering, processing and transportation Taxes other than income 3 6 6 6 21 5 7 12 Gas management, including charges for unutilized pipeline capacity Exploration 1 1 - 1 3 5 3 8 Depreciation, depletion and amortization 5 5 6 6 22 6 6 12 Impairment of producing properties and costs of acquired unproved reserves General and administrative 3 2 3 4 12 3 3 6 Other - net 1 - 1 1 3 - (2) (2) Total costs and expenses 18 20 23 27 88 25 24 49 Operating income (loss) 6 6 5 5 22 6 10 16 Interest expense Interest capitalized Investment income and other 5 4 5 6 20 8 8 16 Income (loss) from continuing operations before income taxes $ 11 $ 10 $ 10 $ 11 $ 42 $ 14 $ 18 $ 32 Summary of Net Production Volumes (1) Natural gas (MMcf) 1,826 1,940 1,726 1,896 7,389 1,737 1,726 3,463 Natural gas liquids (MBbls) 44 47 55 37 183 45 44 89 Oil (MBbls) 473 509 529 542 2,054 507 562 1,070 Combined equivalent volumes (Mmcfe) (2) 4,926 5,280 5,231 5,373 20,810 5,052 5,362 10,414 (1) Reflects approximately 69 percent of Apco’s production (which corresponds to our ownership interest in Apco) and other minor directly held interests. (2) Oil and natural gas liquids were converted to MMcfe using the ratio of one barrel of oil, condensate or natural gas liquids to six thousand cubic feet of natural gas. WPX 2nd Quarter Operational Update - Aug. 2, 2012 53 International Statement of Operations (Unaudited)