COMPARISON OF SHAREHOLDER RETURN
The following graphs compare the cumulative total shareholder return on our common
stock with the cumulative return of (i) the S&P Mid-cap 400, and (ii) a peer group
consisting of Cabot Oil & Gas Corporation, Chesapeake Energy Corporation, Cimarex
Energy Co., Denbury Resources Inc., EOG Resources, Inc., Forest Oil Corporation,
Newfield Exploration Company, Noble Energy, Inc., Pioneer Natural Resources Company,
Range Resources Corporation, SandRidge Energy, Inc. and Ultra Petroleum Corp.
The following graphs cover the period from December 18, 2002, the date PXP’s
common stock started trading, through March 15, 2012, as well as a 5-year and 3-year
time period. Each graph assumes that $100 was invested on the beginning date noted
on the graph and that any dividends were reinvested. No dividends have been declared
or paid on PXP’s common stock. Shareholder returns over the periods indicated should
not be considered indicative of future shareholder returns.
The information contained in the graphs shall not be deemed “soliciting material” or
to be “filed” with the Securities and Exchange Commission, nor shall such information
be incorporated by reference into any future filing under the Securities Act or the
Exchange Act, except to the extent that PXP specifically incorporates it by reference
into such filing.
2011 ANNUAL REPORT
COMPARISON OF CUMULATIVE TOTAL RETURN SINCE INCEPTION
COMPARISON OF CUMULATIVE THREE YEAR TOTAL RETURN
$200
$150
$100
$50
$0
12/31
2008
12/31
2009
12/31
2010
12/31
2011
03/15
2012
COMPARISON OF CUMULATIVE FIVE YEAR TOTAL RETURN
$200
$150
$100
$50
$0
12/31
2008
12/31
2007
12/31
2006
12/31
2009
12/31
2010
12/31
2011
03/15
2012
$200
$300
$400
$500
$600
$700
$100
$0
12/18
2002
12/31
2005
12/31
2004
12/31
2003
12/31
2002
12/31
2008
12/31
2007
12/31
2006
12/31
2009
12/31
2011
12/31
2010
03/15
2012
Plains Exploration & Production Company
S&P MidCap 400 Index
Peer Group
Plains Exploration & Production Company
S&P MidCap 400 Index
Peer Group
Plains Exploration & Production Company
S&P MidCap 400 Index
Peer Group