Use these links to rapidly review the document TABLE OF CONTENTS 

UNITEDSTATESSECURITIESANDEXCHANGECOMMISSION

Washington,D.C.20549

SCHEDULE14A

(Rule14a-101)

ProxyStatementPursuanttoSection14(a)oftheSecuritiesExchangeActof1934(AmendmentNo.)

FiledbytheRegistrantý

FiledbyaPartyotherthantheRegistranto

Checktheappropriatebox:

o PreliminaryProxyStatement

o Confidential,forUseoftheCommissionOnly(aspermittedbyRule14a-6(e)(2))

ý DefinitiveProxyStatement

o DefinitiveAdditionalMaterials

o SolicitingMaterialunder§240.14a-12

WPXEnergy,Inc.

(NameofRegistrantasSpecifiedInItsCharter)

(NameofPerson(s)FilingProxyStatement,ifotherthantheRegistrant)

PaymentofFilingFee(Checktheappropriatebox):

ý Nofeerequired.

o FeecomputedontablebelowperExchangeActRules14a-6(i)(1)and0-11. (1) Titleofeachclassofsecuritiestowhichtransactionapplies:

(2) Aggregatenumberofsecuritiestowhichtransactionapplies:

(3) PerunitpriceorotherunderlyingvalueoftransactioncomputedpursuanttoExchangeActRule0-11(setforththeamounton

whichthefilingfeeiscalculatedandstatehowitwasdetermined):

(4) Proposedmaximumaggregatevalueoftransaction:

(5) Totalfeepaid:

o Feepaidpreviouslywithpreliminarymaterials.

o CheckboxifanypartofthefeeisoffsetasprovidedbyExchangeActRule0-11(a)(2)andidentifythefilingforwhichtheoffsettingfeewaspaidpreviously.Identifythepreviousfilingbyregistrationstatementnumber,ortheFormorScheduleandthedateofitsfiling.

(1) AmountPreviouslyPaid:

(2) Form,ScheduleorRegistrationStatementNo.:

(3) FilingParty:

(4) DateFiled:

TableofContents

3500OneWilliamsCenterTulsa,Oklahoma74172

April4,2017DearWPXEnergyStockholders:

Youarecordiallyinvitedtoattendthe2017AnnualMeetingofStockholdersofWPXEnergy,Inc.ThemeetingwillbeheldonThursday,May18,2017,intheSevilleIRoomoftheRenaissanceTulsaHotel&ConventionCenter,6808South107thEastAvenue,Tulsa,Oklahoma74133,at9:30a.m.,CentralDaylightTime.WelookforwardtogreetingpersonallyasmanyofourstockholdersaspossibleattheAnnualMeeting.

ThenoticeoftheAnnualMeetingandproxystatementthataccompanythisletterprovideinformationconcerningmatterstobeconsideredandacteduponattheAnnualMeeting.Ourproxystatementalsoincludesinformationaboutthemeetingitself,including:

• howtoobtainadmissiontothemeetingifyouplantoattend;and

• differentmethodsyoucanusetovotebyproxy,includingbyInternet,telephoneandmail.

AsastockholderofWPXEnergy,youplayanimportantroleinourcompanybyconsideringandtakingactiononthesematters.Weappreciatethetimeandattentionyouinvestinmakingthoughtfuldecisions.

WhilemostofourstockholdersareunlikelytobeabletoattendtheAnnualMeetinginperson,itisimportantthatyoursharesberepresentedandvotedatthemeeting.Weencourageyoutovoteyoursharesaspromptlyaspossible.

Thankyouforyourcontinuedinterestinourcompany.

Verytrulyyours,

RichardE.MuncriefChairman of the Board of Directors ,President and Chief Executive Officer

TableofContents

WPXENERGY,INC.3500OneWilliamsCenterTulsa,Oklahoma74172

NOTICEOFANNUALMEETINGOFSTOCKHOLDERSMay18,2017

TothestockholdersofWPXEnergy,Inc.:

WPXEnergy,Inc.willholditsAnnualMeetingofStockholdersonMay18,2017at9:30a.m.CentralDaylightTimeintheSevilleIRoomoftheRenaissanceTulsaHotel&ConventionCenter,6808South107thEastAvenue,Tulsa,Oklahoma74133.DetailsfortheAnnualMeetingofStockholdersarebelow:

IMPORTANTNOTICEREGARDINGAVAILABILITYOFPROXYMATERIALSFORTHEANNUALMEETINGOFSTOCKHOLDERS

TOBEHELDONMAY18,2017:

TheNoticeofInternetAvailabilityofProxyMaterials,NoticeofAnnualMeeting,ProxyStatementandAnnualReportareavailableat

www.edocumentview.com/WPX

TIME 9:30a.m.,CentralDaylightTime,onThursday,May18,2017

PLACE SevilleIRoomoftheRenaissanceTulsaHotel&ConventionCenter,6808South107thEastAvenue,Tulsa,Oklahoma74133

ITEMSOFBUSINESS 1.Toelectelevendirectornomineesidentifiedinthisproxystatement,onthetermsandconditionsspecified;

2.Toconductanadvisoryvoteonexecutivecompensation;

3.ToratifytheappointmentofErnst&YoungLLPasourindependentauditorsfor2017;and

4.TotransactsuchotherbusinessasmayproperlycomebeforetheAnnualMeetingoranyadjournmentofthemeeting.

RECORDDATE YoucanvoteandattendtheAnnualMeetingifyouwereastockholderofrecordatthecloseofbusinessonMarch27,2017.

ANNUALREPORT Our2016annualreport,whichincludesacopyofourAnnualReportonForm10-K,accompaniesthisproxystatement.

PROXYVOTING ItisimportantthatyoursharesberepresentedandvotedattheAnnualMeeting.WeencourageyoutovotebyInternetortelephone,orcomplete,signandreturnyourproxypriortothemeetingevenifyouplantoattendtheAnnualMeeting.Ifyoulaterchoosetorevokeyourproxy,youmaydosoatanytimebeforeitisexercisedattheAnnualMeetingbyfollowingtheproceduresdescribedunderQuestion12ofthe"QuestionsandAnswersabouttheAnnualMeetingandVoting"sectionintheattachedproxystatement.

ByOrderoftheBoardofDirectors,

StephenE.BrilzVice President and Corporate Secretary

TableofContents

TABLEOFCONTENTS

i

SUMMARY 1QUESTIONSANDANSWERSABOUTTHEANNUALMEETINGANDVOTING 4PROPOSAL1—ELECTIONOFDIRECTORS 10

Director Nomination Process 10Nominees 13

CORPORATEGOVERNANCE 18Overview 18Corporate Governance Practices 18BoardStructure 18BoardandBoardCommitteesCompositionandPerformance 19GuidelinesandBoardPolicies 19IndependentAuditors 20CorporateGovernanceGuidelines 20CodeofBusinessConduct 20DirectorIndependence 20BoardLeadershipStructure 21RiskOversight 22

Executive Officers 22Board Meetings and Annual Meeting Attendance 24Board Committees 25AuditCommittee 25CompensationCommittee 25NominatingandGovernanceCommittee 25CommunicationswiththeBoardofDirectors 26

EXECUTIVECOMPENSATION 27Executive Summary 27Compensation Discussion and Analysis 28CompensationPhilosophy 29DeterminationofTotalCompensation 29

Role of our Compensation Committee and Board of Directors 29Consideration of 2016 Stockholder Advisory Vote to Approve 2015 Executive Compensation 30Role of the Compensation Committee's Independent Compensation Consultant 30Role of Management and Executive Officers 30Competitive Positioning 30Use of Tally Sheets and Wealth Accumulation Analysis 31

ElementsofourCompensationProgram 32Base Salary 33Annual Cash Incentive 34Long-Term Incentives 38Performance-Based Restricted Stock Units 40Vesting of 2014 Performance-Based RSUs 41Time-Based Restricted Stock Awards 42Benefits and Limited Perquisites 43

OtherCompensationPractices 43Stock Ownership Guidelines 43Consideration of Risk in Setting Executive Compensation 44Recoupment Policy 45Anti-Hedging and Anti-Pledging Policies 45Employment Agreements 45

TableofContents

ii

Termination and Severance Arrangements 45Change-in-Control 46Accounting and Tax Treatment 47

2016SummaryCompensationTable 482016Performance-BasedRSUMaximumPotential 482016OutstandingEquityAwards 492016GrantsofPlan-BasedAwards 502016WPXOptionExercisesandStockVested 512016NonqualifiedDeferredCompensation 51Change-in-ControlAgreements 51TerminationScenarios 54CompensationCommitteeReport 55DirectorCompensation 55DirectorCompensationTable 56

EQUITYCOMPENSATIONPLANINFORMATION 57PROPOSAL2—ADVISORYVOTEONEXECUTIVECOMPENSATION 58CERTAINRELATIONSHIPSANDTRANSACTIONS 59COMPENSATIONCOMMITTEEINTERLOCKSANDINSIDERPARTICIPATION 59AUDITCOMMITTEEREPORT 60INDEPENDENTREGISTEREDPUBLICACCOUNTINGFIRM 62PROPOSAL3—RATIFICATIONOFINDEPENDENTREGISTEREDPUBLICACCOUNTINGFIRM 63SECURITYOWNERSHIPOFCERTAINBENEFICIALOWNERSANDMANAGEMENT 63SECTION16(a)BENEFICIALOWNERSHIPREPORTINGCOMPLIANCE 66OTHERMATTERSATMEETING 66

TableofContents

SUMMARY

Thissummaryhighlightsinformationcontainedelsewhereinthisproxystatement.Weencourageyoutoreviewtheentireproxystatement.

WearetakingadvantageofrulesoftheSecuritiesandExchangeCommission,or"SEC,"thatallowustodeliverproxymaterialstoourstockholdersontheInternet.Undertheserules,wearesendingmostofourstockholdersabriefnoticeregardingtheInternetavailabilityofproxymaterialsinsteadofafullsetofproxymaterials.Ifyoureceivethisbriefnotice,or"Notice,"youwillnotreceiveprintedcopiesoftheproxymaterialsunlessyouspecificallyrequestthem.Instead,thisNoticetellsyouhowtoaccessandreviewontheInternetalloftheimportantinformationcontainedintheproxymaterials,includingourannualreporttostockholders.ThisNoticealsotellsyouhowtosubmityourproxycardontheInternetandhowtorequesttoreceiveaprintedcopyoftheproxymaterials.

Weexpecttomail,orprovidenoticeandelectronicdeliveryof,thisproxystatement,ourannualreportandaccompanyingproxycardtostockholdersbeginningonoraboutApril4,2017.Unlessthecontextotherwiserequires,theterms"WPXEnergy,""WPX,"the"Company,""us,""we,"and"our"includeWPXEnergy,Inc.anditsconsolidatedsubsidiaries.

WPXEnergy,Inc.

Weareanindependentoilandnaturalgasexplorationandproductioncompanyengagedintheexploitationanddevelopmentoflong-lifeunconventionalproperties.Our2016AnnualReport,whichaccompaniesthisproxystatement,providesacomprehensivedescriptionofourbusiness.

CorporateGovernance

WPXEnergyiscommittedtomeetinghighstandardsofethicalbehavior,corporategovernanceandbusinessconductineverythingwedo.Consistentwiththiscommitment,wehaveadoptedthefollowingpractices:

• Board Structure and Composition. Alldirectors,otherthanourChairmanandChiefExecutiveOfficer,areindependent.TheindependentdirectorshavedesignatedaLeadDirectorwhoischargedwiththeresponsibilitiessetforthintheLeadDirectorCharterthatisavailableonourwebsiteatwww.wpxenergy.com.

• Stock Ownership Guidelines. Ourdirectorsandexecutiveofficersaresubjecttostockownershipguidelinesthataligntheirinterestswiththoseofourstockholders,andalldirectorsandofficersareincompliancewiththeretentionrequirementsunderthoseguidelines.

• Recoupment Policy. WehavearecoupmentpolicythatrequirestheCompanytorecoverallperformance-basedincentivepaymentsfromseniorexecutives,includingallofournamedexecutiveofficers,foundbytheBoardofDirectorstobepersonallyresponsibleforthefraudorintentionalmisconductresultinginasignificantrestatementoftheCompany'sfinancialstatements.Inaddition,wewillseekrecoupmentfromallotherexecutiveofficersofanyamountspaidinexcessoftheawardthatwouldhavebeenpaidbasedontherestatedfinancialresults.See"Compensation Discussion andAnalysis—Other Compensation Practices—Recoupment Policy" below.

• Independent Compensation Consultant. OurCompensationCommitteeusesanindependentcompensationconsultant,whichperformsnoconsultingorotherservicesfortheCompany.

• Environmental Policy. Wehaveanenvironmentalhealthandsafetypolicythatoutlinesourfocusonintegratingenvironmental,healthandsafetystewardshipintoourcorebusinessactivities.

1

TableofContents

• Transactions in Company Securities (Anti-Hedging Policy). Ourinsidertradingpolicyprohibitsshortsalesofsharesofourcommonstockbydirectorsandexecutiveofficers.Italsoprohibitstheuseofequivalentderivativesecurities.

• Anti-Pledging Policy. Ourinsidertradingpolicyprohibitsourdirectors,officers,andkeyemployeesfromholdingoursecuritiesinamarginaccountorusingsuchsecuritiesascollateralforaloan.

Enterprise-WideRiskOversight

OurBoardofDirectors,assistedbyitscommittees,overseesmanagement'senterprise-wideriskmanagementactivities.Riskmanagementactivitiesincludeassessingandtakingactionsnecessarytomanageriskincurredinconnectionwiththelong-termstrategicdirectionandoperationofourbusiness.

ExecutiveCompensation

OurCompensationCommitteestrivestoestablishandmaintainanexecutivecompensationprogramthatwillattract,engage,reward,andretainhighlyeffectiveexecutiveofficers,rewardsuperiorperformance,andprovideincentivestodriveresultsthatincreasestockholdervalue.Ourcompensationprogramincludesamixofbasesalary,anannualcashincentive,performance-basedrestrictedstockunits,equityawards,andbenefitsandlimitedperquisitestoachievethisresult.Weemphasizeperformance-basedrewardsandtheuseofequity,whichdirectlyalignsourexecutiveswithstockholders.Executivepayistiedtoperformancemetricsthatencompassbothshort-andlong-termgoalsandencourageprofitablegrowthwhilediscouragingexcessiverisk-taking.

Highlights of our Executive Compensation Program

• Pay for Performance— Asignificantportionofthecompensationopportunityforourexecutiveofficersvariesbaseduponachievementofannualorlong-termgoalslinkedtostockholdervalue

• Increase Stockholder Value— Weusebalancedperformancemetricstoencourageoperationalperformancewhilediscouragingexcessiverisk-taking

• Align Executive Officers with Stockholders— Executivecompensationopportunitiesareweightedtowardequityawardsthatalignourexecutiveofficerswiththelong-terminterestsofourstockholders

Informationregardingcompensationpaidtoeachofournamedexecutiveofficersin2016isdescribedinthe"CompensationDiscussionandAnalysis"below.

Summary of 2016 Compensation Decisions Made for Our CEO

• Base Salary —$840,000

• Annual Cash Incentive —$1,524,600,paidat165%oftarget

• Equity Awards —$5,850,000,grant-dayvalueoftime-basedrestrictedstockaward("RSAs")andperformance-basedrestrictedstockunits("RSUs")

Strong Governance Standards in Oversight of Executive Compensation Policies

Wemaintainstronggovernancestandardsintheoversightofourexecutivecompensationpoliciesandpractices,including:

• anindependentCompensationCommitteethatengagesanindependentadvisor

2

TableofContents

• stockownershipguidelinestoencourageourexecutiveofficerstohaveasignificantstakeinourlong-termsuccess

• performance-basedcompensationusingbalancedperformancemetricsandperformance-basedequityawardscappedat100%oftargetifourtotalshareholderreturnisnegative

• double-triggerchange-in-controlagreementsandequityawards

• noexcisetaxgross-upsandlimitedperquisites

• aprohibitiononbackdatingstockoptionsandonrepricingwithoutstockholderapproval

• arecoupmentpolicythatrequiresrecoveryofallperformance-basedincentivepaymentsfromanyexecutiveofficersfoundbytheBoardofDirectorstobepersonallyresponsibleforfraudorintentionalmisconductthatcausestheneedforasignificantfinancialrestatementandrecoupmentfromallotherexecutiveofficersofanyamountspaidinexcessoftheawardthatwouldhavebeenpaidbasedontherestatedfinancialresults

• aprohibitionon:

• shortsalesofourcommonstock

• theuseofequivalentderivativesecurities

• margintradinginourstockbydirectorsandexecutiveofficers

• pledgingofourstockbydirectorsandexecutiveofficers

Proposals

Proposal1—ElectionofDirectors(seepages10-18)

TheBoardhasnominatedelevencandidatesforelectiontoourBoardofDirectors.TheBoardrecommendsthatstockholdersvoteFORtheelectionofeachnominee.

Proposal2—AdvisoryVotetoApprovetheCompany'sExecutiveCompensation(seepages58-59)

TheBoardisseekinganadvisoryvotetoapprovetheCompany'sexecutivecompensation.Beforeconsideringthisproposal,pleasereadourCompensationDiscussionandAnalysis,whichexplainstheCompensationCommittee'scompensationdecisionsandhowourexecutivecompensationprogramalignstheinterestsofourexecutiveofficerswiththoseofourstockholders.AlthoughthevoteisadvisoryandisnotbindingontheBoard,theCompensationCommitteewilltakeintoaccounttheoutcomeofthevotewhenconsideringfutureexecutivecompensationdecisions.Forthereasonsdiscussedinthisproxystatement,theBoardrecommendsthatstockholdersvoteFORtheapprovaloftheCompany'sexecutivecompensation.

Proposal3—RatificationofIndependentRegisteredPublicAccountingFirm(seepage63)

TheAuditCommitteehasappointedErnst&YoungLLPasourindependentregisteredpublicaccountingfirmfortheyearendingDecember31,2017.TheBoardisseekingstockholderratificationofthisappointment.TheBoardrecommendsthatstockholdersvoteFORratificationoftheselectionofErnst&YoungLLP.

3

TableofContents

QUESTIONSANDANSWERSABOUTTHEANNUALMEETINGANDVOTING

1. WhatisthepurposeoftheAnnualMeeting?

AttheAnnualMeeting,stockholderswillactuponthemattersoutlinedintheNoticeofAnnualMeetingofStockholders.Theseincludetheelectionofdirectors,anadvisoryvotetoapproveourexecutivecompensation,andtheratificationoftheappointmentofErnst&YoungLLPasourindependentregisteredpublicaccountingfirm.ManagementandrepresentativesofErnst&YoungLLPwillbeavailabletorespondtoquestionsfromstockholders.

2. Whatisaproxy?

Itisyourlegaldesignationofanotherpersontovotethestockyouowninthemanneryoudirect.Thatotherpersoniscalledaproxy.Ifyoudesignatesomeoneasyourproxyinawrittendocument,thatdocumentalsoiscalledaproxyoraproxycard.WehavedesignatedDennisC.CameronandStephenE.BrilztoserveasproxiesfortheAnnualMeeting.TheBoardofDirectorswillusetheproxiesatthe2017AnnualMeetingofStockholders.Theproxiesalsomaybevotedatanyadjournmentsorpostponementsofthemeeting.

3. Whatisaproxystatement?

ItisadocumentwegiveyouwhenwearesolicitingyourvotepursuanttoSECregulations.

4. Whatisthedifferencebetweenastockholderofrecordandastockholderwhoholdsstockinstreetname?

Stockholders of Record. Ifyoursharesareregisteredinyournamewithourtransferagent,Computershare,youareastockholderofrecordwithrespecttothosesharesandtheNoticeortheproxymaterialsweresentdirectlytoyoubyComputershare.

Street Name Holders. Ifyouholdyoursharesinanaccountatabankorbroker,thenyouarethebeneficialownerofsharesheldin"streetname."TheNoticeorproxymaterialswereforwardedtoyoubyyourbankorbroker,whoisconsideredthestockholderofrecordforpurposesofvotingattheAnnualMeeting.Asabeneficialowner,youhavetherighttodirectyourbankorbrokeronhowtovotethesharesheldinyouraccount.

5. HowmanysharesmustbepresenttoholdtheAnnualMeeting?

InordertoconducttheAnnualMeeting,holdersofamajorityofthesharesentitledtovoteasofthecloseofbusinessontherecorddatemustbepresentinpersonorbyproxy.Thisconstitutesaquorum.YoursharesarecountedaspresentifyouattendtheAnnualMeetingorifyoursharesarerepresentedbyproxy.Abstentionsandbrokernon-voteswillbecountedaspresentforpurposesofestablishingaquorum.Ifaquorumisnotpresent,wewilladjourntheAnnualMeetinguntilaquorumisobtained.

6. HowcanIaccesstheproxymaterialsfortheAnnualMeeting?

Stockholdersmayaccesstheproxymaterials,whichincludetheNoticeofInternetAvailabilityofProxyMaterials,theNoticeofAnnualMeetingofStockholders,ProxyStatementandAnnualReportfortheyearendedDecember31,2016ontheInternetatwww.edocumentview.com/WPX.WewillalsoprovideahardcopyofanyofthesedocumentsfreeofchargeuponrequestassetforthintheNoticeofInternetAvailabilityofProxyMaterialsorbywritingusat:WPXEnergy,Inc.,3500OneWilliamsCenter,Tulsa,Oklahoma74172,Attention:CorporateSecretary.

Insteadofreceivingfuturecopiesofourproxymaterialsbymail,youcanelecttoreceiveane-mailthatwillprovideelectroniclinkstothesedocuments.Optingtoreceiveyourproxymaterialsonlinewillsavethecostofproducingandmailingdocumentstoyourhomeorbusiness,willgiveyouanelectroniclinktotheproxyvotingsiteandwillalsohelppreserveenvironmentalresources.

4

TableofContents

Stockholders of Record. IfyouvoteontheInternetatwww.envisionreports.com/WPX,simplyfollowthepromptsforenrollingintheelectronicproxydeliveryservice.Youalsomayenrollintheelectronicproxydeliveryserviceatanytimebygoingdirectlytowww.envisionreports.com/WPXandfollowingtheenrollmentinstructions.

Street Name Holders. Ifyouholdyoursharesinabankorbrokerageaccount,youmayalsohavetheopportunitytoreceivetheproxymaterialselectronically.Pleasechecktheinformationprovidedintheproxymaterialsyoureceivefromyourbankorbrokerregardingtheavailabilityofthisservice.

7. HowdoIattendtheAnnualMeeting?WhatdoIneedtobring?

AllstockholdersasoftheRecordDatemayattend.Pleasebringtothemeeting:

Proof of Ownership, suchasacopyofyourNoticeorproxycard,oracopyofabrokerageorbankstatementshowingyourshareownershipasoftheRecordDate;and

Proof of Identification, suchasavaliddriver'slicenseorpassport.

Ifyouholdyoursharesinstreetname,youwillnotbeabletovoteyoursharesattheAnnualMeetingwithoutalegalproxy,asdescribedinQuestion8.

Pleasenotethatuseofcameras,phonesorothersimilarelectronicdevicesandthebringingoflargebags,packagesorsoundorvideorecordingequipmentwillnotbepermittedinthemeetingroom.Attendeeswillalsoberequiredtocomplywithrulesoforderandprocedurethatwillbeavailableatthemeeting.

8. HowcanIvoteattheAnnualMeetingifIownsharesinstreetname?

Ifyouareastreetnameholder,youmaynotvoteyoursharesattheAnnualMeetingunlessyouobtainalegalproxyfromyourbankorbroker.Alegalproxyisabank'sorbroker'sauthorizationforyoutovotethesharesitholdsinitsnameonyourbehalf.Toobtainalegalproxy,pleasecontactyourbankorbrokerforfurtherinformation.

9. WhatsharesareincludedontheNotice,proxycardorvotinginstructionform?

Ifyouareastockholderofrecord,youwillreceiveonlyoneNoticeorproxycardforallthesharesofcommonstockyouhold:

• incertificateform;and

• inbook-entryform.

IfyouholdsharesinourEmployeeStockPurchasePlan,youwillreceiveaseparateNoticeorproxycardapplicabletothoseshares.

Ifyouholdyoursharesinstreetname,youwillreceiveoneNoticeorvotinginstructionformforeachaccountyouhavewithabankorbroker.Ifyouholdsharesinmultipleaccounts,youmayneedtoprovidevotinginstructionsforeachaccount.

10. WhatdifferentmethodscanIusetovote?

ByWrittenProxy.Allstockholdersofrecordwhoreceivedproxymaterialsbymailcanvotebywrittenproxycard.IfyoureceivedaNoticeortheproxymaterialselectronically,youmayrequestaproxycardatanytimebyfollowingtheinstructionsontheNoticeoronthevotingwebsite.Ifyouareastreetnameholder,youwillreceiveinstructionsonhowyoumayvotefromyourbankorbroker,unlessyoupreviouslyenrolledinelectronicdelivery.

ByTelephoneorInternet.AllstockholdersofrecordcanvotebytelephonefromtheU.S.andCanada,usingthetoll-freetelephonenumberontheproxycard,orthroughtheInternetusingthe

5

TableofContents

proceduresandinstructionsdescribedontheNoticeorproxycard.StreetnameholdersmayvotebyInternetortelephoneiftheirbankorbrokermakesthosemethodsavailable,inwhichcasethebankorbrokerwillenclosetheinstructionswiththeproxymaterials.TheInternetandtelephonevotingproceduresaredesignedtoauthenticatestockholders'identities,allowstockholderstovotetheirsharesandtoconfirmthattheirinstructionshavebeenproperlyrecorded.

InPerson.AllstockholdersofrecordmayvoteinpersonattheAnnualMeeting.StreetnameholdersmayvoteinpersonattheAnnualMeetingiftheyhavealegalproxy,asdescribedinQuestion8.

TheNoticeisnotaproxycardanditcannotbeusedtovoteyourshares.

11. Whatistherecorddateandwhatdoesitmean?

TherecorddatefortheAnnualMeetingisMarch27,2017.OnlyownersofrecordofsharesofcommonstockoftheCompanyatthecloseofbusinessontherecorddateareentitledtonoticeofandtovoteattheAnnualMeeting,oratanyadjournmentsorpostponementsoftheAnnualMeeting.OnMarch27,2017,therewere397,415,437sharesofcommonstockissued,outstandingandentitledtovote.Eachownerofrecordontherecorddateisentitledtoonevoteforeachshareofcommonstockheld.

TherecorddatewasestablishedbyourBoardofDirectorsasrequiredbytheGeneralCorporationLawoftheStateofDelaware.Ownersofrecordofcommonstockatthecloseofbusinessontherecorddateareentitledto:

• receivenoticeoftheAnnualMeeting;and

• voteattheAnnualMeetingandanyadjournmentsorpostponementsoftheAnnualMeeting.

12. IfIsubmitaproxy,mayIlaterrevokeitand/orchangemyvote?

Stockholdersmayrevokeaproxyand/orchangetheirvotepriortothecompletionofvotingattheAnnualMeetingby:

• signinganotherproxycardorvotinginstructionformwithalaterdateanddeliveringittotheCorporateSecretarybeforetheAnnualMeeting;

• votingagainovertheInternetorbytelephonepriorto11:59p.m.,EasternTime,onMay17,2017(or,ifyouareastreetnameholder,suchearliertimeasyourbankorbrokermaydirect);

• votingattheAnnualMeetingifyouareastockholderofrecordorareastreetnameholderthathasobtainedalegalproxyfromyourbankorbroker;or

• notifyingtheCorporateSecretaryoftheCompanyinwritingbeforetheAnnualMeeting.

13. Arevotesconfidential?Whocountsthevotes?

Weholdthevotesofallstockholdersinconfidencefromdirectors,officersandemployeesexcept:

• asnecessarytomeetapplicablelegalrequirementsandtoassertordefendclaimsorpotentialclaimsfororagainsttheCompany;

• incaseofacontestedorpotentiallycontestedproxysolicitation;

• ifastockholdermakesawrittencommentontheproxycardorotherwisecommunicateshisorhervotetomanagement;or

• toallowtheindependentinspectorsoftheelectiontocertifytheresultsofthevote.

WehaveretainedComputersharetotabulatethevotesandactasindependentinspectoroftheelection.

6

TableofContents

14. Whataremychoiceswhenvotingfordirectornomineesandwhatvoteisneededtoelectdirectors?

Inthevoteontheelectionofdirectornominees,stockholdersmay:

• voteinfavorofanominee;

• voteagainstanominee;or

• abstainfromvotingwithrespecttoanominee.

DirectorswillbeelectedattheAnnualMeetinguponreceiptofmorevotescast"for"than"against"hisorherelection;abstentionswillnotcountasvotescastwithrespecttoadirector'selection.OurCorporateGovernanceGuidelinesrequiresalldirectorstotender,promptlyaftertheirelection,irrevocableresignationsfromtheBoardofDirectorsthatwillbeeffectiveifthedirectordoesnotreceiveagreaternumberofvotes"for"than"against"hisorherelectioninanuncontestedelection.Underthispolicy,theBoardofDirectorswilldeterminewhethertoacceptorrejecttheoffertoresignandpubliclydiscloseitsdecisionwithin90daysfromthedateofthecertificationoftheelectionresults.ThetextofthispolicyappearsinourCorporateGovernanceGuidelines,whichareavailableonourwebsiteatwww.wpxenergy.com.

TheBoardofDirectorsrecommendsavoteFOReachofthenominees.

15. WhataremychoiceswhenvotingoneachoftheotherproposalsconsideredattheAnnualMeeting?

Foreachoftheotherproposalsstockholdersmay:

• votefortheproposal;

• voteagainsttheproposal;or

• abstainfromvotingontheproposal.

16.16.WhatistheBoard'srecommendationwithregardtoeachproposal?

TheBoardofDirectorsmakesthefollowingrecommendationwithregardtoeachproposal:

• TheBoardofDirectorsrecommendsavoteFOReachofthedirectornominees.

• TheBoardofDirectorsrecommendsavoteFORadvisoryapprovaloftheCompany'sexecutivecompensation.

• TheBoardofDirectorsrecommendsavoteFORratificationoftheappointmentofErnst&YoungLLPasourindependentregisteredpublicaccountingfirm.

17. Whatvoteisneededtoapproveeachproposal?

PleaseseeQuestion14regardingthevotethatisneededfortheelectionofdirectors.

EachoftheremainingproposalsmustbeapprovedbytheholdersofamajorityofthesharespresentandentitledtovoteinpersonorbyproxyattheAnnualMeetinginordertopass.TheBoardofDirectorswillconsidertheresultoftheadvisoryvotetoapproveourexecutivecompensationwhenconsideringfutureexecutivecompensationdecisions.

7

TableofContents

18. WhatifIdonotspecifyachoiceforamatterwhenreturningaproxy?

StockholdersshouldspecifytheirchoiceforeachmatterinthemannerdescribedintheNoticeorontheirproxycard.Ifnospecificinstructionsaregiven,proxiesthataresignedandreturnedwillbevoted:

• FORtheelectionofalldirectornominees;

• FORtheadvisoryapprovalofourexecutivecompensation;and

• FORtheratificationoftheappointmentofErnst&YoungLLPastheCompany'sindependentregisteredpublicaccountingfirm.

19. AremysharesvotedifIdonotprovideaproxy?

Ifyouareastockholderofrecordanddonotprovideaproxy,youmustattendtheAnnualMeetinginordertovote.Ifyouholdsharesthroughanaccountwithabankorbroker,yoursharesmaybevotedbythebankorbrokeronsomemattersifyoudonotprovidevotinginstructions.BanksandbrokershavetheauthorityunderNewYorkStockExchange("NYSE")rulestovotesharesforwhichtheircustomersdonotprovidevotinginstructionsonroutinematters.TheratificationofErnst&YoungLLPasourindependentregisteredpublicaccountingfirmisconsideredaroutinematter.Theelectionofdirectorsandthevotesontheothermattersdescribedinthisproxystatementarenotconsideredroutineandbanksandbrokerscannotvoteshareswithoutinstructiononthosematters.Sharesthatbanksandbrokersarenotauthorizedtovotearecountedas"brokernon-votes."

20. Howareabstentionsandbrokernon-votescounted?

Abstentionshavenoeffectontheelectionofdirectors,asonly"for"and"against"votesarecounted.Abstentionshavetheeffectofan"AGAINST"voteoneachoftheothermattersdescribedinthisproxystatement.Brokernon-voteswillbetreatedasnotpresentandnotentitledtovote.

21. DoestheCompanyhaveapolicyaboutdirectors'attendanceattheAnnualMeetingofStockholders?

TheCompanyexpectsdirectorstoattendtheAnnualMeeting,absentacompellingreason.

22. Whatarethedeadlinesforsubmittingstockholderproposalsforthe2018AnnualMeeting?

Stockholder Proposals to Be Considered for Inclusion in the Company's Proxy Materials. Tobeconsideredforinclusioninourproxystatementforour2018AnnualMeeting,stockholderproposalssubmittedinaccordancewiththeSEC'sRule14a-8mustbereceivednotlaterthanDecember5,2017andbesubmittedinaccordancewiththeSEC'sRule14a-8.StockholderproposalsreceivedafterthecloseofbusinessonDecember5,2017wouldbeuntimely.ThesestockholderproposalsmustbeinwritingandreceivedbythedeadlinedescribedaboveatourprincipalexecutiveofficesatWPXEnergy,Inc.,3500OneWilliamsCenter,Tulsa,Oklahoma74172,Attention:CorporateSecretary.Ifwedonotreceiveastockholderproposalbythedeadlinedescribedabove,theproposalmaybeexcludedfromourproxystatementforour2018AnnualMeeting.

Other Stockholder Proposals for Presentation at the 2018 Annual Meeting. Astockholderproposalthatisnotsubmittedforinclusioninourproxystatementforour2018AnnualMeeting,butisinsteadsoughttobepresentedatthe2018AnnualMeeting,mustcomplywiththe"advancenotice"deadlinesinourBylaws.Assuch,thesestockholderproposalsmustbereceivednoearlierthanJanuary18,2018,andnolaterthanthecloseofbusinessonFebruary17,2018.Thesestockholderproposalsmustbeinwritingandreceivedwithinthe"advancenotice"deadlinesdescribedaboveatourprincipalexecutiveofficesatWPXEnergy,Inc.,3500OneWilliamsCenter,Tulsa,Oklahoma74172,Attention:CorporateSecretary.ThesestockholderproposalsmustbeintheformprovidedinourBylawsandmustincludetheinformationsetforthintheBylawsaboutthestockholderproposingthebusinessandany

8

TableofContents

associatedperson,includinginformationaboutthedirectandindirectownershipoforderivativepositionsintheCompany'scommonstockandarrangementsandunderstandingsrelatedtotheproposedbusinessorthevotingoftheCompany'scommonstock.Ifwedonotreceiveastockholderproposalandtherequiredinformationregardingthestockholderandanyassociatedpersonbythe"advancenotice"deadlinesdescribedabove,theproposalmaybeexcludedfromtheproxystatementandfromconsiderationatthe2018AnnualMeeting.The"advancenotice"requirementdescribedabovesupersedesthenoticeperiodinSECRule14a-4(c)(1)ofthefederalproxyrulesregardingthediscretionaryproxyvotingauthoritywithrespecttosuchstockholderbusiness.

23. Howareproxiessolicitedandwhatisthecost?

Webearallexpensesincurredinconnectionwiththesolicitationofproxies.Wewillreimbursebrokers,fiduciariesandcustodiansfortheircostsinforwardingproxymaterialstobeneficialownersofcommonstock.

Ourdirectors,officersandemployeesmayalsosolicitproxiesbymail,telephoneandpersonalcontact.Theywillnotreceiveanyadditionalcompensationfortheseactivities.

24. WherecanIfindmoreinformationaboutmyvotingrightsasastockholder?

TheSEChasaninformationalwebsitethatprovidesstockholderswithgeneralinformationabouthowtocasttheirvoteandwhyvotingshouldbeanimportantconsiderationforstockholders.Youmayaccessthatinformationatwww.sec.gov/spotlight/proxymatters.shtmloratwww.investor.gov.

9

TableofContents

PROPOSAL1—ELECTIONOFDIRECTORS

DirectorNominationProcess

CriteriaforNominationtotheBoard

TheNominatingandGovernanceCommitteeCharter,whichisavailableonourwebsiteatwww.wpxenergy.comunder"Investors"and"CorporateGovernance,"providesthattheNominatingandGovernanceCommitteemustdevelopandrecommendtotheBoardqualificationsforassessingdirectorcandidatesandidentifyandrecommendtotheBoardindividualsfornominationasBoardmembers.

OurCorporateGovernanceGuidelinessetforthcriteriaforindependentdirectornominees.TheNominatingandGovernanceCommitteeevaluatespotentialBoardnomineesagainstthesecriteriaindeterminingwhethertorecommendanypotentialnomineeforconsiderationforelectionasamemberoftheBoard.Thesecriteriaincludethefollowing:

• Anunderstandingofbusinessandfinancialaffairsandthecomplexitiesofabusinessorganization.Althoughacareerinbusinessisnotessential,thenomineeshouldhaveaprovenrecordofcompetenceandaccomplishmentsthroughleadershipinindustry,education,theprofessionsorgovernment,andshouldbewillingtomaintainacommittedrelationshipwiththeCompanyasadirector.

• AgenuineinterestinrepresentingallofthestockholdersandtheinterestoftheCompanyoverall.

• Awillingnessandabilitytospendthenecessarytimetofunctioneffectivelyasadirector.

• Anopen-mindedapproachtomattersandtheresolvetoindependentlyanalyzematterspresentedforconsideration.

• Areputationforhonestyandintegritybeyondquestion.

• IndependenceasdefinedbytheNYSE,andqualificationsotherwiserequiredinaccordancewithapplicablelaworregulation.

10

TableofContents

Thefollowingtablehighlightseachdirectornominee'sspecificskills,knowledgeandexperiences.Aparticulardirectormaypossessadditionalskills,knowledgeorexperienceeventhoughtheyarenotlistedbelow.Eachdirectorbiographybelowdescribestheskillsandexperiencesofdirectorsindetail.

TheNominatingandGovernanceCommitteeroutinelyevaluatesthecompositionoftheBoardtoassesstheskillsandexperiencethatarecurrentlyrepresentedontheBoard,aswellastheskillsandexperiencetheBoardwillfindvaluableinthefuture,giventheCompany'scurrentsituationandstrategicplans.TheNominatingandGovernanceCommitteeseeksavarietyofoccupationalandpersonalbackgroundsontheBoardinordertoobtainarangeofviewpointsandperspectivesandtoenhancethediversityoftheBoardinsuchareasasrace,gender,ethnicityandage.ThisassessmentenablestheBoardtoupdate,ifnecessary,theskillsandexperienceitseeksintheBoardasawhole,andinindividualdirectors,astheCompany'sneedsevolveandchangeovertime.

11

JohnCarrig

WilliamGranberry

RobertHerdman

KeltKindick

KarlKurz

HenryLentz

GeorgeLorch

WilliamLowrie

KimberlyLubel

RichardMuncrief

DavidWork

E&POperations ü ü ü ü ü üOtherOil&GasOperations ü ü ü ü ü üHealth&Safety ü ü ü ü ü Engineering ü ü ü ü Geoscience ü ü ü üOil&GasRegulatory ü ü ü ü ü ü üAuditingandFinancialReporting ü ü ü ü CapitalMarketsandCorporateFinance ü ü ü ü ü ü Marketing ü ü ü ü ü LegalExpertise ü ü FinancialAnalysisExpertise ü ü ü ü ü ü ü InvestmentBanking/M&A ü ü ü CorporateGovernance ü ü ü ü ü ü ü ü ü ü üRiskManagement ü ü ü ü ü ü ü üHumanResourcesandCompensation ü ü ü ü ü ü üPublicPolicy ü ü ü ü ü ü StrategicPlanningandStrategyDevelopment ü ü ü ü ü ü ü ü ü ü üGovernmentExperience ü ü Digitaland/orInformationTechnologyOversight ü ü

TableofContents

ProcessforIdentifyingandEvaluatingNominees

InconsideringpotentialcandidatestotheBoardwhoarenotincumbentdirectors,theNominatingandGovernanceCommittee,withinputfromthefullBoardofDirectors,assessesthepotentialcandidate'squalifications,takingintoaccountthecriterialistedabove,andhowthesequalificationsfitwiththedesiredcompositionoftheBoardofDirectorsasawhole.

Inthecaseofincumbentdirectors,inadditiontothecriterialistedabove,theNominatingandGovernanceCommitteereviewsthedirectors'overallperformanceontheBoardofDirectorsandotherrelevantfactors.

StockholderRecommendationsforNominees

TheNominatingandGovernanceCommitteewillconsidernomineesrecommendedbyourstockholders.AnystockholderwishingtoproposeanomineeforconsiderationbytheNominatingandGovernanceCommitteeshouldsubmitarecommendationinwritingtoourCorporateSecretaryatourprincipalexecutiveoffice,indicatingthenominees'qualificationsandotherrelevantbiographicalinformationandprovidingconfirmationofthenominee'sconsenttoserveasadirector.TheNominatingandGovernanceCommitteedoesnotintendtoalteritscriteriaforevaluatingpotentialdirectorcandidates,includingthecriteriasetforthabove,inthecaseofdirectorcandidatesrecommendedbystockholders.TheNominatingandGovernanceCommitteeperiodicallyconsidersrecommendationsfordirectorcandidates.

Ifyouwishtosubmitadirectornominationatafutureannualmeeting,youmustsupplytimelywrittennoticetotheCorporateSecretary.Forthe2018AnnualMeeting,thisnoticemustbereceivedatourprincipalexecutiveoffices,directedtotheCorporateSecretary,noearlierthanJanuary18,2018,andnolaterthanFebruary17,2018.ThenoticemustincludetheinformationsetforthintheBylawsabouteachproposednominee,including:(i)thename,age,businessaddress,residenceaddressandprincipaloccupationoremployment,businessexperienceduringthepastfiveyearsandanyotherdirectorshipsofpubliccompaniescurrentlyheldorheldduringthelastfiveyears,(ii)thenumberofsharesoftheCompany'scommonstockwhicharebeneficiallyowned,and(iii)otherinformationconcerningthenomineeaswouldberequiredinsolicitingproxiesfortheelectionofthatnominee.ThenoticemustalsoincludetheinformationsetforthintheBylawsaboutthestockholdermakingthenominationandanyassociatedperson,includinginformationaboutthedirectandindirectownershipoforderivativepositionsintheCompany'scommonstockandarrangementsandunderstandingsrelatedtotheproposednominationorthevotingoftheCompany'scommonstock.ThenoticemustalsoincludeasignedconsentofeachnomineetobenamedintheproxystatementasanomineeandtoserveasadirectoroftheCompanyifelected.Ifwedonotreceiveanoticeandtherequiredinformationregardingthenominee,thestockholderandanyassociatedpersonbythedeadlinedescribedabove,theproposednomineemaybeexcludedfromconsiderationbytheNominatingandGovernanceCommittee.TheNominatingandGovernanceCommitteewillonlyevaluatestockholder-recommendedcandidatesifthoserecommendationsmeettherequirementsdescribedinthisproxystatementandourBylaws.

2017DirectorNominees

ThefirstproposalforconsiderationattheAnnualMeetingistheelectionofeachoftheelevencandidatesnamedbelowasadirectorforaone-yeartermexpiringatour2018AnnualMeeting,oruntilhisorhersuccessorisdulyelectedandqualified.

Atour2015AnnualMeeting,stockholdersvotedtoeliminateprospectivelytheclassificationofdirectorsonourBoard.Previously,ourdirectorshadbeenclassifiedintothreeseparateclassesandheldofficeforstaggeredthree-yearterms.Effectiveasofthe2017AnnualMeeting,allofourdirectornomineeswillbeelectedforone-yearterms.OurBoardiscurrentlyfixedat11members.

12

TableofContents

UpontherecommendationoftheNominatingandGovernanceCommittee,theBoardhasnominatedeachofthedirectorsidentifiedbelowasanomineeforaone-yeartermexpiringatthe2018AnnualMeetingofStockholdersoruntilhisorhersuccessorisdulyelectedandqualified.

TheBoardofDirectorsrecommendsthatyouvoteFORtheelectionofeachofthenominees.ProxieswillbevotedFORtheelectionofeachnomineeunlessyouspecifyotherwise.

Thefollowingpresentsabriefbiographicaldescriptionofeachdirectornominee,aswellasadiscussionofthespecificexperience,qualificationandskillsofeachdirectorthathelpedleadtheBoardtoconcludethateachrespectivedirectorshouldcontinuetoserveasamemberoftheBoard.

Nominees

John A. Carrig. Mr.CarrighasbeenadirectorsinceDecember2011.Mr.CarrigistheformerPresidentandChiefOperatingOfficerofConocoPhillips(alargeintegratedoilcompanywithoperationsinmorethan30countries).HejoinedPhillipsPetroleuminLondonin1978asataxattorney.In1981,hetransferredtoBartlesville,Oklahoma,andwasassociatedwiththecorporatetaxstaffuntil1993whenhejoinedthetreasurygroupasfinancemanager.HewasthennamedAssistantTreasurerofFinance,andin1995heacceptedthepositionofTreasurer.HewasVicePresidentandTreasurerfrom1996to2000whenhewasnamedSeniorVicePresidentandTreasurer.HewaselectedSeniorVicePresidentandChiefFinancialOfficerforPhillipsin2001,apositionhehelduntiltheConocoPhillipsmergeroccurredin2002,atwhichtimehebecameExecutiveVicePresident,Finance,andChiefFinancialOfficerofConocoPhillips.In2008,hewasappointedPresidentandChiefOperatingOfficerofConocoPhillipsandbecameresponsibleforglobaloperations,includingexplorationandproduction,refiningandtransportation,projectdevelopmentandprocurement,andhealth,safetyandenvironmentalmatters.Mr.CarrigservedasPresidentofConocoPhillipsuntilhisretirementinMarch2011.Mr.CarriggraduatedPhiBetaKappawithaB.A.fromRutgersUniversityandreceivedhislawdegreefromTempleUniversity.HealsoholdsanadvancedegreeintaxlawfromNewYorkUniversitySchoolofLaw.Mr.CarrigalsoservesasadirectorofForumEnergyTechnologies,Inc.(manufacturerofoilandgasfieldmachineryandequipment),TRCCompanies,Inc.(engineering,consultingandconstructionmanagementservicestotheenergy,environmentalandinfrastructuremarkets)andSkanskaAB(aglobalprojectdevelopmentandconstructioncompany).

WebelieveMr.CarrigiswellqualifiedtoserveasamemberofourBoard.Mr.Carrighasmanyyearsofexperienceinourindustry,includingoperating,financialandexecutiveexperience,andwebelievetheseexperiencesarecriticaltohisabilitytoidentify,understandandaddresschallengesandopportunitiesthatweface.

William R. Granberry. Mr.GranberryhasbeenadirectorsinceDecember2011.Mr.GranberryservedasadirectorofTheWilliamsCompanies,Inc.("Williams")from2005untilDecember2011,and

13

Name Age DirectorSince JohnA.Carrig 65 2011WilliamR.Granberry 74 2011RobertK.Herdman 68 2011KeltKindick 62 2013KarlF.Kurz 55 2014HenryE.Lentz 72 2011GeorgeA.Lorch 75 2011WilliamG.Lowrie 73 2011KimberlyS.Lubel 52 2011RichardE.Muncrief 58 2014DavidF.Work 71 2011

TableofContents

servedasamemberofWilliams'CompensationCommitteeanditsFinanceCommittee.Mr.GranberrywasamemberofCompassOperatingCompanyLLC(asmall,privateoilandgasexploration,development,andproducingcompany)fromOctober2004throughDecember2013,atwhichtimeheretiredandsoldhisinteresttotheothermembers.From1999to2004,asanindependentconsultant,hemanagedinvestmentsandconsultedwithoilandgascompanies.From1996to1999,Mr.GranberrywasPresidentandChiefOperatingOfficerofTomBrown,Inc.(apublicoilandgascompanywithexploration,development,acquisition,andproductionactivitiesthroughoutthecentralUnitedStates).Hehasworkedintheoilandgasindustryinvariouscapacitiesfor50years,includingasamanagerofengineeringatAmoco(aglobalenergycompany)andinexecutivepositionsforsmallerindependentenergycompanies.Mr.Granberryhasservedoncommitteesandboardsofindustryorganizations,includingtheSocietyofPetroleumEngineers,theAmericanPetroleumInstitute,andtheIndependentProducersAssociationofAmerica.Mr.GranberryholdsB.S.andM.S.degreesinpetroleumengineeringfromtheUniversityofTexas.Mr.GranberryisadirectorofLegacyReservesGP,LLC(anindependentacquireranddeveloperofoilandnaturalgasproperties).

WebelieveMr.GranberryiswellqualifiedtoserveasamemberofourBoard.Mr.Granberryhasmanyyearsofexperienceinourindustry,includingexecutive,investmentandoperatingexperience,andwebelievetheseexperiencesarecriticaltohisabilitytoidentify,understandandaddresschallengesandopportunitiesthatweface.Mr.Granberryalsohasextensivepublicpolicyexperiencefromservingoncommitteesandboardsofindustryorganizations.

Robert K. Herdman. Mr.HerdmanhasbeenadirectorsinceDecember2011.Since2004,Mr.HerdmanhasbeenaManagingDirectorofKaloramaPartnersLLC(aWashington,D.C.consultingfirmspecializinginprovidingadviceregardingcorporategovernance,riskassessment,crisismanagementandrelatedmatters).PriortojoiningKalorama,Mr.HerdmanwastheChiefAccountantoftheSECfromOctober2001toNovember2002.PriortojoiningtheSEC,hewasErnst&Young'sViceChairmanofProfessionalPracticeforitsAssuranceandAdvisoryBusinessServices("AABS")practiceintheAmericasandtheGlobalDirectorofAABSProfessionalPracticeforErnst&YoungInternational.Mr.HerdmanwasalsotheseniorErnst&Youngpartnerresponsibleforthefirm'srelationshipwiththeSEC,FinancialAccountingStandardsBoardandAmericanInstituteofCertifiedPublicAccountants("AICPA").Mr.HerdmanservedontheAICPA'sSECPracticeSectionExecutiveCommitteefrom1995to2001andasamemberoftheAICPA'sBoardofDirectorsfrom2000to2001.HeholdsaB.S.C.inaccountingfromDePaulUniversity.Mr.HerdmaniscurrentlyontheboardofdirectorsofCumminsInc.andischairofitsauditcommittee.PriortoApril2015,heservedontheboardofdirectorsofHSBCFinanceCorporation(formerlyHouseholdInternational,Inc.),HSBCNorthAmericaHoldings,Inc.andHSBCUS,Inc.

WebelieveMr.HerdmaniswellqualifiedtoserveasamemberofourBoard.Mr.Herdmanhassignificantexperienceinfinanceandaccounting,includingexpertiseasthechairoftheauditcommitteesforpubliccompanies,andwebelievetheseexperiencesareimportanttohisabilitytounderstandandaddresschallengesandopportunitiesthatweface.Mr.Herdman'sSECandpublicaccountingexperienceprovidedhimwithinsightintothebusinessoperationsandfinancialperformanceofasignificantnumberofpubliccompanies,whichisadvantageoustousasapubliccompany.

Kelt Kindick. Mr.KindickhasbeenadirectorsinceJanuary2013.Mr.KindickservedaschieffinancialofficerandpartneratBain&Company,Inc.,amanagementconsultingfirm,fromJanuary2009untilhisretirementonDecember31,2012.HehasbeenservingasAdvisoryPartnerforBain&CompanysinceJanuary1,2013.HejoinedBain&Company,Inc.in1980,waselectedpartnerin1986,servedasManagingDirectorofthefirm'sBostonofficefrom1991to1996,andasChairmanofthefirm'sexecutivecommitteefrom1998to1999.Mr.KindickalsoservedaschieffinancialofficeroftheCommonwealthofMassachusettsfrom2003to2004.Mr.KindickistheleaddirectorofTheAdvisoryBoardCompany.HereceivedaB.A.degreefromFranklin&MarshallCollegeandanM.B.A.fromHarvardBusinessSchool.

14

TableofContents

WebelievethatMr.KindickiswellqualifiedtoserveasamemberofourBoard.Hislongserviceataleadingmanagementconsultingfirm,wherehehasdevelopedextensiveexperienceinassessingandadvisingoncorporatestrategy,finance,operations,andtalentmanagement,aswellashisfinanceandaccountingexperience,willbeadvantageoustous.

Karl F. Kurz. Mr.KurzhasbeenadirectorsinceJanuary2014.FromSeptember2009untilhisretirementinSeptember2012,Mr.Kurzservedasamanagingdirector,co-headoftheenergygroupandamemberoftheinvestmentcommitteeatCCMPCapitalAdvisorsLLC,aleadingglobalprivateequityfirmwithafocusonenergyinvestments,amongotherareas.PriortojoiningCCMP,Mr.KurzspentnineyearswithAnadarkoPetroleumCorporation,mostrecentlyservingaschiefoperatingofficerresponsibleforoverseeingthecompany'sglobalexplorationandproduction,marketing,midstream,land,technologyandservicebusinesses.PriortojoiningAnadarko,Mr.KurzwasgeneralmanagerofmidstreamandmarketingforVastarResources,Inc.,wherehemanagedthecompany'smarketingofoil,naturalgasliquids,gasandgasprocessing.PriortojoiningVastarin1995,Mr.KurzheldmanagementpositionsatARCOOilandGasCompanyinseveralbusinessunitsincludingreservoirengineering,productionoperations,crudeoilmarketing,hedging,andfinancialtrading.Mr.KurzholdsaB.S,magna cum laude ,inpetroleumengineeringfromTexasA&MUniversityandheisagraduateofHarvardBusinessSchool'sAdvancedManagementProgram.Mr.KurzalsoservesasadirectorofSemGroupCorporation(midstreamservicesprovidertoindependentoilandgasproducersandrefiners)andAmericanWaterWorksCompany,Inc.(waterandwastewaterservicescompany).Mr.KurzservedasadirectorofWesternGasPartnersfromMay2008throughMarch2009andGlobalGeophysicalServices,Inc.(seismicdatasolutionsfortheoilandgasindustry)fromDecember2010throughDecember2014.

WebelieveMr.KurziswellqualifiedtoserveasamemberofourBoard.Mr.Kurzhasmanyyearsofexperienceinourindustry,includingexecutive,investmentandoperatingexperience,andwebelievetheseexperiencesarecriticaltohisabilitytoidentify,understandandaddresschallengesandopportunitiesthatweface.Mr.Kurzalsohasextensivepublicpolicyexperiencefromservingoncommitteesandboardsofindustryorganizations.

Henry E. Lentz. Mr.LentzhasbeenadirectorsinceDecember2011.InMay2011,Mr.LentzretiredfromLazardFrères&Co(aninvestmentbankingfirm),wherehehadservedasaManagingDirectorsinceJune2009.HewasaManagingDirectorofBarclaysCapital(aninvestmentbankingfirmandsuccessortoLehmanBrothersInc.)fromSeptember2008toJune2009.FromJanuary2004toSeptember2008hewasemployedasanAdvisoryDirectorbyLehmanBrothers.HejoinedLehmanBrothersin1971andbecameaManagingDirectorin1976.Heleftthefirmin1988tobecomeViceChairmanofWassersteinPerellaGroup,Inc.(aninvestmentbankingfirm).In1993,hereturnedtoLehmanBrothersasaManagingDirectorandservedasheadofthefirm'sworldwideenergypractice.In1996,hejoinedLehmanBrothers'MerchantBankingGroupasaPrincipalandinJanuary2003becameaconsultanttotheMerchantBankingGroup.Mr.LentzholdsaB.A.fromtheCollegeoftheHolyCrossandanM.B.A.fromtheWhartonSchoolofBusinessattheUniversityofPennsylvania.Mr.LentzservedasadirectorofRowanCompanies,Inc.from1990until2014,andservedasthenon-executiveChairmanbeginningin2009.HeiscurrentlyontheboardofdirectorsofPeabodyEnergyCorporation,MacquarieInfrastructureCorporationandCARBOCeramics,Inc.

WebelieveMr.LentziswellqualifiedtoserveasamemberofourBoard.Mr.Lentzhassignificantexperienceininvestmentbankingandfinancialmatters,andwebelievetheseexperiencesarecriticaltohisabilitytoidentify,understandandaddresschallengesandopportunitiesthatweface.Mr.Lentzalsohascorporategovernanceexperienceasaresultofservingonotherpubliccompanyboardsofdirectors,whichisadvantageoustousasapubliccompany.

George A. Lorch. Mr.LorchhasbeenadirectorsinceDecember2011.Mr.LorchservedasadirectorofWilliamsfrom2001untilDecember2011,andservedasamemberofWilliams'

15

TableofContents

CompensationCommitteeanditsNominatingandGovernanceCommittee.Mr.LorchwasChairmanEmeritusofArmstrongHoldings,Inc.,theholdingcompanyforArmstrongWorldIndustries,Inc.(amanufacturerandmarketeroffloors,ceilings,andcabinets).HewastheChiefExecutiveOfficerandPresidentofArmstrongWorldIndustries,Inc.from1993to1994andChairmanoftheBoardandChiefExecutiveOfficerfrom1994to2000.FromMay2000toAugust2000,hewasChairmanoftheBoardandChiefExecutiveOfficerofArmstrongHoldings,Inc.Mr.Lorchhas37yearsofsalesandmarketingexperienceatArmstrong,including17yearsofexperienceasaheadofoperations,withresponsibilityforstrategy,profitstatements,balancesheets,andstockholderrelations.Duringhismanyyearsasadirectorinvariedindustries,Mr.LorchhasparticipatedinCEOsearches,successionplanning,strategydevelopment,takeoverdefenseandoffense,anddirectorrecruitment,andhehasservedondozensofboardcommittees.Mr.LorchholdsaB.S.inbusinessadministrationfromVirginiaPolytechnicInstituteandStateUniversityandhasalsocompletedanexecutivemanagementcourseattheKelloggSchoolofManagementatNorthwesternUniversity.Mr.LorchservedasadirectorofPfizer,Inc.(aresearch-basedpharmaceuticalcompany)from2000untilApril2015,actingasNon-ExecutiveChairmanfromDecember2010toDecember2011,andasLeadIndependentDirectorfromDecember2011untilApril2015.HeistheLeadIndependentDirector,amemberoftheCompensationCommittee,andChairmanoftheNominatingandCorporateGovernanceCommitteeoftheboardofAutoliv,Inc.(adeveloper,manufacturer,andsupplierofautomotivesafetysystems),andadirector,amemberoftheCompensationCommittee,andChairmanoftheCorporateGovernanceandNominatingCommitteeoftheboardofMasonite(apubliclyhelddoormanufacturer).Mr.LorchhasservedasanadvisortotheCarlyleGroup(aprivateequityfirm).

WebelievethatMr.LorchiswellqualifiedtoserveasamemberofourBoard.Mr.Lorch'sexecutiveexperienceprovidesvaluablefinancialandmanagementexperience,includingexpertiseleadingalargeorganizationwithnationaloperations,andwebelievetheseexperiencesarecriticaltohisabilitytoidentify,understandandaddresschallengesandopportunitiesthatweface.Mr.Lorchalsohasknowledgeandunderstandingofthestrategy,recruitment,compensationandcorporategovernanceissuesthatwefacefromhisextensiveexperienceasadirector.

William G. Lowrie. Mr.LowrieservedasChairmanofourBoardofDirectorsfromDecember2011untilJanuary2017,andhassinceservedasourindependentLeadDirector.Mr.LowrieservedasadirectorofWilliamsInc.from2003untilDecember2011,andservedasamemberofWilliams'AuditCommitteeanditsNominatingandGovernanceCommittee.In1999,Mr.LowrieretiredasDeputyChiefExecutiveOfficeranddirectorofBPAmocoPLC(aglobalenergycompany),wherehespenthisentire33-yearcareer.AtAmoco,Mr.Lowrieheldvariouspositionsofincreasingresponsibility,developingexpertiseindrilling,reservoirengineering,financialanalysisofprojects,andotherskillsrelatedtotheoilandnaturalgasexploration,production,andprocessingbusinesses.AtvarioustimesinhisAmocotenure,Mr.Lowriemanagednaturalgasandnaturalgasliquidspipelineoperations,hedgingandotherhydrocarbonpriceriskmitigationfunctions,internationalcontractnegotiations,petroleumproductrefiningandmarketingoperations,environmentalhealthandsafetyprogramdesign,andthedevelopmentandexecutionofaprocessformanagingcapitalinvestmentprojects.Mr.Lowriealsoworkedcloselywithallfinancialfunctions,internalandexternalauditors,andindustryorganizationssuchastheAmericanPetroleumInstitute.From1995to1999,Mr.LowrieservedontheboardofBankOneCorporation(nowJPMorganChase),includingonthatboard'sauditcommittee.HeholdsabachelorofchemicalengineeringdegreefromTheOhioStateUniversityandhasattendedtheExecutiveProgramattheUniversityofVirginia.Mr.LowrieisadirectorofTheOhioStateUniversityFoundationandatrusteeandchairmanoftheSouthCarolinachapterofTheNatureConservancy.HeischairmananddirectorofSCRTechnologies,Inc.,aprivatestart-uptechnologycompany.

WebelievethatMr.LowrieiswellqualifiedtoserveasamemberofourBoard.Mr.Lowriehasmanyyearsofexperienceinourindustry,includingoperating,financialandexecutiveexperience,and

16

TableofContents

webelievetheseexperiencesarecriticaltohisabilitytoidentify,understandandaddresschallengesandopportunitiesthatweface.Mr.Lowriealsohasextensiverisk-managementexperiencefromhistimeatBPAmocoandfromhisserviceonWilliams'AuditCommittee.

Kimberly S. Lubel. Ms.LubelhasbeenadirectorsinceDecember2011.ShehasservedasChairmanoftheBoard,PresidentandChiefExecutiveOfficerofCSTBrands,Inc.(apublicly-tradedretaileroftransportationfuelsandconveniencegoods)sinceMay2013.Ms.LubelhasalsoservedastheChairmanoftheBoardofthegeneralpartnerofCrossAmericaPartnersL.P.(apublicly-tradedmasterlimitedpartnership)sinceOctober2014,whenCSTBrandsacquiredthegeneralpartner.CSTBrandsenteredintoamergeragreementwithAlimentationCouche-TardInc.onAugust22,2016,andMs.LubelwillretirefromherpositionsatCSTBrandsandCrossAmericaPartnersfollowingtheclosingofthemerger.Theclosingisexpectedtooccurinthesecondquarterof2017.InJanuary2013,Ms.LubelbecameresponsiblefortheretailorganizationofValeroEnergyCorporation(alargeindependentrefineroftransportationfuelsandrelatedproducts)intheUnitedStatesandCanadaasExecutiveVicePresidentandPresidentRetail,andservedinthatcapacityuntilthespin-offoftheretailorganizationasCSTBrands,Inc.Ms.LubelpreviouslyservedfromOctober2008toDecember31,2012,asExecutiveVicePresidentandGeneralCounselforValerowithresponsibilityoverValero'slegal,advaloremtax,health,safetyandenvironmental,energyandgases,reliability,andprojectexecutiondepartments.ShejoinedValeroin1997asCorporateCounsel.FromApril2006toOctober2008,sheservedasSeniorVicePresident&GeneralCounsel.SheservedasleadattorneyformostofValero'smajoracquisitionsduringhertenurewithValero.Ms.LubelholdsaB.A.inSpanishandaB.A.ininternationalstudiesfromMiamiUniversity(Ohio),anM.A.ininternationalrelationsfromBaylorUniversity,andaJ.D.fromtheUniversityofTexasSchoolofLaw.SheisalsoagraduateoftheExecutiveProgramatStanfordUniversity.Ms.LubelservesontheTexasChristianUniversityChancellor'sAdvisoryCouncil.

WebelievethatMs.LubeliswellqualifiedtoserveasamemberofourBoard.Herchiefexecutiveofficerexperienceiscriticaltoherabilitytoidentify,understandandaddresschallengesandopportunitiesthatweface.Asaresultofherexecutiveexperience,Ms.Lubelalsohasanunderstandingofcompensationandcorporategovernanceissuesthatweface.Herexperienceasleadattorneyforcomplextransactionswellpositionshertoadviseonanytransactionsthatwemayconsider.Herfamiliaritywithlegalandregulatoryissues,includingexpertiseoncomplexhealth,safety,andenvironmentalmatters,alsopositionsherwelltoadviseonsuchissues.

Richard E. Muncrief. Mr.MuncriefwasappointedPresidentandChiefExecutiveOfficeroftheCompanyonMay15,2014,andonJanuary1,2017hewasappointedChairmanoftheBoardofDirectorsaswell.HehadearlierservedsinceJune2009asSeniorVicePresident,OperationsandResourceDevelopmentofContinentalResources,Inc.PriortojoiningContinental,hewasemployedfromAugust2008throughMay2009byResourceProductionCompany,whereheservedasCorporateBusinessManager.FromSeptember2007toAugust2008,heservedasPresident,ChiefOperatingOfficerandasadirectorofQuestMidstreamPartners,LP.From1980to2007,heservedinvariousmanagerialcapacitieswithConocoPhillipsanditspredecessorcompanies,BurlingtonResources,MeridianOilandElPasoExploration.Mr.MuncriefholdsaB.S.inpetroleumengineeringtechnologyfromOklahomaStateUniversity.Mr.MuncriefservedasadirectorofApcoOilandGasInternationalInc.("Apco"),amajority-ownedsubsidiaryoftheCompanyuntilJanuary2015,fromAugust2014untilJanuary2015.

WebelieveMr.MuncriefiswellqualifiedtoserveasamemberofourBoard.Mr.Muncriefhasmanyyearsofexperienceintheupstreamandmidstreamenergybusiness,andwebelievethisexperiencewillbecriticaltohisabilitytoidentify,understandandaddressthechallengesandopportunitiesthatweface.AsourPresidentandChiefExecutiveOfficer,withintimateknowledgeofourbusinessandoperations,Mr.MuncriefbringsavaluableperspectivetotheBoard.Further,we

17

TableofContents

believethatMr.Muncrief'sexperiencewithmanagingtheoperationsofalarge,publiccompanyisadvantageoustous.

David F. Work. Mr.WorkhasservedasadirectorsinceDecember2011.In2000,Mr.WorkretiredasRegionalPresidentfromBPAmocoCorporation(aglobalenergycompany)whereheservedinvariouscapacitiessince1987.AsRegionalPresident,Mr.WorkwastheseniorBPAmocorepresentativeintheGulfCoast,SouthwestandRockyMountainstates,andhisresponsibilitiesincludedcoordinatingthevicepresidentsofBPAmoco'ssevenexplorationandproductionbusinessunits,aswellastheleadersofthegas,power,oilandchemicalbusinesseslocatedinthearea.PriortoservingasRegionalPresident,Mr.WorkservedasaGroupVicePresidentinBPAmoco'sExplorationandProductionstreamandwasamemberofitsExecutiveCommittee.PriortothemergerbetweenBPandAmoco,Mr.WorkhadpositionsofincreasingresponsibilityatAmocoCorporation,includingSeniorVicePresidentofSharedServicesandGroupVicePresidentofworldwideexplorationfortheexplorationandproductionsector.Mr.WorkservedontheboardofdirectorsofCGGVeritasServiceHoldingsInc.(formerlyVeritasDGCInc.)from2004untilOctober2012.Since2009,hehasservedontheboardofdirectorsofHatCreekEnergy.Mr.WorkwasamanagementconsultantforTerraTek,aSchlumbergercompanyfortwoyears.Mr.WorkalsovolunteersasamemberoftheLandTrustAllianceAdvisoryCouncilandisamemberoftheboardoftrusteesoftheWyomingchapterofTheNatureConservancy,theTetonScienceSchoolandtheTetonRegionalLandTrust.HeholdsaB.A.ingeologyfromWesleyanUniversityandanM.S.ingeologyfromtheUniversityofCalifornia—SantaCruz.Mr.Workisinvolvedinseveralprofessionalorganizations,includingtheAmericanGeologicInstituteandtheAmericanAssociationofPetroleumGeologists.

WebelieveMr.WorkiswellqualifiedtoserveasamemberofourBoard.Mr.Workhasmanyyearsofexperienceinourindustry,includingoperatingandexecutiveexperience,andwebelievetheseexperiencesarecriticaltohisabilitytoidentify,understandandaddresschallengesandopportunitiesthatweface.Mr.Work'sextensiveexperienceinidentifyingexplorationandproductionopportunitiesisadvantageoustousasanindependentcompany.

CORPORATEGOVERNANCE

Overview

WPXiscommittedtohighstandardsofcorporategovernanceandethicalbusinessconduct.ImportantdocumentsthatarereflectiveofthiscommitmentincludeourCertificateofIncorporation,Bylaws,CorporateGovernanceGuidelines,chartersofthecommitteesofourBoardofDirectors,ourLeadDirectorCharter,andourCodeofBusinessConduct.Youcanaccessthesedocumentsatwww.wpxenergy.comunder"Investors"and"CorporateGovernance"tolearnmoreaboutourcorporategovernancepractices.

CorporateGovernancePractices

Someofourkeycorporategovernancepracticesinclude:

BoardStructure

• Majority Vote Standard. OurBylawsandCorporateGovernanceGuidelinesprovidethateachdirectormustbeelectedbyamajorityvoteinanuncontestedelection.OurCorporateGovernanceGuidelinesalsoprovidethatadirectornomineemustsubmitanirrevocableresignationeffectiveuponthefailuretoreceivemorevotescast"for"than"against"hisorherelectionorre-electionandBoardacceptanceofsuchresignation.

• Board Leadership Structure. TheBoardbelievesthatindependentleadershipisimportant.TheBoardalsobelievesthat,dependingonwhatappearstobeinthebestinterestsoftheCompany

18

TableofContents

anditsstockholdersatanygivenpointintime,itshouldbeabletochoosewhethertherolesofChairmanoftheBoardandChiefExecutiveOfficerarecombinedorseparate.IncaseswheretheBoardbelievesthatthoserolesshouldbecombined,theindependentdirectorswillselectfromamongthemselvesanindividualwhoactsasLeadDirector.ThedutiesandresponsibilitiesoftheLeadDirectoraresetforthinaLeadDirectorCharterthatisavailableonourwebsiteatwww.wpxenergy.com.TheindependentdirectorsassesstheBoard'sleadershipstructureannuallyandconductannualperformanceevaluationsofboththeChairmanoftheBoardandtheLeadDirector.WhenthepositionsofChairmanoftheBoardandChiefExecutiveOfficerarecombined,theperformanceevaluationoftheChairmanoftheBoardroleisinadditiontotheperformanceevaluationoftheChiefExecutiveOfficerrole.

BoardandBoardCommitteesCompositionandPerformance

• Limitation on Public Company Directorships. Adirectormaynotserveonmorethanfivepubliccompanyboardsofdirectors(includingtheCompany's).

• Resignation Upon Change in Status. Eachofourdirectorsisrequiredtoofferhisorherresignationuponamaterialchangeinhisorherstatus,includingachangeinhisorherprincipalbusinessassociations.

• Executive Sessions. OurBoardofDirectorsandeachBoardcommitteeregularlyconductexecutivesessionsofnon-managementdirectors.OurLeadDirectorpresidesovereachexecutivesessionofnon-managementdirectors.CommitteeChairspresideoverexecutivesessionsoftheirrespectivecommittees.

• Independent Advisors. OurBoardofDirectorsandBoardcommitteeshavetheauthoritytoretainindependentadvisors.

• Annual Performance Reviews. OurBoardofDirectorsandBoardcommitteesconductperformancereviewsannually.

• New Director Orientations. NewdirectorsarerequiredtocompleteanorientationprogramuponjoiningtheBoard,andalldirectorsaregiventheopportunityandareencouragedtoparticipateincontinuingeducationprograms.

GuidelinesandBoardPolicies

• Stock Ownership Guidelines. Wemaintainstockownershipandretentionguidelinesfordirectorsandexecutiveofficers.See"Compensation Discussion andAnalysis—Other Compensation Practices—Stock Ownership Guidelines" and"Director Compensation."

• Approval Procedures for Related-Person Transactions. Wehavearelated-persontransactionsapprovalpolicyregardingthereview,approvalandratificationofrelated-persontransactionsinvolvingamemberoftheBoard,oneofourexecutiveofficers,oranyimmediatefamilymemberoraffiliateofsuchindividuals.TheAuditCommitteeandinsomecasesthefullBoardofDirectorsoverseesthisprocess.See"CertainRelationshipsandTransactions."

• Recoupment Policy. WehavearecoupmentpolicythatrequirestheCompanytorecoverallperformance-basedincentivepaymentsfromseniorexecutives,includingallofournamedexecutiveofficers,foundbytheBoardofDirectorstobepersonallyresponsibleforthefraudorintentionalmisconductresultinginasignificantrestatementoftheCompany'sfinancialstatements.Inaddition,wewillseekrecoupmentfromallotherexecutiveofficersofanyamountspaidinexcessoftheawardthatwouldhavebeenpaidbasedontherestatedfinancialresults.See"Compensation Discussion and Analysis—Other CompensationPractices—Recoupment Policy."

19

TableofContents

• Communications Policy. WehaveacommunicationpolicythatoutlineshowstockholdersandotherinterestedpartiesmaycommunicatewiththeBoardofDirectors.See"BoardCommittees—CommunicationswiththeBoardofDirectors."

• Independent Compensation Consultant. OurCompensationCommitteehasthesoleauthoritytoretainorterminateitscompensationconsultantandannuallyreviewsitscompensationconsultant'sindependence.

• Environmental Policy. Wehaveanenvironmentalhealthandsafetypolicythatoutlinesourfocusonintegratingenvironmental,healthandsafetystewardshipintoourcorebusinessactivities.Consistentwiththispolicy,wehavepostedtoourwebsite(www.wpxenergy.com)areportthatsummarizestheeffortsweundertaketomanageandmitigateemissionsofmethane.

• Transactions in Company Securities (Anti-Hedging Policy). Ourinsidertradingpolicyprohibitsshortsalesofsharesofourcommonstockbydirectorsandexecutiveofficers.Italsoprohibitstheuseofequivalentderivativesecurities.

• Anti-Pledging Policy. Ourinsidertradingpolicyprohibitsourdirectors,officers,andkeyemployeesfromholdingoursecuritiesinamarginaccountorusingsuchsecuritiesascollateralforaloan.

IndependentAuditors

• Ratification of Auditor. Ourstockholdersannuallyratifytheselectionofourindependentregisteredpublicaccountingfirm.

• Limited Non-Audit Fees. The2016non-auditandnon-audit-relatedfeespaidtoourindependentregisteredpublicaccountingfirmwerelessthantwentypercentoftotalfeespaidtothatfirmbytheCompanyin2016.

CorporateGovernanceGuidelines

OurCertificateofIncorporationandBylaws,togetherwithDelawarelawandNYSEandSECrules,governtheCompany.OurCorporateGovernanceGuidelinessetforthmanyofthepractices,policiesandproceduresthatprovidethefoundationofourcommitmenttostrongcorporategovernance.ThepoliciesandpracticescoveredinourCorporateGovernanceGuidelinesincludeoperationoftheBoardofDirectors,Boardstructure,directorindependenceandBoardcommittees.OurCorporateGovernanceGuidelinesarereviewedatleastannuallybyourNominatingandGovernanceCommitteeandarerevisedasnecessary.

CodeofBusinessConduct

OurBoardhasadoptedaCodeofBusinessConductthatappliestoallemployees.OurCodeofBusinessConductispubliclyavailableonourwebsiteatwww.wpxenergy.com.AnywaiverofourCodeofBusinessConductwithrespecttotheChiefExecutiveOfficer,ChiefFinancialOfficerorController,orpersonsperformingsimilarfunctions,maybeauthorizedonlybyourAuditCommittee.Intheeventthatwemakeanychangesto,orprovideanywaiversfrom,theprovisionsofourCodeofBusinessConduct,weintendtodisclosesucheventsonourwebsiteorinareportonForm8-Kwithinfourbusinessdaysofsuchevent.

DirectorIndependence

OurCorporateGovernanceGuidelinesrequirethattheBoardmakeanannualdeterminationregardingtheindependenceofeachofourdirectors.BasedonanannualevaluationperformedbyandrecommendationsmadebytheNominatingandGovernanceCommittee,theBoardhasdeterminedthat

20

TableofContents

eachofourcurrentdirectors,otherthanMr.Muncrief,isindependentundertheNYSElistingstandardsandtherulesandregulationsoftheSEC.TheBoard'sdeterminationofindependencetookintoaccountthe"brightline"standardsoftheNYSEandthestandardsforindependencecontainedinourCorporateGovernanceGuidelines,aswellastheabsenceofanymaterialtransactionsorotherrelationshipsbetweentheCompany,ontheonehand,anddirectors,theirimmediatefamilymembersandotherassociates,ontheother.TheBoardreviewedtransactionsbetweentheCompanyandothercompanieswhereadirectorservesasanon-employeedirector,orwhereadirectororfamilymemberofthedirectorservesasanexecutiveofficer,andconcludedthatnosuchtransactionwascontrarytoafindingofindependence.

BoardLeadershipStructure

OurBoardbelievesthat,dependingonwhatappearstobeinthebestinterestsoftheCompanyanditsstockholdersatanygivenpointintime,itshouldbeabletochoosewhethertherolesofChairmanoftheBoardandChiefExecutiveOfficerarecombinedorseparate.SinceJanuary2017,thepositionsofChairmanoftheBoardandChiefExecutiveOfficerhavebeenheldbyMr.Muncrief.TheBoardbelievesthatMr.Muncrief'sleadershipindevelopingandexecutingtheCompany'sstrategysince2014andhisdeepknowledgeoftheCompany'soperationsenablehimtofacilitatetheBoard'sresponsibilitiesforoverseeingtheCompanyanddrivingitscontinuedeffortstocreatevalueforstockholders.AstheChairmanoftheBoardandChiefExecutiveOfficer,Mr.MuncriefwillbewellpositionedtoidentifykeyissuesthatcallfortheBoard'sattentionandguidance.

TheBoardalsobelievesthatindependentleadershipisimportant,andtheCompany'sGovernanceGuidelinescallfortheindependentdirectorstoselectfromamongthemselvesaLeadDirectorwhentheroleofChairmanoftheBoardiscombinedwiththeroleofChiefExecutiveOfficer.InJanuary2017,theindependentdirectorsselectedMr.LowrieasLeadDirector.Mr.Lowriehadpreviouslyservedseveralyearsasnon-executiveChairmanoftheBoard,andhisserviceandleadershipinthatcapacitywillcontributetohisabilitytofulfilltheroleofLeadDirectoreffectivelyandindependently.

ThecurrentleadershipstructureoftheBoardisreviewedannuallybytheindependentdirectors.Inaddition,theindependentdirectorsannuallyconductperformanceevaluationsofboththeChairmanoftheBoardandtheLeadDirector.WhenthepositionsofChairmanoftheBoardandChiefExecutiveOfficerarecombined,theperformanceevaluationoftheChairmanoftheBoardroleisinadditiontotheperformanceevaluationoftheChiefExecutiveOfficerrole.

ThedutiesandresponsibilitiesoftheLeadDirectoraresetforthinaLeadDirectorCharterthatisavailableonourwebsiteatwww.wpxenergy.com,andincludethefollowing:

• presidesatexecutivesessionsoftheindependentdirectorsandhastheauthoritytocalladditionalexecutivesessionsormeetingsoftheindependentdirectors;

• presidesatBoardmeetingsintheabsenceoftheChairmanoftheBoard;

• servesasprincipalliaisonbetweentheChairmanoftheBoardandtheindependentdirectors;

• assistsintheselectionandpreparationofmeetingschedules,agendasandmeetingmaterialsfortheBoard;

• isavailableforconsultationanddirectcommunicationwithmajorstockholdersunderappropriatecircumstances;

• interviews,alongwiththeChairmanoftheBoardandtheChairmanoftheNominatingandGovernanceCommittee,allBoardcandidates,andmakesrecommendationstotheNominatingandGovernanceCommittee;and

21

TableofContents

• oversees,inconsultationwiththeChairmanoftheBoard,theBoard'sannualgoalsandobjectives,whicharesubjecttoapprovalbythefullBoard.

TheBoardbelievesthatitisimportanttohavetheflexibilitytoputinplacealeadershipstructurethatpromoteseffectivegovernanceatangivenpointintimeandthat,underpresentcircumstances,thecurrentBoardleadershipstructureisinthebestinterestsoftheCompanyanditstockholders.

RiskOversight

Enterprise-Wide Risk Oversight. OurBoardoverseesmanagement'senterprise-wideriskmanagementactivities,eitherdirectlyorwiththeassistanceofitscommittees.Riskmanagementactivitiesincludeassessingandtakingactionsnecessarytomanageriskattendantonthelong-termstrategicdirectionandoperationofourbusiness.DiscussionswiththeBoardregardingtheCompany'scapitalandoperatingplan,businessresults,andcompetitiveenvironmentordinarilyincludeadiscussionoftherisksassociatedwiththeparticularitemunderdiscussion.TheBoard'scommitteesassistintheriskoversightfunctionasfollows:

• TheAuditCommitteeoverseesourfinancialcontrolsandcomplianceactivities,andregularlyevaluatessuchmattersasourfinancialreportinganddisclosure,ourrelationshipswithvendors,andourcapitalinvestmentandprojectexecution.Theenterpriseriskmanagementfunction,whichreportstoourChiefFinancialOfficer,assiststheCompanyinidentifyingandassessingtheCompany'smaterialrisks.TheCompany'sChiefInternalAuditor,whoalwayshasdirectaccesstotheAuditCommittee,assiststheCompanyinevaluatingriskmanagementcontrolsandmethodologies.Inconnectionwithitsoversightrole,theAuditCommitteeregularlymeetsprivatelywithrepresentativesfromtheCompany'sindependentregisteredpublicaccountingfirmandtheCompany'sChiefInternalAuditorandGeneralCounsel.

• TheCompensationCommitteeoverseesriskassociatedwithourhumancapitalandourcompensationpracticesandplans.

• TheNominatingandGovernanceCommitteeoverseesBoardprocessesandcorporategovernance-relatedrisk,includingrisksrelatedtoenvironmentalhealthandsafety,reputationandbranding,andlegislativeandregulatorymatters.

Enterprise-Wide Incentive Compensation Risk Assessment. WiththeoversightofourCompensationCommittee,weconductedariskassessmentoftheCompany'shumancapitalwithafocusonenterprise-widecompensationprograms.Theriskassessmentreviewedbothincentivecompensationplansandindividualincentiveawardspaidin2016forthepresenceofpotentialdesignelementsthatcouldincentemployeestoincurexcessiverisk.Theassessmentalsotookintoaccountthepresenceofotherdesignfeaturesthatservetomitigateexcessiverisk-taking,suchastheCompany'srecoupmentpolicy,stockownershipguidelines,andbalancedperformancemetrics.

Afterconsideringtheresultsoftheriskassessment,theCompensationCommitteeconcluded,anditsindependentadvisoragreed,thatthelevelofriskassociatedwiththeCompany'senterprise-widecompensationprogramsisnotreasonablylikelytohaveamaterialadverseeffectontheCompany.TheresultsoftheriskassessmentwerereviewedwiththeCompensationCommitteeatameetinginFebruary2017.Pleasesee"Compensation Discussion and Analysis—Other Compensation Practices—Consideration of Risk in Setting Executive Compensation" foradiscussionofdesignelementsintendedtomitigateexcessiverisk-takingbyourexecutiveofficers.

ExecutiveOfficers

Thefollowingpresentsabriefbiographicaldescriptionofeachofourexecutiveofficers(otherthanMr.Muncrief,whosebiographicalinformationappearsaboveunder"2017DirectorNominees").

22

TableofContents

ExecutiveOfficer BiographicalInformationDennisC.Cameron

Age54SeniorVicePresidentandGeneralCounsel

Mr.CameronwasnamedSeniorVicePresidentandGeneralCounseloftheCompanyinDecember2013.Priortothattime,Mr.CameronhadservedasVicePresidentandDeputyGeneralCounseloftheCompanysinceJuly2013andAssistantGeneralCounselfromJanuary2012toJuly2013.Mr.Cameronhasover25yearsoflegalexperience.HestartedhiscareerinMay1987atGableGorwals,afull-servicelawfirm.From2008,Mr.CameronwasamemberoftheBoardofDirectorsofthefirm.Mr.Cameronremainsofcounseltothefirm.Mr.Cameron'spracticeatGableGotwalsconsistedprimarilyofcomplexlitigationinvolvingenergyinterestsincludingthedefenseofclassactionsandincludedcommerciallitigationwithanemphasisinoil&gasissues,productsliabilityandenvironmentallaw.Mr.Cameronservedasnationalcounseltoamajoroil&gascompanyonroyalty,severancetaxesandquitammattersandregionalcounseltotwootheroil&gascompaniesonsimilarmatters.Mr.Cameronalsorepresentedthreemajoroil&gascompaniesonFederalandIndianoil&gasmattersrelatedtoproductionthroughouttheUnitedStatesandoffshore.Mr.CameronwasselectedasNationalProductsliabilitycounseltoaninternationaltoolmanufacturer.Mr.CameronreceivedaBachelorofScienceinMechanicalEngineeringfromtheUniversityofOklahomaandJurisDoctorfromtheUniversityofOklahomaCollegeofLaw.

ClayM.Gaspar

Age45SeniorVicePresidentandChiefOperatingOfficer

Mr.GasparhasservedasSeniorVicePresidentandChiefOperatingOfficersinceNovember2015.FromOctober2014untilNovember2015,heservedasSeniorVicePresidentofOperationsandResourceDevelopment.FromJuly2012untilOctober2014,Mr.GasparservedasVicePresident—Mid-ContinentforNewfieldExplorationCompany.PriortojoiningNewfield,Mr.Gasparspent16yearswithAnadarkoPetroleumCorporationwhereheservedasGeneralManagerofInvestorRelationsfrom2011-2012,GeneralManager,BusinessAdvisorfrom2009-2011andGeneralManager,EastTexasfrom2007-2009.From1996-2007,Mr.GasparservedinvariousengineeringandmanagementpositionsatAnadarko.Mr.GasparstartedhiscareerwithMewbourneOilCompanyasaproductionanddrillingengineerwhereheworkedpart-timeasastudentfrom1991-1995andthenfull-timefrom1995-1996.HeisamemberoftheSocietyofPetroleumEngineersandholdsaBachelorofSciencedegreeinPetroleumEngineeringfromTexasA&MUniversityandaMasterofSciencedegreeinPetroleumandGeosciencesEngineeringfromtheUniversityofTexasatAustinandisaRegisteredProfessionalEngineerinthestateofTexas.

23

TableofContents

ExecutiveOfficer BiographicalInformationBryanK.Guderian

Age57SeniorVicePresidentofBusinessDevelopment

Mr.GuderianhasservedasSeniorVicePresidentofBusinessDevelopmentsinceMay2016.Priortothattime,Mr.GuderianhadservedasSeniorVicePresidentofBusinessDevelopmentandLandfromOctober2014untilMay2016.Mr.GuderianhadservedasSeniorVicePresidentofOperationsfromDecember2011untilOctober2014.From1998untilDecember2011,Mr.GuderianservedasVicePresidentoftheExploration&ProductionunitofTheWilliamsCompanies,Inc.withresponsibilityforoperationalandcommercialmanagementofexplorationandproductionassetsintheMarcellusShale,theSanJuanBasinandotherbasins.Mr.GuderianalsohadresponsibilityforoverseeingWilliams'internationaloperations.HeservedasadirectorofApcoInternationalOilandGasInc.("Apco")from2002until2015andadirectorofPetroleraEntreLomasS.A.from2003until2015.Mr.GuderianservedasChiefExecutiveOfficerofApcofrom2013until2015.Mr.GuderianjoinedWilliamsin1991asagasmarketingrepresentative.Mr.GuderianholdsabachelorofbusinessadministrationdegreeinpetroleumlandmanagementfromtheUniversityofOklahoma.HeservesasadirectorofNGLEnergyPartners,LP.

J.KevinVann

Age45SeniorVicePresidentandChiefFinancialOfficer

Mr.VannhasservedasSeniorVicePresidentandChiefFinancialOfficerinMarch2014.Mr.VannhadalsoservedasTreasurerfromSeptember2014toNovember2014.PriortohisappointmentasSeniorVicePresidentandChiefFinancialOfficer,Mr.VannhadservedasVicePresident,ChiefAccountingOfficerandControllersinceDecember2011.FromJune2007untilDecember2011,Mr.VannservedasControllerfortheexplorationandproductionbusinessunitofWilliams.HewasControllerforWilliamsPowerCompanyfrom2006to2007andDirectorofEnterpriseRiskManagementforWilliamsfrom2002to2006.InhisControllerpositions,hewasresponsibleforthedevelopmentandimplementationofinternalcontrolstoensureeffectivefinancialandbusinesssystems,accuratefinancialstatementsandthetimelyprovisionofappropriateinformationandanalysistoassistinthestrategicmanagementofthecompany.AsDirectorofEnterpriseRiskManagementforWilliams,hewasresponsiblefortheaggregationandmeasurementofcommodityandcreditrisk.Mr.VannalsoservedasadirectorApcofrom2014to2015.Mr.VannholdsaB.S.inaccountingfromOklahomaStateUniversity.

BoardMeetingsandAnnualMeetingAttendance

DirectorsareexpectedtoattendBoardmeetings,meetingsofcommitteesonwhichtheyserveandtheAnnualMeetingofStockholders.DuringtheyearendedDecember31,2016,theBoardofDirectorsheldninemeetings.AlldirectorswhoweremembersoftheBoardofDirectorsin2016attendedatleast75%ofthemeetingsoftheBoardandanyBoardcommitteesofwhichtheyweremembers.Eachofourdirectorsattendedour2016AnnualMeetingofStockholders.

24

TableofContents

BoardCommittees

TheBoardofDirectorshasestablishedthreestandingcommittees:theAuditCommittee,theCompensationCommitteeandtheNominatingandGovernanceCommittee.ThesecommitteeshelptheBoardofDirectorsfulfillitsresponsibilitiesandassisttheBoardofDirectorsinmakinginformeddecisions.Eachcommitteeoperatespursuanttoawrittencharter,eachofwhichisavailableonourwebsiteatwww.wpxenergy.com,andevaluatesitscharterandconductsacommitteeperformanceevaluationannually.

Thedirectorsserveonthecommitteesassetforthbelow.

AuditCommittee

TheAuditCommitteeconsistsofMessrs.Herdman(Chair),Carrig,andKindick,eachofwhomisanindependentdirectorundertheNYSElistingstandardsandtherulesandregulationsoftheSECandeachofwhomisfinanciallyliterate.TheBoardofDirectorshasdeterminedthateachofMessrs.Carrig,HerdmanandKindickhasaccountingorrelatedfinancialmanagementexpertiseandisqualifiedasan"auditcommitteefinancialexpert"asdefinedbytherulesandregulationsoftheSEC.YoushouldunderstandthatthesedesignationsaredisclosurerequirementsoftheSECandtheNYSErelatingtothemembers'experienceandunderstandingofaccountingandauditingmatters.ThesedesignationsdonotaffecttheobligationsorliabilityofBoardorAuditCommitteemembersgenerally.TheAuditCommitteeisresponsibleforoverseeingouraccountingandfinancialreportingprocessesandauditsofourfinancialstatements,publicdisclosureandcomplianceactivitiesandfortheselectionandretentionoftheindependentregisteredpublicaccountingfirm.TheAuditCommitteeheldeightmeetingsin2016.

CompensationCommittee

TheCompensationCommitteeconsistsofMessrs.Granberry(Chair),Lentz,andWork,eachofwhomisanindependentdirectorundertheNYSElistingstandardsandtherulesandregulationsoftheSECandeachofwhommeetsthedefinitionofanoutsidedirectorundertheInternalRevenueCodeof1986,asamended(the"IRC").TheCompensationCommitteeisresponsibleforoverseeingthedesignandimplementationofstrategicexecutivecompensationprogramsthatpromotetheattraction,retention,andappropriaterewardofexecutiveofficersandaredesignedtomotivatetheCompany'sexecutiveofficerstowardtheachievementofbusinessobjectivesandtoaligntheexecutiveofficers'focuswiththelong-terminterestofthestockholders.TheCompensationCommitteealsomakesrecommendationstotheBoardregardingthecompensationofourChiefExecutiveOfficerandassiststheBoardinfulfillingitsresponsibilitytooverseetheestablishmentandadministrationoftheCompany'scompensationprograms,includingincentivecompensation,equity-basedplans,andrelatedmattersforemployeessubjecttoSection16oftheSecuritiesExchangeActof1934,asamended(the"ExchangeAct").TheCompensationCommitteealsomonitorscompliancebydirectorsandtheexecutiveofficerswiththeCompany'sstockownershipguidelines.TheCompensationCommitteeheldninemeetingsin2016.

NominatingandGovernanceCommittee

TheNominatingandGovernanceCommitteeconsistsofMr.Lorch(Chair),Ms.LubelandMr.Kurz,eachofwhomisanindependentdirectorundertheNYSElistingstandardsandtherules

25

Audit Compensation NominatingandGovernanceRobertK.Herdman,Chair WilliamR.Granberry,Chair GeorgeA.Lorch,ChairJohnA.Carrig HenryE.Lentz KimberlyS.LubelKeltKindick DavidF.Work KarlF.Kurz

TableofContents

andregulationsoftheSEC.TheNominatingandGovernanceCommittee'sdutiesincludeindentifyingandrecommendingqualifiedindividualstobeproposedasnomineesforelectiontotheBoardattheannualmeetingofstockholdersanddeveloping,reviewingannuallyandrecommendingtotheBoardchangestoourCorporateGovernanceGuidelines.TheNominatingandGovernanceCommitteealsoreviewsthesizeandcompositionoftheBoardanditscommitteesandrecommendsanychangestotheBoard,establishesaprocessforandassessesdirectorindependenceandoverseestheevaluationoftheBoardanditscommittees.TheNominatingandGovernanceCommitteeheldfourmeetingsin2016.

CommunicationswiththeBoardofDirectors

Anystockholderorotherinterestedpartymaycommunicatewithourdirectors,individuallyorasagroup,theLeadDirector,ortheindependentdirectorsasagroup,bycontactingourCorporateSecretaryortheChairmanoftheBoard.ThecontactinformationismaintainedontheInvestorRelationspageofourwebsiteatwww.wpxenergy.com.

Thecurrentcontactinformationisasfollows:

WPXEnergy,Inc.

3500OneWilliamsCenterTulsa,Oklahoma74172Attn:CorporateSecretary

Wewillforwardcommunicationstotherelevantdirector(s)unlessthecommunicationsareofapersonalnatureornotrelatedtothedutiesandresponsibilitiesoftheBoardofDirectors,including,withoutlimitation,junkmail,massmailings,businesssolicitations,spam,surveysandroutineproductorbusinessinquiries.

26

TableofContents

EXECUTIVECOMPENSATION

ExecutiveSummary

Buildingonthegroundworklaidduring2015,wedeliveredsolidresultsin2016,includingsignificantlyimprovedshareholderreturn.InJanuary,ourexecutiveofficersintroducedfivestrategicimperativestoenableourcompanytomaintainfocusdespitetremendouspressurefrommarketconditions.Thesestrategicimperativeswere:

• Integrity&Trust:maintaininghighethicalstandardsanddoingtherightthingforourstakeholders

• FinancialHealth:actingpromptlyandprudentlytoensureourfinancialwell-being

• OperationalExcellence:buildingadata-drivenlearningculturefoundedontop-tieroperationalcompetency

• PortfolioOptimization:criticallyevaluatingeachassettoimprovethequalityandsizeofourportfolio

• OrganizationalDevelopment:retainingtheindustry'sbestpeopleandprovidinganorganizationalstructurethatpromotesproductivity

Duringtheyear,ourexecutiveofficersledeffortstoachievesustainablegrowthbaseduponourworld-classassets.Specificaccomplishmentsfor2016include:

• Loweringwellcostandincreasingestimatedunitsofrecovery("EURs")acrossallbasins

• Decouplingand/orself-sourcingdrillingandcompletionservicestoachieveadditionalcostsavings

• Settingacompanyrecordforoilproductioninthefourthquarter

• Increasingoutputbycompletingthedrilledbutuncompleted("DUC")inventoryintheWillistonbasin

• Achievingareservesreplacementrateinbasinswecontinuetooperateof317%

• PlacingthefirstsegmentofthePermianbasincrudelineinservice

• Retiringoutstanding2017seniornotesaheadofschedule

Inaddition,ourtotalshareholderreturnin2016wasthehighestofourpeergroup,at154%comparedtoaverageTSRofourpeercompaniesof46%.

Our2016annualincentivemetrics—ProductionVolume,AdjustedEBITDAX,DevelopmentEfficiencies,andaDiscretionarycomponent—effectivelyincentedourexecutiveofficerstofocusonthestrategicimperativestodeliverimprovedshareholderreturn.Ourexecutivemanagementteamsuccessfullynavigatedthroughasignificantindustrydownturn,positioningthecompanyforsubstantial,sustainablegrowthatcurrentstrippricing.

Underourannualincentiveplan,weawarded165%oftargetbaseduponperformanceagainstpre-definedmetricsandtheDiscretionarycomponent.Overtwo-thirdsoftheannualincentiveawardwasattributabletothethreequantifiablemetrics,andslightlylessthanone-thirdresultedfromtheDiscretionarycomponent.Thisallocationofthefinalawardpayoutisroughlyinlinewiththeannualincentivemetrics,ofwhich70%werequantifiableand30%wasdiscretionary.See"Annual Cash Incentive" foradditionalinformationabouttheannualincentivemetricsandhowtheawardwascalculated.

27

TableofContents

Ourlong-termincentiveplanpaidoutattarget.Themetricforthelong-termincentiveawardwasTotalShareholderReturn("TSR")relativetoourpeergroup.TSRoverthethree-yearperformanceperiod,2014-2016,wasinthe64thpercentileofourpeergroup,orinthesecondquartile.Althoughthepayoutrangeadoptedatthetimetheseperformance-basedRSUsweregrantedprovidedforapayoutat150%forthislevelofperformancerelativetoourpeers,thepayoutfortheseunitswascappedat100%becauseabsoluteTSRovertheperformanceperiodwasnegative.See"Vesting of 2014 Performance-Based RSUs" foradditionalinformationaboutthisaward.

Duetothelowmarketvalueforourcommonstockinthefirstquarter,uncertaintiesinthebroaderE&Pmarket,andaplannedreorganizationofourcompany,ourCompensationCommitteedecidedtodelaytheannualequitygrantuntilMay19.Thisdelayavoidedinflatingtheannualgrantduetoourlowfirst-quarterstockpriceandreducedthetotalsizeoftheannualequitygrantby1,542,971shares.See"Long-Term Incentives "fordetailsaboutthe2016annualequitygrantandresultingreductioninthenumberofsharesgranted.

CompensationDiscussionandAnalysis

Ourexecutivecompensationprogramincludesseveralfeaturesdesignedtoaligntheinterestsofourexecutiveofficerswiththeinterestsofourstockholders:

• ThemajorityofcompensationpaidtoourCEOisperformance-based

• Weuseabalancedapproachtoperformancemetricstofocusexecutiveofficersonexecutingourstrategywhilediscouragingexcessiverisk-taking

• Ourstockownershipguidelinesrequireourexecutiveofficerstohaveasignificantstakeinourlong-termsuccessandaligntheirinterestswithstockholderinterests

• OurCompensationCommitteeregularlyreviewsoverhanglevelsandtheannualrunrate

• Ourrecoupmentpolicyrequiresrecoveryofallperformance-basedincentivepaymentsfromexecutiveofficersfoundtoberesponsibleforfraudorintentionalmisconductthatresultsinasignificantrestatementofourfinancialresultsaswellasrecoupmentfromallotherexecutiveofficersofanyamountspaidinexcessoftheawardthatwouldhavebeenpaidbasedontherestatedfinancialresults

• Ourchange-in-controlagreementshaveadoubletriggerforcashpayments,equityawards,andotherbenefitssotheyarenottriggeredsolelyonachange-in-control

• WeprovideverylimitedperquisitestoourNEOs

• OurCompensationCommitteeengagesanindependentcompensationconsultanttoprovidecompetitivemarketdataforourexecutiveofficersandtoleaddiscussionsontrendswithinourindustry

• Whenmakingcompensationdecisions,ourCompensationCommitteeusestallysheetstoconsidertotaloutstandingequityvalueandestimatesofamountsthatwouldbepaidinvariousterminationscenarios

Inaddition,wehaveadoptedpoliciesandprovisionstoensurewedonotengageinpracticesthatcouldbedetrimentaltostockholders:

• Ourperformance-basedRSUprogramprohibitspayoutsinexcessof100%oftargetifabsoluteTSRisnegative,regardlessoftherankingofourTSRrelativetopeers

• Otherthanthelimited-term,three-yearemploymentcontractenteredintowithourCEOinconnectionwithhisrecruitment,wedonotprovideemploymentcontractstoanyofourexecutiveofficers

28

TableofContents

• Wedonotprovidegross-upstocoverpersonalincometaxesthatpertaintoseverancebenefitsorthelimitedperquisitesweoffer

• Ourinsidertradingpolicyprohibitsshortsalesofourcommonstockandtheuseofequivalentderivativesecuritiesbyourdirectorsandexecutiveofficers

• Wedonotpermitourdirectorsorexecutiveofficerstoengageinmargintradingofourstock

• Ouranti-pledgingpolicyprohibitsourdirectorsorexecutiveofficersfromholdingourcommonstockinamarginaccountorpledgingourcommonstockascollateralforaloan

• Ourincentiveplanprohibitsthebackdatingofstockoptionsandtherepricingofstockoptionswithoutstockholderapproval

CompensationPhilosophy

Weprovideacompetitivetotalrewardsprogramdesignedtoattract,engage,reward,andretainhighlyeffectiveexecutiveofficerstodeliveronourbusinessplananddriveresultsthatincreasestockholdervalue.WeintendtomaintaincompensationprogramsthatareinthebestinterestofWPXandourstockholderswhilerewardingourexecutiveofficersthroughapaymixthatbalancesshort-andlong-termperformanceanddiscouragesexcessiverisk-taking.Establishingthepropercompensationmixiscriticaltoourpay-for-performanceapproachinengagingexecutiveofficerstocarryoutourbusinessstrategy.

OurCompensationCommitteebelievespayforourexecutiveofficersshouldemphasizeperformance-basedrewardsandtheuseofequity.Performance-basedcompensation,whichincludestheAnnualIncentiveProgram("AIP")andperformance-basedRSUs,comprisesamajorportionofourexecutivecompensation,whilebasesalaryisamuchsmallerpercentage.Equity,whichdirectlyalignsourexecutiveswithstockholders,comprisesamuchgreaterportionofcompensationtoourNEOsthancashcompensation.

Weimplementourcompensationphilosophyby:

• makingamajorityofCEOpayperformance-based,subjecttoincreasewhenweexceedperformancetargetsandreductionwhenwedonotachieveperformancetargets

• tyingpaytoperformancemetricsthatencompassbothshort-andlong-termgoalsandencourageprofitablegrowthwhilediscouragingexcessiverisk-taking

• deliveringamajorityofcompensationintheformofequity,whichdirectlytiestheinterestsofourNEOstostockholdersandcausesthevalueoftheircompensationtovarybaseduponourstockprice

DeterminationofTotalCompensation

Role of our Compensation Committee and Board of Directors

OurCompensationCommitteeoverseesthedesignandimplementationofourcompensationprograms,includingsettingperformancemetricsandgoalsforourannualandlong-termincentives,andapprovescompensationfortheNEOs,exceptfortheCEO.FortheCEO'scompensation,theCommitteemakesrecommendationstotheindependentmembersoftheBoardofDirectors,whichhasresponsibilityforapprovingtheCEO'scompensation.TheCommitteemakesdecisionswithrespecttoexecutiveofficercompensationbasedonthefollowingfactors:

• theperformanceofeachexecutiveofficerandthevalueoftheroletoWPX

• marketdatafromourpeergroup,thebroaderE&Pindustry,andgeneralindustry

29

TableofContents

• internalpayequityconsiderations,suchasrelativescopeofresponsibilityofeachposition

• inputfromtheCEO(forexecutiveofficersotherthanhimself)

• inputfromtheCommittee'sindependentcompensationconsultant

ThroughoutthisCD&A,whenreferencesaremadetodecisionsabouttheCEO'scompensation,thoseweremadebytheindependentmembersoftheBoardofDirectorsafterconsideringtherecommendationoftheCommittee.

Consideration of 2016 Stockholder Advisory Vote to Approve 2015 Executive Compensation

In2016,wereceivedafavorableadvisoryvoteonourexecutivecompensationprogram,withapproximately96percentoftheCompany'ssharesvotinginfavoroftheexecutivecompensationprogram.OurCompensationCommitteedidnotchangeitsapproachin2016basedontheresultsoftheadvisoryvote.TheCommitteewillcontinuetomonitorandconsidertheoutcomesoftheannualadvisoryvotesonourexecutivecompensationprogramwhenmakingdecisionsforourexecutiveofficers.

Role of the Compensation Committee's Independent Compensation Consultant

OurCompensationCommitteeretainsanindependentconsultant,FWCook,toadviseonexecutiveanddirectorcompensationmatters,assesstotalcompensationlevelsandelementsofpayforexecutiveofficers,evaluatecompetitivecompensationtrends,andidentifyanappropriatepeergroupforexecutivecompensationplanning.Inaddition,theindependentcompensationconsultantmanagestheprocessbywhichtheBoardofDirectorsevaluatestheCEO'sperformance.TheCommitteemeetswithitsindependentconsultantwithinandoutsidethepresenceofmanagementandhasthesoleauthoritytoretainandterminateitsindependentconsultant,includingsoleauthoritytoapproveitsfeesandretentionterms.FWCookprovidesnootherservicestoWPXanddoesnotperformanyworkformanagement.

ConsistentwiththerequirementinourCompensationCommitteecharter,theCommitteeannuallyreviewstheindependenceofitscompensationconsultantconsideringthefactorssetforthintheNYSElistingstandards.For2016,theCommitteefoundthatFWCookcontinuestomeettheNYSElistingstandardsforindependence.

Role of Management and Executive Officers

AlthoughmanagementprovidesinputtotheCompensationCommitteeasitsetsperformancemetricsandgoalsforourannualandlong-termincentives,managementdoesnotsetcompensationforourexecutiveofficers.OurCEOprovideshisevaluationoftheperformanceoftheexecutiveofficersthatreporttohimandmakescompensationrecommendationstotheCommittee,whichthendeterminescompensationfortheseexecutiveofficers.OurCEOalsoprovidesanassessmentofhisownperformancetoboththeCompensationCommitteeandBoardofDirectorsbutdoesnotparticipateintheprocessofsettinghisowncompensation.

Competitive Positioning

OurCompensationCommitteemakesdecisionsabouttheappropriatemixbetweenfixedandvariablepayandbetweencashandequity.TheCommitteemakesthesedecisionsinthecontextofthecompetitivemarketforexecutivetalent,whilealsoconsideringhoweachelementofpayfurtherstheobjectivesofourcompensationprogram.Toevaluatethismarket,theCommittee,withtheadviceandassistanceofitsindependentcompensationconsultant,considersproxydataandsurveydatafromadesignatedgroupofpeercompanies,alongwithsurveydatafromabroadergroupofE&Pcompaniesand,toalesserextent,generalindustrycompanies.

30

TableofContents

Withinputfromitsindependentcompensationconsultant,theCommitteeusedthefollowingselectioncriteriatoidentifyourgroupofpeercompanies:

• U.S.Oil&GasE&Pcompanies

• Scaleintermsofenterprisevaluewithadditionalconsiderationgiventoassetsize,marketcapitalization,andrevenue

• Whetherthecompanyisacompetitorforbusiness,investorcapital,orexecutivetalent

• Whetherthecompanyhasasimilarcorporatestructurefocusedonhorizontaldrillingusinghydraulicfracturingtechnologyineithermultiplebasinsorinasinglebasinstrategictoourbusiness

Usingthesecriteria,inNovember2015theCommitteeidentifiedthecompanieslistedbelowasthepeergroupforexecutivecompensationmarketevaluationsfor2016.

Ourmethodologyforselectingpeercompanieshasresultedinincludingsomecompaniesthatarebothsmallerandlargerthanweare.TheCommitteehasdetermineditisimportanttoincludethesecompaniesinthepeergroupbecausewecompetedirectlywiththemforbothbusinessandtalentandbecauseoftheirinfluenceonthemarketforexecutivetalentintheE&Pindustry.

TheCommitteeevaluatesthecompaniescomprisingthepeergroupannuallyandmakeschangesasnecessarytoconfirmWPXisusingtheappropriategroupofcompanies.For2016compensationdecisions,theCommitteedecidedtoreplaceDevonEnergywithWhitingPetroleumbecauseWhiting'senterprisevalueandassetfocusismorecloselyalignedwiththatofWPX.Subsequenttoidentifyingthecompanieslistedabove,SandRidgeEnergy,Inc.wasdelistedbytheNewYorkStockExchange,andUltraPetroleumCorporationfiledforbankruptcyprotection.Asaresult,thepeergroupsetbytheCommitteeforevaluatingperformanceunderthe2016performance-basedRSUsdiffersslightlyfromthepeergroupdescribedabove.See"Performance-Based Restricted Stock Units" belowforalistofpeercompaniesusedforevaluatingperformanceunderthe2016performance-basedRSUs.

Use of Tally Sheets and Wealth Accumulation Analysis

Whenmakingexecutivecompensationdecisions,ourCompensationCommitteereviewscomprehensivetallysheetinformationforeachofourexecutiveofficers.ThesetallysheetsarepreparedbymanagementandreviewedbytheCommittee'sindependentcompensationconsultant.Thetallysheetsquantifytheelementsofeachexecutiveofficer'stotalcompensation,includingtotaloutstandingequityandestimatesofamountsthatwouldbepaidintheeventofachange-in-controlandotherterminationscenarios.

31

CabotOil&GasCorporation QEPResources,Inc.ChesapeakeEnergyCorporation RangeResourcesCorporationCimarexEnergyCompany SandRidgeEnergy,Inc.ConchoResourcesInc. SMEnergyCompanyEnergenCorporation SouthwesternEnergyCompanyLaredoPetroleum,Inc. UltraPetroleumCorporationNewfieldExplorationCompany WhitingPetroleumCorporationPioneerNaturalResourcesCompany

TableofContents

ElementsofourCompensationProgram

Our2016executivecompensationprogramincludedthefollowingfourelements.Eachelementisdesignedtoachieveaspecificobjectivethat,whenbalancedwiththeotherelements,achievesourpay-for-performancephilosophyandalignstheinterestsofourexecutiveswithourstockholders.

Inallocatingamongtheelementsofourcompensationprogram,ourCompensationCommitteeevaluatesmarketdatawhilealsoconsideringourcompensationphilosophy.See"Compensation Philosophy" foradiscussionofhowourCommitteeimplementsthisphilosophy.

Althoughbasesalaryandannualcashincentivesareimportantcomponentsofanexecutiveofficer'stotalcompensation,equityisthemostsignificantelement.FortheCEO,long-termincentivesmakeup75%ofhistargettotaldirectcompensation("TTDC").ForotherNEOs,onaverage,long-termincentivesare67%ofTTDC.

32

TableofContents

2016PayMix

Base Salary

Attractingandretainingtalentwithacompetitivebasesalaryisthefirstbuildingblockofourcompensationprogram.Ourbasesalariesareintendedtohelpattracthighlyqualifiedcandidatesandprovideastablesourceofincomesoourexecutiveofficerscanfocusonday-to-dayjobresponsibilities.

OurCompensationCommitteegenerallysetsbasesalarylevelsforourexecutiveofficersinFebruaryofeachyear.BecauseofcontinuedchallengesintheE&Pindustryduetolowcommodityprices,theCommitteemadenochangestothebasesalariesforourexecutiveofficers,exceptforourCFOJ.KevinVann.BecausethecompetitivemarketassessmentrevealedthatMr.Vann'sbasesalaryfellbelowthe25thpercentileofthemarket,theCommitteeapprovedan7.4%basesalaryincreaseforhim,whichbroughthisbasesalarycloserto,butstillbelow,themedianofthepeergroup.WithMr.Vann'sadjustment,basesalariesfor2016were:

TheCommitteeconsidersmarketdatafromourpeergroupaswellasabroadergroupofE&Pcompaniesandgeneralindustrydatawhensettingthebasesalaryforourexecutiveofficers.Theactualbasesalaryforanexecutiveofficermaybeaboveorbelowthetargetmedianbasedonfactorssuchasexperienceinthecurrentandpastpositions,performance,knowledgeandexpertise,andinternalequity.

33

CEO OtherNEOs

Executive 2015BaseSalary 2016BaseSalary DollarIncrease PercentIncrease RichardE.Muncrief $ 840,000 $ 840,000 $ 0 0%J.KevinVann $ 426,000 $ 460,000 $ 34,000 7.4%ClayM.Gaspar $ 500,000 $ 500,000 $ 0 0%BryanK.Guderian $ 412,000 $ 412,000 $ 0 0%DennisC.Cameron $ 364,000 $ 364,000 $ 0 0%FormerExecutive

MarciaM.MacLeod* $ 341,000 $ 341,000 $ 0 0%

* Ms.MacLeodservedasSeniorVicePresident—HumanResourcesandAdministrationuntilsheretiredinconnectionwiththeeliminationofherpositiononJuly15,2016.

TableofContents

Annual Cash Incentive

OurexecutiveofficersareeligibleforcashincentiveseachyearunderourAIP.TheAIPrepresents13%ofourCEO'sTTDCand14%ofTTDCforourotherNEOs.TheAIPisperformance-basedcompensationunderIRCSection162(m)andisdesignedtofocusexecutiveofficersonachievingtheannualbusinessplanlinkedtoourstrategy.Executionagainsttheannualplanisimportanttodrivelonger-termstockholdervaluebycreatingfinancialstrength,managingcosts,andinvestinginprojectsthatwilldeliverfuturevalue.Weemploybalancedperformancemetricstofurtherspecificobjectivesofourstrategy,suchasachievementofplan,costmanagement,cashflow,capitalefficiency,andsafety.

For2016,theCompensationCommitteesettheAIPperformancemetricsasAdjustedEBITDAX,ProductionVolume,DevelopmentEfficiencies,andTotalRecordableIncidenceRate("TRIR")alongwithaDiscretionarycomponent.TRIRwasweightedat10%anddefinedtobe"thenumberofOSHArecordableinjuriesrequiringmedicaltreatmentbeyondsimplefirstaidduringthecalendaryearmultipliedby200,000anddividedbyannualhoursworkedbyWPXemployees."OnMay12,2016,theOccupationalSafetyandHealthAdministration("OSHA")publishedafinalrulestatingthatincentiveprogramsofferingincentivesforzeroaccidentsorlowratesofrecordableinjuriesviolatetherulebecausetheydiscourageemployeesfromreportingincidents.Uponadvicefromlegalcounsel,theCommitteeremovedTRIRfromthe2016incentiveplanandallocatedthe10%weightingpreviously

34

TableofContents

assignedtoTRIRtotheDiscretionarycomponent.FollowingthischangeinresponsetotheOSHArule,the2016AIPperformancemetricsandweightingswere:

35

Metric Objective Definition Weighting AdjustedEBITDAX

CashFlow

Earningsbeforeinterestexpense,incometaxes,depreciation,depletionandamortization,andexplorationexpenses.Impactfromdiscontinuedoperations,expensesrelatedtotheheadcountreductionsandtheOKCofficeconsolidation,buyoutoffirmtransportationcontracts(post-Piceance),andnon-cashitemssuchasimpairmentsandmark-to-marketmovementsrelatedtocommodityhedgesisremoved. 30%

ProductionVolume

Production Volumesasreportedpubliclyinfinancialresultsbasedonsalesofoil,gas,andnaturalgasliquids 20%

DevelopmentEfficiencies

CapitalEfficiency

Drilling&CompletioncapitaldividedbyEstimatedUltimateRecoveryforwellswithfirstsalesfromJanuary1throughSeptember30,2016 20%

Discretionary(*)

OverallCompanyPerformance

Basedonfactorssuchasperformance-relatedprior-yearreserverevisions,Piceancedivestitureexecution,organizationalrationalization,costinitiatives,maintainingliquidity,andotheritemsthatreflectonoverallWPXperformance 30

%(*)

* TheCommitteeoriginallyadopteda20%weightingfortheDiscretionarycomponent.UponadvicefromlegalcounseltoeliminatetheTRIRmetricinresponsetotheOSHAregulation,the10%weightingpreviouslyassignedtoTRIRwasallocatedtotheDiscretionarycomponent.

TableofContents

TheCommitteesetthesemetricsfor2016tofocusourNEOsonoutcomesvaluedbythemarket,specificallybalancesheetstrength,liquidity,andgrowth.Changesfrom2015AIPinclude:

• Changedtheweightingfrom30%ProductionVolumeand20%AdjustedEBITDAXto20%ProductionVolumeand30%AdjustedEBITDAXtorecognizeboththatproductionwouldbeimpactedbythecommoditypricesandcapitalspendingwhileweworkedtoimprovemarginsandgrowliquidity

• TocreategreatertransparencyandminimizethecommoditypriceimpactonAIP,"DevelopmentEfficiencies"replacedDrillingFindingandDevelopment.TheDevelopmentEfficienciesmetricincorporatesthedrillingandcompletionscapitalandtheestimatedultimaterecoveryfromthewell.Onlywellswithatleast90daysofproductionwereusedtocalculatethe2016AIPaward.Therefore,wellswithfirstsalesthatoccurredafterSeptember30werenotincludedincalculatingthe2016AIPaward.UsingtheDevelopmentEfficienciesmetric:

• continuestoencourageefficientuseofcapitaldollars

• providesforastrongeralignmenttocapitaldollarsspentoneachwell

• createsincentivestohitproductiongoalsforeachwell

• eliminatestheimpactofotherfactorssuchasfuturedrillingprogramsandlonger-termcommoditypricing

• TheCommitteealsodesignated20%ofthetargetawardas"Discretionary"tohelptoensuretheamountofanycashincentivespaidtoexecutivesreflectsotherfactors,notcoveredbytheothermetrics,thataddtooursuccessornegativelyimpactsstockholders.Thisdiscretionarycomponentfurtherensurestheannualcashincentivesarealignedbothwiththeinterestsofstockholdersandthereturnsstockholdersexperiencethroughouttheyear.TheCommitteeadoptedthismetricwiththerecognitionthattherewereseveralcriticalobjectivesfortheNEOstoaccomplish,suchassuccessfullyclosingthesaleofPiceanceassets,restructuringtheorganizationandreducingheadcounttoreflectasmaller,morefocusedcompany,aligningG&Atobetterreflectthetransformedorganization,andmaintainingliquidity,allofwhicharedifficulttomeasurethroughmoretraditionalmetrics.Asdiscussedabove,followingeliminationofTRIRinresponsetotheOSHArulemaking,theDiscretionarycomponentwasweightedat30%.

InadditiontothisDiscretionarycomponent,theCommitteeretainsdiscretiontoreducethetotalAIPawardifitbelievesdoingsoisinthebestinterestofstockholders.

OurBoardofDirectorsengagesinarigorousprocesseachyearwhensettingtheannualbusinessplan.OurCompensationCommitteethenconsiderstheannualbusinessplanwhensettingtheAIPtargets.Becauseweusedambitiousassumptionswhenwedevelopedthe2016annualbusinessplan,theCompensationCommitteebelievedsettingAIPtargetstotheannualbusinessplanensuredasufficientlevelofdifficultysothatachievingthegoalswouldgeneratestockholdervaluecreation.Theassumptionsintheannualbusinessplanincluded:

• Oiltradingat$40perbarrelandnaturalgastradingat$2.50perMMBtu

• Generalandadministrativeexpensesofonly$175MMwhilethethen-currentrunratewas$225MM

• A25%increaseintheaveragenumberofwellsdrilledin2015

36

TableofContents

Thetablebelowshowsthethreshold,target,andmaximumpayoutlevelsforeachperformancemetric,aswellasactualperformanceresultsagainstthethreequantifiablemetrics.

TheCommitteedeterminedtheactualAIPawardstobepaidtotheNEOsbasedon:

• performanceagainsttargetsforthethreeformulaicperformancemetricsinthetableabove

• theCommittee'sassessmentoftheCompany'soverallperformanceandattainmentofcriticalobjectivesasreflectedintheDiscretionarymetric(see below)

• individualperformanceofeachexecutive,thoughnoadjustmentsforindividualperformanceweremadein2016

InevaluatingtheperformanceoftheNEOsinordertosettheawardpayoutpercentagefortheDiscretionarycomponent,theCommitteeconsideredfinancialandoperationalaccomplishmentsduringtheyear.Highlightsoftheseaccomplishmentsinclude:

• RaisedEURinthePermianby34%andWillistonby13%

• Increasedliquiditytoapproximately$1.5billion

• Successfullynavigatedthroughchallengescreatedbylowcommoditypricesinthefirstquarterof2016

• CompletedthePiceancedivestitureandeliminatedthePiceancetransportobligations

• Continuedorganizationalchangestotransformthecompanyandbemoreefficientandnimblemovingforward

37

PerformanceMetric Weighting Threshold(1) Target(1) Maximum(1) ReportedResults

AttainmentResults

AttainmentAgainstTarget

AwardPayout(3)

AdjustedEBITDAX($Million) 30% $ 389 $ 458 $ 527 $ 475 $ 499(2) 108.9% 40.2%%ofTarget 85% 100% 115% ProductionVolume(MBoe/d) 20% 67.0 74.5 85.7 84.6 84.6 113.6% 32.8%%ofTarget 90% 100% 115% DevelopmentEfficiencies 20% 12.33 10.72 8.04 7.30 7.30 146.8% 40%%ofTarget 85% 100% 125% Discretionary 30% NA NA NA NA NA NA 52%(4)%ofTarget NA NA NA AwardPayout%* 50% 100% 200% 165%

(1) Thereisnopayoutforperformancefallingbelowthethresholdlevel.Thepayoutopportunityforperformancewithintherangesisdeterminedbaseduponlinearinterpolation.UnderMr.Muncrief'semploymentagreement,whichexpiresin2017,hismaximumpayoutopportunityis250%.

(2) TheAttainmentResultsforAdjustedEBITDAXvaryfromReportedResultsduetoadjustmentsforitemssuchasseveranceandrelocationexpensesandotheritemsincludedinthedefinitionofAdjustedEBITDAXasdescribedinthetableonthepriorpage.

(3) TheactualawardwasadjusteddownwardtoeliminatetheimpactofresumingcompletionsoftheDUCsintheWillistonbasinbecausethesewerenotincludedinthebaseplanuponwhichtheoriginalmetricswerebased.Withoutthisdownwardadjustment,thepayoutwouldresultinawindfallbyreflectingresultsofcapitalexpendituresnotintheannualbusinessplan.

(4) TheCompensationCommitteesettheDiscretionarycomponentbaseduponitsassessmentofanumberofperformancefactorscontributingtooursuccessin2016.Seebelowfordetails.

TableofContents

Baseduponthesefactors,theCommitteeapprovedthefollowing2016AIPawardpayoutstotheNEOs.

Long-Term Incentives

Althoughwetypicallymakeanannualequitygrantinthefirstquarter,wedelayedthe2016annualequitygrantuntilMay19duetothemarketvalueofourcommonstockearlyintheyear,thecontinuinguncertaintiesinthebroaderE&Pmarket,andtheimpactofthereorganizationduringthefirsthalfoftheyear,whichincludedlayoffs.Duringthefirsttwomonthsof2016,ourclosingstockpricewasinthe$4to$5rangeandhita52-weeklowof$2.53onJanuary20,2016.Tohelplessentheimpactofourstockpricevolatilitywhendeterminingthenumberofsharestobegranted,wehaveinthepastuseda20-dayaverageclosingpriceofourstockpriortothegrantanddividedthataverageintotheintendedequityvalueforeachNEOtodeterminethenumberofsharestobegranted.AlthoughtheCompensationCommitteebelievesusinga20-dayaveragepricetodetermineanequitygrantisanappropriatestandardpractice,giventhelowstockpriceinthefirstquarter,weusedafixed$9priceforsizingthe2016annualemployeeequitygrant.TheCommitteedeterminedthistobeareasonablepricebaseduponpricetargetssetatthetimebyanumberofanalystswithBuyrecommendationsforourcommonstockrangingfrom$7to$11,withanaveragetargetpriceof$9.03.WhenManagementbeganplanningforthisgrant,thestockwastradinginthe$7range.

If,consistentwithpastpractice,theannualequitygranthadbeenmadeonFebruary29basedonthe20-dayaveragestockpriceatthattimeof$4.51,itwouldhaveresultedintheissuanceof2,720,614totalsharestoourNEOsand3,540,119totalsharestoallemployeesreceivingtheannualgrant.Instead,usinga$9priceresultedinagrantof1,032,216totalsharestoourNEOsand1,997,148totalsharestoallemployeesreceivingtheannualgrant,resultinginlessdilutiontoourshareholdersandprovidingemployeeswithagrantthatbetterreflectedthevalueoftheCompany.

38

Executive TargetPercentage

(%ofEligibleEarnings) TargetAward

Value(1) ActualAward

Paid(1) RichardE.Muncrief 110%$ 924,000 $ 1,524,600J.KevinVann 80%$ 362,769 $ 598,570ClayM.Gaspar 80%$ 400,000 $ 660,000BryanK.Guderian 70%$ 288,400 $ 475,860DennisC.Cameron 65%$ 236,600 $ 390,390FormerExecutive

MarciaM.MacLeod 60%$ 204,600 $ 188,271(2)

(1) Thetargetawardvalueandactualawardpaidarebasedonactualeligibleearningsfortheyear.Theterm"EligibleEarnings"includesregularbasepay,holidaypay,andpaidtimeoffearnedduringtheyear.

(2) BecauseMs.MacLeoddidnotworktheentireyear,theactualawardpayoutwaslessthanthetargetawardvalueduetoreducedEligibleEarnings.

TableofContents

ShareSavingsResultingfromDelayedEquityGrant

TheannualequitygranttoourNEOsincludedperformance-basedRSUsandtime-basedRSAs.Theseequityvehiclesmeetanumberofbusinessobjectives,includingretention,aligninginterestsofNEOswiththeinterestsofstockholders,andencouragingperformancethatleadstostockpriceappreciationandthecreationofstockholdervalueoverthelong-term.

TheCommitteesetstargetsforequitycompensationbasedonmarketdatafromourpeergroupandinternalequityconsiderationssuchasrelativescopeofresponsibilitiesofeachposition.Basedonthesefactors,for2016theCommitteesetthefollowingequitytargetsforourNEOs.

Basedonbothmarketdataandourobjectivetodeliveramaterialproportionofequitycompensationintheformofperformance-basedincentives,theCommitteesetthefollowingequityallocationforourNEOs.

39

Executive Performance-Based

RSUs(1) Time-BasedRSAs 2016EquityTarget RichardE.Muncrief $ 3,240,000 $ 2,160,000 $ 5,400,000J.KevinVann(2) $ 800,000 $ 1,200,000 $ 2,000,000ClayM.Gaspar $ 1,000,000 $ 1,500,000 $ 2,500,000BryanK.Guderian $ 400,000 $ 600,000 $ 1,000,000DennisC.Cameron $ 300,000 $ 450,000 $ 750,000FormerExecutive

MarciaM.MacLeod(3) $ 0 $ 0 $ 0

(1) Toarriveattheresultingnumberofperformance-basedRSUsandtime-basedRSAsawarded,thedollarvalueoftheapprovedawardwasdividedby$9.Thestockpriceonthedateofgrantwas$9.75,asreflectedinboththeSummaryCompensationTableandthe2016GrantsofPlan-BasedAwards.

(2) BecausethecompetitivemarketassessmentrevealedthatMr.Vann'sbaseequitytargetfellbelowthe25thpercentileofthemarket,theCommitteeapprovedanincreaseinhisequitytargetfrom$1,500,000to$2,000,000,whichrepresentsa33%increase.Althoughthisincreaseissignificant,evenaftertheincrease,hisequitytargetremainedbelowthe50thpercentileofthemarket.

(3) Becauseofherpendingretirement,Ms.MacLeoddidnotreceiveanannualequitygrantin2016.

TableofContents

EquityMixofthe2016AnnualGrant

Webelieveitisimportantthatamaterialportionofgrantstoallexecutiveofficersbeintheformofperformance-basedequity.Further,wehavegrantedahigherproportionofperformance-basedRSUstotheCEOthantotheotherexecutiveofficerstomoredirectlyaligntheinterestsoftheCEOwithourstockholders.

Performance-Based Restricted Stock Units

Wegrantourexecutiveofficersperformance-basedRSUstofocustheireffortsonlong-termperformance.AlthoughtheperformanceperiodforthoseRSUsistypicallythreeyears,forthe2016grant,whichwasnotmadeuntilMay19,theperformanceperiodrunsfor33monthsfromApril1,2016,throughDecember31,2018.TheperformancemetricisrelativeTSR,ascomparedtoagroupofourpeercompanies,furtherstrengtheningthealignmentwithstockholders.ThecompaniesusedforevaluatingrelativeTSRforthe2016awardare:

See"Competitive Positioning" aboveforadiscussionofhowweselectpeercompanies.TSRiscalculatedasfollows:

RelativeTSRassessesthestrengthofourreturntostockholdersbycomparingittotheTSRofourpeercompanies.UsingrelativeTSRasthelong-termperformancemetric,therefore,causesourexecutiveofficerstofocusonexecutingourstrategyandcreatingvalueforstockholders,evenineconomicdowntimes.Itminimizestheimpactofshort-andmid-termmovementsinshareprice,causingexecutiveofficerstofocusonenhancingvalueoverthelong-term.Additionally,relativeTSRfocusesourexecutiveofficersonoutperformingourcompetitorsbecauseitlinkstheirpaytohowourstockpricecomparestothestockpriceofourpeercompanies.Webelieverewardingexecutiveofficersforachievingresultswithintheircontrolandincentingthemtofocusonoutperformingourcompetitorswillleadtoincreasedstockholdervalue.

40

CabotOil&GasCorporation NewfieldExplorationCompanyChesapeakeEnergyCorporation PioneerNaturalResourcesCompanyCimarexResourcesCompany QEPResources,Inc.ConchoResourcesInc. RangeResourcesCorporationEnergenCorporation SMEnergyCompanyEPEnergyCorporation SouthwesternEnergyCompanyLaredoPetroleum,Inc. WhitingPetroleumCorporation

TSR% = (Stockpriceaverageoverthequarterattheendofperiod–Stockpriceaverageoverthequarterimmediatelypriortostartofperiod+Dividendspaid)

Stockpriceaverageoverthequarterimmediatelypriortostartofperiod

TableofContents

Atthebeginningoftheperformanceperiod,theCompensationCommitteeestablishestheperformanceobjectiveandapprovesgrantstoourexecutiveofficersofacertainnumberofRSUsbasedontheirindividualequitytargetandtheequitymixdescribedabovein"Long-Term Incentives ."Attheendofthethree-yearperformanceperiod,theCommitteedeterminesthepayoutpercentagefortheperformance-basedRSUsbasedonourrelativeTSRduringthatperformanceperiod.Ourexecutiveofficershavetheopportunitytoreceivefrom0%to200%oftheawardgrantedbasedonhowourTSRcomparestothepeergroupattheendoftheperformanceperiod.

RegardlessofwhereourTSRfallsrelativetothepeercompanies,payoutiscappedat100%ifourabsoluteTSRisnegativeoverthethree-yearperformanceperiod.Performanceatthefirstandsecondrankingsrelativetopeersearnsa200%payoutwhenabsoluteTSRispositive.

TSRPerformance

Becausewesetourequitygrantvaluesbasedoncompetitivemarketdata,theperformance-basedequityawardsaredesignedtopayoutat100%oftargetformedianpeergroupperformancewithhigherperformanceresultinginawardsabovetheequitytargetandlowerperformanceresultinginawardsbelowthetargetvalue.Asaresult,whenweperformbetterthanthemajorityofthecompaniesinourpeergroup,ourexecutiveofficersearnanawardabovethetargetvalueatthetimeofgrant.Conversely,whenourTSRisinthebottomhalfofourpeergroup,ourexecutiveofficersearnlessthanthetargetawardvalue.

Vesting of 2014 Performance-Based RSUs

In2014,wegrantedperformance-basedRSUstoourexecutiveofficers,includingthreeofourcurrentNEOs.Underthetermsofthegrant,TSRrelativetothepeergroupdesignatedatthetimeofgrantwastheperformancemetric.Thethree-yearperformanceperiodendedonDecember31,2016.ThecumulativeabsoluteTSRoverthethree-yearperformanceperiodwasnegative23.76%,andperformancerelativetoour15peercompanieswasinthe64thpercentile,orinthesecondquartileofthepeergroup.BaseduponthepayoutrangesetbyourCompensationCommitteeatthetimeofthegrant,thepayoutfortheseRSUswouldhavebeen150%.However,becauseabsoluteTSRwasnegative,thepayoutwascappedat100%.Webelievetheseawardsoperatedasintendedbylinkingtheperformanceourexecutivesdelivertothepaytheyreceive.Specifically,executiveswererewardedforrelativelystrongperformanceagainstthepeergroup,butthepayoutwaslimitedto100%duetonegativeabsoluteTSRoverthethree-yearperiod.

41

TableofContents

ThepeergroupformeasuringourrelativeTSRforthe2014performance-basedRSUswascomprisedof:

Thefollowingtablesummarizesthepayoutofthe2014performance-basedRSUs.

Time-Based Restricted Stock Awards

Wegranttime-basedRSAstopromotelong-termretentionofexecutiveofficersandpermitthemtoaccumulateequityownershipintheCompanysotheinterestsofourmanagementteamaredirectlyalignedwiththeinterestsofourstockholders.Webelieveitisimportanttohaveanelementofcompensationthatisfocuseddirectlyonretainingtalentsowecanminimizepotentiallossofinstitutionalknowledgeandthedisruptioninherentinunplannedturnover.Time-basedRSAsalsoalignourexecutiveofficerswithourstockholdersbymakingthemstockholdersthemselvesandtyingtheirpersonal,long-termwealthtothesuccessoftheCompany.Retainingtalentandaligninginterests

42

CabotOil&GasCorporation PioneerNaturalResourcesCompanyChesapeakeEnergyCorporation QEPResources,Inc.CimarexEnergyCompany RangeResourcesCorporationDevonEnergyCorporation SandRidgeEnergy,Inc.EOGResources,Inc. SMEnergyCompanyForestOilCorporation* SouthwesternEnergyCompanyNewfieldExplorationCompany UltraPetroleumCorporationNobleEnergy,Inc.

* ForestOil,whichcompletedanall-stockbusinesscombinationwithSabineOil&GasonDecember16,2014,wasincludedinthegroupofcomparatorcompaniessetbyourCompensationCommitteeatthetimeofthegrant.Asaresultofthisbusinesscombination,theshareholderreturnforForestwaslockedinasofitsDecember16,2014,closingstockpriceof$0.27pershare.

Executive PBRSUsGranted

GrantDayValue

#ofPBRSUsForfeited(0%)

PBRSUsVestingBased

UponPerformanceAttainment(100%)

TotalValueReceivedBased

UponPerformance

AttainmentandVestingDateStockPrice

TotalValueLostBasedUponStock

PriceDepreciation(4)

RichardE.Muncrief(1) NA NA NA NA NA NAJ.KevinVann(2) 5,621 $ 99,717 0 5,621 $ 72,286 $ 27,431ClayM.Gaspar(1) NA NA NA NA NA NABryanK.Guderian 24,041 $ 426,487 0 24,041 $ 309,167 $ 117,320DennisC.Cameron(2) 15,025 $ 266,544 0 15,025 $ 193,222 $ 73,322FormerExecutive

MarciaM.MacLeod(3) 10,518 $ 186,589 2,338 8,180 $ 105,195 $ 81,394

(1) Messrs.MuncriefandGasparwerenotemployedatthetimeofthisgrant.

(2) ThegrantstoMessrs.VannandCameronweremadebeforetheirpromotionsandbasedupontheirpriorrolesasvice-presidents.

(3) Underthetermsofthegrant,Ms.MacLeod'ssharesareproratedforthetimesheworkedpriortoherretirement.

(4) Basedupongrant-datevalueof$17.47onMarch3,2014,andclosingpriceof$12.86onthevestingdate.

TableofContents

encouragesourexecutiveofficerstotakeactionstoenhancethevalueofourbusinessandincreasestockholdervalue.Time-basedRSAsvestratablyoverathree-yearperiod.

Benefits and Limited Perquisites

Weprovidecompetitivebenefitstoallouremployees,includingourexecutiveofficers,topromotehealthandfinancialwell-being.Thesebenefitsincludehealth,life,anddisabilityinsurance.Long-termdisabilitycoverageisprovidedatabaselevelof60%ofbasesalary,withamaximumof$15,000permonth.Inaddition,allemployees,includingourexecutiveofficers,areeligibletopurchasesupplementallong-termdisabilitycoveragebringingthetotalupto70%ofbasesalary,withacombinedmaximumbenefitof$15,000permonth.

Ourretirementprogramconsistsofbothaqualified401(k)definedcontributionplanandtwononqualifieddeferredcompensationplans.Underthequalified401(k)plan,theCompanymatchesemployeecontributionsdollar-for-dollarupto6%ofpay,subjecttoInternalRevenueCode("IRC")contributionlimits,andalsomakesanadditionalcontributiontoallemployeesofeither6%or8%ofeligiblepay,dependingontheemployee'sage.

Thetwononqualifiedplansarearestorationplanandavoluntarydeferralplan.Therestorationplanprovidesbenefitsequaltotheamountthatwouldbepayableunderthequalified401(k)planintheabsenceofcertainlimitationsoftheIRC.Ourexecutiveofficersalsoareeligibletoparticipateinavoluntarynonqualifieddeferredcompensationplan,whichallowsdeferralofupto75%ofbasesalaryandupto100%ofannualcashincentives.Deferralstothenonqualifieddeferredcompensationplanarematchedupto6%ofpaythatisnotrecognizedwithinthequalified401(k)plan.

Wealsoprovidethefollowinglimitedperquisitestoourexecutiveofficerswithanaimofattractinghighlyqualifiedcandidatesandallowingourexecutiveofficerstofocusonjobresponsibilities:

• Financial Planning Reimbursement. WereimburseNEOsforfinancialplanningtoprovidethemwithexpertiseoncurrenttaxlaws,personalfinancialplanning,andpreparationsforcontingenciessuchasdeathanddisability.WebelieveencouraginganNEOtoworkwithafinancialplannermaximizestheretentionandengagementaspectsofthedollarswespendontheseprograms.Thefinancialplanningreimbursementislimitedto$7,500annually.

• Personal Use of WPX Energy's Company Aircraft. WeprovideverylimitedpersonaluseofCompanyaircraftattheCEO'sdiscretion.TheprimarypurposeofourCompanyaircraftisforbusinessuse,buttheCEOretainsdiscretiontopermitpersonalusewhenhedeemsappropriate,suchaswhencommercialairtravelisinefficientduetocostsoradditionaltraveltimebecausethedestinationisnotwellservedbycommercialairlines,orforpersonalemergencies.During2016,themaximumindividualamountofpersonalaircraftusagebyanyofourNEOswas$44,233.

• Executive Physicals. Executiveofficerphysicalsalignwithourwellnessinitiativeaswellasassistusinmitigatingrisk.Thesephysicalsreducevacancysuccessionriskbyhelpingtheexecutiveidentifyandpreventissuesthatcouldleavearoleunexpectedlyvacated.

OtherCompensationPractices

Stock Ownership Guidelines

Itisimportantfortheinterestsofourexecutiveofficerstobealignedwiththoseofourstockholders.OnewayweaccomplishthisisbyrequiringourexecutiveofficerstoholdcertainlevelsofWPXstockunderstockownershipguidelinesadoptedbyourBoardofDirectorsandmonitoredbyourCompensationCommittee.

43

TableofContents

ThesestockownershipguidelinesdefinetheminimumlevelsofWPXstockourexecutiveofficersmustown.Eachexecutiveofficermustholdcommonstockortime-basedRSUsorRSAsofWPXwithavalueatleastequaltothefollowingmultipleofhisorherbasesalaryineffectasofDecember31oftheprioryear.

Stockoptions,whethervestedornot,areexcludedfromthenumberofsharesownedincalculatingcompliancewiththeseguidelines.Unvestedtime-basedRSUsandRSAscounttowardsatisfactionoftheownershiprequirementswhileunvestedperformance-basedRSUsdonot.

If,ontheannualcompliancedateofFebruary1,anexecutiveofficerdoesnotownsharesofWPXcommonstockwithavalueequaltotherequiredmultipleofbasesalary,thatexecutiveofficerisrequiredtoretain50%ofanyWPXequityacquiredthroughtheexerciseofstockoptionsorthevestingoftime-basedRSUsorRSAsorperformance-basedRSUs,netoftaxes,untilthenextcompliancedatewhenhisorherWPXstockownershipmeetstherequiredmultipleofbasesalary.

Tofurtheralignhisinterestswithstockholders,ourCEOMr.Muncriefmadeopenmarketpurchasestotaling124,000sharesbetweenthetimehejoinedtheCompanyinMay2014andtheendof2015.Inaddition,hepurchased20,400sharesofourstockonJune6,2016,inourpublicequityoffering.

Consideration of Risk in Setting Executive Compensation

Ourperformancemanagementsystemevaluatesallemployees,includingourexecutiveofficers,notonlyonresultsbutalsoonhowresultsareachieved.Inotherwords,wewillnotseekresultsatallcosts.Achievingresultsinawaythatisconsistentwithourvaluesisanimportantpartofourculture.Thiscultureisoneofthewaysweareabletosetaggressiveperformancegoalsandencourageappropriateandresponsiblerisk-takingwhilediscouragingimprudentrisks.OurCompensationCommitteehasdiscretiontoadjustindividualannualincentiveawardsbasedonanevaluationofhowexecutiveofficersachieveresults,includingtheavoidanceofunduerisks.

TheCommitteealsomitigatesriskbyusingbalancedperformancemetrics.Forexample,ourannualcashincentiveprogrammeasuresAdjustedEBITDAXandDevelopmentEfficienciesaswellasProductionVolume.Togetherthesemetricsencourageourexecutiveofficerstomakedecisionsthatgrowstockholdervalueoverthelongterm.Inaddition,theDiscretionarycomponentallowstheCommitteetoevaluateotherfactorstoassurethatinpursuingannualperformanceobjectivesourexecutiveofficersalsofocusonultimatevaluecreation,sustainabilityofperformance,andsafety.

WhiletheCommitteebelievesitisimportanttoemphasizepay-for-performanceinourexecutivecompensationprogram,italsorecognizestheneedtobalancefixedpaywithvariablepayandshort-termincentiveswithlong-termincentivestoavoidplacingtoomuchemphasisonshort-termresults.Alackofbalancebetweenannualincentivesandlong-termincentivescouldcauseourexecutiveofficerstotakeundueriskswhenseekingtodriveshort-termperformance.Inaddition,theCommitteeretainsdiscretioninbothourannualincentiveprogramandourlong-termincentiveprogramtoadjustabove-targetpayoutsdownwardforanyreason,includingexcessivelyriskybehavior.

Ourexecutivecompensationprogramincludesseveralfeaturesdesignedtolimitunduerisks.Forexample,thereiscaponpayoutsunderbothourshort-andlong-termincentiveplans.TheCommitteehasadoptedstockownershipguidelinestoalignourexecutiveswithshareholdersandarecoupmentpolicytoremovetheincentivetoinflateperformance-basedawards.Inaddition,ourBoardofDirectorshasadoptedanti-hedgingandanti-pledgingpolicies.Annually,weconductanenterprise-wide

44

ExecutiveLevel MultipleofBaseSalary CEO 6OtherExecutiveOfficers 3

TableofContents

assessmentofmaterialrisksassociatedwithourpolicies,programs,andactionsrelatedtohumancapital,includinganyrisksthatmightberaisedbyourcompensationprograms.TheCommitteereviewsthisriskassessmenteachyear.

Recoupment Policy

Intheeventourfinancialresultsaresignificantlyrestatedduetofraudorintentionalmisconduct,ourBoardofDirectorswillreviewanyperformance-basedincentivepaymentspaidtoexecutiveofficers.Wewill,totheextentpermittedbyapplicablelaw,seekrecoupmentofallperformance-basedincentivepaymentsfromanyexecutiveofficerfoundbytheBoardofDirectorstobepersonallyresponsibleforthefraudorintentionalmisconductthatcausedtheneedfortherestatement.Inaddition,wewillseekrecoupmentfromallotherexecutiveofficersofanyamountspaidinexcessoftheawardthatwouldhavebeenpaidbasedontherestatedfinancialresults.

OurCompensationCommitteehastakenactiontoclarifythatourrecoupmentpolicywillbeinterpretedandappliedasnecessarytocomplywithSECandstockexchangerequirements.TheCommitteewillreviewourrecoupmentpolicyandreviseittocomplywiththerulesoncetheyarefinalized.

Anti-Hedging and Anti-Pledging Policies

SECrulesgenerallyprohibituncoveredshortsalesofourcommonstockbyourexecutiveofficers.Ourinsidertradingpolicyalsoprohibitsshortsalesofourcommonstockandtheuseofequivalentderivativesecuritiesbyourexecutiveofficers.Thepolicyalsorequiresallemployeescoveredbythepolicy,includingourexecutiveofficers,toconsultwithourCorporateSecretary(orwithourGeneralCounselorChiefFinancialOfficerifourCorporateSecretaryisnotavailable)beforetheyengageinanytransactionforthepurchaseorsaleofoursecurities.Ourinsidertradingpolicyalsoprohibitsholdingourcommonstockinamarginaccountorpledgingourcommonstockascollateralforaloan.

Employment Agreements

Itisnotourtypicalpracticetoenterintoemploymentagreements.InconnectionwiththerecruitmentandhiringofourCEO,however,weenteredintoathree-yearemploymentagreementwithMr.Muncrief.Thisemploymentagreementdoesnotincludeanevergreenprovisionandislimitedintermtothreeyears,terminatingonMay15,2017.Undertheemploymentagreement,Mr.Muncriefwouldbeentitledtothefollowingcompensationuponterminationofhisemployment(inadditiontoanyvestingofhisequityawardsundertheapplicableawardagreements):

• IftheCompanyterminatesMr.Muncriefwithoutcause,hewillbeentitledtoacashpaymentequaltotwotimeshisannualbasesalaryandtargetbonus,aswellasapro-ratedpaymentundertheAIPfortheyearinwhichheisterminated.

• IntheeventofMr.Muncrief'sdeathordisability,heorhisestatewillbeentitledtoapro-ratedpaymentundertheAIPfortheyearinwhichdeathordisabilityoccurs.

Termination and Severance Arrangements

Ourexecutiveseverancepayplanincludesexecutiveofficers,otherthantheCEOwhocurrentlyhasanemploymentagreement.AnexecutiveofficermayparticipateintheplanwhentheCEOapprovesareductioninforce,ajobelimination,oraninvoluntaryterminationwithoutcause.Theamountofseverancepayisdeterminedbymultiplyingtheseveredexecutiveofficer'sannualbasesalaryandaverageannualincentive(basedupontheexecutiveofficer'sactualincentivesearnedoverthepriorthreeyears)by1.5.Inaddition,theseverancepayplanprovidesalumpsumpaymentequalto12monthsoftheseveredexecutiveofficer'smedicalplancoverage.Thepurposeofthislumpsum

45

TableofContents

paymentistoprovidethefinancialequivalentofCOBRAmedicalplanratesfor12monthsofmedicalcoverageunderCOBRA.Consistentwithourpastpractice,theseverancepayplanprovidesthatthetreatmentofoutstandingequityawardsisgovernedbythetermsofthegrantagreementissuedatthetimetheequitywasgranted.Ingeneral,ourequityawardagreementsprovideforeithervestingorpro-ratedvestingforseveredemployees.Toparticipateintheplan,theemployeemustexecuteaseveranceandrestrictivecovenantagreementwhichmaycontain,amongotherprovisions,non-competitionandnon-solicitationcovenants.

OurCEOisnotcoveredbytheexecutiveseverancepayplanandinsteadissubjecttoanemploymentagreement.See"Employment Agreements "abovefordetailsofthecompensationourCEOwouldbeentitledtouponterminationofhisemployment.

Inconnectionwiththeterminationofheremployment,weenteredintoaSeveranceandRestrictiveCovenantAgreementwithMs.MacLeod.Thisagreementprovidedforseverancebenefitsunderourexecutiveseverancepayplan.Inadditiontotheseverancepaycalculatedasdescribedabove,Ms.MacLeodalsoreceivedacashpaymentof$650,000.TheCompensationCommitteeapprovedthisadditionalpaymentbecauseMs.MacLeoddidnotreceivea2016annualequitygrant.TheelementsofMs.MacLeod'sseverancepaymentarereflectedinthetablesfollowingtheCD&A.

Change-in-Control

EachofourNEOsispartytoanindividualchange-in-controlagreement.Ourchange-in-controlagreements,inconjunctionwiththeNEOs'RSU,RSA,andstockoptionagreements,provideseparationbenefitsfortheNEOsintheeventofachange-in-controlandaredesignedtoencourageNEOstofocusonthebestinterestsofourstockholdersbyalleviatingconcernsaboutapossibledetrimentalimpacttotheirowncompensationunderapotentialchange-in-control.Ourprogramincludesadoubletriggerforcashpayments,benefits,andequityvesting.Thismeanstheremustbeachange-in-controlandtheNEO'semploymentmustbeinvoluntarilyterminatedbythesuccessorcompanyortheNEOmusthaveterminatedhisorheremploymentforgoodreasoninorderforbenefitstobetriggeredundertheagreement.Whileadoubletriggerforequityisnotthecompetitivenormofourpeergroup,thispracticeprovidesabetterbalancebycreatingsecurityfortheNEOswithoutcreatinganincentiveforNEOstoleaveimmediatelyafterachange-in-control.Ouragreementsdonotcontainanexcisetaxgross-upprovision,butinsteadprovidea"bestnet"provisionprovidingNEOswiththegreateroftheirafter-taxbenefitcappedatthesafeharboramountortheirbenefitpaidinfull(subjectingthemtopossibleexcisetaxpayments).

OurCompensationCommitteereviewsourchange-in-controlbenefitsperiodicallytoevaluatewhethertheyareconsistentwithcompetitivepracticeandalignedwithourcompensationphilosophy.Aspartofthesereviews,calculationsareperformedtodeterminetheoverallprogramcostifachange-in-controleventweretooccurandallcoveredNEOswereterminated.Anassessmentofcompetitivenorms,includingthereasonablenessofthetypesandamountofcompensationreceived,isusedtovalidatebenefitlevelsforachange-in-control.OurCompensationCommitteebelievesthatofferingachange-in-controlprogramisappropriateandcriticaltoretainingandattractingexecutivetalentandkeepingthemalignedwiththeinterestsofourstockholdersiftherewasachange-in-control.

ThefollowingchartdetailsthebenefitsreceivedifanNEOweretobeterminatedorresignedforadefinedgoodreasonfollowingachange-in-controlaswellasananalysisofthosebenefitsasitrelates

46

TableofContents

totheCompany,stockholders,andtheNEOs.See"Change-in-Control Agreements" belowforfurtherdisclosureofourchange-in-controlprogram.

Accounting and Tax Treatment

OurCompensationCommitteeconsiderstheimpactofaccountingandtaxtreatmentwhendesigningallaspectsofpay,buttheprimarydriverofourprogramdesignistosupportourbusinessobjectives.

Section162(m)oftheIRClimitstheamountofcompensationwemaydeductonourfederalincometaxreturnforcompensationpaidtocertainexecutiveofficersto$1millionperyear.Thereareexceptionstothe$1millionlimitationforperformance-basedcompensationmeetingcertainrequirements.Boththelong-termperformance-basedequityincentiveandtheannualcashincentivearedesignedtomeetthedefinitionofperformance-basedcompensationunderSection162(m)inordertoqualifyfortheperformance-basedexceptiontothe$1milliondeductionlimit.WhiletheCommitteeattemptstopreservethedeductibilityofcompensationpaidtoexecutiveofficers,itdoesnotlimitexecutivecompensationtoamountsdeductibleunderSection162(m)inordertoretainflexibilityindeterminingtheamountstobepaidforincentivecompensation.

47

Change-in-ControlBenefit BenefittoWPXandStockholders BenefittoExecutiveOfficerMultipleofbasesalaryplusannualcashincentiveattarget

Encouragesexecutiveofficerstoremainengagedandstayfocusedonsuccessfullyclosingthetransaction

Financialsecurityfortheexecutiveofficerequivalenttotwoyearsofcontinuedemployment(threeyearsforourCEO)

Acceleratedvestingofequityawards Anincentivetostayduringandafterachange-in-controlIfthereisriskofforfeiture,executiveofficersmaybelessinclinedtostayortosupportthetransaction

Theexecutiveofficersarekeptwhole,iftheyhaveaseparationfromservicefollowingachange-in-control

Cashpaymentof18monthsofCOBRAhealthcoverage(ifenrolledincoverageattimeoftermination)

AminimalcosttotheCompanythatcreatesacompetitivebenefit

Coverssomeofthecostofcontinuinghealthcoverage

Reimbursementoflegalfeestoenforcebenefit

KeepsexecutiveofficersfocusedonWPXandnotconcernedaboutwhethertheacquiringcompanywillhonorcommitmentsafterachange-in-control

Securityduringanuncertaintimeperiod

Outplacementassistance Keepsexecutiveofficersfocusedonsupportingthetransactionandlessconcernedabouttryingtosecureanotherposition

Assistsexecutiveofficersinfindingacomparableexecutiveposition

TableofContents

2016SummaryCompensationTable

ThefollowingtablesetsforthcertaininformationwithrespecttothecompensationoftheNEOsearnedduringfiscalyears2016,2015,and2014.

48

ExecutiveandPrincipalPosition Year Salary(1) Bonus

StockAwards(2)

OptionAwards(3)

Non-EquityIncentivePlanCompensation(4)

ChangeinPensionValue

andNonqualifiedDeferred

CompensationEarnings(5)

AllOtherCompensation(6) Total

RichardE.Muncrief 2016 $ 840,000 $ 0 $ 5,850,000 $ 0 $ 1,524,600 $ 0 $ 353,371 $ 8,567,346Chairmanofthe 2015 815,385 0 4,615,699 0 1,345,385 0 268,707 7,045,176Board,Presidentand 2014 498,462 0 14,833,039(8) 1,224,998 960,000 0 56,150 17,572,649ChiefExecutiveOfficer

J.KevinVann 2016 453,461 0 2,167,000 0 598,569 0 117,344 3,336,374SeniorVicePresident 2015 406,923 0 1,357,559 0 488,308 0 79,784 2,332,574andChiefFinancialOfficer 2014 358,304 0 961,850 371,487 271,624 0 63,282 2,026,547

ClayM.Gaspar 2016 500,000 0 2,708,326 0 660,000 0 158,229 4,026,555SeniorVicePresident 2015 459,769 0 2,357,556 0 551,723 0 140,185 3,509,233andChiefOperatingOfficer 2014 77,885 0 3,999,994(8) 0 432,000 0 13,540 4,523,419

BryanK.Guderian 2016 412,000 0 1,083,323 0 475,860 0 98,448 2,069,631SeniorVicePresident 2015 404,615 0 1,086,047 0 424,846 0 90,398 2,005,906ofBusinessDevelopment 2014 394,769 0 899,984 300,044 331,606 0 81,053 2,007,456

DennisC.Cameron 2016 357,000 0 812,497 0 390,390 0 91,564 1,651,451SeniorVicePresident 2015 355,385 0 678,779 0 346,500 0 78,171 1,458,835andGeneralCounsel 2014 348,750 0 562,481 187,520 272,025 0 61,766 1,432,542FormerExecutive:

MarciaM.MacLeod 2016 190,172 0 0 0 188,271 0 1,590,248 1,968,691SeniorVicePresidentof HRandAdministration(7)

(1) Salary:Actualsalarypaidmaydifferfromtheannualrateduetothenumberofpayperiodsduringtheyearandtheeffectivedateofsalaryincreases.

(2) StockAwards:2016awardsweregrantedunderthetermsofWPXEnergy,Inc.,2013IncentivePlanandincludetime-basedRSAsandperformance-basedRSUs.AmountsshownforallyearsarethegrantdatefairvalueoftheawardscomputedinaccordancewithFASBASC.

2016Performance-BasedRSUMaximumPotential

Executive MaximumAward

MaximumAwardValueBasedon

12/30/2016ClosingStockPrice

RichardE.Muncrief $ 7,020,000 $ 10,490,400J.KevinVann $ 1,733,316 $ 2,590,196ClayM.Gaspar $ 2,166,665 $ 3,237,775BryanK.Guderian $ 866,658 $ 1,295,098DennisC.Cameron $ 649,994 $ 971,324FormerExecutive

MarciaM.MacLeod $ 0 $ 0

(3) OptionAwards:2014awardsaregrantedunderthetermsoftheWPXEnergy,Inc.,2013IncentivePlanandincludenonqualifiedstockoptions.AmountsshownarethegrantdatefairvalueofawardscomputedinaccordancewithFASBASCTopic718.TheassumptionsusedtovaluetheoptionawardscanbefoundinWPX'sAnnualReportonForm10-Kfortheyear-endDecember31,2014.

(4) Non-EquityIncentivePlanCompensation:UndertheAIP,themaximumannualincentivefundingforNEOsis200%oftargetexceptfortheCEO,whichis250%.

(5) ChangeinPensionValueandNonqualifiedDeferredCompensationEarnings:WPXdoesnotsponsorapensionplan.Allinvestmentsareinorbasedonmutualfundsorotherpubliclyavailabletradinginstrumentswithnopremiumsorguaranteedearnings.Earningswerereportedfor2014,buttheydidnotmeetthedefinitionforinclusionandhavebeendeletedfromthetable.

(6) AllOtherCompensation:AmountsshownrepresentpaymentsmadebyWPXonbehalfoftheNEOs.Thetotalincludesitemssuchas401(k)matchingandWPXannualemployercontribution,WPXnonqualifiedrestorationplanemployercontribution,andperquisites(ifapplicable).Perquisitesincludefinancialplanningservices,annualexecutivephysicalexam,andpersonaluseoftheCompanyaircraft.Messrs.Muncrief,Vann,GasparandCameronexceeded$10,000inperquisites.Mr.Muncrief'sperquisitesincludedfinancialplanning($625),executivephysical($2,559)andpersonaluseoftheCompanyaircraft($44,233).Mr.Vann'sperquisitesincludedfinancialplanning($7,500),executivephysical($4,629)andpersonaluseoftheCompanyaircraft($11,873).Mr.Gaspar'sperquisitesincludedfinancialplanning($7,500)andexecutivephysical($3,488).Mr.Cameron'sperquisitesincludedfinancialplanning($7,500)andexecutivephysical($3,224).TheincrementalcostmethodwasusedtocalculatethepersonaluseoftheCompanyaircraft.Theincrementalcostcalculationincludessuchitemsasfuel,maintenance,weatherandairportservices,pilotmeals,pilotovernightexpenses,aircrafttelephone,andcatering.Thecostforfinancialplanningandexecutivephysicalsareactualexpensesreimbursedorpaid.EmployercontributionstoNonqualifiedDeferredCompensationplansonbehalfofthenamedexecutiveofficerareasfollows:Mr.Muncrief($270,954),Mr.Vann($58,342),Mr.Gaspar($112,241),Mr.Guderian($55,948),Mr.Cameron($45,840)andMs.MacLeod($27,835).

TableofContents

2016OutstandingEquityAwards

ThefollowingtablesetsforthcertaininformationwithrespecttooutstandingequityawardsheldbytheNEOsattheendofthefiscalyear2016.

49

(7) Ms.MacLeodwasnotlistedinthe2014or2015proxy.Othercompensationincludesfinancialplanning($7,500),cashseverance($1,480,567),andapayoutofunusedpaidtimeoffasofterminationdate($39,346).

(8) The2014stockawardvaluesforMessrs.MuncriefandGaspararelargerthantypicalannualequitygrantsbecausetheyincludegrantsintendedtoreplacetheunvestedequityforfeitedfromtheirformeremployers.

StockAwards

EquityIncentivePlan

Awards:MarketorPayoutValueofUnearnedShares,Units,

orOtherRightsthat

havenotVested(6)

EquityIncentivePlan

Awards:Number

ofUnearnedShares,UnitsofStockorOtherRightsthat

havenotVested(4)

OptionAwards

Executive GrantDate(1)

NumberofSecuritiesUnderlyingUnexercisedOptions(#)Exercisable

NumberofSecuritiesUnderlyingUnexercisedOptions(#)Unexercisable

EquityIncentivePlan

Awards:NumberofSecuritiesUnderlyingUnexercisedUnearnedOptions(#)

OptionExercisePrice

ExpirationDate

GrantDate(2)

Numberof

SharesorUnitsofStockthat

havenotVested

MarketValueofSharesorUnitsofStockthat

havenotVested(3)

RichardE.Muncrief 5/19/2016 240,000 $ 3,496,800 360,000 $ 5,245,200 3/2/2015 114,286 $ 1,665,147 257,142 $ 3,746,559 5/15/2014 80,778 40,389 21.45 3/3/2024 5/15/2014 23,374 $ 340,559 140,240 $ 2,043,297 5/15/2014 144,347 $ 2,103,136

J.KevinVann 5/19/2016 133,333 $ 1,942,662 88,888 $ 1,295,098 3/2/2015 50,420 $ 734,619 50,420 $ 734,619 7/29/2014 23,790 21.81 7/29/2024 7/29/2014 32,095 $ 467,624 3/3/2014 4,317 2,159 17.47 3/3/2024 3/3/2014 3,123 $ 45,502 5,621 $ 81,898 3/4/2013 7,812 14.41 3/4/2023 2/29/2012 5,857 18.16 2/28/2022 2/29/2012 1,851 $ 26,969 2/24/2011 3,560 16.46 2/24/2021 2/23/2010 4,131 11.75 2/23/2020 2/23/2009 2,019 6.02 2/23/2019 2/25/2008 6,604 20.21 2/25/2018 2/26/2007 4,375 15.67 2/26/2017

ClayM.Gaspar 5/19/2016 166,666 $ 2,428,324 111,111 $ 1,618,887 11/2/2015 93,502 $ 1,362,324 3/2/2015 50,420 $ 734,619 50,420 $ 734,619 10/27/2014 49,193 $ 716,742 72,687 $ 1,059,050

BryanK.Guderian 5/19/2016 66,666 $ 971,324 44,444 $ 647,549 3/2/2015 40,336 $ 587,696 40,336 $ 587,696 3/3/2014 19,785 9,893 17.47 3/3/2024 3/3/2014 9,159 $ 133,447 24,041 $ 350,277 3/4/2013 31,328 14.41 3/4/2023 2/29/2012 24,900 18.16 2/28/2022 2/29/2012 5,726 $ 83,428 2/24/2011 19,230 16.46 2/24/2021 2/23/2010 23,951 11.75 2/23/2020 2/23/2009 11,710 6.02 2/23/2019 2/25/2008 21,429 20.21 2/25/2018 2/26/2007 26,258 15.67 2/26/2017

DennisC.Cameron 5/19/2016 50,000 $ 728,500 33,333 $ 485,662 3/2/2015 25,210 $ 367,310 25,210 $ 367,310 3/3/2014 12,365 6,183 17.47 3/3/2024 3/3/2014 5,724 $ 83,399 15,025 $ 218,914 3/4/2013 7,812 14.41 3/4/2023 2/29/2012 8,891 18.16 2/28/2022

FormerExecutive MarciaM.MacLeod 3/2/2015 9,710 $ 141,475

3/3/2014 12,984 17.47 7/15/2021 3/3/2014 8,180 $ 119,183 3/4/2013 16,447 14.41 7/15/2021 2/29/2012 10,483 18.16 7/15/2021 2/24/2011 19,673 16.46 2/24/2021 2/23/2010 19,460 11.75 2/23/2020 2/23/2009 28,542 6.02 2/23/2019 2/25/2008 13,576 20.21 2/25/2018 2/26/2007 15,755 15.67 2/26/2017

StockOptions

(1) Thefollowingtablereflectsthevestingschedulesforassociatedstockoptiongrantdatesforawardsthathadnotbeen100%vestedasofDecember31,2016.

TableofContents

2016GrantsofPlan-BasedAwards

ThefollowingtablesetsforthcertaininformationwithrespecttoawardspayableunderWPX'sannualcashincentiveprogramandRSUandRSAswithrespecttoWPXstockmadeduringthefiscalyear2016totheNEOs.Allinformationispresentedasofgrantdate.

50

GrantDate VestingSchedule VestingDates 7/29/2014 100%vestsinthreeyears 7/29/2017 5/15/2014 One-thirdvestseachyearforthreeyears 3/3/2015,3/3/2016,3/3/2017 3/3/2014 One-thirdvestseachyearforthreeyears 3/3/2015,3/3/2016,3/3/2017 3/4/2013 One-thirdvestseachyearforthreeyears 3/4/2014,3/4/2015,3/4/2016

StockAwards

(2) Thefollowingtablereflectsthevestingdatesforassociatedtime-basedRSUandRSAgrantdates.

Grant DateVestingSchedule VestingDates5/19/2016 One-thirdoftime-basedawardsvestannually 3/2/2017,3/2/2018,

3/2/201911/2/2015 One-thirdoftime-basedawardsvestannuallyfromthegrantdate 11/2/2016,11/2/2017,

11/2/20183/2/2015 One-thirdoftime-basedawardsvestannuallyfromthegrantdate 3/2/2016,3/2/2017,

3/2/201810/27/2014 One-thirdoftime-basedunitsvestannuallyfromthegrantdate 10/27/2015,10/27/2016,

10/27/20177/29/2014 100%cliff-vestinthreeyears 7/29/20175/15/2014 One-thirdoftime-basedawardsvestannuallyfromthegrantdate 3/3/2015,3/3/2016,

3/3/20173/3/2014 One-thirdoftime-basedawardsvestannuallyfromthegrantdate 3/3/2015,3/3/2016,

3/3/20172/29/2012 Theretirementgrant,whichwasmadeafterthespinofffromWilliamstocompensateemployeesforachangein

retirementbenefits,includingtwoNEOs,vestsinfiveyears 2/28/2017

(3) ValuesarebasedonclosingstockpriceforWPXEnergyof$14.57onDecember30,2016.

(4) Allperformance-basedRSUsaresubjecttoattainmentofperformancetargetsestablishedbytheCompensationCommittee.TheannualgrantpayoutisbasedonWPX'sTSRrelativetoitspeergroupoverthethree-yearperformanceperiod.Alloftheawardswillvestnoearlierthanthreeyearsfromthegrantdate.TheawardsincludedinthetableareoutstandingasofDecember31,2016,andfortheMarch3,2014grant,includestheperformanceattainmentof100%.

(5) ValuesarebasedonclosingstockpriceforWPXEnergyof$14.57onDecember30,2016.

AllOtherStock

Awards:Number

ofSharesofStock

orUnits(3)

AllOtherOptionAwards

NumberofSecuritiesUnderlyingOptions

GrantDate

FairValueofStockandOption

Awards(4)

EstimatedFuturePayoutsUnderNon-Equity

IncentivePlanAwards(1) EstimatedFuturePayoutsUnder

IncentivePlanAwards(2)

ExerciseorBasePriceofOptionAwards

Executive GrantDate Threshold Target Maximum Threshold Target Maximum

RichardE.Muncrief 5/19/2016 $ 462,000 $ 924,000 $ 2,310,000 108,000 360,000 720,000 $ 3,510,000

240,000 $ 2,340,000J.KevinVann 5/19/2016 184,000 368,000 736,000 26,666 88,888 177,776 $ 866,658

133,333 $ 1,299,997ClayM.Gaspar 5/19/2016 200,000 400,000 800,000 33,333 111,111 222,222 $ 1,083,332

166,666 $ 1,624,994BryanK.Guderian 5/19/2016 144,200 288,400 576,800 13,333 44,444 88,888 $ 433,329

66,666 $ 649,994DennisC.Cameron 5/19/2016 118,300 236,600 473,200 10,000 33,333 66,666 $ 324,997

50,000 $ 487,500FormerExecutive

MarciaM.MacLeod 0 0 0 0 0 0 $ 0

0 $ 0

(1) Non-equityIncentivePlanAwardsarefromWPX's2016AIP.Atthreshold,the2016AIPawardswouldbe50%oftarget.Thetargetamountisbaseduponattaining100%oftargetperformancegoalsforallfiveperformancemetrics.ThemaximumamounttheNEOscanreceiveis200%oftheirAIPtargetexceptfortheCEO,whichis250%.ThesetargetsreflecttheNEOssalaryasofJanuary1,2016,andtheapprovedincentivetargets.TheactualAIPawardisbasedontheireligibleearningsduringtheyearinwhichtheactualincentiveisbasedon.

(2) Representsperformance-basedRSUsgrantedunderWPX's2013IncentivePlan.Performance-basedRSUscanbeearnedoverathree-yearperiodonlyiftheestablishedperformancetargetismetandtheNEOisemployedonthevestingdate,subjecttocertainexceptionssuchastheexecutive'sdeathordisability.Theseshareswillbedistributednoearlierthanthethirdanniversaryofthegrantotherthanduetoaterminationuponachangein-control.Ifperformanceplangoalsareexceeded,theNEOcanreceiveupto200%oftarget.Ifplanthresholdgoalsarenotmet,theNEO'sawardsarecancelledintheirentirety.

(3) Representstime-basedRSAsgrantedunderWPX2013IncentivePlan.One-thirdoftime-basedawardsvestannuallyon3/3/2017,3/3/2018,and3/3/2019.

(4) Toarriveattheresultingnumberofperformance-basedRSUsandtime-basedRSAsawarded,thedollarvalueoftheapprovedawardwasdividedby$9.00,asapprovedbytheCommittee.ThedifferencebetweenthevalueapprovedbytheCommitteeandthegrant-dayvaluedisplayedbothintheSummaryCompensationTableandinthistablereflectsthedifferencebetween$9.00andtheclosingstockpriceonthegrantdayof$9.75.

TableofContents

2016WPXOptionsExercisesandStockVested

ThefollowingtablesetsforthcertaininformationwithrespecttooptionstoacquirethestockofWPXexercisedbytheNEOsandstockthatvestedduringthefiscalyear2016totheNEOs.

2016NonqualifiedDeferredCompensation

Thefollowingtablesetsforthcertaininformationwithrespecttononqualifieddeferredcompensationduringthefiscalyear2016totheNEOs.

See"Executive Compensation—Compensation Discussion and Analysis—Benefits and Limited Perquisites" foradiscussionofcompensationthatmaybedeferred.Distributionsareavailablenosoonerthansixmonthsafterseparationfromservice,withchoicesoflumpsumoruptotenannualinstallments.Scheduledin-servicedistributionsarealsoavailable.

Change-in-ControlAgreements

WPXhasenteredintochange-in-controlagreementswithcertainofficers,includingeachofourNEOs.Theprovisionsofouragreementsaredescribedbelow.Thedefinitionsofwordsinquotationsarealsoprovidedbelow.

51

OptionAwards StockAwards

Executive

NumberofShares

AcquiredonExercise

ValueRealizedonExercise

NumberofShares

AcquiredonVesting

ValueRealizedonVesting

RichardE.Muncrief — — 119,288 $ 1,711,928J.KevinVann — — 29,338 $ 224,843ClayM.Gaspar — — 80,013 $ 1,187,031BryanK.Guderian — — 49,892 $ 398,621DennisC.Cameron — — 22,571 $ 178,016FormerExecutive

MarciaM.MacLeod — — 43,367 $ 468,115

Executive

ExecutiveContributionsin

LastFY

RegistrantContributionsin

LastFY(1)

AggregateEarningsinLast

FY(2)

AggregateWithdrawals/Distributions

AggregateBalanceatLast

FYE RichardE.Muncrief $ 317,538 $ 270,954 $ 94,129 $ 0 $ 576,043J.KevinVann 0 58,342 7,916 0 $ 150,180ClayM.Gaspar 61,950 112,241 19,660 0 $ 169,651BryanK.Guderian 0 55,948 10,233 0 $ 227,718DennisC.Cameron 0 45,840 1,404 0 $ 141,305FormerExecutive

MarciaM.MacLeod 0 27,835 5,664 0 $ 143,263

(1) IncludedintheSummaryCompensationTableundercolumnlabeledAllOtherCompensationisanoncontributorycontributionmadebytheCompanytoitsnonqualifiedplansonbehalfofeachNEOlistedinthetable.ThecontributionsweremadeonJanuary30,2017,butwereattributableto2016compensation.

(2) Adiversearrayofinvestmentcreditingoptionsisavailabletoparticipantsthatfollowactualmarketinvestments.Themenuissuitedtovariablelevelsofrisktoleranceandpreferredassetclasses.Choicesmaybemadeasoftenasdaily.

TableofContents

Ifa"change-in-control"occursand,withintwoyearsfollowingsuchchange-in-control(i)theemploymentofanyNEOisterminatedotherthanfor"cause,""disability,"death,ora"disqualificationdisaggregation,"or(ii)anNEOresignsfor"goodreason,"suchNEOisentitledtothefollowing:

• Accruedbutunpaidbasesalary,accruedearnedbutunpaidcashincentive,accruedbutunpaidpaidtimeoff,andanyotheramountsorbenefitsduebutnotpaid(lumpsumpayment);

• Proratedannualbonusfortheyearofseparationthroughtheterminationdate(lumpsumpayment);

• Aseveranceamountcomprisedofeither(a)threetimesinthecaseofourCEO,or(b)twotimesinthecaseofourotherNEOsthesumoftheexecutive'sbasesalaryplusanannualbonusamountequaltohis/heraverageactualAIPpaymentoverthepastthreeyears,assumingtheincumbenthasbeeninacomparablerole/levelinthecompanyduringthatperiod.(Iftheincumbenthasbeeninacomparablerole/levelforonlytwoyears,thentheaverageactualAIPpaymentwouldbecalculatedusingtheaverageofthosetwoyears.Similarly,iftheincumbenthasbeeninasimilarrole/levelforonlyoneyear,thentheaverageactualAIPwouldbeactualAIPearnedforthatoneyear.)(lumpsumpayment);

• Continuedeligibilitytoelectcoverageunderthemedicalbenefitplans("COBRA")forsolongastheNEOelectscoverageor18monthsfromthetermination,whicheverisless,plusalumpsumcashpaymentequaltothecostofthecontinuedmedicalcoveragefor18monthsunderCOBRA;

• AllrestrictionsonstockoptionsheldbytheNEOwilllapse,andtheoptionswillvestandbecomeimmediatelyexercisable;

• Allrestrictedstockwillvestandwillbepaidoutonlyinaccordancewiththetermsoftherespectiveawardagreements

• Continuedparticipationinthedirectors'andofficers'liabilityinsuranceforsixyearsoranylongerknownapplicablestatuteoflimitationsperiod;

• IndemnificationassetforthundertheCompany'sbylaws;and

• Outplacementbenefitsatacostnotexceeding$25,000.

Ouragreementsprovidea"bestnet"provisionprovidingtheNEOswiththebetteroftheirafter-taxbenefitcappedatthesafeharboramountortheirbenefitpaidinfullsubjectingthemtopossibleexcisetaxpayments.

IfanNEO'semploymentisterminatedfor"cause"duringtheperiodbeginninguponachange-in-controlandcontinuingfortwoyears,theNEOisentitledtoaccruedbutunpaidbasesalary,accruedearnedbutunpaidcashincentive,accruedbutunpaidpaidtimeoff,andanyotheramountsorbenefitsduebutnotpaid(lumpsumpayment).

OuragreementswithourNEOsusethefollowingdefinitions:

"Cause"meansanNEO's:

• convictionoforpleaofnolocontenderetoafelonyoracrimeinvolvingfraud,dishonestyormoralturpitude;

• willfulorrecklessmaterialmisconductintheperformanceofhis/herdutiesthathasanadverseeffectontheCompanyoranyofitssubsidiariesoraffiliates;

• willfulorrecklessviolationordisregardoftheCodeofBusinessConductoftheCompanyorthepoliciesoftheCompany;or

52

TableofContents

• habitualorgrossneglectofduties.

Causegenerallydoesnotincludebadjudgmentornegligence(otherthanhabitualneglectorgrossnegligence);actsoromissionsmadeingoodfaithafterreasonableinvestigationbytheNEO;oractsoromissionswithrespecttowhichtheBoardofDirectorscoulddeterminethattheNEOhadsatisfiedthestandardsofconductforindemnificationorreimbursementunderourbylaws,indemnificationagreement,orapplicablelaw;orfailure(despitegoodfaithefforts)tomeetperformancegoals,objectives,ormeasuresforaperiodbeginninguponachange-in-controlandcontinuingfortwoyears.AnNEO'sactorfailuretoact(exceptasrelatestoaconvictionorpleaofnolocontenderedescribedabove),whendoneingoodfaithandwithareasonablebeliefafterreasonableinvestigationthatsuchactionornon-actionwasinthebestinterestoftheCompanyoritsaffiliateorrequiredbylawshallnotconstitutecauseiftheNEOcurestheactionornon-actionwithintenbusinessdaysofnotice.Furthermore,noactorfailuretoactwillbecauseiftheNEOactedundertheadviceoftheCompany'scounselorasrequiredbythelegalprocess.

"Change-in-control"means:

• Anypersonorgroup(otherthananaffiliateoftheCompanyoranemployeebenefitplansponsoredbytheCompanyoritsaffiliates)becomesabeneficialowner,assuchtermisdefinedundertheExchangeAct,of25%ormoreofthecommonstockoftheCompanyor25%ormoreofthecombinedvotingpowerofallsecuritiesentitledtovotegenerallyintheelectionofdirectorsoftheCompany("VotingSecurities");

• TheCompany'sdirectorsasofadateoftheagreement("OriginalDirectors")anddirectorsapprovedafterthatdatebyatleasttwo-thirdsoftheOriginalDirectorsceasetoconstituteamajorityofthedirectorsoftheCompany;

• Consummationofanymerger,reorganization,recapitalization,consolidationorsimilartransaction("ReorganizationTransaction"),otherthanaReorganizationTransactionthatresultsinthepersonswhowerethedirectorindirectownersofoutstandingcommonstockandVotingSecuritiesoftheCompanypriortothetransactionbecoming,immediatelyafterthetransaction,theownerofatleast65%ofthethen-outstandingcommonstockandVotingSecuritiesrepresentingatleast65%ofthecombinedvotingpowerofthethen-outstandingVotingSecuritiesofthesurvivingcorporationinsubstantiallythesamerespectiveproportionsassuchpersons'ownershipimmediatelybeforesuchReorganizationTransaction;or

• ApprovalbythestockholdersoftheCompanyofthesaleorotherdispositionofallorsubstantiallyalloftheconsolidatedassetsoftheCompanyorthecompleteliquidationoftheCompanyotherthanatransactionthatwouldresultin(i)arelatedpartyowningmorethan50%oftheassetsthatwereownedbytheCompanyimmediatelypriortothetransactionor(ii)thepersonswhowerethedirectorindirectownersofoutstandingcommonstockoftheCompanyandVotingSecuritiespriortothetransactioncontinuingtoown,directlyorindirectly,50%ormoreoftheassetsthatwereownedbytheCompanyimmediatelypriortothetransaction.Achange-in-controlwillnotoccuriftheNEOagreesinwritingpriortoaneventthatsuchaneventwillnotbeachange-in-control.

"Disability"meansaphysicalormentalinfirmitythatimpairstheNEO'sabilitytosubstantiallyperformhis/herdutiesfor12monthsormoreorforwhichhe/sheisreceivingincomereplacementbenefitsfromaCompanyplanfornotlessthanthreemonthsbecauseofanimpairmentthatisexpectedtolastfornotlessthan12months.

"Disqualificationdisaggregation"means:

• theterminationofanNEO'semploymentfromtheCompanyoranaffiliatebeforeachange-in-controlforanyreason;or

53

TableofContents

• theterminationofanNEO'semploymentbyasuccessor(duringtheperiodbeginninguponachange-in-controlandcontinuingfortwoyears),iftheNEOisemployedinsubstantiallythesamepositionandthesuccessorhasassumedtheCompany'schange-in-controlagreement.

"Goodreason"means,generally,amaterialadversechangeintheNEO'stitle,positionorresponsibilities,areductionintheNEO'sbasesalary,amaterialreductionintheNEO'sannualbonus,requiredrelocation,amaterialreductioninthelevelofaggregatecompensationorbenefitsnotapplicabletotheNEO'speers,asuccessorcompany'sfailuretohonortheagreementorthefailureoftheCompany'sBoardofDirectorstoterminateanemployeewithin90daysofprovidingsuchemployeeofwrittennoticeofanactoromissionconstituting"cause."

TerminationScenarios(6)

54

Executive Payment For

Cause(1) Retirement(2) Death&

Disability(3) NotforCause(4) CIC(5)

RichardE.Muncrief StockOptions 0 NA 0 0 0 StockAwards 0 NA 12,684,057 12,684,057 18,640,698 CashSeverance 0 NA 0 2,604,000 3,444,000 Outplacement 0 NA 0 0 25,000 Health&Welfare 0 NA 0 50,000 21,555 Total $ 0 $ 0 $ 12,684,057 $ 15,338,057 $ 22,131,253

J.KevinVann StockOptions 0 NA 0 0 0 StockAwards 0 NA 4,224,629 4,224,629 5,796,617 CashSeverance 0 NA 0 1,422,462 1,408,308 Outplacement 0 NA 0 25,000 25,000 Health&Welfare 0 NA 0 20,526 30,790 Total $ 0 $ 0 $ 4,224,629 $ 5,692,617 $ 7,260,715

ClayM.Gaspar StockOptions 0 NA NA 0 0 StockAwards 0 NA 7,359,154 7,359,154 8,654,565 CashSeverance 0 NA 0 1,487,792 1,491,862 Outplacement 0 NA 0 25,000 25,000 Health&Welfare 0 NA 0 20,526 30,790 Total $ 0 $ 0 $ 7,359,154 $ 8,892,472 $ 10,202,217

BryanK.Guderian StockOptions 0 0 0 0 0 StockAwards 0 2,691,630 2,691,630 2,691,630 3,361,416 CashSeverance 0 0 0 1,114,798 1,731,999 Outplacement 0 0 0 25,000 25,000 Health&Welfare 0 0 0 20,526 30,790 Total $ 0 $ 2,691,630 $ 2,691,630 $ 3,851,954 $ 5,149,205

DennisC.Cameron StockOptions 0 NA 0 0 0 StockAwards 0 NA 1,783,012 1,783,012 2,251,094 CashSeverance 0 NA 0 923,178 979,452 Outplacement 0 NA 0 25,000 25,000 Health&Welfare 0 NA 0 20,526 30,790 Total $ 0 $ 0 $ 1,783,012 $ 2,751,716 $ 3,286,336

FormerExecutive MarciaM.MacLeod StockOptions 0 NA NA 0 NA

StockAwards 0 NA NA 468,115 NA CashSeverance 0 NA NA 1,480,567 NA Outplacement 0 NA NA 25,000 NA Health&Welfare 0 NA NA 14,369 NA Total $ 0 $ 0 $ 0 $ 2,751,716 $ 0

(1) ForCause:ForanNEOwhoisterminatedforcause,allunvestedstockoptionsandstockawardscancel.

(2) Retirement:IfanNEOretiresfromWPX,thenallunvestedstockoptionswillfullyaccelerate.Apro-ratedportionofthe2012and2013unvestedtime-basesRSUswillaccelerateandapro-ratedportionofanyperformance-basedRSUswillvestontheoriginalvestingdateiftheCompensationCommitteecertifiesthattheperformancegoalsweremet.

TableofContents

Wemakenoassumptionsastotheachievementofperformancegoalsasitrelatestotheperformance-basedRSUs.IfanawardiscoveredbySection409AoftheCode,lumpsumpaymentsanddistributionsoccurringfromtheseeventswilloccursixmonthsafterthetriggeringeventasrequiredbytheCodeandourawardagreements.

CompensationCommitteeReport

TheCompensationCommitteehasreviewedanddiscussedwithmanagementthesectionaboveentitled"Compensation Discussion and Analysis ."Basedonthisreviewanddiscussion,theCompensationCommitteerecommendedtotheBoardthattheCompensationDiscussionandAnalysisbeincludedinthe2017ProxyStatement.

William R. Granberry, Chairman Henry E. Lentz David F. Work

DirectorCompensation

OurCompensationCommitteeisresponsibleforreviewingthecompensationfornon-managementdirectorsannuallyandrecommendinganychangestoourBoardofDirectors.TheobjectiveofthisannualreviewistodeterminewhetherourdirectorcompensationisappropriateinrelationtoothercomparableU.S.companiesandiscompetitivetoattractandretainthemostqualifiedmembersforourBoardofDirectors.

Ournon-employeedirectorsreceivecompensationintheformofbothcashandequity,withamuchgreaterproportionofthetotalcompensationdeliveredintheformofrestrictedstockthanincash.Thisrestrictedstockvestsoneyearafterthedateofgrant.Theweightingtowardequityhelpstoaligntheinterestsofourdirectorswithourstockholders.Tofurtheraligntheinterestsofourdirectorswiththelong-terminterestsofourstockholders,ourstockownershipguidelinesrequireeachdirectortoholdcommonstockofWPXequaltoatleastfivetimestheannualcashretainerpaidtodirectors.Undertheguidelines,sharesownedoutright,restrictedstockawards,andequitydeferredunderournonqualifieddeferredcompensationplanarecountedasowned.If,ontheannualcompliancedateofFebruary1ofeachyear,adirectordoesnotownsharesequaltofivetimestheannualcashretainer,thatdirectorisrequiredtoretain50%ofanyWPXequityacquiredthroughthevestingofrestrictedstock,netoftaxes,untilthenextFebruary1compliancedatewhenhisorherWPXstockownershipmeetstherequiredmultipleofpay.

55

(3) Death&Disability:IfanNEOdiesorbecomesdisabled,thenallunvestedstockoptionswillfullyaccelerate.Allunvestedtime-basedRSUsandRSAswillfullyaccelerateandapro-ratedportionofanyperformance-basedRSUswillvestiftheCompensationCommitteecertifiesthattheperformancegoalsweremet

(4) NotforCause:ForanNEOwhoisinvoluntarilyterminatedwhoreceivesseveranceorforanNEOwhosejobisoutsourcedwithnocomparableinternaloffer,allunvestedtime-basedRSUsandRSAswillfullyaccelerateandapro-ratedportionofanyperformance-basedRSUswillvestiftheCompensationCommitteecertifiesthattheperformancegoalsweremet.However,unlessanNEOisretirementeligible,allunvestedstockoptionswillcancel.Undertheindividualstockoptionagreements,ifanNEOisretirementeligible,thenallunvestedstockoptionswillfullyaccelerate.

(5) CIC:see"Change-in-Control Agreements "sectionabove.

(6) EligibilitytoparticipateinourexecutiveseveranceplayplanisdeterminedbytheCompensationCommitteeinthecaseofanexecutiveofficer.OurCEOisnotcoveredbytheexecutiveseverancepayplan,andinsteadissubjecttoanemploymentagreement.See"Executive Compensation—Compensation Discussion and Analysis—Employment Agreements ."Adeterminationofwhetheranemployeehasbeenterminatedforcauseunderourchange-in-controlagreementsisdeterminedbytheBoard.

TableofContents

During2016,noneofournon-employeedirectorsdivestedsharesofourcommonstock,andonepurchasedatotalof12,500shares,10,000inourpublicequityofferingand2,500inanopen-marketpurchasesofourstock.

Underournonqualifieddeferredcompensationplan,non-employeedirectorsmaydeferupto100%oftheirannualcashretainerand/or100%oftheirannualequitygrant.AnycashorequitydeferredispaidwhenthedirectorleavesourBoard.

Thefollowingtablesummarizesourdirectorcompensationprogramfor2016andprovidesabreakdownofdirectorcompensationintheformofcashversusequity.

DirectorCompensationTable

ThefollowingtablesetsforthcertaininformationwithrespecttothecompensationoftheBoardofDirectorsearnedduringfiscalyear2016.

56

DollarValue PercentageofRetainer BoardMembers AnnualCashRetainer 75,000 29%AnnualEquityRetainer—RestrictedStock 185,000 71%TotalAnnualRetainer 260,000

CommitteeChairs AdditionalCashRetainer 15,000

Non-ExecutiveChairman AdditionalAnnualCashRetainer 20,000 15%AdditionalAnnualEquityRetainer—RestrictedStock 110,000 85%

TotalAnnualRetainer 130,000

Director

FeesEarnedorPaidin

Cash Stock

Awards(1)(2) OptionAwards

Non-EquityIncentivePlanCompensation

ChangeinPensionValueand

NonqualifiedDeferred

CompensationEarnings

AllOtherCompensation(3) Total

JohnA.Carrig 0 0 0 0 0 260,000 260,000WilliamR.Granberry 90,000 185,000 0 0 0 0 275,000RobertK.Herdman 90,000 0 0 0 0 185,000 275,000KeltKindick 75,000 185,000 0 0 0 0 260,000KarlF.Kurz 75,000 185,000 0 0 0 0 260,000HenryE.Lentz 75,000 185,000 0 0 0 0 260,000GeorgeA.Lorch 90,000 185,000 0 0 0 0 275,000WilliamG.Lowrie 95,000 295,000 0 0 0 0 390,000KimberlyS.Lubel 75,000 185,000 0 0 0 0 260,000DavidF.Work 75,000 0 0 0 0 185,000 260,000

(1) Representsthegrantdatefairvalueofthe2016stockawardsbasedona$9.75persharegrant-datestockprice.

TableofContents

EQUITYCOMPENSATIONPLANINFORMATION

ThefollowingtableprovidesinformationconcerningWPXcommonstockthatmaybeissuedupontheexerciseofoptions,warrantsandrightsundertheWPXEnergy,Inc.2013IncentivePlan,asamended,asofDecember31,2016.

57

Director GrantDate NumberofShares

Granted GrantDateFair

Value JohnA.Carrig 5/19/2016 18,974 185,000WilliamR.Granberry 5/19/2016 18,974 185,000RobertK.Herdman 5/19/2016 18,974 185,000KeltKindick 5/19/2016 18,974 185,000KarlF.Kurz 5/19/2016 18,974 185,000HenryE.Lentz 5/19/2016 18,974 185,000GeorgeA.Lorch 5/19/2016 18,974 185,000WilliamG.Lowrie 5/19/2016 30,256 295,000KimberlyS.Lubel 5/19/2016 18,974 185,000DavidF.Work 5/19/2016 18,974 185,000

(2) Thenon-employeedirectorshavethefollowingstockandoptionawardsoutstandingasofDecember31,2016.

Director NumberofOutstandingOption

Awards NumberofOutstandingStock

Awards JohnA.Carrig 50,495WilliamR.Granberry 18,974RobertK.Herdman 50,495KeltKindick 18,974KarlF.Kurz 18,974HenryE.Lentz 18,974GeorgeA.Lorch 89,963WilliamG.Lowrie 30,256KimberlyS.Lubel 18,974DavidF.Work 32,350

(3) Theamountsdisclosedinthe"AllOtherCompensation"columnrelatetodeferredFeesEarnedorPaidinCashanddeferredStockAwards(atgrantdatevalue).

PlanCategory

NumberofSecuritiestobeIssuedupon

ExerciseofOutstandingOptions,WarrantsandRights

Weighted-AverageExercisePriceof

OutstandingOptions,Warrants,andRights(1)

NumberofSecuritiesRemainingAvailableforFutureIssuance

UnderEquityCompensationPlans(ExcludingSecurities

Reflectedinthe1stColumnofThis

Table) Equitycompensationplansapprovedbysecurityholders 2,667,036 $ 15.31 7,799,986

(1) Excludesthesharesissuableuponthevestingofrestrictedstockunitsandrestrictedstockawardsincludedinthefirstcolumnofthistableforwhichthereisnoweighted-averageexerciseprice.

TableofContents

PROPOSAL2—ADVISORYVOTEONEXECUTIVECOMPENSATION

Atour2013annualmeetingofstockholders,ourstockholderselectedtohaveanadvisoryvoteonexecutivecompensationeveryyear.Weareaskingourstockholderstoprovideanadvisory,nonbindingvotetoapprovethecompensationawardedtoourNEOsfor2016.Thiscompensationisdescribedinthe"Executive Compensation "sectionandincludestheExecutiveSummary,CompensationDiscussionandAnalysis,andthecompensationtablesandrelateddisclosures.

AsdiscussedintheCompensationDiscussionandAnalysis,ourexecutivecompensationprogramisdesignedtofocusourexecutiveofficersonourstrategyofgrowingprofitableproductionandreserveswhilekeepingourunitcostdown,generatingpositivecashflow,andmaintainingadequateliquiditytomeetbusinessobjectives.Weemployperformancemetricstiedtoourstrategysoweencourageperformancethatcreateslong-termvalueforourstockholders.OurCompensationCommitteeoverseesourexecutivecompensationprogramandmaintainsafocusonpayingourexecutiveofficersforperformance,notonlythroughtheuseofperformancemetricstiedtoourstrategybutalsobyusingamixofcompensationelementsthatemphasizespaythatvariesbasedonWPX'sperformance.

In2016,wereceivedafavorableadvisoryvotewithapproximately96%oftheCompanysharesvotinginfavorofourexecutivecompensationprogram.WehavemadenosignificantchangestothestructureoftheCompany'sexecutivecompensationprogramasaresultofthevote.

Highlightsofourexecutivecompensationprograminclude:

• Themajorityofcompensationpaidtoourexecutivesisequity-based

• Weuseabalancedapproachtoperformancemetricstofocusexecutiveofficersonexecutingourstrategywhilediscouragingexcessiverisk-taking

• Ourstockownershipguidelinesencourageourexecutiveofficerstohaveasignificantstakeinourlong-termsuccessandaligntheirinterestswithstockholderinterests

• OurCompensationCommitteeregularlyreviewsshareutilization,overhanglevels,andtheannualrunrate

• Ourrecoupmentpolicyrequiresrecoveryofallperformance-basedincentivepaymentsfromexecutiveofficersfoundtoberesponsibleforfraudorintentionalmisconductthatresultsinasignificantrestatementofourfinancialresultsaswellasrecoupmentfromallotherexecutiveofficersofanyamountspaidinexcessoftheawardthatwouldhavebeenpaidbasedontherestatedfinancialresults

• Ourchange-in-controlagreementshaveadoubletriggerforpayments,equityawards,andotherbenefitssotheyarenottriggeredsolelyonachange-in-control

• WeprovideverylimitedperquisitestoourNEOs

• OurCompensationCommitteeengagesanindependentcompensationconsultanttoprovidecompetitivemarketdataforourexecutiveofficersandtoleaddiscussionsontrendswithinourindustry

• Whenmakingcompensationdecisions,ourCompensationCommitteeusestallysheetstoconsidertotaloutstandingequityvalueandestimatesofamountsthatwouldbepaidinvariousterminationscenarios

• Ourperformance-basedRSUprogramprohibitspayoutsinexcessof100%ifabsoluteTSRisnegative,regardlessoftherankingofourTSRrelativetopeers

• Otherthanthelimited-term,three-yearemploymentcontractenteredintowithourCEOinconnectionwithhisrecruitment,wedonotprovideemploymentcontractstoourNEOs

58

TableofContents

• Wedonotprovidegross-upstocoverpersonalincometaxesthatpertaintoexecutiveorseverancebenefitsorthelimitedperquisitesthatweoffer

• Ourinsidertradingpolicyprohibitsshortsalesofourcommonstockandtheuseofequivalentderivativesecuritiesbyourdirectorsandexecutiveofficers(anti-hedgingpolicy)

• Wedonotpermitourdirectorsorexecutiveofficerstoengageinmargintradingofourstockortouseoursecuritiesascollateralforaloan(anti-pledgingpolicy)

• Ourincentiveplanprohibitstherepricingandbackdatingofstockoptionswithoutstockholderapproval.

Weareaskingourstockholderstoindicatetheirsupportforourexecutivecompensationprograms.WebelievetheinformationprovidedinthisProxyStatementdemonstratesourexecutivecompensationprogramisdesignedandoperatestoaligntheinterestsofourexecutiveofficerswiththeinterestsofourstockholderstocreatevalueoverthelong-term.

Whilethisvoteisadvisoryandnotbinding,wewillconsidertheoutcomeofthevote,alongwithotherrelevantfactors,whenmakingfutureexecutivecompensationdecisions.

Forthereasonssetforthabove,theBoardrecommendsthatyouvoteFORthefollowingresolution:

RESOLVEDthatthestockholdersapprove,onanadvisorybasis,thecompensationpaidtotheNEOs,asdisclosedinthisproxystatementpursuanttothecompensationdisclosurerulesoftheSecuritiesandExchangeCommission,includingtheCompensationDiscussionandAnalysis,thecompensationtables,andrelatednarrativediscussion.

CERTAINRELATIONSHIPSANDTRANSACTIONS

ProceduresforReviewandApprovalofRelated-PartyTransactions

TheBoardhasadoptedpoliciesandprocedureswithrespecttorelated-persontransactionsaspartoftheAuditCommitteecharter.Anyproposedrelated-persontransactioninvolvingamemberoftheBoardortheChiefExecutiveOfficermustbereviewedandapprovedbythefullBoard.TheAuditCommitteereviewsproposedtransactionswithanyotherrelatedpersons,promoters,andcertaincontrolpersons.IfitisimpracticaltoconveneanAuditCommitteemeetingbeforearelated-persontransactionoccurs,thechairofthecommitteemayreviewthetransactionalone.

Nodirectormayparticipateinanyreview,considerationorapprovalofanyrelated-persontransactionwithrespecttowhichsuchdirectororanyofhisorherimmediatefamilymembersistherelatedperson.TheAuditCommitteeoritschair,ortheBoard,asthecasemaybe,ingoodfaith,mayapproveonlythoserelated-persontransactionsthatarein,ornotinconsistentwith,WPXEnergy'sbestinterestsandthebestinterestsofourstockholders.Inconductingareviewofwhetheratransactionis,orisnotinconsistentwith,thebestinterestofWPXEnergyanditsstockholders,theAuditCommitteeoritschair,ortheBoard,asthecasemaybe,willconsiderthebenefitsofthetransactiontotheCompany,theavailabilityofothersourcesforcomparableproductsorservices,thetermsofthetransaction,thetermsavailabletounrelatedthirdpartiesandtoemployeesgenerally,andthenatureoftherelationshipbetweentheCompanyandtherelatedparty,amongotherthings.

COMPENSATIONCOMMITTEEINTERLOCKSANDINSIDERPARTICIPATION

Duringfiscal2016,Messrs.Granberry,LentzandWorkservedontheCompensationCommittee.NoneoftheseindividualshasbeenanofficeroremployeeoftheCompanyoranyofitssubsidiariesatanytime.In2016,noneofourexecutiveofficersservedasamemberoftheboardofdirectorsorcompensationcommitteeofanyothercompanythathasoneormoreexecutiveofficersservingasamemberofourBoardorCompensationCommittee.

59

TableofContents

AUDITCOMMITTEEREPORT

TheAuditCommitteeofourBoardofDirectorsiscomprisedofthreenon-employeedirectors.TheBoardofDirectorshasdeterminedthatallofthemembersoftheAuditCommitteeareindependentwithinthemeaningofthelistingstandardsoftheNYSE,therulesoftheSECandtheCompany'sCorporateGovernanceGuidelinesandarefinanciallyliterateasdefinedbytheNYSEandareauditcommitteefinancialexpertsasdefinedbytheSEC.TheAuditCommitteeoperatesunderawrittencharteradoptedbytheBoardofDirectors.Consistentwiththischarter,theAuditCommitteeassiststheBoardofDirectorswithitsoversightresponsibilitiesastheyrelateto:

• theintegrityoftheCompany'sfinancialstatements;

• theeffectivenessoftheCompany'sinternalcontrolsoverfinancialreporting;

• theCompany'scompliancewithlegalandregulatoryrequirements;

• theimplementationandeffectivenessoftheCompany'sethicsandcomplianceprogram;

• theindependentauditor'squalificationsandindependence;and

• theperformanceoftheCompany'sindependentauditorandinternalauditors.

TheAuditCommitteealsohasresponsibilityforpreparingthisreport,whichmustbeincludedinourproxystatement,andappointingandretainingtheCompany'sindependentauditor.Inordertomeettheresponsibilitiesassignedtoitunderitscharter,theAuditCommitteeperformsanumberoftasks,includingthefollowing:

• Advancereviewofallauditandlegallypermittednon-auditservicestobeprovidedbyourindependentauditor.Thistaskincludessoleapprovalauthorityforthefeesandtermsoftheauditor'sengagement.

• ReviewoftheCompany'sauditedfinancialstatementsandquarterlyfinancialstatements.Inconnectionwiththistask,theAuditCommitteefocusesonseveralfactors,includingtheindependentauditor'sjudgmentofthequalityoftheCompany'saccountingprinciplesandmajorissuesregardingjudgmentsmadeinconnectionwiththepreparationoffinancialstatements.

• Atleastanannualevaluationoftheindependentauditor.TheAuditCommitteeestablishedaprocessforevaluatingtheindependentauditorthatincludesobtaininganannualassessmentfromtheCompany'smanagement.Thatassessmentincludesseveralfactorsrelatedtotheindependentauditor,includingqualificationsandexpertise,pastperformanceandappropriatenessoffees.TheAuditCommitteealsoconsidersthecommunicationandinteractionswiththeindependentauditoroverthecourseoftheyearandtheresultsofPCAOBinspections,andconductsareviewoftheindependentauditor'sinternalqualitycontrolprocedures.

• Atleastanannualevaluationoftheindependentauditor'sindependence.

• QuarterlyreviewsoftheCompany'searningspressreleasesaswellasreviewsofguidanceprovidedtoinvestors.

• PeriodicreviewsoftheadequacyandeffectivenessoftheCompany'saccountingandinternalcontrolpoliciesandprocedures.

• PeriodicreviewsoftheCompany'sprogramforassessingandmanagingrisks,includingstepsmanagementhastakentomonitorandcontrolexposurestosuchrisks.

ManagementisresponsiblefortheCompany'sinternalcontrolsandthefinancialreportingprocess.TheCompany'sindependentregisteredpublicaccountingfirm,Ernst&YoungLLP,isresponsibleforperforminganindependentauditoftheCompany'sconsolidatedfinancialstatementsinaccordance

60

TableofContents

withthestandardsofthePublicCompanyAccountingOversightBoard(UnitedStates),expressinganopinionastotheconformityofthefinancialstatementswithgenerallyacceptedaccountingprinciples,andexpressinganopinionontheCompany'sinternalcontroloverfinancialreporting.TheAuditCommittee'sresponsibilityistomonitorandoverseetheseprocesses.TheAuditCommitteehasdiscussedandreviewed,withbothmanagementandErnst&YoungLLP,management'sannualreportontheCompany'sinternalcontroloverfinancialreportingandErnst&YoungLLP'sattestation.

ManagementrepresentedtotheAuditCommitteethattheCompany'sconsolidatedfinancialstatementswerepreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica,andtheAuditCommitteehasreviewedanddiscussedwithmanagementandtheindependentregisteredpublicaccountingfirminseparatesessionstheCompany'sconsolidatedfinancialstatementsfortheyearsendedDecember31,2016,December31,2015andDecember31,2014.

TheAuditCommitteediscussedwithErnst&YoungLLPallmattersrequiredtobediscussedbyAuditingStandardNo.1301(CommunicationswithAuditCommittees).TheCompany'sindependentregisteredpublicaccountingfirmalsoprovidedtotheAuditCommitteethewrittendisclosuresandtheletterrequiredbyapplicablerequirementsofthePublicCompanyAccountingOversightBoardregardingtheindependentregisteredpublicaccountingfirm'scommunicationswiththeAuditCommitteeconcerningindependence,andtheAuditCommitteediscussedwiththeindependentregisteredpublicaccountingfirmtheaccountingfirm'sindependence.Inconsideringtheindependenceoftheindependentregisteredpublicaccountingfirm,theAuditCommitteetookintoconsiderationwhethertheprovisionofnon-auditservicesiscompatiblewithmaintainingtheindependenceoftheindependentregisteredpublicaccountingfirm.

TheCommitteealsoconsidersotherfactors,includingthepolicythatErnst&YoungLLPfollowswithrespecttorotationofitskeyauditpersonnel,sothatthereisanewpartner-in-chargeatleasteveryfiveyears.TheCommitteeisinvolvedintheselectionofthepartner-in-chargebythetimerotationisrequired.Ernst&YoungLLPdevelopsalistofpotentialcandidatesandidentifiesoneofthecandidatesasrecommendedbythefirm.TherecommendedcandidatemeetswithmembersofmanagementandtheCommittee.Attributesevaluatedincludeclientandfunctionalexperience,technicalcompetence,communicationskills,criticalbehaviors,familiaritywithauditcommitteeprocessesandindependentcommunicationsandstaturewithinErnst&YoungLLP.Iftherecommendedcandidateisselected,theprocessiscomplete.Iftherecommendedcandidateisnotselected,theprocesscontinueswithadditionalcandidatemeetingsuntilanacceptablecandidateisidentified.During2016,TheCommitteecompletedtheprocessfordeterminingthesuccessorpartnerfortherotationrequiredin2017.

BasedupontheAuditCommittee'sreviewofthefinancialstatements,management'sreportoninternalcontrolsoverfinancialreporting,independentdiscussionswithmanagementandErnst&YoungLLP,andtheAuditCommittee'sreviewoftherepresentationofmanagementandthereportoftheindependentregisteredpublicaccountingfirmtotheAuditCommittee,theAuditCommitteerecommendedtotheBoardofDirectorsthateachof(1)theauditedconsolidatedfinancialstatementsfortheyearsendedDecember31,2016,December31,2015andDecember31,2014,and(2)management'sreportoninternalcontrolsoverfinancialreportingbeincludedintheCompany'sAnnualReportonForm10-KforthefiscalyearendedDecember31,2016filedwiththeSEC.

MembersoftheAuditCommittee

Robert K. Herdman, Chairman John A. Carrig Kelt Kindick

61

TableofContents

INDEPENDENTREGISTEREDPUBLICACCOUNTINGFIRM

DisclosureofFeesPaidtoIndependentRegisteredPublicAccountingFirm

ThefollowingtablepresentsfeesforprofessionalservicesrenderedbyErnst&YoungLLPfortheauditoffinancialstatementsandotherservicesin2015and2016.

In2016and2015,allofErnst&YoungLLP'sfeeswerepre-approvedbytheCompany'sAuditCommittee.

AuditCommittee'sConsiderationofIndependenceofIndependentRegisteredPublicAccountingFirm

TheAuditCommitteehasreviewedthenatureofnon-auditservicesprovidedbyErnst&YoungLLPandhasconcludedthattheseservicesarecompatiblewithmaintainingthefirm'sabilitytoserveasourindependentregisteredpublicaccountingfirm.

PolicyonAuditCommitteePre-ApprovalofAuditandNon-AuditServicesofIndependentAuditors

TheAuditCommitteehasestablishedapolicyregardingpre-approvalofallauditandnon-auditservicesprovidedbyErnst&YoungLLP.

Onanongoingbasis,ourmanagementpresentsspecificprojectsandcategoriesofservicetotheAuditCommitteetorequestadvanceapproval.TheAuditCommitteereviewsthoserequestsandadvisesmanagementiftheAuditCommitteeapprovestheengagementofErnst&YoungLLP.Onaperiodicbasis,ourmanagementreportstotheAuditCommitteeregardingtheactualspendingforsuchprojectsandservicescomparedtotheapprovedamounts.TheAuditCommitteemayalsodelegatetheauthoritytopre-approveauditandpermittednon-auditservices,excludingservicesrelatedtotheCompany'sinternalcontroloverfinancialreporting,toasubcommitteeofoneormorecommitteemembers,providedthatanysuchpre-approvalsarereportedatasubsequentAuditCommitteemeeting.

TheAuditCommittee'spre-approvalpolicywithrespecttoauditandnon-auditservicesisanattachmenttotheAuditCommitteeCharter,whichisavailableonourwebsiteatwww.wpxenergy.comunder"Investors"and"CorporateGovernance."

62

(inmillions) 2016 2015 AuditFees(1) $ 2.6 $ 3.6Audit-RelatedFees(2) $ — $ 0.1TaxFees(3) $ 0.5 $ 0.1AllOtherFees $ — $ —Total $ 3.1 $ 3.8

(1) Theaggregateauditfeesin2016and2015billedbyErnst&YoungLLPwereforfeesassociatedwiththeauditoftheCompany'sconsolidatedfinancialstatements,theauditofitsinternalcontroloverfinancialreporting,thereviewofitsquarterlyfinancialstatements,andservicesthatarenormallyprovidedinconnectionwithstatutoryandregulatoryfilings,includingconsultingservicesandservicesinconnectionwiththeCompany'sfilingsundertheSecuritiesActof1933,asamended.

(2) TheaggregatefeesbilledbyErnst&YoungLLPforaudit-relatedfeesconsistedofservicesinconnectionwithanacquisitionin2015.

(3) TheaggregatefeesbilledbyErnst&YoungLLPfortaxserviceswererelatedprimarilytotaxplanning,taxadvice,andtaxcompliance.

TableofContents

PROPOSAL3—RATIFICATIONOFINDEPENDENTREGISTEREDPUBLICACCOUNTINGFIRM

TheAuditCommitteehasappointedErnst&YoungLLPasourindependentregisteredpublicaccountingfirmfortheyearendingDecember31,2017.TheBoardhasproposedthatstockholdersratifythisappointmentattheAnnualMeeting.IfstockholdersdonotratifytheappointmentofErnst&YoungLLP,theAuditCommitteewillreconsidertheappointmentbutisnotobligatedtoappointanotherindependentregisteredpublicaccountingfirm.

InselectingErnst&YoungLLPasourindependentpublicaccountingfirmfor2017,theAuditCommitteeconsideredanumberoffactors,including:

• Ernst&YoungLLP'sinternalquality-controlprocedures,includingresultsofthemostrecentPublicCompanyAccountingOversightBoard(PCAOB)inspectionreportonErnst&YoungLLPandtheresultsofpeerreviewexaminations;

• ConsiderationofinvestigationsbygovernmentalorprofessionalauthoritiesandwhethertheymayimpairErnst&YoungLLP'sabilitytoperformourannualaudit;

• Ernst&YoungLLP'sindependenceprogramandanyrelationshipsbetweenErnst&YoungLLPandourcompanythatcouldhaveabearingonErnst&YoungLLP'sindependence;

• Ernst&YoungLLP'sindustryexperiencetoauditouroperations;

• Theprofessionalqualificationsoftheleadauditpartnerandotherkeyengagementpersonnel;

• Theperiodicrefreshmentofperspectiveandobjectivityprovidedbythemandatoryfive-yearrotationofthepartner-in-charge;

• Theengagementteam'scollectiveexpertiseandknowledgeofourbusiness,operationsandriskprofile;and

• TheresultsoftheevaluationofErnst&YoungLLP'sperformancedescribedintheAuditCommitteeReport.

RepresentativesofErnst&YoungLLPareexpectedtobepresentattheAnnualMeeting,willhaveanopportunitytomakeastatementiftheysodesireandwillbeavailabletorespondtoquestionsfromstockholders.

TheBoardrecommendsavoteFORratificationoftheselectionofErnst&YoungLLPasourindependentregisteredpublicaccountingfirmfortheyearendingDecember31,2017.ProxieswillbevotedFORratifyingthisselectionunlessyouspecifyotherwise.

SECURITYOWNERSHIPOFCERTAINBENEFICIALOWNERSANDMANAGEMENT

ThefollowingtablesetsforthcertaininformationasofMarch10,2017,withrespecttothenumberofsharesofcommonstockownedby(a)eachdirectorandnomineefordirectoroftheCompany,(b)eachnamedexecutiveofficerofWPX,(c)alldirectorsandexecutiveofficersandnomineesasagroupand(d)eachstockholderknownbyWPXtoownbeneficiallymorethanfivepercentofaclassoftheoutstandingcommonstock.Unlessotherwisenoted,eachpersonandgroup

63

TableofContents

identifiedpossessessolevotingandinvestmentpowerwithrespecttothesharesshownoppositesuchperson'sorgroup'sname.

64

NameofIndividualorGroup

SharesofCommonStockOwnedDirectly

orIndirectly(1)(2)

OptionsExercisable

Within60DaysofMarch10,

2017(3) Total(1)(2)(3) PercentofClass(4)

JohnA.Carrig 128,302(5) 0 128,302(5) * WilliamR.Granberry 137,405(6) 0 137,405(6) * RobertK.Herdman 68,302 0 68,302 * KeltKindick 103,626 0 103,626 * KarlF.Kurz 44,023 0 44,023 * HenryE.Lentz 78,302 0 78,302 * GeorgeA.Lorch 178,071 0 178,071 * WilliamG.Lowrie 242,076 0 242,076 * KimberlyS.Lubel 73,252 0 73,252 * DavidF.Work 70,302 0 70,302 * DennisC.Cameron 249,384 35,251 284,635 * ClayM.Gaspar 915,382 0 915,382 * BryanK.Guderian 408,189 162,226 570,415 * RichardE.Muncrief 1,951,474 121,167 2,072,641 * J.KevinVann 532,617 36,459 569,076 * Alldirectorsnomineesandexecutiveofficersasagroup(15individuals) 5,180,707 355,103 5,535,810 1.4%

BlackRock,Inc.(7) 29,653,840 0 29,653,840 8.5%WellingtonManagementGroupLLP(andrelatedparties)(8) 34,306,624 0 34,306,624 9.96%TheVanguardGroup,Inc.(andrelatedparties)(9) 27,531,169 0 27,531,169 7.99%

* Lessthan1%.

(1) IncludesrestrictedstockunitsoverwhichexecutiveofficershavenovotingorinvestmentpowerheldunderthetermsoftheWPXEnergy,Inc.2013IncentivePlanasfollows:Mr.Cameron,94,801;Mr.Gaspar,374,056;Mr.Guderian,139,167;Mr.Muncrief,1,022,547;Mr.Vann243,919;andallNEOswhoarecurrentlyexecutiveofficers,1,847,490.RestrictedstockunitsheldbyMessrs.GasparandVannincludebothtime-basedandperformance-basedawards.RestrictedstockunitsheldbyMessrs.Cameron,GuderianandMuncriefonlyincludeperformance-basedawards.

(2) IncludesrestrictedstockunitsandsharesofdeferredcommonstockoverwhichindependentdirectorshavenovotingorinvestmentpowerheldunderthetermsoftheWPXEnergy,Inc.2013IncentivePlanasfollows:Mr.Carrig,50,495;Mr.Herdman,50,495;Mr.Lorch,70,989;Mr.Work32,350;andallindependentdirectorsasagroup,204,329.Thesedirectorshavetherighttoacquirethesharesunderlyingtheserestrictedstockunitsandsharesofdeferredcommonstockwithin60daysofMarch10,2017,exceptfor9,141oftherestrictedstockunitsheldbyMr.Lorch.Restrictedstockunitsincludetime-basedawards.IncludesrestrictedsharesofcommonstockheldunderthetermsoftheWPXEnergy,Inc.2013IncentivePlan,whichwillvestonMay19,2017,asfollows:Mr.Granberry,18,974;Mr.Kindick,18,974;Mr.Kurz,18,974;Mr.Lentz,18,974;Mr.Lorch,18,974;Mr.Lowrie,30,256;andMs.Lubel,18,974.

TableofContents

65

(3) ThesharesindicatedrepresentstockoptionsgrantedundertheWPXEnergy,Inc.2013IncentivePlanthatarecurrentlyexercisableorwillbecomeexercisablewithin60daysofMarch10,2017.Sharessubjecttooptionscannotbevoted.

(4) Ownershippercentageisreportedbasedon397,402,131sharesofcommonstockoutstandingonMarch10,2017,plus,astotheholderthereofandnootherperson,thenumberofshares(ifany)thatthepersonhastherighttoacquireasofMarch10,2017,orwithin60daysofthatdate.Restrictedstockunitsthatdonotvestwithin60daysofMarch10,2017arenotincludedinownershippercentage.

(5) Includes10,000sharesownedbyMr.Carrig'sspouse,overwhichshepossessessolevotingandinvestmentpower.

(6) Includes1,496sharesownedbyMr.Granberry'sspouse,overwhichshepossessessolevotingandinvestmentpower.

(7) Theaddressofthisentityis55East52ndStreet,NewYork,NY10055.TheinformationprovidedisbasedonaSchedule13G/AfiledbyBlackRock,Inc.onoraboutJanuary27,2017.ThatfilingindicatesthatBlackRock,Inc.hassolevotingpowerasto28,423,665ofthesharesshown,soledispositivepowerastoall29,643,906sharesshownandshareddispositivepowerasto9,934ofthesharesshown.

(8) Theaddressofthisentityisc/oWellingtonManagementCompanyLLP,280CongressStreet,Boston,MA02210.TheinformationprovidedisbasedonaSchedule13G/AjointlyfiledbyWellingtonManagementGroupLLP("WellingtonManagement"),WellingtonGroupHoldingsLLP("WellingtonHoldings"),WellingtonInvestmentAdvisorsHoldingsLLP("WellingtonAdvisors")andWellingtonManagementCompanyLLP("WellingtonCompany")onoraboutFebruary9,2017.ThesesharesareownedofrecordbyclientsofWellingtonCompany,WellingtonManagementCanadaLLC,WellingtonManagementSingaporePteLtd.,WellingtonManagementHongKongLtd.,WellingtonManagementInternationalLtd.,WellingtonManagementJapanPteLtd.andWellingtonManagementAustraliaPtyLtd.(collectively,the"WellingtonInvestmentAdvisors").WellingtonAdvisorscontrolsdirectly,orindirectlythroughWellingtonManagementGlobalHoldingsLtd.,theWellingtonInvestmentAdvisors.WellingtonAdvisorsisownedbyWellingtonHoldings.WellingtonHoldingsisownedbyWellingtonManagement.TheclientsoftheWellingtonInvestmentAdvisorshavetherighttoreceive,orthepowertodirectthereceiptof,dividendsfrom,ortheproceedsfromthesaleof,suchsecurities.Nosuchclientisknowntohavesuchrightorpowerwithrespecttomorethanfivepercentofthisclassofsecurities.EachofWellingtonManagement,WellingtonHoldingsandWellingtonAdvisorshassharedvotingpowerover26,636,469ofthesharesshownandshareddispositivepowerover34,306,624ofthesharesshown.WellingtonCompanyhassharedvotingpowerover23,833,798ofthesharesshownandshareddispositivepowerover29,385,616ofthesharesshown.

(9) Theaddressofthisentityis100VanguardBoulevard,Malvern,Pennsylvania19355.TheinformationprovidedisbasedonaSchedule13G/AfiledbyTheVanguardGroup,Inc.onoraboutFebruary10,2017.ThatfilingindicatesthatTheVanguardGrouphassolevotingpowerasto204,923ofthesharesshown,soledispositivepowerasto27,311,242ofthesharesshownandshareddispositivepowerasto219,927ofthesharesshown.ThatfilingalsoindicatesthatVanguardFiduciaryTrustCompany,awholly-ownedsubsidiaryofTheVanguardGroup,Inc.,isthebeneficialownerof186,646ofthesharesshownasaresultofitsservingasinvestmentmanagerofcollectivetrustaccounts.ThatfilingfurtherindicatesthatVanguardInvestmentsAustralia,Ltd.,awholly-ownedsubsidiaryofTheVanguardGroup,Inc.,isthebeneficialownerof51,558ofthesharesshownasaresultofitsservingasinvestmentmanagerofAustralianinvestmentofferings.

TableofContents

SECTION16(a)BENEFICIALOWNERSHIPREPORTINGCOMPLIANCE

Section16(a)oftheExchangeActrequiresourdirectorsandexecutiveofficers,andcertainpersonswhoownmorethantenpercentofourcommonstock,tofilewiththeSECinitialreportsofownershipandreportsofchangesinownershipofourcommonstockandotherequitysecurities.Directors,executiveofficersandthesegreater-than—ten-percentstockholdersarerequiredbySECregulationstofurnishuswithcopiesofallSection16(a)formstheyfile.

Toourknowledge,basedsolelyonareviewofthecopiesofthesereportsandotherinformationfurnishedtous,allSection16(a)filingrequirementsapplicabletoourdirectors,executiveofficersandgreater—than-ten-percentbeneficialownerswerecompliedwithonatimelybasisduringandfortheyearendedDecember31,2016.

OTHERMATTERSATMEETING

InaccordancewiththerequirementsofadvancenoticedescribedinourBylaws,nostockholdernominationsorstockholderproposalswillbepresentedattheAnnualMeeting.WeknowofnoothermattersthatmaycomebeforetheAnnualMeeting.However,ifanymatterscallingforavoteofthestockholders,otherthanthosereferredtointhisproxystatement,shouldproperlycomebeforethemeeting,thepersonsnamedintheenclosedproxywillvotesuchproxyaccordingtotheirindividualjudgment.

Tulsa,OklahomaApril4,2017

66

ByOrderoftheBoardofDirectors,

StephenE.BrilzVice President and Corporate Secretary

 MMMMMMMMMMMM . MMMMMMMMMMMMMMM C123456789 000004 000000000.000000 ext 000000000.000000 ext 000000000.000000 ext 000000000.000000 ext 000000000.000000 ext 000000000.000000 ext ENDORSEMENT_LINE______________ SACKPACK_____________ Electronic Voting Instructions Available 24 hours a day, 7 days a week! Instead of mailing your proxy, you may choose one of the voting methods outlined below to vote your proxy. VALIDATION DETAILS ARE LOCATED BELOW IN THE TITLE BAR. Proxies submitted by the Internet or telephone must be received by 11:59 p.m., Eastern Time, on May 17, 2017. MR A SAMPLE DESIGNATION (IF ANY) ADD 1 ADD 2 ADD 3 ADD 4 ADD 5 ADD 6 Vote by Internet • Go to www.envisionreports.com/WPX • Or scan the QR code with your smartphone • Follow the steps outlined on the secure website Vote by telephone • Call toll free 1-800-652-VOTE (8683) within the USA, US territories & Canada on a touch tone telephone • Follow the instructions provided by the recorded message Using a black ink pen, mark your votes with an X as shown in this example. Please do not write outside the designated areas. q IF YOU HAVE NOT VOTED VIA THE INTERNET OR TELEPHONE, FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE. q Proposals — The Board recommends a vote FOR all nominees, and FOR Proposals 2 and 3. + 1. Election of Directors: For Against Abstain For Against Abstain For Against Abstain 01 - John A. Carrig 02 - William R. Granberry 03 - Robert K. Herdman 05 - Karl F. Kurz 06 - Henry E. Lentz 04 - Kelt Kindick 08 - William G. Lowrie 09 - Kimberly S. Lubel 07 - George A. Lorch 11 - David F. Work 10 - Richard E. Muncrief For Against Abstain ForAgainst Abstain 2. Say on Pay - An advisory vote on the approval of executive compensation. 3. Proposal to ratify the appointment of Ernst & Young LLP as the independent public accounting firm for the Company for the year ending December 31, 2017. Authorized Signatures — This section must be completed for your vote to be counted. — Date and Sign Below Please sign exactly as name(s) appears hereon. Joint

owners should each sign. When signing as attorney, executor, administrator, corporate officer, trustee, guardian, or custodian, please give full title. Date (mm/dd/yyyy) — Please print date below. Signature 1 — Please keep signature within the box. Signature 2 — Please keep signature within the box. MMMMMMMC 1234567890 IF VOTING BY MAIL, YOU MUST COMPLETE SECTIONS A - C ON BOTH SIDES OF THIS CARD. J N T MR A SAMPLE (THIS AREA IS SET UP TO ACCOMMODATE 140 CHARACTERS) MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND + 1 U P X3 2 5 4 3 1 1 02JK8B MMMMMMMMM B A Annual Meeting Proxy Card1234 5678 9012 345 X IMPORTANT ANNUAL MEETING INFORMATION

 

. 2017 Annual Meeting of WPX Energy, Inc. Stockholders Thursday, May 18, 2017, 9:30 a.m. (Central Time) Seville I Room Renaissance Tulsa Hotel & Convention Center 6808 South 107th East Avenue Tulsa, Oklahoma 74133 Directions to the Renaissance Tulsa Hotel & Convention Center From the airport: Travel west on Airport Drive to North 76th East Avenue and turn left. Turn right then make a slight left onto Airport Drive. Proceed to East Virgin Street and turn right. Make a slight left onto the ramp and merge onto OK-11 East. Follow OK-11 East to exit 9 and merge to the left onto US-244 East. From US-244 East take exit 13B for US-169 South. Continue on US-169 South to the East 61st Street South exit. Keep left at the fork in the ramp and turn left onto East 61st Street South. Proceed to South 107th East Avenue and turn right. The hotel is approximately 6/10 mile on the right. q IF YOU HAVE NOT VOTED VIA THE INTERNET OR TELEPHONE, FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE. q + Proxy — WPX Energy, Inc. Notice of 2017 Annual Meeting of Stockholders Proxy Solicited by Board of Directors for Annual Meeting Dennis C. Cameron and Stephen E. Brilz, or either of them, each with the power of substitution, are hereby authorized to represent and vote the shares of the undersigned, with all the powers which the undersigned would possess if personally present, at the Annual Meeting of Stockholders of WPX Energy, Inc. to be held on May 18, 2017 or at any postponement or adjournment thereof. Shares represented by this proxy will be voted as directed by the stockholder. If no such directions are indicated, the Proxies will have authority to vote FOR all nominees, and FOR Proposals 2 and 3. In their discretion, the Proxies are authorized to vote upon such other business as may properly come before the meeting. (Items to be voted appear on reverse side.) Non-Voting Items Change of Address — Please print your new address below. Comments — Please print your comments below. Meeting Attendance Mark the box to the right if you plan to attend the Annual Meeting. + IF VOTING BY MAIL, YOU MUST COMPLETE SECTIONS A - C ON BOTH SIDESOF THIS CARD. C