SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 November 25, 2003 -------------------------------------------------- (Date of Report - Date of earliest event reported) KERR-McGEE CORPORATION ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 1-16619 73-1612389 -------------- ------------------------ ------------------- (State of (Commission File Number) (IRS Employer Incorporation) Identification No.) Kerr-McGee Center Oklahoma City, Oklahoma 73125 ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) (405) 270-1313 ------------------------------- (Registrant's telephone number) Item 9. Regulation FD Disclosure On November 25, 2003, Kerr-McGee Corporation will hold a security analyst meeting to discuss its financial and operating outlook for 2003. During the meeting, the company will discuss certain expectations for oil and natural gas production volumes for the year 2003. A table providing the projection ranges of 2003 average daily oil and natural gas production is furnished below. Kerr-McGee Corp. Projected Daily Average Production Volumes As of November 2003 2003 Production Forecast -------------------------------------------------------------------------------------------- 1-Qtr 2-Qtr 3-Qtr 4-Qtr Year ---------------- ---------------- ---------------- ---------------- ---------------- Crude Oil Actual Actual Actual Projected Projected (BOPD) Onshore 21,300- 21,300 20,700- 20,700 18,400- 18,400(1) 17,000- 18,500(1) 19,300- 19,700(1) Offshore 59,700- 59,700 57,500- 57,500 55,400- 55,400 51,000- 54,000 55,900- 56,600 ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- U.S. 81,000- 81,000 78,200- 78,200 73,800- 73,800 68,000- 72,500 75,200- 76,300 ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- North Sea 80,100- 80,100 72,300- 72,300 67,200- 67,200 65,000- 70,000 71,100- 72,400 ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- Other International 4,300- 4,300 4,300- 4,300 0- 0(2) 0- 0(2) 2,100- 2,100(2) ------- ------- ------- ------- ------- ------ ------- ------- ------- ------- Total 165,400- 165,400 154,800- 154,800 141,000- 141,000 133,000- 142,500 148,400- 150,800 ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= Natural Gas (MMCF/D) 1-Qtr 2-Qtr 3-Qtr 4-Qtr Year ---------------- ---------------- ---------------- ---------------- ---------------- Onshore 369- 369 342- 342 343- 343 335- 365 347- 355 Offshore 286- 286 275- 275 265- 265 250- 275 269- 275 ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- U.S. 655- 655 617- 617 608- 608 585- 640 616- 630 ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- North Sea 106- 106 80- 80 91- 91 100- 110 94- 97 ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- Other International 0- 0 0- 0 0- 0 0- 0 0- 0 ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- Total 761- 761 697- 697 699- 699 685- 750 710- 727 ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= BOE/D 292,200- 292,200 271,000- 271,000 257,500- 257,500 247,200- 267,500 266,700- 272,000 ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= Notes: (1) Reflects reduction of approximately 2,500 BOPD of production associated with the sale of Stephens County, Texas assets, effective July 1, 2003. (2) Reflects the sale of the company's interest in the Liuhua field effective July 1, 2003. ** Cautionary Statement Concerning Forward-Looking Statements ** The information contained in this table regarding Kerr-McGee's projected production volume forecasts are only estimated projections that may or may not occur in the future, and constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Future results and developments set forth in this statement may be affected by numerous uncertainties, factors and risks, such as but not limited to the accuracy of the assumptions that underlie the statement, the success of the oil and gas exploration and production program, drilling risks, market value of oil and gas, uncertainties in interpreting engineering data, changes in laws and regulations, the ability to respond to challenges in international markets, political or economic conditions, trade and regulatory matters, and other factors and risks identified in the Risk Factors section of Kerr-McGee's Annual Report on Form 10-K and other SEC filings. Actual results and developments may differ materially from those expressed or implied in this statement. Therefore, the information contained in this statement may not be accurate. Kerr-McGee does not undertake to update, revise or correct any of the forward-looking information. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KERR-MCGEE CORPORATION By: (John M. Rauh) ----------------------------- John M. Rauh Vice President and Controller Dated: November 25, 2003