National Fuel Declares Quarterly Dividend

WILLIAMSVILLE, N.Y.–(BUSINESS WIRE)–Today, the Board of Directors of National Fuel Gas Company (“National
Fuel” or the “Company”) (NYSE:NFG) approved a regular quarterly dividend
of 41.5 cents per share on the Company's common stock. The dividend is
payable Jan. 12, 2018, to shareholders of record at the close of
business on Dec. 29, 2017.

The Company has approximately 85.6 million shares of common stock
outstanding. It has no preferred stock outstanding.

National Fuel is a diversified energy company headquartered in Western
New York that operates an integrated collection of natural gas and oil
assets across five business segments: Exploration & Production, Pipeline
& Storage, Gathering, Utility, and Energy Marketing.

Additional information about National Fuel is available at www.nationalfuelgas.com.

Contacts

National Fuel Gas Company
Analysts:
Brian M.
Welsch, 716-857-7875
or
Media:
Karen L. Merkel,
716-857-7654