National Fuel Increases Dividend Rate for 47th Consecutive Year

WILLIAMSVILLE, N.Y.–(BUSINESS WIRE)–Today, members of the National Fuel Gas Company (“National Fuel” or the
“Company”) (NYSE:NFG) Board of Directors approved a 2.5 percent increase
in the dividend on the Company’s common stock, raising the quarterly
rate from 40.5 cents per share as approved in June 2016 to 41.5 cents
per share for an annual rate of $1.66 per share.

National Fuel has paid dividends for 115 consecutive years and has
increased its annual dividend for 47 straight years.

This dividend is payable July 14, 2017, to shareholders of record at the
close of business on June 30, 2017. The Company has approximately 85.4
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
Analyst:
Brian M.
Welsch, 716-857-7875
or
Media:
Karen L. Merkel,
716-857-7654