Exhibit 10.25
 NEWFIELD EXPLORATION COMPANY
2011 ANNUAL INCENTIVE COMPENSATION PLAN
 2011 Plan Company Board
 Recitals :
 WHEREAS 1993 Plan
 WHEREAS 2003 Plan
 WHEREAS First Amended 2003 Plan
 WHEREAS Second Amended 2003 Plan
 WHEREAS
 WHEREAS
 NOW, THEREFORE
 I.  Purpose
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II.  Definitions
  a)
    
    Award means an amount granted to an Eligible Employee pursuant to Article V that is
payable on or before March 1 following the Performance Period.b)
    
    Board means the Board of Directors of the Company.c)
    
    Change of Control means the occurrence of any of the following:
 i.
    
    the Company is not the surviving Person in any merger, consolidation or other
reorganization (or survives only as a subsidiary of another Person);ii.
    
    the consummation of a merger or consolidation of the Company with another
Person pursuant to which less than 50% of the outstanding voting securities of the
surviving or resulting corporation are issued in respect of the capital stock of the
Company;iii.
    
    the Company sells, leases or exchanges all or substantially all of its assets
to any other Person;iv.
    
    the Company is to be dissolved and liquidated;v.
    
    any Person, including a group as contemplated by Section13(d)(3) of the
Securities Exchange Act of 1934, acquires or gains ownership or control (including the
power to vote) of more than 50% of the outstanding shares of the Companys voting
stock (based upon voting power); orvi.
    
    as a result of or in connection with a contested election of directors, the
Persons who were directors of the Company before such election cease to constitute a
majority of the Board.
  f)
    
    Code means the Internal Revenue Code of 1986, as amended.g)
    
    Committee means the Compensation & Management Development Committee of the Board.h)
    
    Company means Newfield Exploration Company and its successors.i)
    
    Effective Date means January 1, 2011.j)
    
    Eligible Employee means, with respect to a particular Performance Period, each
employee of the Company or a Subsidiary who was (i) employed by the Company or a
Subsidiary on both October 1 and December 31 of such Performance Period and (ii)
recommended by the Chief Executive Officer of the Company to receive an Award.k)
    
    Exchange Act means the Securities Exchange Act of 1934, as amended.l)
    
    Incentive Pool means the aggregate amount to be awarded with respect to a
particular Performance Period as determined pursuant to Article IV.m)
    
    Performance Period means any calendar year beginning on or after January 1, 2011.n)
    
    Person means any individual, partnership, corporation, limited liability company,
trust, incorporated or unincorporated organization or association or other legal entity of
any kind.o)
    
     Section 409A means Section 409A of the Code and any applicable regulations or
rulings thereunder.p)
    
    Subsidiary means any entity that is consolidated with the Company for financial
accounting purposes in accordance with generally accepted accounting principles.
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III.  Administration of Plan
  IV.  Determination of Incentive Pool
  V.  Grant of Awards
  VI.  Duration, Amendment and Termination
 a)
    
    The Board shall have the right to amend this 2011 Plan from time to time, to
terminate it entirely or to direct the discontinuance of Awards either temporarily or
permanently. The Board may make any amendment to any outstanding Award that it believes is
necessary or helpful to comply with any applicable law including, without limitation,
Section 409A. However, no amendment, discontinuance or termination of this 2011 Plan shall
operate to annul an outstanding Award unless otherwise provided by the terms of this 2011
Plan. The term of this 2011 Plan shall be from its Effective Date until terminated by the
Board.b)
    
    In furtherance, and not in limitation, of paragraph (a) above, at any time determined
by the Board, this 2011 Plan may be restructured by the Board to, among any other
alterations or changes determined by the Board in its sole discretion, (i) alter the
eligibility requirements for awards under such plan or (ii) provide for a Performance
Period that is shorter or longer.c)
    
    Notwithstanding any provision of this 2011 Plan to the contrary, on the date of a
Change of Control, (i) all Plan bonus obligations accrued to such date on the books of the
Company that are not the subject of previous Awards shall be paid in cash to such
employees of the Company and its
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Subsidiaries, and in such amounts with respect to each such employee, as the Committee
shall determine in its sole discretion based upon recommendations from the Chief Executive
Officer of the Company and (ii) upon payment of all such Plan obligations, this 2011 Plan
shall terminate.
 VII.  Miscellaneous
 a)
    
    Neither this 2011 Plan nor any grant of Awards under this 2011 Plan shall confer on
any employee the right to continued employment by the Company or any Subsidiary, or affect
in any way the right of the Company or such Subsidiary to terminate the employment of such
employee at any time. Any question as to whether and when there has been a termination of
an employees employment and the cause of such termination shall be determined by the
Committee, and its determination shall be final.b)
    
    Except to the extent set forth herein as to the rights of the estates or
beneficiaries of employees to receive payments, Awards under this 2011 Plan are
non-assignable and non-transferable and are not subject to anticipation, adjustment,
alienation, encumbrance, garnishment, attachment or levy of any kind.c)
    
    Neither the establishment of this 2011 Plan nor the granting of Awards shall be
deemed to create a trust. This 2011 Plan and all unpaid awards shall constitute an
unfunded, unsecured liability of the Company to make payments in accordance with the
provisions of this 2011 Plan, and no Person shall have any security or other interest in
any assets of the Company or otherwise.d)
    
    The existence of this 2011 Plan and the Awards granted hereunder shall not affect in
any way the right or power of the Board or the stockholders of the Company to authorize or
consummate any merger or consolidation of the Company, the dissolution or liquidation of
the Company or any sale, lease, exchange or other disposition of all or any part of its
assets or business or any other corporate act or proceeding.e)
    
    Neither the officers nor the directors of the Company nor the members of the
Committee shall under any circumstances have any liability with respect to this 2011 Plan
or its administration except for gross and intentional malfeasance. The officers and
directors of the Company and the members of the Committee may rely upon opinions of
counsel as to all matters, including the creation, operation and interpretation of this
2011 Plan.f)
    
    No portion of this 2011 Plan shall be effective at any time when such portion
violates an applicable state or federal law, regulation or governmental order or directive
that is subject to sanctions, whether direct or indirect.
 VIII.
Compliance with Section 409A
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