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Investor Presentaiton

Key Takeaways From Our Presentation #1 #2 #3 #4 FIXED + VARIABLE DIVIDEND INCREASES 27% Total dividend of $1.27 per share announced with Q1 results BUYBACK PROGRAM EXPANDED TO $2.0 BILLION Repurchased 3% of outstanding shares since program inception. BALANCE SHEET CONTINUES TO STRENGTHEN Cash balance increases by > $350 million in first quarter DELAWARE BASIN DRIVES Q1 PERFORMANCE High-margin production growth increases 27% year over year #5 ON TRACK TO ACHIEVE 2022 CAPITAL OBJECTIVES No change to disciplined capital allocation framework LEADING THE INDUSTRY WITH DISCIPLINE & CASH RETURNS Q1 2022 Earnings Presentation 2

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