Investor Presentaiton

PR Return of Capital Program Overview PR Shareholder Returns Framework Base Dividend $0.05 per share quarterly with commitment to sustainable Base Dividend growth Variable Return of Capital Expected to begin Q1'231 Variable Return of at least 50% of free cash flow after Base Dividend through combination of variable dividends and opportunistic share repurchases Illustrative Return Mechanics PR Quarterly FCF Base Dividend Excess Free Cash Flow × Payout Ratio (50%) Total Variable Return Variable Return allocated between Variable Dividends & Share Repurchases 2023 Shareholder Returns Outlook 2023E Free Cash Flow of ~$1.1bn at current strip pricing $0.20 per share annual base dividend to shareholders (~$110mm notionally) ~$490mm additional return to shareholders via variable dividend or share repurchases Implies anticipated base + variable return of ~$600mm in 2023 at current strip pricing (1) Variable return program to begin in Q1'23, payable in Q2'23 FY 2023 Shareholder Returns Sensitivity ~$1.1bn Base Dividend Variable Return Excess FCF $90 WTI Strip $80 WTI $70 WTI $60 WTI 6

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