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OXY LOW CARBON 1POINTFIVE VENTURES Carbon Engineering Producing a Lower Carbon Barrel of Oil First look at the world's largest Direct Air Capture plant Oxy Low Carbon Ventures and the management team from Rusheen Capital formed development company 1PointFive 1PointFive licensed technology from Carbon Engineering to develop the DAC facilities Announced first project to build the world's largest DAC facility • • • • ● Expects to capture up to 1,000,000 metric tons of atmospheric CO2 annually Front-End Engineering Design to begin 1Q21 Construction expected to begin in 2022 Supply low-cost CO2 to Permian EOR and expand margins Captured CO2 to be permanently, safely, and securely stored in Oxy's geological formations under CARB CCS Protocol and US EPA greenhouse gas reporting program subpart RR OXY *Rendering of DAC facility 41

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