Investor Presentaiton

DELIVERING SIGNIFICANT PORTFOLIO IMPROVEMENTS Driven by reducing costs, high-return investments, and divestment program UNIT EARNINGS POTENTIAL¹ 200% 100% 0% 2019 Data indexed to 2019. See Supplemental Information for footnotes and definitions. UNIT CASH OPEX EXCLUDING ENERGY AND PRODUCTION TAXES² ~130% improvement 100% 50% ~30% improvement 0% 2022 2027 2019 2022 2027 32 2

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