Domestic Inventory and Well Costs

A HISTORIC AND MOMENTOUS CARBON CAPTURE PROJECT UP TO 30 DAC MEGA HUB DEVELOPMENT SECURED EST. 1853 Wis KING RANCH Finalized agreement with King Ranch to secure acreage that enables potential 30 MTPA DAC mega-hub • 106,000 acres / 166 sq. miles ⚫ ~3 billion tonnes available sequestration volume . Up to 30 DACs Pre-FEED for second DAC commencing 4Q22 • Class VI permit filed in Permian for DAC 1 dedicated sequestration well; construction started on DAC 1 ADDITIONAL DAC HUB UPDATES 6 Kleberg County, Texas OXY • Additional 65,000 acres / 102 square miles secured in southeast Texas with up to 1.3 billion tonnes CO2 storage capacity • Total non-O&G acreage position, including King Ranch, supports 50 DACs

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