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Investor Presentaiton

Appendix 4. Price Assumptions for FY3/24 Forecasts JAPEX Upper: from January 2022 to March 2023 Lower: from January 2023 to March 2024 Full year Jan.-Mar. Market Price Apr.-Jun. Jul.-Sep. Oct.-Dec. Jan.-Mar. FY3/23 (a) 101.55 115.31 105.93 89.98 102.26 Crude oil price (CIF) *1 USD/bbl FY3/24 (f) 75.00 75.00 75.00 75.00 75.00 FY3/23 (a) 94.41 108.65 91.76 82.85 94.42 WTI USD/bbl FY3/24 (f) 75.00 75.00 75.00 75.00 75.00 FY3/23 (a) Brent USD/bbl FY3/24 (f) 75.00 75.00 75.00 75.00 75.00 FY3/23 (a) 101,863 143,821 142,404 117,059 126,287 JLC price JPY/Ton FY3/24 (f) 82,800 75,700 75,400 75,400 77,300 FY3/23 (a) Exchange rate JPY/USD FY3/24 (f) 15.0 15.0 15.0 15.0 15.0 * Domestic sales price average of crude oil referring to crude oil (CIF) price and its conversion exchange rate Copyright © 2023 Japan Petroleum Exploration Co., Ltd. (JAPEX) All Rights Reserved. 29 29
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