Investor Presentaiton

Transitioned into 2021 with Improved Financial Position 2020 Success Supports 2021 Financial Position $2.4 B $7.0 B $ ระบ $ Debt reduced in 2020 Near-term debt extended W Dn $1.8 B¹ Reduced overhead budget continues into 2021 OXY 【$ $== $2.9 B 2021 Capital budget prioritizes FCF 12021 overhead is defined as SG&A and other operating and non-operating expenses 2. Net of expected taxes, post Colombia which includes ~$350 MM of divested non-core acreage ☑ through 2025+ 22% 2021 Base declined lowered 2 $2-3 B² Remaining divestitures LO 5

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