Domestic Inventory and Well Costs

Average 6-month cum oil, Mbbl 30 60 60 90 96 120 150 0 OXY Peer 1 Peer 2 Peer 3 Peer 4 OIL & GAS UPDATE LEADING DELAWARE BASIN WELL PERFORMANCE AVERAGE 6-MONTH CUMULATIVE OIL BY OPERATOR¹ AVERAGE 12-MONTH CUMULATIVE OIL BY OPERATOR² Oxy is 32% above the 6-month basin average Oxy is 25% above the 12-month basin average 180 250 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 Basin Average 200 Average 12-month cum oil, Mbbl 50 100 150 1SOURCE: IHS ENERDEQ AS OF 07/20/2022, HORIZONTALS >500FT ONLINE SINCE JANUARY 2020 WITH 6-MONTH OIL PRODUCTION AVAILABLE. MINIMUM 50 WELLS. PEERS INCLUDE BTA, CDEV, COP, CPE, CTRA, CVX, DVN, EOG, FANG, MEWBOURNE, TAP ROCK, XOM 2SOURCE: IHS ENERDEQ AS OF 07/20/2022, HORIZONTALS >500FT ONLINE SINCE JANUARY 2020 WITH 12-MONTH OIL PRODUCTION AVAILABLE. MINIMUM 50 WELLS. PEERS INCLUDE BTA, COP, CPE, CTRA, CVX, DVN, EOG, FANG, MEWBOURNE, TAP ROCK, XOM OXY OXY Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Basin Average 24 14

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