Fueling the Future

Volume and Margin History Consistency • Driving cars & trucks Heating buildings and homes Term contracts Rental income and C-Store sales Variability . Market and economic conditions • Weather • Seasonality 21 24 ■C-Store & Sundry ■Rent Total ―Total CPG 40 $350.0 ($ in millions) $300.0 $267.9 $276.0 40 33 -Retail CPG* (Cents per gallon) 35.7 34.3 35 29.3 30 26.8 $250.0 $225.1 $233.9 23.4 23.1 $205.9 $200.0 25 20 21.7 20.6 $150.0 GN 18.4 18.3 18.2 18.6 14.6 14.3 14.1 14.5 14.4 15 12.8 12.3 12.5 12.6 11.5 9.5 $100.0 10 6.1 6.6 4.5 $50.0 5 0 $0.0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 GLOBAL *Retail excludes C-store margin and rent

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