Q2 2023 Performance Overview

Financial Flexibility to Execute Growth Strategy High-return organic growth and potential M&A to complement existing portfolio ■ Build and maintain world-class resource base ◉ Specialized, next-gen technology and/or materials ☐ ■ Customer partnerships to accelerate growth, improve sustainability, and develop technologies ■ Bolt-on assets (buy vs build) ☐ Committed to disciplined investment Ability to accelerate high-return growth Target >2x WACC at mid-cycle pricing; minimum >1x WACC at trough pricing Ability to maintain Investment Grade credit rating and support dividend ■ Accretive to shareholders 18

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