J.P.Morgan ESG Presentation Deck

F Methane Reducing methane emissions and flaring in the Oil & Gas sector is an immediate action that can produce positive outcomes for companies and stakeholders GOOD FOR ENERGY SECURITY • Bringing more natural gas to the global market enhances energy security • Around 260 billion cubic meters of methane is currently lost to the atmosphere each year from Oil & Gas operations¹ • Approximately three-quarters of this gas could be retained and brought to market using proven technologies and practices² ● This captured methane, which is currently wasted, would amount to more than the European Union's total annual gas imports from Russia prior to the invasion of Ukraine in 2022³ GOOD FOR BUSINESSES Capturing methane emissions is often a cost-effective decision for a company's bottom line • The IEA has found that approximately 40% of methane emissions from Oil & Gas operations could be avoided at no net cost based on average natural gas prices from 2017-20214 • This is due to the economic value companies can realize from selling the captured gas, which is mainly composed of methane GOOD FOR THE CLIMATE • Methane has a global warming potential that is around 83 times greater than carbon dioxide in a 20-year timeframe5 . By curbing methane emissions and routine flaring today, the Oil & Gas industry can make immediate contributions toward achieving global climate targets and, in certain cases, their own corporate-level emissions reduction targets For additional information and footnotes, please see slide 15 JPMORGAN CHASE & CO. Background on Methane Sources of global greenhouse gas emission (Scope 1 and 2) from Oil & Gas operations, 20197 O Other 45% Flaring 9% Methane 46% • The energy sector is responsible for around 40% of global methane emissions attributable to human activity (second only to agriculture)³. Methane abatement in the Oil & Gas sector is one of the most cost-effective emission reduction options⁹ . There are three main sources of methane emissions from that result from the Oil & Gas sector: venting, flaring, and unintentional leaks (aka fugitive emissions). Together these methane emissions sources account for around 55% of operational emissions (Scope 1 and 2) from the Oil & Gas sector¹0 12

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