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Investor Presentaiton

Size by Gross Permian Production (Mboed) Leader in Lower Permian Emissions Intensity 60 60 Strategically Focused on Greenhouse Gas Emissions Reduction Low Emission Intensity with Leading Basin Production 800 60 60 Low Emission Intensity with More Producing Wells 60 40 40 30 60 Emissions are combined for all M&A transactions announced and closed as of 02/02/2021 1Producing wells reported to the EPA, excluding "Out of Production" or "Divested" OXY 20 20 10 10 OXY Peer 1 Peer 2 Peer 3 Peer 4 Note: Includes emissions from Permian production and gathering & boosting, excludes plant emissions Source: Gross Production sourced from Enverus, accessed 02/02/2021, Well Counts and Emissions sourced from EPA Flight tool, last updated 09/26/2020 Operators include APA, COP, CVX, DVN, EOG, FANG, MRO, OXY, PXD, RDS, XOM Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 0 100 200 300 400 Gross Permian Production (Mboed) 500 600 700 Permian Greenhouse Gas Intensity (mt CO2e per MBOE) 10 10 20 20 30 30 40 40 50 4,000 8,000 Permian Producing Well Count¹ 12,000 16,000 Permian Greenhouse Gas Intensity (mt CO2e per Mboe) 32
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