OXYCHEM Market Analysis and Guidance

DIFFERENTIATED PORTFOLIO Oxy's premier diversified assets and distinguished operational capabilities create a runway for sustainable shareholder value accretion OIL & GAS . Diversified portfolio with deep, improving inventory • Operational excellence with top-tier capital intensity • OXYCHEM Sector earnings leader with resilient free cash flow Strong margin improvement from expansion projects MIDSTREAM Field to global market flow assurance Leading Permian CO2 infrastructure and processing LOW CARBON VENTURES Practical decarbonization solutions at scale Sustainability in lower carbon world FAR BIL 4 OXY Artist Rendering of Stratos

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