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Investor Presentaiton

BUILDING A WINNING BUSINESS IN THE PERMIAN Maximizing value of advantaged acreage position through technology and integration ExxonMobil acreage DELAWARE BASIN MIDLAND BASIN Central Delivery Point 10 MILES • Development plan leverages unique set of competitive advantages: Largest contiguous development in Permian, > 65,000 acres at Poker Lake Multi-well pad corridor approach - Subsurface understanding - Drilling and completion capability Demonstrated success in large-scale project execution Higher-value cube development Step-out technology enhancements Competitive advantages are key to achieving double-digit returns at <$35/bbl - Improving capital efficiency Lowering operating cost Increasing resource recovery 26
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