OXYCHEM Market Analysis and Guidance

Al Hosn Gas - Project Execution and Operational Excellence • World-class, state-of-the-art sour-gas project . . Plant capacity increased twice between 2016 and 2018 with minimal capital investment • 2021: Expansion project commenced; Saipem awarded EPC, long lead items procured . . 2022: Full plant 1Q shutdown to substantially complete plant expansion tie-ins, record production levels achieved in 2H22 • 2023: Al Hosn Gas expansion from 1.28 Bcfd to 1.45 Bcfd (Oxy net ~94 Mboed) Al Hosn Gas Plant 22 27 OXY

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