Investor Presentaiton

BAYTOWN BLUE HYDROGEN Provides emission-reduction opportunities and forms initial contribution to Houston CCS Hub SCOPE • New blue hydrogen plant • World-scale CCS project DRIVERS Natural gas Fuel switching customers ExxonMobil Baytown integrated site • Reduce ExxonMobil Baytown site emissions by up to 30% • Build merchant hydrogen business and CO2 transport & storage business World-scale blue hydrogen plant H₂ Other Houston • Accessible low-cost natural gas area facilities • Close proximity to quality underground storage • Leverages existing refinery and chemical integration, proprietary technology, subsurface, and major project execution capabilities CO2 World-scale CCS project (~ 10 Mta) CO₂ Other Houston area facilities CCS capacity for Houston-area industrial emissions 66

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