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Investor Presentaiton

Fourth Quarter 2020 Results Reported Adjusted EPS ($0.78) 4Q20 Reported versus Guidance Midpoint Reconciliation Mboed Reported diluted EPS ($1.41) Permian Resources: improved new well performance, better uptime and ethane recovery rates, and high OBO volumes +12 4Q20 CFFO before working capital $1.4 B Rockies: improved ethane recovery rates and high OBO and royalty volumes +6 4Q20 Capital expenditures¹1 $0.6 B Unrestricted cash balance as of 12/31/2020 $2.0 B International: unplanned downtime and PSC impacts (5) Continuing operations production (Mboed)² 1,170 Colombia: not included in guidance due to sale +27 Permian Resources production (Mboed) 382 +40 Excludes discontinued operations (Ghana) OXY 2Includes Colombia, excludes discontinued operations (Ghana) Note: See the reconciliations to comparable GAAP financial measures on our website 11
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