Integrated Report 2023

IV. Revised Financial Forecasts for the fiscal year ending March 31, 2024 E&P Business Sales Forecasts (vs Aug. 9 Forecasts) Previous (f) Aug. 9, 2023 Revised (f) Nov. 10, 2023 Net sales: Million Yen Unit Sales volume Net sales Sales volume Net sales Sales volume E&P Business 93,514 94,172 Breakdown Change JAPEX Net sales +658 +1% Crude oil 1,591 91,549 1,331 93,411 (259) (16%) +1,862 +2% Crude oil-Japan 206 13,255 219 16,479 +12 +6% [1] +3,224 +24% Thousand KL *1 Crude oil-overseas 1,367 77,110 1,092 75,445 [2] (274) (20%) (1,665) (2%) Purchased crude oil 17 1,183 19 1,487 +1 +11% +303 +26% Natural Gas - Overseas*2 Million M3 86 1,965 60 761 [3] (26) (31%) (1,204) (61%) Main factors for change [1] Increase in sales price [2] Absence of sales volume due to delay in the start of production at the Seagull project in U.K. North Sea / Decrease in Cargo Received for Iraqi Garraf Project [3] Absence of sales volume due to delay in the start of production at the Seagull project in U.K. North Sea *1 Includes the amounts of Japex Garraf Ltd. and Japex (U.S.) Corp. *2 Include the amounts of Japex (U.S.) Corp. Copyright 2023 Japan Petroleum Exploration Co., Ltd. (JAPEX) All Rights Reserved. 18

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