Investor Presentaiton

Galveston Bay STAR Program Creates a world-class refining complex with 40 MBPD increased crude unit capacity Increases resid processing and improves gasoil recovery Optimizes operations and reduces costs Project details and estimates: ― - Staged investment - on schedule and on budget Planned completion early 2022 ~ Capex $1.5 B ($1.2 B for 2019-2022) ~ EBITDA $525 MM³ ($175 MM already captured) IRR > 40% EBITDA is projected average annual M MARATHON 26 26

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