RAPIDLY PROGRESSING GUYANA DEVELOPMENTS slide image

RAPIDLY PROGRESSING GUYANA DEVELOPMENTS

RAPIDLY PROGRESSING GUYANA DEVELOPMENTS Industry's largest oil-play discovered in the last decade RESOURCE >10 BOEB 6 DISCOVERIES IN 2021, 2 YTD IN 2022 HIGHLY RESILIENT >10% RETURN AT <$35/BBL1 GHG INTENSITY ~30% LOWER THAN UPSTREAM AVERAGE BY 20272 See Supplemental Information for footnotes and definitions. OFFSHORE, GUYANA PRODUCTION >850 KBD BY 2027; LIZA PHASE 2 START-UP 2022, PAYARA START-UP 2024 CASH FLOW >$7.5 BILLION OF OPERATING CASH FLOW IN 20273 GUYANA LOCAL SPEND >$600 MILLION SINCE 2015 WITH ~1,000 LOCAL SUPPLIERS 30
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