Investor Presentaiton

HIGH-RETURN INVESTMENTS IN BRAZIL: BACALHAU Expanding portfolio of low cost-of-supply deepwater developments 220 KBD CAPACITY WITH START-UP IN 2024 ~1 BOEB FOR PHASE 1 >65% LOWER GHG INTENSITY THAN UPSTREAM AVERAGE IN 20271 ~$1 BILLION OF OPERATING CASH FLOW IN 20272 >10% RETURN AT <$35/BBL³ >15% RATE OF RETURN4 See Supplemental Information for footnotes and definitions. 74 14

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