Domestic Inventory and Well Costs slide image

Domestic Inventory and Well Costs

OXYCHEM BATTLEGROUND MEMBRANE CONVERSION . · Modernization and expansion of the Battleground plant expected to increase cash flow through improved margins and higher product volumes, while enhancing operational flexibility: Conversion from diaphragm to membrane technology expected to improve margins, while lowering maintenance capital and GHG emissions intensity • Expand chlor-alkali capacity to cover strategic commercial and supply chain initiatives Improve plant logistics to create additional operating flexibility Battleground project expected to generate a strong return while improving OxyChem's market position Construction expected to commence in 2023, with completion expected in early 2026: . Existing operations to continue as normal during construction Membrane Electrolyzer Project Spending 2023 - 2025: Incremental Projected Annual EBITDA: Incremental Plant Capacity: 29 ~$1.1 B (~20% in 2023) $250 $350 MM -80% - OXY
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