Investor Presentaiton

Initiating Dividend Program with Q3 2022 Base Dividend Inaugural Base Dividend Declared inaugural $0.05 per share quarterly dividend in Q3 2022 ($0.20 per share annually) • Dividend will be paid on November 29th, to shareholders of record as of November 21st Represents 1.8% annualized base dividend yield¹ Base dividend supported below $40 per barrel WTI over a multi-year period Committed to sustainable base dividend growth over time Base Dividend Yield (%) 1 3.1% 2.8% 2.0% 1.8% 1.8% 1.7% 1.7% 1.7% 1.5% 1.2% 1.0% (1) Base Dividend Yield based on Bloomberg market data as of 11/7/2022 and Q3 2022 dividend declarations CHRD CIVI CTRA FANG PR PDCE PXD S&P 500 MGY SM 0.5% DVN MTDR CPE LPI ESTE 5 PR

View entire presentation