Investor Presentaiton

Combined Focus on ESG Excellence PR MINIMIZING OUR IMPACT Minimizing surface disturbance through comprehensive planning and reducing water usage through recycling are principal components of our business ܟ REDUCING EMISSIONS Continued focus on further reduction in GHG emissions intensity through the elimination of routine flaring, improved facility designs, robust LDAR program and collaboration with our midstream providers SHAREHOLDER ALIGNMENT Our performance-focused compensation philosophy, coupled with one of the largest management ownership interests in the industry, drives differentiated shareholder alignment GHG Emissions (Intensity) 1,2 22.5 (44%) Reduction 12.7 PERMIAN RESOURCES Methane Emissions (Intensity) 1,2 3.8 (37%) Reduction 2.4 BENEFITING COMMUNITIES We are dedicated to making positive impacts in the communities where we live and work, partnering with the town of Pecos, Midland schools, Permian Strategic Partnership and numerous other non-profits in TX, NM and CO DIVERSITY AND INCLUSION We are committed to a diverse workforce because we believe employees with different backgrounds, experiences and skillsets drive a culture of innovation which allows us to achieve superior results SAFE WORKPLACE Maintaining the safety and well-being of employees, contractors and communities is of key importance. We work to maintain safe operating environments and implement policies and procedures that support our commitment to protecting our employees and partners Natural Gas Flaring (% of total)1 7.1% (76%) Reduction 1.7% 2020 2021 2020 2021 2020 2021 (1) All figures shown on a combined basis for Legacy Centennial and Legacy Colgate (2) Intensity measures represent metric tons of CO2e / MBoe 11

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