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© 2023 Chevron Appendix: reconciliation of non-GAAP measures Free cash flow $MM FY 2022 Net cash provided by operating activities 49,602 Net decrease (Increase) in operating working capital 2,125 Cash Flow from Operations Excluding Working Capital 47,477 Net cash provided by operating activities Less: capital expenditures Free Cash Flow Price normalization* Mid-cycle downstream & chemicals margins Less: change in operating working capital Normalized Free Cash Flow Excluding Working Capital * Normalized to $60 Brent, $4.50 Henry Hub, $13.50 international LNG. Chevron 49,602 11,974 37,628 (19,941) (5,500) (2,125) 10,062 39

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