Domestic Inventory and Well Costs

FINANCIALS FOURTH QUARTER GUIDANCE 12 112 OIL & GAS 4Q22 Production Total Company: 1,200 - 1,260 Mboed Oil/Gas %: ~54.0/~24.0 Permian: 556 - 590 Mboed Rockies & Other: 266 - 276 Mboed GOM: 144-152 Mboed International: 234 - 242 Mboed Domestic Operating Costs - 4Q22 Oil & Gas Production: ~$8.30 / boe Transportation: ~$3.70 / boe OXYCHEM 4Q22 pre-tax income: ~$425 MM MIDSTREAM & MARKETING1 4Q22 Pre-tax income: $(40) - $60 MM Midland - MEH spread of $0.30 - $0.40/bbl CORPORATE - 4Q22 FY Domestic tax rate: 22% FY International tax rate: 45% Overhead expense: ~$575 MM² Interest expense: ~$250 MM³ EXPLORATION EXPENSE4 4Q22: ~$115 MM DD&A - 4Q22 Oil & Gas: ~$14.25/boe OxyChem and Midstream: ~$175 MM ¹GUIDANCE INCLUDES OXY'S PORTION OF WES INCOME BASED ON LAST FOUR PUBLICLY AVAILABLE QUARTERS; QUARTERLY GUIDANCE AVERAGES THE QUARTERS; ANNUAL GUIDANCE IS THE SUM OF THE QUARTERS 2OVERHEAD EXPENSE IS DEFINED AS SG&A AND OTHER OPERATING AND NON-OPERATING EXPENSES 3INTEREST EXPENSE EXCLUDES INTEREST INCOME AND ASSUMES CURRENT DEBT MATURITY SCHEDULE 4EXPLORATION EXPENSE INCLUDES EXPLORATION OVERHEAD OXY

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