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Investor Presentaiton

2021 Capital Plan $2.9 B Capital Program by Asset Capital Program by Type Facilities 23% $0.1 Midstream & Marketing $0.2 D,C&E 56% $0.3 Exploration & Corporate Oil & Gas $0.3 Base Maintenance 10% OxyChem $0.4 GoM Exploration 6% OBO & Other 5% International $0.4 Rockies & Other Capital Program Highlights • 4Q20 production sustained with budget of $2.9 B Permian $1.2 . Maintain capital allocation flexibility • Value-based development • Best-in-class capital intensity • Includes $250 MM to support future year projects 2021 Budget > Exploration, Al Hosn expansion, etc. OXY Note: Capital program based on a $40 WTI price environment. Capital spending excludes discontinued operations (Ghana) 13
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