J.P.Morgan ESG Presentation Deck

F We identify eight interrelated elements for Oil & Gas companies to consider implementing in their methane and flaring management plans 1 2 3 4 LO 5 6 7 Methane 8 ELEMENT Target setting Monitoring Reduction plans Flaring Measurement and Reporting Culture Third-party engagement Mergers and Acquisitions (M&A) JPMORGAN CHASE & CO. BEST-IN-CLASS ACTION Publicly set a 2025 methane emission intensity target at or below 0.20% Conduct quarterly methane monitoring for all operated assets Develop and disclose plans and timelines for emission reduction, including priority assets Commit to eliminating routine flaring by 2025 with credible plans to significantly reduce all (routine and non-routine) flaring by 2030 or sooner Demonstrate a commitment to methane measurement and reporting by participating in the Oil & Gas Methane Partnership 2.0 or equivalent standard Regularly drive methane management as a priority from senior management to operators and contractors in the field Consider undertaking independent, third-party audits to validate measurements and support continuous improvement Improve operational emission footprint of acquired assets and pursue responsible disposition of assets POSITIVE ACTION Set a methane-specific emissions reduction target Conduct routine methane monitoring for largest operated assets Develop and disclose methane abatement initiatives Develop plans to reduce routine flaring by 2025 Report methane emissions separately from CO2 emissions Educate and engage workforce on importance of methane emission management as good operational practice Learn from no-cost, best management practices disseminated by leading industry groups Include consideration of operational emission consequences as one factor during M&A activity 14

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