Investor Presentaiton

DOUBLING UPSTREAM EARNINGS THROUGH 2027 Driven by reduced costs, high-return investments, and divestment program PRODUCTION Koebd, net 4000 2000 EARNINGS POTENTIAL¹ Billion USD, $60/bbl real Brent 20 10 Key growth areas 0 0 2019 2022 2027 2019 2022 2027 See Supplemental Information for footnotes and reconciliations. • Upstream earnings more than double through 2027 >50% of volumes from key growth areas Improving capital efficiency of industry- leading investments Aggressively reducing structural costs Assessing additional divestment opportunities Maintaining optionality for future competitively advantaged investments 33

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