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Investor Presentaiton

IMPROVING PORTFOLIO VALUE Evolving product mix from conventional fuels to higher-value, lower-emission products REPRESENTATIVE PRODUCT MIX BASED ON USGC AND SINGAPORE REFINING ASSET PLANS¹ TODAY MID TERM ~2030 FUTURE POTENTIAL Biofuels Lubricants Chemicals/ chemical feed Mid-term plans improve competitiveness with higher mix of biofuels, lubricants, and chemicals - Biofuels contribute $700 million of annual earnings by 20272 Future configuration to be implemented as customer demand evolves Increase biofuels production with new and existing assets Shift to chemical feed with integration, repurposing, and lower gasoline production Future potential would result in 50% reduction in Scope 1 and 2 emissions³ Distillate Gasoline Fuel oil See Supplemental Information for footnotes and definitions. 40 40
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