Investor Presentaiton

Growth and value extraction from long life & low cost & low carbon intensity portfolio WI production (operating & sanctioned projects) kboepd Actual 122 Initial guidance +40 >115 maturing 2025+ potential Tupi PoD update (Brazil) ✓ Sépia II & Atapu II (Brazil) ✓ Bacalhau upside (Brazil) ✓ Mozambique + exploration upside <20 $/bbl Cash breakeven Operating projects 2023-25 c.3 $/boe Production costs 2023-25 <10 kgCO₂e/boe Carbon intensity YE23-25 2023 2024E until Bacalhau Bacalhau plateau in 2026 12 Investor Presentation 2.3 bn boe 2P + 2C galp6

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