Domestic Inventory and Well Costs

COMPLEMENTARY BUSINESSES Oil & Gas OxyChem Midstream OXY ZERO IN ON VALUE SHAREHOLDER RETURNS . Sustainable Common Dividend Share Repurchase Program STRENGTHENING FINANCIAL PROFILE Prioritizing Debt Reduction • Investment Grade Ambition Improving Breakeven • Low Carbon Ventures Equity Appreciation Through Balance Sheet Improvement IG 14 PATHWAY TO NET ZERO • · • Direct Air Capture Carbon Sequestration Core Business Enhancement Cash flow generative core businesses drive a favorable shareholder return framework, combined with a bold vision and strategy to thrive in a lower-carbon world CO₂ OXY

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