Investor Presentaiton

SUSTAINABLY GROWING SHAREHOLDER VALUE Positioned to capitalize on opportunities across broad range of market conditions and energy transition scenarios STRATEGIC PRIORITIES Leading earnings and cash flow growth Maintaining a strong balance sheet Highest earnings among international oil companies in 20211 Upgrading portfolio through competitively-advantaged investments and mix improvements Driving operating and capital efficiency to improve resiliency through the cycles Potential to double earnings and cash flow by 2027 versus 2019 Strong investment-grade rating Fast approaching low end of targeted debt-to-capital range (20-25%) Expecting >$2 billion of further debt reduction in 2022 Growing shareholder distributions Paid $15 billion in dividends to shareholders in 2021 39 consecutive years of annual dividend growth Recently initiated a $10 billion share-repurchase program See Supplemental Information for footnotes and definitions. 45

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