Sustainably Growing Shareholder Value

POISED FOR SIGNIFICANT GROWTH IN SHAREHOLDER DISTRIBUTIONS Cumulative cash generation potential of ~$100 billion in excess of Capex and dividends. CUMULATIVE ESTIMATED SOURCES & USES OF CASH (2022-2027)1,2 Billion USD 300 Real Brent price ($/bbl) $60 • Structural cost reductions, upgrading portfolio, and capital efficiency and discipline drive free cash flow growth Debt-to-capital ratio at 21%; expect further debt reduction of more than $2 billion in 2022 200 100 $50 Free cash flow Cash available for debt reduction and increased shareholder distributions 0 CFO/asset sales PP&E /I&A Existing dividend Available cash See Supplemental Information for footnotes and definitions. • Initiated $10 billion share-repurchase program 52

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