Investor Presentaiton

Cumulative Production (MBOE) 300 250 200 150 100 50 50 Permian COOP well performance 2022 POPS Midland Basin Cumulative production vs. forecast 2022 actual 2022 forecast 0 0 2 4 6 Months 300 Midland Basin above forecast Delaware Basin below forecast 2023 DB program changes more primary bench developments in New Mexico COOP Company-operated POP Put on production DB Delaware Basin DUC Drilled but uncompleted wells See Appendix for reconciliation of non-GAAP measures and slide notes providing definitions, source information, calculations and other information. © 2023 Chevron Chevron Cumulative Production (MBOE) Delaware Basin Cumulative production vs. forecast 2023+ expected New Mexico program 250 2022 New Mexico wells unaffected by long-sitting DUCs 2022 forecast 200 150 100 50 50 0 2 2022 actual Impacted primarily by long-sitting DUCS (horizontal and vertical depletion, dated well designs) Months 4 CO 6 17

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