OXYCHEM Market Analysis and Guidance

FINANCIALS SECOND QUARTER 2023 PERFORMANCE $1.0 B Free Cash Flow Generation OIL & GAS 1,218 Mboed; Full Year Guidance Increased 15 Mboed OXYCHEM Pre-Tax Income of $436 MM $425 MM Shares Repurchased $522 MM Preferred Equity Redemption Triggered INVESTMENT GRADE Fitch Rating Upgrade NOTE: FREE CASH FLOW EXCLUDES WORKING CAPITAL; SEE THE RECONCILIATIONS TO COMPARABLE GAAP FINANCIAL MEASURES ON OUR WEBSITE 12 OXY

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