Domestic Inventory and Well Costs

OXY TO UTILIZE CLEAN ENERGY GENERATED BY NET POWER'S FIRST UTILITY SCALE PLANT Oxy expected to be the primary offtaker of clean energy generated by NET Power using a transformational technology that inherently captures nearly all emissions. ~860K TONNES/YEAR CO₂ FOR SALINE OR EOR SEQUESTRATION PLANT TO GENERATE ~300 MW OF CLEAN 24/7 DISPATCHABLE POWER FEED STARTING EARLY 2023 COMPLETION EXPECTED LATE 2026 TO BE LOCATED NEAR OXY PERMIAN OPERATIONS EXPECTED TO SIGNIFICANTLY DECARBONIZE PERMIAN OIL & GAS OPERATIONS ☑ NETPOWER NET POWER DEMONSTRATION FACILITY LA PORTE, TX

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