OXYCHEM Market Analysis and Guidance

DELAWARE BASIN WELL PRODUCTIVITY Superior-quality inventory combined with subsurface expertise drives continuous improvement and value 1 Year Cumulative Improvement 2015 to 2022: +205% TOP-TIER WELL PERFORMANCE CONTINUES TO IMPROVE Cumulative Mboe 450 400 350 300 250 200 150 100 8 2018 to 2022: +25% 50 2021 to 2022: +12% 0 2022 to 2023: +11% 0 30 60 90 120 150 180 210 240 270 300 330 360 Days -2015 2016 2017 2018 -2019-2020 -2021 2022 -2023 OXY NOTE: DATA INCLUDES ALL UNCONVENTIONAL DELAWARE BASIN HORIZONTAL WELLS ONLINE IN EACH YEAR

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