Investor Presentaiton

Appendix: slide notes This presentation is meant to be read in conjunction with the 2023 Chevron Investor Day Transcript posted on chevron.com under the headings "Investors,” “Events & Presentations." Slide 6 - Safely deliver higher returns, lower carbon • Please see slide 21 regarding 2028 carbon intensity targets. . • For additional detail, see our 2021 Climate Change Resilience Report, available at https://www.chevron.com/-/media/chevron/sustainability/documents/climate-change-resilience-report.pdf For additional detail, see our 2022 Methane Report, available at https://www.chevron.com/-/media/shared- media/documents/chevron-methane-report.pdf Slide 9 - Delivering value in the Permian • MBOED - Thousand barrels of oil equivalent per day • All results based on $60/BBL Brent and $4.50/MMBtu Henry Hub. This is for illustrative purposes only and not necessarily indicative of Chevron's price forecast. To simplify reporting, 2023 to 2027 Permian production outlook shown in the light blue area includes both conventional and unconventional production - conventional Permian production is expected to be less than 10 MBOED annually. Slide 7 Capital discipline • • Capital expenditures (Capex) - The 2023-2027 capital expenditure guidance is consistent with the organic capital budget announced in December 2022. It includes additions to fixed asset or investment accounts for the company's consolidated subsidiaries and is disclosed in the Consolidated Statement of Cash Flows. Affiliate capital expenditures (Affiliate capex) - The 2023-2027 affiliate capex guidance is consistent with the organic capital budget announced in December 2022. It does not require cash outlays by the company. • FCF - Free cash flow; excludes working capital impacts • ROCE - Return on capital employed Slide 10 - Focused on delivering FGP/WPMP • FGP Future Growth Project • WPMP - Wellhead Pressure Management Program MBD-Thousand barrels per day • Slide 8 – Profitably growing our upstream business . - BOE-Barrel of oil equivalent Slide 12 - Connecting our natural gas resources to demand . Resources - Net unrisked resource as defined in the 2022 Supplement to the Annual Report • EPB - Earnings per barrel • - TCF Trillion cubic feet - Upstream earnings per barrel excludes special items. See Appendix: reconciliation of non-GAAP . - LNG Liquified natural gas measures. 2023-2027 is based on flat nominal $60/BBL Brent. This is for illustrative purposes only and not necessarily indicative of Chevron's price forecast. • MMBOED - Million barrels of oil equivalent per day . CAGR - Compound annual growth rate © 2023 Chevron Slide 13 - Competitive chemical and downstream projects • MMTPA-Million tonnes per annum • - USGC United States Gulf Coast . LTO Light tight oil • RD Renewable diesel Chevron 42

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