Decarbonizing Our Operations We are committed to reducing our carbon intensity by 25% by 2030 and achieving net zero by 2045 through actions including energy efficiency, the deployment of carbon capture, removal and storage technology and the electrification of our operations. CO2 Growing Our Lower-Carbon Solutions We are growing new market opportunities and investing in new energy solutions and lower-carbon technologies, including renewables, hydrogen, and low-carbon ammonia to support our customers toward their net zero emissions ambitions. As a responsible energy provider, we are accelerating our plans to make today’s energy cleaner while investing in the new energies of tomorrow. We have brought forward our net zero ambition by five years, placing us in a leading position amongst our peers. Together with partners across the value chain, we are advancing practical, sustainable and innovative solutions to accelerate the energy transition. Our strategy is anchored on four pillars to support our transition plans and meet our ambition to achieve net zero operational emissions by 2045. These pillars are supported by an initial $15 billion investment in landmark low carbon solutions including electrification, carbon capture and hydrogen in addition to investments through Masdar to grow renewables. Our continued success depends on having a talented and diverse workforce to drive and sustain our long-term business performance and leadership in the energy transition. We will deliver an agile operating model by securing the critical skills and creating a pipeline of talent that will ensure our differentiated position in a changing energy landscape. We are also investing in equipping the future workforce with the essential skills in science, technology, engineering and mathematics, which we will deliver through our partnerships with government authorities as well as national and international academia and research centers. Our Energy Transition Framework 01 Our Energy Transition Framework Leveraging Technology and Partnerships We are leveraging our track record of global cross-industry and cross-border partnerships, operational capabilities and technology applications to develop and commercialize the technical solutions required for an inclusive energy transition. Promoting Biodiversity and Nature- Based Solutions We are working with local and global partners to create a sustainable future for biodiversity and apply nature-based solutions to minimize the adverse impacts of climate change. Pillar 1 Pillar 2 Pillar 4 Pillar 3 11 10 Advancing Towards Net Zero