Who We Are Founded in 1971, ADNOC is an integrated energy company wholly owned by the Government of the Emirate of Abu Dhabi. Our fully integrated business operates across the energy value chain, helping us to responsibly meet the demands of an ever-changing energy market. Our mission is to produce the industry’s lowest carbon intensive barrels while working to accelerate the decarbonization of our entire value chain and deliver on our climate ambitions. We support the UAE’s climate and sustainability goals, including its Net Zero by 2050 Strategic Initiative and ambitious global methane target. Our environment, social and governance performance enables us to contribute to the prosperity of the nation and the preservation of its precious natural environment. At the same time, we recognize the key role we play in the UAE’s economic and social development. We view our contributions to the UAE as multifaceted and complementary. First and foremost, our business is to provide the energy the UAE needs for further economic development, and to generate revenue for the national government. Our Low Carbon Solutions & International Growth directorate, together with our shareholding in Masdar, the Abu Dhabi Future Energy Company, drives our investments in renewables and the new energies of the future. The directorate is also investing in the UAE’s hydrogen value chain, expanding our carbon capture and storage capacity, as well as our growing our international portfolio in gas, liquefied natural gas (LNG) and chemicals. ADNOC’s upstream business covers conventional and unconventional oil and natural gas exploration, development, and production. Today, we have the capacity to produce approximately 4.5 million barrels of oil per day and around 11.5 billion standard cubic feet of gas per day. The UAE’s emphasis on the responsible development of its hydrocarbon resources has underpinned ADNOC’s disciplined approach to the management of Abu Dhabi’s oil and gas reservoirs. This places ADNOC in the top tier of lowest carbon intensity oil and gas producers in the world 1. ADNOC manages its reservoirs using best-in-class engineering practices, to sustain production through the maintenance of natural reservoir pressure, control of associated water production, and therefore reducing energy intensity throughout the field development cycle. This strategy, adopted in the 1970s, along with other initiatives, has reduced the carbon intensity over the lifecycle of ADNOC’s reservoirs, and is likely to result in amongst the highest ultimate recovery rates seen in the industry. Our downstream business maximizes the value from our oil and gas resources at our integrated refining and petrochemicals complex in Al Ruwais Industrial City, producing a full range of high value products. 05 Who We Are “We are accelerating our path towards net zero by 2045 through the integration of robust sustainability practices across our operations. Our performance is a result of the talented people who work for ADNOC, their commitment, ingenuity and drive to progress the impact areas where we can make the biggest difference. We look forward to sharing our continued progress as we advance our net zero journey together.” Ibrahim Al Zu’bi Chief Sustainability Officer We operate a shipping and maritime logistics arm, which is a crucial link in our supply chain, delivering oil, gas, and petroleum products to customers throughout the world. We are the UAE’s leading retail fuel service provider, with a network of over 500 retail fuel service stations, and market and distribute fuels to commercial and government customers throughout the nation. Our expansion into trading allows for greater flexibility, enabling us to be more responsive to customer demand and to capture greater value from every barrel that we produce, refine, and sell. 1. Independently assured by DNV ADIPEC 2022, UAE 43 42 Advancing Towards Net Zero