ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT • 19 SAFETY COMMUNITY PEOPLE GOVERNANCE ENVIRONMENT 2 The LCFS verification program, under CARB oversight, provides confidence and reliability in reported data. Verification services are performed by qualified and trained third-party verifiers. Low-Carbon Fuels and Projects We continue to lead our industry through innovation and unmatched execution. We have invested more than $4.65 billion in our low-carbon fuels businesses and expect to invest approximately $500 million to complete the construction of another renewable diesel plant adjacent to our refinery in Port Arthur, Texas . More than 70% of our 2021 growth capital was allocated to low-carbon projects . Our low- carbon projects compete with refining projects for growth capital and have met or exceeded our after-tax internal rate of return (IRR) threshold . Our low-carbon fuels help governments around the world meet their GHG emissions reduction targets as established in low-carbon fuel policies and stricter fuel efficiency standards, while also providing excellent financial returns to our stockholders. California’s Low Carbon Fuel Standard (LCFS) is one of the programs designed to accomplish GHG emissions reductions by decreasing the carbon intensity (CI) of transportation fuels . Under this program, each fuel is assigned a CI value, which represents the life cycle GHG emissions associated with feedstock sourcing, including feedstock type, origin and transportation, fuel production and distribution, and the use of the fuel. CIs are determined using a California Air Resources Board (CARB)- developed GHG emissions model, and fuel pathway CIs are certified 2 by CARB after producers submit operational data to demonstrate the life cycle GHG emissions. RENEWABLE DIESEL ETHANOL SUSTAINABLE AVIATION FUEL LOW-CARBON HYDROGEN RENEWABLE PROPANE RENEWABLE NAPHTHA RENEWABLE ARCTIC DIESEL FIBER CELLULOSIC ETHANOL See page 111 for notes regarding this page and for non-GAAP disclosures. CARBON CAPTURE AND STORAGE