Goldman Sachs GS SUSTAIN: ESG of the Future Exhibit 30: Scope 1+2 emissions intensities for Oil Refiners are forecast to decline at a 2% annual rate through 2025 vs. a 2019 base Oil Refiners 2019-2025E emissions intensities (calculated dividing Scope 1+2 emissions by energy sold), Scope 1+2 emissions and Energy sold from production and refining. Indexed to 2019 base. 140% 0% CAGR 2019-2025E 120% 100% 80% 60% 40% 20% 0% Emissions Intensity Mn Ton CO2-eq, Scope 1+2 GJ Energy sold As not all analysts model through 2025, 2024E and 2025E reflect the weighted average yoy change for companies where the covering analysts have submitted data. The same applies for 2019 and 2020 weighted average estimates. The Oil Re“ners sector is as de“ned based on GS SUSTAIN sector classi“cation. Source: Company data, FactSet, Thomson Reuters, Bloomberg, Goldman Sachs Global Investment Research