ADNOC’s role in the energy transition ADNOC embraces the energy transition and our important role in providing the low-carbon energy the world needs today, while building the low-carbon energy system of tomorrow. We recognize that global energy systems must be transformed by reducing our emissions while providing the secure and reliable energy the world needs to drive progress. We are leading the industry through our ambition to achieve net zero emissions in our own operations by 2045, while continuing to provide a secure supply of affordable and lower-carbon-intensity energy to meet global energy demand. In the meantime, ADNOC has set a goal of reducing our carbon intensity and targeting near-zero methane emissions by 2030. To support our ambitions and targets, we have allocated $23 billion (AED84.4 billion) to accelerate investments to scale up practical and commercially viable initiatives in renewables and low-carbon solutions. In partnership with technology providers and industry peers who are equally committed to a just transition, we are exploring and investing in the transformative climate technologies of the future that will be critical to achieving net zero. These include innovative carbon capture and storage technologies, geothermal, hydrogen, renewables and sustainable fuels that hold the potential to significantly reduce our operational emissions and help our customers make progress on their own decarbonization pathways. Growing a diversified energy portfolio We are responsibly growing our diversified energy portfolio and provide secure, reliable and responsible energy to support the delivery of a just global energy transition. We have the capacity to produce ~4.65 million barrels of oil per day (bpd) and 11.5 billion standard cubic feet of gas per day (scfd). By virtue of our geology and our investments in technology and efficient reservoir and operations management, we maintain one of the lowest carbon intensities for oil and gas production globally. Our 2023 upstream emissions performance confirms our position as one of the least carbon-intensive producers in the world. We are a shareholder in Masdar, which has ~20GW of clean power capacity and targets at least 100GW of renewable energy capacity by 2030. Along with Masdar, we are aiming to capture 5% of the global low-carbon hydrogen market by 2030. We are investing in producing low-carbon- intensity LNG, which will play a key role in the energy transition as a lower-carbon base fuel for electricity generation. We are growing our international portfolio focused on natural gas, chemicals and lower-carbon solutions, building on ADNOC’s track record of successful partnerships across the energy value chain, our extensive network of international customers and a diverse global business portfolio. The UAE Consensus, achieved at COP28, is a historic agreement that reaffirms the UAE’s position as a global leader in the international climate and development agenda. It represents a pivotal moment for the energy industry. As a responsible energy provider, we are committed to accelerating the decarbonization of our oil and gas operations, while growing our portfolio of low-carbon ammonia, as well as investing in low-carbon hydrogen and renewables through our shareholding in Masdar. Our emissions performance and targets 2045 Our 2023 performance 2030 $23bn investment towards decarbonization and low-carbon solutions Zero Methane from our operational oil and gas assets Net Zero Ambition in scope 1 and 2 emissions ~7kg CO2e/boe upstream GHG intensity amongst lowest in the industry 10m tonnes of carbon capture capacity 6.2m tCO2e reduction of scope 1 and 2 emissions, including approximately 4.8 million tonnes from using clean grid energy from solar and nuclear power 24m tCO2e upstream GHG emissions 25% GHG intensity reduction in scope 1and 2 emissions relative to 2019 baseline 2025