Employee Information Bulletin #14 - March 2, 2026*

To: All Whiting Employees

The intent of this Employee Information Bulletin (EIB) is to share an update on contract negotiations.

After more than 8 weeks of bargaining in good faith in an effort to reach a fair and equitable agreement, and after careful consideration, the Company presented the Union with a Last, Best and Final offer (LBFO) today at 9 AM. This means that the Company has now provided the Union with our most comprehensive and most competitive offer. In short, after nearly 60 formal meetings and hundreds of hours of exchanges over a two-month period, the Company has now put its BEST offer on the table.

The offer addresses key topics discussed during negotiations including base wage rate increases, length (term) of the agreement, new training and pay progressions, non-core craft line discontinuations, an extended industrial peace clause, and other key topics. We firmly believe that the offer is fair and balances the needs of employees with the long-term competitiveness of the business.

Some of the critical details of the offer are outlined below. We want you to be fully aware of what the Company has offered, why it is important to the Company, and why we feel this offer benefits our employees.

Key details of our proposal are as follows:

TERM: Contract term of six years – February 1, 2026 – January 31, 2032. 

INDUSTRIAL PEACE: Inclusion of a 150-day notice period before the Union could strike or the Company could lockout employees. 

ECONOMICS:

• A one-time, non-benefits bearing lump sum of $7,500 (payable within 30 days following ratification) for all employees in the USW 7-1 refinery bargaining unit if the contract is ratified within 10 calendar days (by 11:59 PM on March 12).
• A one-time, non-benefits bearing lump sum of an additional $5,000 (payable within 30 days following ratification) to all employees in the USW 7-1 refinery bargaining unit who are classified as an OSF (Operations Specialist Field) for a total lump sum of $12,500.
• A one-time, non-benefits bearing lump sum of an additional $7,500 (payable within 30 days following ratification) to all employees in the USW 7-1 refinery bargaining unit who are classified as an OSC (Operations Specialist Cross-Qualified) for a total lump sum of $15,000.
   

Base wage rate increases consistent with the National Oil Bargaining Program (NOBP) of:

• 2026 – 4.0% increase effective February 1, 2026 
• 2027 – 3.5% increase effective February 1, 2027 
• 2028 – 3.5% increase effective February 1, 2028 
• 2029 – 4.0% increase effective February 1, 2029 
• 2030 – effective February 1, 2030, wages will be increased equivalent to the percentage that is bargained and agreed to at the NOBP. 
• 2031 – effective February 1, 2031, wages will be increased equivalent to the percentage that is bargained and agreed to at the NOBP.

Annual Cash Bonus: Discretionary Annual Cash Bonus for all hourly personnel who meet the defined gate criteria eligibility requirements.

It’s important to note, the average wage increase proposed over the next four years of the contract is over $7.00 per hour or the equivalent of a 13% increase.

QUALIFICATIONS/COMPETENCY BASED JOB & PAY PROGRESSION:

• Adopting a best-in-class Operations and Lab pay progression model based on defined competencies and qualifications. 
• Adopting a best-in-class Maintenance competency model with progression through defined learning curricula.

OTHER KEY PROPOSED CHANGES:

• Discontinuation of non-core craft lines such as HVAC, Builders, Equipment Handlers, LDAR and Fresh Air. For affected employees, the Company has offered a generous one-time lump sum payment.
• Eligibility for up to 5 paid shifts of sick leave per year. 
• Increased overtime meal payments by 33%.
• Increased boot allowance by 25%.
• Flexibility to continue to adopt emerging Artificial Intelligence (AI) Technologies. 
• More equitable distribution of overtime drafts via a round-robin system.
• Addition of a 4x10 work schedule for Maintenance Technicians.

The next step is for the Union to review the offer and decide how to proceed, including whether to recommend it to members for a vote.  We respect the Union’s role in that process; however, the offer expires in 10 calendar days (11:59 PM on March 12).

The Company’s last, best and final offer was provided directly to all Whiting Refinery employees.

As a reminder, the 24-hour rolling contract extension is still in effect.

We will continue to share updates with the entire workforce as more information becomes available.

*Due to confidentiality concerns, there may be slight variations between this EIB and the corresponding one sent to employees.