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Investor Presentaiton

Advantaged financial profile Resilient business model with upside leverage 10-year cash flow from operating activities Downstream, Chemical & Upstream Corporate 2021 debt-to-capital ratio¹ 50% 25% Integrated, balanced business model ▷ Growing production, long-life low decline assets ▷ Advantaged downstream, leading fuels marketer Integrated chemical business > ExxonMobil relationship / scale / expertise ■ Low corporate breakeven > Low cost volume growth ▷ Structural cost reductions Built for the full cycle > Strong balance sheet, industry leading leverage > Unhedged production, flexible refining ▷ Reliable shareholder returns 0% IMO CNQ SU CVE 1 See supplemental information for definition Imperial | 2022 | 61
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