Investor Presentaiton
2021 Upstream performance
Demonstrated strong operational performance and sustained improvements
2021
vs. 2019
Production (koebd)
428
+8%
Cash cost¹ ($B)
4.7
+5%
Unit cost¹ ($/boe)
Unit cost¹ ex. energy ($/boe)
30
-3%
24
24
-10%
Successfully managed COVID to avoid disruption
Maintained priority on safe operations
■ Preserved capital discipline and cost focus
■ Raised production - highest in over 30 years
■ Sustained unit cost improvements
Progressed GHG projects
GHG intensity2 (t CO₂e/m3)
.35
-12%
> Mahkeses LASER, Kearl boiler flue gas
On track with 10% intensity reduction target by 2023
Production Imperial share, before royalties.
Energy cost includes predominantly natural gas, diesel and power. Unit cost ex. energy excludes all 2019 and 2021 energy costs.
1 Non-GAAP financial measure and ratio - see supplemental information for definition and reconciliation
2 Preliminary estimate Greenhouse gas intensity for oil sands operated assets (TIER basis, metric tonnes CO2 equivalent per cubic meter of production)
Imperial | 2022 | 24View entire presentation