Investor Presentaiton
Reflections on the past year
Strong results and substantial progress on strategic priorities
Strong commodity prices, recovering demands
> Well-positioned to benefit from recovery coming out of pandemic
Outstanding operational performance
▷ Highest Upstream production on record
▷ Strong Downstream utilization and product sales, highest Chemical earnings in over 30 years
Outstanding financial performance
> ~$5.5B cash flow from operations, ~$4.5B free cash flow¹
> Cost efficiencies in excess of $1B vs. 2019
All-time high shareholder returns
> $3B returned via dividend and buybacks
Advancing low carbon solutions
> Founding member of Oil Sands Pathways to Net Zero alliance
▷ Announced new GHGi reduction goal, intent to progress renewable diesel project at Strathcona refinery
13
FRI
6
SAT
14
Successfully managed health and safety of workforce during ongoing pandemic conditions
▷ Robust COVID protocols enabled uninterrupted operations and product supply
▷ Continued strong personnel and process safety performance
1 Non-GAAP financial measure - see supplemental information for definition and reconciliation
6
Imperial |2022 | 4View entire presentation