Investor Presentaiton

Technology is key to the future Enables production growth and emissions reductions Short Term Renewables and GHGi Ongoing Cogeneration Renewable fuels Satellite methane monitoring Advanced fuels and lubricants • LASER Underway • Heat recovery from boiler flue SA-SAGD gas Medium Term BED Long Term Next-generation upstream technologies Developing • • • Advanced in situ technologies ⚫ELP •NCG ⚫EBRT •CSP Carbon capture and sequestration • Next-generation technologies paired with CCS could result in incremental production at net- zero emissions Expanded use of renewable fuels and new product offerings Energy diversification Evaluating . • • . Blue hydrogen Advanced biofuels Carbon fibre from bitumen Carbonate fuel cell technology Small modular nuclear reactors (SMR) Direct air capture Potential solutions in support of a net-zero future KC YEARS 1880-2020 Imperial | 2020 19

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