Investor Presentaiton
2020 Upstream performance
Demonstrating resilience through unprecedented external challenges
Reduced spend
$B
6
KC
YEARS
1880-2020
3
0
2019
■P&M expenses
■Capital
Consistent production
koebd
400
200
0
2019
Savings
2020 OL
■Lowest-ever workplace hurts
Safely assured business continuity
Rapid response to weak demand and low
realizations
> Expenses reduced by ~$700 million vs. 2019, down ~15%
▷ Capital reduced by ~$700 million vs. 2019, down ~50%
> Structural cost reductions, adjusted turnarounds
> Consistent production despite external events
Enabling production through technology
▷ Remote operations centre
> Autonomous haul
> Remote technical support
2020 OL
Production Imperial share, before royalties. P&M expenses = Production and Manufacturing expenses
Imperial | 2020 25View entire presentation