Investor Presentaiton
Downstream profitability
Resilient business model, focused on increasing profitability
Cash operating costs1 and refinery throughput
$B
3
kbd
400
Resilient, reliable performance across the cycle
2
1
300
200
0
2019
2020
2021
Cash opex
-Throughput
Annual net income
$B
1
0
2019
2020
2H21
1H21
2021
1 Non-GAAP financial measure - see supplemental information for definition and reconciliation
Fully integrated, flexible business model
■ Further structural cost reductions achieved in 2021
Focusing on profitable volume and margin growth
to capture upside
> Strategic investments in efficient logistics
> Volume growth in high-value markets
> Refinery flexibility, margin and efficiency enhancements
> Developing a compelling lower-carbon product offering
Imperial | 2022 | 56View entire presentation