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Investor Presentaiton

Industry-leading digital approach Accelerating value with a rapidly growing digital portfolio Digital investment principles Capital-efficient ▪ Fast payback Agile development Near-term focus and wins ■>30 successful initiatives Optimizing production ■Improving reliability ■ Reducing costs Advanced analytics ■Maximize recovery and production ■ Data-driven decision making ■ Enhance worker safety and productivity Realized >$400M/yr value Established digital vision 2017 2020 2023 Note: Value represents annual benefit of cost savings and production uplift in $M CAD, before taxes and royalties. Forward looking estimates at $US 60 WTI price case. Kearl 100% basis. >$1B/yr Future potential $750M/yr 2020 Investor Day Defined projects 2026 Imperial | 2022 | 28
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