Investor Presentaiton

Long-life, low-decline asset base High-quality stable production base; focused on GHG-advantaged growth Production koebd 500 400 300 200 100 0 2017 2019 2021 Kearl Cold Lake Production Imperial share, before royalties 2P reserves Imperial share, before royalties, YE 2021 NI51-101 Syncrude Other 2023 2025 ■ ~4.3 billion boe of proved and probable reserves Multi-decade production profile ▷ Low sustaining capital ■ 425-440 koebd production outlook for 2022 ■ 20% low cost volumes growth 2017-2026 Priority on GHG-advantaged investments Imperial | 2022 | 25

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