Investor Presentaiton

Record cash returned to shareholders in 2021 Robust free cash flow outlook Annual cash distributions $B 6 4 2 >100% Increase 0 2016-20 Avg 2021 Dividend ■Buyback Free cash flow profile 1,2 $B 6 4 2 0 $50 $60 $70 $80 $US WTI ◆ Prior outlook 1 Non-GAAP financial measure - see supplemental information for definition and reconciliation 22022-2026 period average, WCS differential varies with WTI price case ($US 10/$US 50, $US 12/$US 60, $US 15/$US 70 and $US 80 respectively), $US 0.80 exchange rate, Downstream and Chemical margins normalized over time Imperial | 2022 | 66

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