Investor Presentaiton
Macro view
Global supply challenges and demand recovery support continued commodity price strength
■ Global oil supply
> Underinvestment during past cycle
> OPEC+ struggling to meet targets
> Public company growth constrained by capital allocation and energy transition priorities
> Geopolitics play larger role as spare capacity shrinks
■ Global oil demand
▷ Major demand shock during early days of pandemic
> Demand resilience evident as new variants arose
▷ Continued recovery likely, especially for jet fuel
Global oil inventories
> Global oil and product inventories well below 5-year average
Imperial well-positioned to take advantage of market conditions
▷ Maximizing value from existing assets, progressing select GHG-advantaged growth
Imperial |2022 | 6View entire presentation