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Investor Presentaiton

Syncrude strategy Reliability focused, supported by collaboration Production kbd 90 60 60 COVID KC Strong partner engagement and collaboration. Capturing reliability investment benefits ▷ 2019 second-best year in asset's history ■ 15% combined capex and expense reduction in 2020 vs. 2019 YEARS 1880-2020 30 30 0 2015-18 2019 2020 OL 2021-25 Production Imperial share, before royalties High-value synthetic crude production ▷ Integration with Strathcona refinery Targeting <$US 30/bbl unit P&M expense Imperial | 2020 40

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