Investor Presentaiton

15 K YEARS 1880-2020 Long-life, low-decline asset base Stable production base; focused on selective growth Production koebd 400 ■~6.3 billion boe of proved and probable reserves > Over 25-year proved reserves life 300 200 100 2023 2025 Syncrude 0 2015 2017 2019 2021 Kearl Cold Lake Unconventional and conventional Production Imperial share, before royalties 2P reserves Imperial share, before royalties, YE 2019 NI51-101 ■ ~415 koebd production in 2021 > Incremental growth at Kearl and Syncrude > Sustain Cold Lake volumes ■ 12% growth 2020-25 Reliability and productivity enhancements > Debottlenecking Imperial 2020 26

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