Investor Presentaiton

Reducing operated oil sands GHG intensity Actions drive measurable near-term improvement ■ Greater than 20% reduction in GHGi since 2013 Target to reduce operated oil sands GHGi by a further 10% by end of 2023, relative to 2016 levels > Improved productivity at Kearl oil sands mine > Heat recovery from boiler flue gas > Liquid Addition to Steam for Enhanced Recovery (LASER) Developing longer-term pathways to a net-zero future GHGi 20% 10% since 2013 by 2023 Progress in action K YEARS 1880-2020 DOD A Improve energy efficiency Deploy next- Improve reliability generation technologies Imperial | 2020 17

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