Imperial Oil sees FY26 capital, exploration expenditures C$2B-C$2.2B

Sees FY26 upstream production 441,000-460,000 gross oil equivalent barrels per day. Sees FY26 downstream throughput 395,000-405,000 barrels per day with a 91%-93% utilization rate. “Our 2026 plan builds on Imperial’s strong foundation and positions the company to structurally increase cash flow, by progressing towards volume and unit cash cost2 targets at Kearl and Cold Lake,” said John Whelan, chairman, president and chief executive officer. “In the Downstream, we remain focused on delivering industry-leading operational performance, while enhancing logistics and processing flexibility to further improve margins and long-term resilience.”