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Rich Kruger

Rich Kruger's remarks

The year was characterized by strong downstream financial and operating performance, delivering on upstream production commitments, and demonstrating the resiliency of Imperial’s integrated business model.

Strathcona refinery

2018 highlights

Imperial’s business model:
• Long-life, competitively advantaged assets
• Disciplined investment, cost management
• Value chain integration and synergies
• High-impact technologies and innovation
• Operational excellence, responsible growth

Financial & operating results

Financial & operating

• Full-year earnings of $2,314 million; $3,922 million cash generated from operations
• Record annual gross production at Kearl of 206,000 barrels per day
• Returned more than $2.5 billion to shareholders through share purchases and dividends