Imperial Oil 2026 guidance: CapEx $2.0-2.2B, upstream 441-460k boe/d

IMPERIAL OIL LTD

Capital and exploration expenditures forecasted at $2.0-2.2B, focusing on Kearl, Cold Lake, and Syncrude.
Upstream production 441,000-460,000 boe/d; Kearl targeting 285-295k bbl/d, Cold Lake 152-160k bbl/d.
Downstream throughput 395-405k bbl/d at 91-93% utilization; turnarounds planned at Strathcona and Sarnia.
Turnaround costs: Kearl $61M, Syncrude $105M, Strathcona $122M, Sarnia $107M (annualized).
CEO cites strategy to increase cash flow and deliver industry-leading shareholder returns.

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