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Rich Kruger

Rich Kruger's remarks

Throughout the year, Imperial improved performance and strengthened its competitive position, focusing on increasing cash flow while delivering industry-leading shareholder returns over the business cycle.


2017 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 $490 million; $1,056 million excluding upstream non-cash impairment charges
• Progressing work to increase Kearl annual average gross production to 240,000 barrels per day
• Returned more than $1.1 billion to shareholders through share purchases and dividends