Overview

• Imperial will consolidate functions to operating sites to streamline collaboration, operational focus and execution.
• Management says corporate guidance remains unchanged as it seeks higher production and lower unit operating costs.
• The reductions are scheduled to be completed by the end of 2027, with savings expected to reach the run rate by 2028.
• Specific head-count impacts and timelines by location have not been detailed, including potential effects on the Calgary head office.
• Major assets such as Kearl and Cold Lake are described as on track to meet or beat medium-term production and cost targets.