Imperial Oil (IMO) said late Monday it expects capital and exploration expenditures of 2 billion Canadian dollars ($1.45 billion) to CA$2.2 billion in 2026, focused on projects boosting long-term profitability.
Upstream production is projected at 441,000 to 460,000 gross oil equivalent barrels per day, driven by growth at Kearl and Cold Lake, the company said.
The company also forecasts downstream throughput of 395,000 to 405,000 barrels per day, with a utilization rate of 91% to 93%.
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