Presenters: Allan Chim Caty Liu

Exploration and Production

Production volumes down from 202.4 (Mboe/d) in 2011 to 193.8 (Mboe/d) in 2012 Higher realized average sale prices ($84.15 in 2012Q3 compared to $78.86 in 2011Q3) Projects Eastern Canada (Terra Nova, White Rose, Hibernia) International (Libya, Buzzard, Syria*) North American Onshore (SW of Alberta, NE of BC)

Production volumes down from 2011Q3 to 2012Q3

• Production volumes down from 2011Q3 to 2012Q3
• Due to maintenance in a East Coast Canada operation (zero production from Terra Nova)

Refining and Marketing

Refined product sales (gasoline from pumps) recorded 87.5 (m3/d) in 2012Q3 up slightly from 86.7 (m3/d) in 2011Q3 Higher demand for gasoline in Western North America but lower demand in Eastern North America Customers Retail Consumers Wholesale Consumers

Higher demand and high utilization rates in Western North America

• Higher demand and high utilization rates in Western North America

Corporate, Energy Trading and Eliminations

Small part of operations but it was a $(28M) loss in 2012Q3 compared to a $84M gain in 2011Q3 Segments Renewable Energy Energy Trading Corporate Activities Group Eliminations

Growth Opportunities

Growth Opportunities

Executive Profile

Executive Profile

BSc in engineering from Colorado State University

• BSc in engineering from Colorado State University
• Law degree from the University of Houston Law School 
• Graduate of the Harvard Business School Program for Management Development
• Was Suncor CEO from 1991 to 2011
• Numerous awards for Top CEO and inducted into Canadian Petroleum Hall of Fame

Richard George (Former CEO)