SCO from Horizon Oil Sands and an 80% non-operated working interest in the Scotford Upgrader (AOSP). 2025 AIF: SCO is a mixture of liquid hydrocarbons derived by either partially or fully upgrading bitumen; SCO from oil sands mining and upgrading accounted for 36% of 2025 annual production on a BOE basis (that calculation includes mining bitumen). Same AIF: Canadian crude, including SCO, is marketed to purchasers in Canada and other international destinations. CBSA statistical note to 2709.00.00.42 defines synthetic crude oil as upgraded bitumen. Not gasoline, diesel or jet.
