Download - Imperial Oil
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Capex vs operating cash flow<br />
Cash flow largely providing funds for growth projects<br />
million $<br />
5000<br />
4000<br />
Capex<br />
• Cumulative cash flow well<br />
above capital requirements<br />
3000<br />
Actual cash flow<br />
• Some debt required in the<br />
short-term<br />
2000<br />
1000<br />
0<br />
2006 2007 2008 2009 2010 2011 2012