Income StatementBalance SheetCash FlowSegments
Imperial Oil logo

Imperial Oil Income Statement

Revenue, expenses, and profitability over time

Imperial Oil generated $47.0B in trailing twelve-month revenue, down 0.1% year-over-year. Net income was $2.9B with a 6.21% net margin. Diluted EPS is $5.89, which declined 0.4% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$47.0BNet Income (TTM)$2.9BEps Diluted (TTM)5.9
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$57.4B
P/E Ratio19.66
ROE12.38%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Change in Accounts Receivable$236.0M$12.0M-$168.0M-$444.0M-$787.0M$3.3B
Common Stock Dividends Per Share$0.6$0.7$0.7$0.7$0.7$0.9
Other Comprehensive Income (Loss), Net of Tax$421.0M$17.0M$5.0M$5.0M$173.0M-$25.0M
Dividends per share declared$0.6$0.7$0.7$0.7$0.7$0.9
OCI - Defined benefit plan, net of tax-$115.8M-$50.0M-$50.0M-$50.0M-$50.0M—
Other Comprehensive Income (Loss)-$115.8M-$50.0M-$50.0M-$50.0M-$50.0M—
Change in Accounts Payable and Accrued Liabilities—$114.0M———$2.6B
Change in Income Taxes Payable—-$81.0M———$124.0M
Finance Lease Principal Paid—$4.0M———$5.0M
Net Change in Cash and Restricted Cash—78500000000.0%———-11300000000.0%
OCI Amortization of Prior Service Costs—$5.0M———$3.0M
Payments to Acquire Other Productive Assets—$398.0M———$475.0M
Proceeds and Deposits from Asset Sales—$11.0M———$9.0M
OCI Attributable to Parent$421.0M$17.0M$5.0M$5.0M$173.0M-$25.0M
OCI Defined Benefit Plan Net of Tax-$115.8M-$50.0M-$50.0M-$50.0M-$50.0M—
Dividends per share declared$0.6$0.7$0.7$0.7$0.7$0.9
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Interest Paid, Net$5.0M$7.0M$5.0M$8.0M$8.0M$10.0M
OCI Pension and Postretirement Before Reclassification, Tax-$137.0M-$5.0M-$2.0M-$2.0M-$56.0M$9.0M
Actual rate of return over the last 10 years1.3%1.1%1.1%1.1%1.1%—
Actual rate of return over the last 20 years1.5%1.4%1.4%1.4%1.4%—
Pre-tax stock-based compensation cost$29.0M$53.0M$53.0M$53.0M$53.0M—
Additions (deductions)$24.0M$180.3M$180.3M$180.3M$180.3M—
Asset Retirement Obligation, Liabilities Settled$32.3M$48.8M$48.8M$48.8M$48.8M—
Asset retirement obligations discount rate1.5%1.5%1.5%1.5%1.5%—
Book value of asset sales$5.0M$1.0M$1.0M$43.0M$61.0M$1.0M
Capital and exploration expenditures$423.0M$398.0M$473.0M$505.0M$651.0M$478.0M
Dividends declared (in dollars per share)$0.6$0.7$0.7$0.7$0.7$0.9
Contribution To Registered Pension Plan Assets$38.0M$37.0M$37.0M$37.0M$37.0M$37.0M
Deferred taxes-$34.3M-$32.8M-$32.8M-$32.8M-$32.8M—
Deferred income taxes and other—-$31.0M$0.0-$200.0M—-$346.0M
Expected long-term rate of return on plan assets$0.0$0.0$0.0$0.0$0.0—
Depreciation and depletion (includes impairments)$529.0M$531.0M$478.0M$911.0M$659.0M$520.0M
Effective tax rates$0.1$0.1$0.1$0.1$0.1—
Income taxes at U.S. statutory rate of 21%$0.0$0.0$0.0$0.0$0.0—
State income taxes – net of federal income tax benefit$0.0$0.0$0.0$0.0$0.0—
Cash payment for compensation expense$18.5M$26.8M$26.8M$26.8M$26.8M—
Share-Based Payment Arrangement, Expense, Tax Benefit$7.0M$12.8M$12.8M$12.8M$12.8M—
Finance Lease Cost$11.0M$10.8M$10.8M$10.8M$10.8M—
Finance Lease Obligation Average Imputed Rate1.2%1.5%1.5%1.5%1.5%—
Finance Lease Principal Payments$4.0M$4.0M$4.0M$6.0M$4.0M$5.0M
Cash flows from operating activities, Finance leases$0.0$0.0$0.0$0.0$0.0—
Gain (Loss) on Disposition of Assets$13.0M$10.0M$1.0M-$22.0M—$8.0M
Federal taxes$279.8M$225.3M$225.3M$225.3M$225.3M—
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount$233.8M$159.8M$159.8M$159.8M$159.8M—
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount-$13.3M-$5.3M-$5.3M-$5.3M-$5.3M—
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount$141.8M$94.0M$94.0M$94.0M$94.0M—
Accounts payable and other current liabilities$554.0M$114.0M-$317.0M$2.0M-$145.0M$2.6B
Increase (Decrease) in Accounts Receivable$236.0M$12.0M-$168.0M-$444.0M-$787.0M$3.3B
Increase Decrease In Accrued Income Taxes Payable—-$81.0M$0.0$18.0M-$16.0M$124.0M
Increase (Decrease) in Inventories Materials and Supplies and Prepaid Expenses—$254.0M-$201.0M$266.0M—-$63.0M
Increase (Decrease) in Other Operating Assets and Liabilities, Net$135.0M$18.0M$13.0M-$328.0M-$40.0M-$133.0M
Interest Income Expense Other$0.0$12.0M$0.0-$3.0M$5.0M-$1.0M
Long-term material purchase obligations$0.0$0.0$0.0$0.0$0.0—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$1.9B-$365.0M-$371.0M-$1.8B-$2.1B-$419.0M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$404.0M-$377.0M-$472.0M-$482.0M-$561.0M-$450.0M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.8B$1.5B$1.5B$1.8B$1.9B$756.0M
Net Gain (Loss) On Asset Sales After Tax$11.0M$9.0M$1.0M-$24.0M—$7.0M
Net Movement Related To Loans To Equity Companies-$1.0M-$10.0M-$1.0M-$1.0M-$4.0M-$16.0M
Number of reportable segments—0.750.750.750.75—
Operating Lease And Short-Term Lease, Cost$40.3M$53.3M$53.3M$53.3M$53.3M—
Operating Lease Payments$29.5M$30.3M$30.3M$30.3M$30.3M—
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax-$115.8M-$50.0M-$50.0M-$50.0M-$50.0M—
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax-$4.0M-$1.0M-$2.0M-$2.0M-$1.0M$0.0
Payments for Repurchase of Common Stock$1.5B$54.0M$0.0$1.5B$1.7B$64.0M
Payments of Ordinary Dividends, Common Stock$317.0M$307.0M$367.0M$366.0M$361.0M$350.0M
Payments to Acquire Productive Assets$423.0M$398.0M$471.0M$504.0M$632.0M$475.0M
Dispositions of property, plant, and equipment$18.0M$11.0M$2.0M$21.0M$67.0M$9.0M
Revenues-$22.0M$15.0M-$24.0M$20.0M$30.0M$65.0M
Revenue from contracts outside the scope of ASC Topic 606$2.6B$2.3B$1.6B$2.3B$2.0B$2.6B
Right Of Use Asset Obtained In Exchange For Finance Lease Liability$0.0$4.3M$4.3M$4.3M$4.3M—
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$38.0M$26.8M$26.8M$26.8M$26.8M—
Unrecognized tax benefits, settlements$3.8M$250.0K$250.0K$250.0K$250.0K—
Additions for tax positions of prior years$0.0$750.0K$750.0K$750.0K$750.0K—
Add: dilutive effect of potential common shares (in shares)—$1.2M$1.3M$1.3M—$1.2M
Recognition of Net Gains/Losses on Benefit Obligations, Net of Taxes$408.0M$12.0M$0.0$0.0$169.0M-$28.0M
Recognition of Net Gains/Losses on Benefit Obligations, Tax Provision$133.0M$4.0M$0.0$0.0$55.0M-$9.0M
Cash Dividends, Common Stock$317.0M$307.0M$367.0M$366.0M$361.0M$350.0M
Amortization of Actuarial Gain, Net of Tax$408.0M$12.0M$0.0$0.0$169.0M-$28.0M
OCI Defined Benefit Plan, After Tax-$115.8M-$50.0M-$50.0M-$50.0M-$50.0M—
Other Comprehensive Income (Loss)$1.6B$1.3B$954.0M$544.0M$665.0M$915.0M
OCI Pension Adjustments-$115.8M-$50.0M-$50.0M-$50.0M-$50.0M—
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent$421.0M$17.0M$5.0M$5.0M$173.0M-$25.0M
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
OCI Net of Tax, Parent$421.0M$17.0M$5.0M$5.0M$173.0M-$25.0M
OCI Pension Reclassification Adjustment, Pre-tax-$115.8M-$50.0M-$50.0M-$50.0M-$50.0M—
OCI Pension Unamortized Gain (Loss), Pre-tax-$153.3M-$66.3M-$66.3M-$66.3M-$66.3M—
OCI Attributable to Parent—$17.0M———-$25.0M
Stock Repurchased During Period, Value—$54.0M———$64.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Weighted Average Diluted Shares Adjustment—$1.2M$1.3M$1.3M—$1.2M
Common Stock Dividends Per Share (Declared)$0.6$0.7$0.7$0.7$0.7$0.9
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Basic earnings per share2.42.51.91.111.9
Diluted earnings per share2.42.51.91.111.9
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Common stock dividends per share declared$0.6$0.7$0.7$0.7$0.7$0.9
Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Dividends per share declared$0.6$0.7$0.7$0.7$0.7$0.9
Weighted Average Diluted Shares Adjustment—$1.2M$1.3M$1.3M—$1.2M
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Dividends per share declared$0.6$0.7$0.7$0.7$0.7$0.9
Dividends per share declared$0.6$0.7$0.7$0.7$0.7$0.9
Dividends per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Dividends per share declared—0.7———0.9
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Common stock dividends per share declared$0.6$0.7$0.7$0.7$0.7$0.9
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Common Stock Dividends Per Share Declared$0.6$0.7$0.7$0.7$0.7$0.9
Common stock dividends per share declared$0.6$0.7$0.7$0.7$0.7$0.9
Weighted average number diluted shares outstanding adjustment—$1.2M$1.3M$1.3M—$1.2M
Weighted-average shares, basic—509M509M503.8M—483.6M
Weighted-average shares, diluted—510.2M510.3M505.1M—484.8M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate Statutory Reconciliation$0.0$0.0$0.0$0.0$0.0—
Unrecognized Tax Benefits Current Period Increases$500.0K$1.5M$1.5M$1.5M$1.5M—
Effective Tax Rate (Continuing Operations)$0.1$0.1$0.1$0.1$0.1—
Effective Tax Rate$0.1$0.1$0.1$0.1$0.1—
Current income tax expense (benefit)$396.5M$281.3M$281.3M$281.3M$281.3M—
Effective Tax Rate, Continuing Operations$0.1$0.1$0.1$0.1$0.1—
Income Tax at U.S. Statutory Rate$233.8M$159.8M$159.8M$159.8M$159.8M—
Stock-Based Compensation Tax Benefit$7.0M$12.8M$12.8M$12.8M$12.8M—
State and Local Income Taxes, Net$141.8M$94.0M$94.0M$94.0M$94.0M—
Tax Reconciliation: Other Adjustments-$0.0-$0.0-$0.0-$0.0-$0.0—
Effective Income Tax Rate, Continuing Operations$0.1$0.1$0.1$0.1$0.1—
Income Taxes on Defined Benefit Plans-$137.0M-$5.0M-$2.0M-$2.0M-$56.0M$9.0M
Tax Reconciliation, Federal Statutory Amount$233.8M$159.8M$159.8M$159.8M$159.8M—
Tax Reconciliation, Other Items-$0.0-$0.0-$0.0-$0.0-$0.0—
Tax Reconciliation, State and Local Taxes$0.0$0.0$0.0$0.0$0.0—
Effective Tax Rate$0.1$0.1$0.1$0.1$0.1—
Effective Tax Rate (Continuing Operations)$0.1$0.1$0.1$0.1$0.1—
Share-Based Compensation Tax Benefit$7.0M$12.8M$12.8M$12.8M$12.8M—
Federal Income Tax Expense (Benefit), Continuing Operations$225.5M$156.3M$156.3M$156.3M$156.3M—
State and Local Income Tax Expense (Benefit), Continuing Operations$136.8M$92.3M$92.3M$92.3M$92.3M—
Income tax expense$350.0M$400.0M$295.0M$162.0M$137.0M$292.0M
Effective Tax Rate (Continuing Operations)$0.1$0.1$0.1$0.1$0.1—
Share-Based Compensation Tax Benefit$7.0M$12.8M$12.8M$12.8M$12.8M—
Tax Reconciliation at Federal Statutory Rate$0.0$0.0$0.0$0.0$0.0—
Current Income Tax Expense$396.5M$281.3M$281.3M$281.3M$281.3M—
Tax Reconciliation - Federal Statutory Rate$0.0$0.0$0.0$0.0$0.0—
Effective Tax Rate (Continuing Operations)$0.1$0.1$0.1$0.1$0.1—
Effective Income Tax Rate$0.1$0.1$0.1$0.1$0.1—
Statutory Federal Income Tax Rate$0.0$0.0$0.0$0.0$0.0—
Tax Reconciliation: Other Adjustments-$13.3M-$5.3M-$5.3M-$5.3M-$5.3M—
Effective Tax Rate, Continuing Operations$0.1$0.1$0.1$0.1$0.1—
Effective Tax Rate Continuing Operations$0.1$0.1$0.1$0.1$0.1—
Tax Reconciliation Federal Statutory Rate$0.0$0.0$0.0$0.0$0.0—
Tax Reconciliation Other Adjustments-$0.0-$0.0-$0.0-$0.0-$0.0—
Tax Reconciliation State and Local Taxes$0.0$0.0$0.0$0.0$0.0—

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total stock-based compensation$29.0M$53.0M$53.0M$53.0M$53.0M—
Defined Contribution Plan Cost$11.8M$11.8M$11.8M$11.8M$11.8M—
Operating Lease Cost$27.8M$26.3M$26.3M$26.3M$26.3M—
Short-term Lease Cost$12.5M$27.0M$27.0M$27.0M$27.0M—
Stock-Based Compensation Expense (Pre-tax)$29.0M$53.0M$53.0M$53.0M$53.0M—
Accretion Expense$40.8M$42.8M$42.8M$42.8M$42.8M—
Dry Hole Expense$0.0$2.0M$0.0$1.0M$4.0M$3.0M
Exploration Expense$0.0$2.0M$0.0$1.0M$4.0M$3.0M
Allocated Share-Based Compensation Expense$29.0M$53.0M$53.0M$53.0M$53.0M—
Defined Contribution Plan Cost$11.8M$11.8M$11.8M$11.8M$11.8M—
Finance Lease ROU Asset Amortization$4.0M$4.0M$4.0M$4.0M$4.0M—
Defined Contribution Plan Cost$11.8M$11.8M$11.8M$11.8M$11.8M—
Operating Lease Cost$27.8M$26.3M$26.3M$26.3M$26.3M—
Share-Based Compensation (Operating)$29.0M$53.0M$53.0M$53.0M$53.0M—
Share-Based Compensation Expense Before Income Taxes$29.0M$53.0M$53.0M$53.0M$53.0M—
Operating Lease Cost$27.8M$26.3M$26.3M$26.3M$26.3M—
Stock-based compensation expense$29.0M$53.0M$53.0M$53.0M$53.0M—
Purchase of crude oil and products$7.9B$7.8B$7.2B$7.8B$7.1B$8.2B
Production And Manufacturing Expenses$1.7B$1.7B$1.7B$1.6B$2.3B$1.8B
Other taxes and duties—$592.0M———$348.0M
Research and development$29.5M$33.5M$33.5M$33.5M$33.5M—
Selling, general and administrative$255.0M$259.0M$251.0M$622.0M$254.0M$397.0M
Amortization of Right-of-Use Assets$4.0M$4.0M$4.0M$4.0M$4.0M—
Accretion Expense$40.8M$42.8M$42.8M$42.8M$42.8M—
Total operating expenses$11.0B$10.8B$10.0B$11.3B$10.7B$11.2B
Stock-Based Compensation (Before Tax)$29.0M$53.0M$53.0M$53.0M$53.0M—
Operating Lease Cost$27.8M$26.3M$26.3M$26.3M$26.3M—
Exploration expenses—200000000.0%———300000000.0%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Interest$5.0M$7.0M$5.0M$8.0M$8.0M$10.0M
LIFO Liquidation Income Impact$15.3M$15.3M$15.3M$15.3M$15.3M—
Gain (loss) on disposal of assets—$10.0M———$8.0M
Interest expense$4.0M-$2.0M$2.0M$8.0M$4.0M$11.0M
OCI Defined Benefit Plans-$115.8M-$50.0M-$50.0M-$50.0M-$50.0M—
Non-service pension and postretirement benefit expense$0.0$5.0M$6.0M$25.0M$5.0M$3.0M
Interest Costs Capitalized$36.0M$27.0M$25.0M$34.0M$19.0M$21.0M
Finance Lease Interest Expense$7.0M$6.8M$6.8M$6.8M$6.8M—
Interest expense on debt—$10.0M———$10.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Dividends Declared (Per Share)$0.6$0.7$0.7$0.7$0.7$0.9
Common Stock Dividends$317.0M$307.0M$367.0M$366.0M$361.0M$350.0M
Cash Dividends, Common Stock—$307.0M———$350.0M
OCI Attributable to Parent$421.0M$17.0M$5.0M$5.0M$173.0M-$25.0M
Net income$1.2B$1.3B$949.0M$539.0M$492.0M$940.0M
Common Stock Dividends$317.0M$307.0M$367.0M$366.0M$361.0M$350.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of LIFO Inventory Liquidation on Cost of Goods Sold$15.3M$15.3M$15.3M$15.3M$15.3M—

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes157500000000.0%168800000000.0%124400000000.0%70100000000.0%62900000000.0%123200000000.0%

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment And Other Income Net$60.0M$51.0M$24.0M$55.0M$30.0M$30.0M
Revenues$12.5B$12.5B$11.2B$12.0B$11.3B$12.4B
Total revenue$12.6B$12.5B$11.2B$12.0B$11.3B$12.4B