Business Segments · Capital and exploration expenditures
Downstream — Capital and exploration expenditures
Imperial Oil Downstream — Capital and exploration expenditures decreased by 24.2% to $91M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.4%, from $88M to $91M. Over 4 years (FY 2021 to FY 2025), Downstream — Capital and exploration expenditures shows a downward trend with a -3.5% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 4, 2026
Rolls up toCapital and exploration expenditures
How to read this metric
Higher spending may indicate growth initiatives or necessary maintenance, while lower spending could signal capital discipline or asset maturity.
Detailed definition
The total capital invested in the downstream segment for maintenance, upgrades, and expansion of refining and marketing...
Peer comparison
Commonly referred to as 'Segment Capital Expenditures' or 'CapEx' in industry reports.
Metric ID:
imo_segment_downstream_capital_and_exploration_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $120M | $120M | $168M | $68M | $69M | $64M | $94M | $74M | $152M | $103M | $143M | $153M | $149M | $133M | $137M | $88M | $90M | $114M | $120M | $91M |
| QoQ Change | — | +0.0% | +40.0% | -59.5% | +1.5% | -7.2% | +46.9% | -21.3% | +105.4% | -32.2% | +38.8% | +7.0% | -2.6% | -10.7% | +3.0% | -35.8% | +2.3% | +26.7% | +5.3% | -24.2% |
| YoY Change | — | — | — | — | -42.5% | -46.7% | -44.0% | +8.8% | +120.3% | +60.9% | +52.1% | +106.8% | -2.0% | +29.1% | -4.2% | -42.5% | -39.6% | -14.3% | -12.4% | +3.4% |
Range$64M – $168M
CAGR-5.7%
Avg YoY Growth+8.3%
Median YoY Growth-3.1%
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Frequently Asked Questions
- What is Imperial Oil's downstream — capital and exploration expenditures?
- Imperial Oil (IMO) reported downstream — capital and exploration expenditures of $91M in Q1 2026.
- How has Imperial Oil's downstream — capital and exploration expenditures changed year-over-year?
- Imperial Oil's downstream — capital and exploration expenditures increased by 3.4% year-over-year, from $88M to $91M.
- What is the long-term trend for Imperial Oil's downstream — capital and exploration expenditures?
- Over 4 years (2021 to 2025), Imperial Oil's downstream — capital and exploration expenditures has grown at a -3.5% compound annual growth rate (CAGR), from $476M to $412M.
- What does downstream — capital and exploration expenditures mean?
- Capital spent on maintaining or expanding downstream refining and marketing assets.