What is Imperial Oil's downstream — cost?

Imperial Oil (IMO) reported downstream — cost of $8.27B in Q4 2025.

How has Imperial Oil's downstream — cost changed year-over-year?

Imperial Oil's downstream — cost increased by 4.8% year-over-year, from $7.89B to $8.27B.

What does downstream — cost mean?

Represents the direct cost of goods sold and operating expenses associated with the downstream segment. This metric is fundamental to calculating gross and operating margins for the refining business.

Imperial Oil IMO Downstream — Cost

Other segment segments

Upstream

$49.39B+3.1%

Chemical

$1.03B+1.4%

Similar metrics at other companies

CVXDownstream — Properties, plant and equipment, at cost

$41.91B+3.0%

CVXDownstream — Depreciation, Depletion and Amortization

$351M-3.2%

EQTUpstream — Production

$115.18M+30.2%

EQTUpstream — Total Operating Expenses

$1.48B+7.5%

TALOUpstream — Results Of Operations Production Or Lifting Costs

$114.7M-8.7%

TALOUpstream — Profit Loss

-$256M-2,494%

Other financials

Income statement

See full

Revenue$12.4B-0.6%

Net income$940.0M-27.0%

EPS (diluted)$1.94-23.0%

Balance sheet

See full

Cash & equivalents$1.0B-41.7%

Total debt$4.2B-0.4%

Total equity$22.7B-6.8%

Total assets$45.5B+3.6%

Cash flow

See full

Operating cash flow$756.0M-50.5%

CapEx$475.0M+19.3%

Free cash flow$281.0M-75.1%

Valuation

See full

Market cap$54.78B+32.8%

Enterprise value$57.97B+32.6%

P/E18.8×+10.3×

P/S1.2×+0.4×

Profitability

See full

Net margin6.2%-3.2pp

FCF margin8.2%-0.8pp

Returns & leverage

See full

Return on equity12.4%-8.2pp

Debt / equity0.2×0.0×

Current ratio1.2×-0.2×

Where this comes from

Reported directly by Imperial Oil in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentGross.

The official record: Imperial Oil’s 10-K, filed February 18, 2026, on SEC EDGAR. View the filing →

Ask your AI about Imperial Oil's downstream — cost.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Imperial Oil's downstream — cost?: Imperial Oil (IMO) reported downstream — cost of $8.27B in Q4 2025.
How has Imperial Oil's downstream — cost changed year-over-year?: Imperial Oil's downstream — cost increased by 4.8% year-over-year, from $7.89B to $8.27B.
What does downstream — cost mean?: Represents the direct cost of goods sold and operating expenses associated with the downstream segment. This metric is fundamental to calculating gross and operating margins for the refining business.