What is Imperial Oil's upstream — cost?

Imperial Oil (IMO) reported upstream — cost of $49.39B in Q4 2025.

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

Imperial Oil's upstream — cost increased by 3.1% year-over-year, from $47.92B to $49.39B.

What does upstream — cost mean?

The aggregate cost structure associated with the upstream segment, encompassing production, manufacturing, and exploration expenses. It provides a view of the cost-per-unit efficiency of the extraction business.

Imperial Oil (IMO) Upstream — Cost

Screener

Other segment segments

Downstream

$8.27B+4.8%

Chemical

$1.03B+1.4%

Similar metrics at other companies

MPLXNatural Gas & NGL Services — Gross PP&E

$18.46B+20.6%

WMHealthcare Solutions — Property Plant And Equipment Gross

$340M-18.9%

WMRecycling Processing And Sales — Property Plant And Equipment Gross

$1.7B0.0%

WMRenewable Energy — Property Plant And Equipment Gross

$1.2B+43.9%

PCARTruck Parts And Other — Property Plant And Equipment Gross

$9.39B+12.1%

MPLXCrude Oil and Products Logistics — Gross PP&E

$13.9B+3.9%

Other financials

Income statement

See full

Revenue$16.1B+43.0%

Net income$2.2B+131%

EPS (diluted)$4.52+143%

Balance sheet

See full

Cash & equivalents$2.8B+19.0%

Total debt$4.0B-5.8%

Total equity$24.5B-1.8%

Total assets$47.9B+8.3%

Cash flow

See full

Operating cash flow$2.7B+84.6%

CapEx-$530.0M-213%

Free cash flow$2.2B+119%

Valuation

See full

Market cap$60.42B+42.4%

P/E14.5×+5.5×

P/S1.2×+0.3×

Profitability

See full

Net margin8%-1.4pp

FCF margin9.7%+0.7pp

Returns & leverage

See full

Return on equity16.8%-2.4pp

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 source filing: Imperial Oil’s 10-K, filed February 18, 2026.

Filed: Feb 18, 2026, 4:10 PM EST
Fiscal year: FY2025
Accession: 0000049938-26-000009

millions of Canadian dollars	Upstream / 2025	Upstream / 2024	Upstream / 2023	Downstream (e) / 2025	Downstream (e) / 2024	Downstream (e) / 2023	Chemical (e) / 2025	Chemical (e) / 2024	Chemical (e) / 2023
Net income (loss)	2,121	3,262	2,512	1,869	1,486	2,301	82	171	164
Cash flows from (used in) operating activities	3,606	4,664	3,100	3,372	1,049	608	(28)	211	53
Capital and exploration expenditures (c)	1,480	1,078	1,108	412	572	472	11	30	23
Property, plant and equipment
Cost	49,388	47,920	46,776	8,265	7,887	7,368	1,029	1,015	1,018
Accumulated depreciation and depletion	(23,351)	(21,658)	(19,936)	(4,602)	(4,430)	(4,301)	(758)	(743)	(757)
Net property, plant and equipment (d) (f) (note 11)	26,037	26,262	26,840	3,663	3,457	3,067	271	272	261
Total assets	29,111	28,042	28,718	11,036	11,624	10,114	540	474	475

Item 16. Form 10-K summary

FAQ

What is Imperial Oil's upstream — cost?: Imperial Oil (IMO) reported upstream — cost of $49.39B in Q4 2025.
How has Imperial Oil's upstream — cost changed year-over-year?: Imperial Oil's upstream — cost increased by 3.1% year-over-year, from $47.92B to $49.39B.
What does upstream — cost mean?: The aggregate cost structure associated with the upstream segment, encompassing production, manufacturing, and exploration expenses. It provides a view of the cost-per-unit efficiency of the extraction business.