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

Other segment segments

Downstream

$8.27B+4.8%

Chemical

$1.03B+1.4%

Similar metrics at other companies

EQTUpstream — Production

$115.18M+30.2%

EQTUpstream — Total Operating Expenses

$1.48B+7.5%

EQTUpstream — Transportation and processing

$724.48M+5.2%

CVXUpstream — Properties, plant and equipment, at cost

$388.49B+29.1%

EQTUpstream — Operating and maintenance

$0—

CVXUpstream — Depreciation, Depletion and Amortization

$4.61B+19.0%

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 →

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Questions, answered.

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.