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Imperial Oil IMO Upstream — Depreciation and depletion (includes impairments)

Other segment segments

Downstream
$56M+24.4%
Chemical
$4M0.0%

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$567.71M+4.5%
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$351M-3.2%
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$14.34B+14.9%
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XOMUpstream — Impairment, long-lived asset, held-for-use, before-tax
$400M

Other financials

Income statement

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Revenue$12.4B-0.6%
Net income$940.0M-27.0%
EPS (diluted)$1.94-23.0%

Balance sheet

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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

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Operating cash flow$756.0M-50.5%
CapEx$475.0M+19.3%
Free cash flow$281.0M-75.1%

Valuation

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Market cap$54.76B+36.6%
Enterprise value$57.95B+38.2%
P/E18.8×+10.2×
P/S1.2×+0.4×

Profitability

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Net margin6.2%-3.2pp
FCF margin8.2%-0.8pp

Returns & leverage

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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:DepreciationDepletionAndAmortization.

The official record: Imperial Oil’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Imperial Oil's upstream — depreciation and depletion (includes impairments)?
Imperial Oil (IMO) reported upstream — depreciation and depletion (includes impairments) of $447M in Q1 2026.
How has Imperial Oil's upstream — depreciation and depletion (includes impairments) changed year-over-year?
Imperial Oil's upstream — depreciation and depletion (includes impairments) decreased by 4.9% year-over-year, from $470M to $447M.
What is the long-term trend for Imperial Oil's upstream — depreciation and depletion (includes impairments)?
Over 4 years (2021 to 2025), Imperial Oil's upstream — depreciation and depletion (includes impairments) has grown at a 1.8% compound annual growth rate (CAGR), from $1.78B to $1.91B.
What does upstream — depreciation and depletion (includes impairments) mean?
Reflects the systematic allocation of the cost of tangible assets and the depletion of natural resource reserves over their useful lives, including any non-cash impairment charges. This is a significant non-cash expense that accounts for the consumption of capital assets.