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Imperial Oil IMO Upstream — Exploration Expense

Other segment segments

Chemical
0%
Downstream
0%

Similar metrics at other companies

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EQTUpstream — Exploration
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EQTExploration expenses
$430K-59.1%
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MGY
MGYExploration Expense
$1.74M+401%

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$58.03B+42.2%
Enterprise value$61.22B+43.5%
P/E19.9×+11.2×
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:ExplorationExpense.

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 — exploration expense?
Imperial Oil (IMO) reported upstream — exploration expense of 300,000,000% in Q1 2026.
How has Imperial Oil's upstream — exploration expense changed year-over-year?
Imperial Oil's upstream — exploration expense increased by 50.0% year-over-year, from 200,000,000% to 300,000,000%.
What is the long-term trend for Imperial Oil's upstream — exploration expense?
Over 4 years (2021 to 2025), Imperial Oil's upstream — exploration expense has grown at a -31.6% compound annual growth rate (CAGR), from 3,200,000,000% to 700,000,000%.
What does upstream — exploration expense mean?
Includes costs associated with geological and geophysical studies, exploratory drilling, and other activities aimed at identifying new oil and gas reserves. These expenses are critical for long-term reserve replacement but impact short-term profitability.