What does upstream — federal excise tax and fuel charge mean?

Captures specific federal levies, excise taxes, and fuel-related charges imposed on the production or distribution of energy products. These are mandatory government payments that directly reduce the net revenue of the segment.

Imperial Oil (IMO) Upstream — Federal excise tax and fuel charge

Screener

Other segment segments

Downstream

$347M-41.3%

Chemical

$1M0.0%

Similar metrics at other companies

XOMNon-U.S. — Other taxes and duties

$4.92B-4.8%

NFGIntegrated Upstream and Gathering — Upstream General and Administrative Expense

$17.49M-6.0%

MRTNFuel And Fuel Tax Expense

$45.77M+40.4%

MRTNBrokerage — Fuel And Fuel Tax Expense

$0—

MRTNDedicated — Fuel And Fuel Tax Expense

$14.72M+36.8%

MRTNIntermodal — Fuel And Fuel Tax Expense

$0-100%

Other financials

Income statement

See full

Revenue$16.1B+43.0%

Net income$2.2B+131%

EPS (diluted)$4.52+143%

Balance sheet

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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

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Market cap$60.61B+39.2%

P/E14.6×+5.3×

P/S1.2×+0.3×

Profitability

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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:TaxesOther.

The source filing: Imperial Oil’s 10-Q, filed May 4, 2026.

Filed: May 4, 2026, 12:48 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0000049938-26-000019

Three Months to March 31 / millions of Canadian dollars	Upstream / 2026	Upstream / 2025	Downstream / 2026	Downstream / 2025	Chemical / 2026	Chemical / 2025
Purchases of crude oil and products	1,719	1,862	12,062	11,987	226	253
Production and manufacturing	1,236	1,176	463	457	52	51
Selling and general (note 11)	—	—	180	174	22	22
Federal excise tax and fuel charge	—	—	347	591	1	1
Depreciation and depletion	447	470	56	45	4	4
Non-service pension and postretirement benefit	—	—	—	—	—	—
Financing (note 5)	—	(12)	—	—	—	—
Total expenses	3,405	3,498	13,108	13,254	305	331

Item 1. Financial statements

FAQ

What is Imperial Oil's upstream — federal excise tax and fuel charge?: Imperial Oil (IMO) reported upstream — federal excise tax and fuel charge of $0 in Q1 2026.
What does upstream — federal excise tax and fuel charge mean?: Captures specific federal levies, excise taxes, and fuel-related charges imposed on the production or distribution of energy products. These are mandatory government payments that directly reduce the net revenue of the segment.