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Imperial Oil Income Statement

Revenue, expenses, and profitability over time

Imperial Oil generated $47.0B in trailing twelve-month revenue, down 0.1% year-over-year. Net income was $2.9B with a 6.21% net margin. Diluted EPS is $11.35, which declined 0.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$47.0BNet Income (TTM)$2.9BEps Diluted (TTM)11.4
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$58.5B
P/E Ratio20.03
ROE12.38%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share9.12.51.91.16.51.9
Diluted earnings per share92.51.91.16.51.9
Weighted-average shares, basic529.4M509M509M503.8M502.8M483.6M
Weighted-average shares, diluted530.6M510.2M510.3M505.1M504M484.8M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on disposal of assets—$10M———$8M
Interest expense$4M-$2M$2M$8M$4M$11M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes623900000000.0%168800000000.0%124400000000.0%70100000000.0%426200000000.0%123200000000.0%

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$350M$400M$295M$162M$137M$292M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.2B$1.3B$949M$539M$492M$940M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Purchase of crude oil and products$7.9B$7.8B$7.2B$7.8B$7.1B$8.2B
Production And Manufacturing Expenses$1.7B$1.7B$1.7B$1.6B$2.3B$1.8B
Other taxes and duties$627M$592M$372M$380M$371M$348M
Research and development$29.5M$33.5M$33.5M$33.5M$33.5M—
Selling, general and administrative$255M$259M$251M$622M$254M$397M
Total operating expenses$11B$10.8B$10B$11.3B$10.7B$11.2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Actual rate of return over the last 10 years5.1%———4.5%—
Actual rate of return over the last 20 years6.0%———5.6%—
Pre-tax stock-based compensation cost$29M$53M$53M$53M$53M—
Additions (deductions)$24M$180.3M$180.3M$180.3M$180.3M—
Asset Retirement Obligation, Liabilities Settled$32.3M$48.8M$48.8M$48.8M$48.8M—
Asset retirement obligations discount rate6.0%———6.0%—
Book value of asset sales$5M$1M$1M$43M$61M$1M
Capital and exploration expenditures$423M$398M$473M$505M$651M$478M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation11500000000.0%78500000000.0%62200000000.0%-52500000000.0%16300000000.0%-11300000000.0%
Dividends declared (in dollars per share)2.40.70.70.72.90.9
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$1.6B$1.3B$954M$544M$665M$915M
Contribution To Registered Pension Plan Assets$38M$37M$37M$37M$37M$37M
Deferred taxes-$34.3M-$32.8M-$32.8M-$32.8M-$32.8M—
Deferred income taxes and other—-$31M$0-$200M—-$346M
Expected long-term rate of return on plan assets$0$0$0$0$0—
Defined Contribution Plan Cost Recognized$11.8M$11.8M$11.8M$11.8M$11.8M—
Depreciation and depletion (includes impairments)$529M$531M$478M$911M$659M$520M
Effective tax rates$0.1$0.1$0.1$0.1$0.1—
Income taxes at U.S. statutory rate of 21%$0$0$0$0$0—
State income taxes – net of federal income tax benefit$0$0$0$0$0—
Cash payment for compensation expense$18.5M$26.8M$26.8M$26.8M$26.8M—
Share-Based Payment Arrangement, Expense, Tax Benefit$7M$12.8M$12.8M$12.8M$12.8M—
Exploration Expense—200000000.0%———300000000.0%
Finance Lease Cost$11M$10.8M$10.8M$10.8M$10.8M—
Finance Lease Obligation Average Imputed Rate4.8%———5.8%—
Finance Lease Principal Payments$4M$4M$4M$6M$4M$5M
Cash flows from operating activities, Finance leases$0$0$0$0$0—
Gain (Loss) on Disposition of Assets$13M$10M$1M-$22M—$8M
Federal taxes$279.8M$225.3M$225.3M$225.3M$225.3M—
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount$233.8M$159.8M$159.8M$159.8M$159.8M—
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount-$13.3M-$5.3M-$5.3M-$5.3M-$5.3M—
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount$141.8M$94M$94M$94M$94M—
Accounts payable and other current liabilities$554M$114M-$317M$2M-$145M$2.6B
Increase (Decrease) in Accounts Receivable$236M$12M-$168M-$444M-$787M$3.3B
Increase Decrease In Accrued Income Taxes Payable—-$81M$0$18M-$16M$124M
Increase (Decrease) in Inventories Materials and Supplies and Prepaid Expenses—$254M-$201M$266M—-$63M
Increase (Decrease) in Other Operating Assets and Liabilities, Net$135M$18M$13M-$328M-$40M-$133M
Interest Income Expense Other$0$12M$0-$3M$5M-$1M
Interest Paid, Capitalized, Investing Activities—$27M———$21M
Long-term material purchase obligations$0$0$0$0$0—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$1.9B-$365M-$371M-$1.8B-$2.1B-$419M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$404M-$377M-$472M-$482M-$561M-$450M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.8B$1.5B$1.5B$1.8B$1.9B$756M
Net Gain (Loss) On Asset Sales After Tax$11M$9M$1M-$24M—$7M
Net Movement Related To Loans To Equity Companies-$1M-$10M-$1M-$1M-$4M-$16M
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component$0$5M$6M$25M$5M$3M
Number of reportable segments—0.750.750.750.75—
Operating Lease And Short-Term Lease, Cost$40.3M$53.3M$53.3M$53.3M$53.3M—
Operating Lease Payments$29.5M$30.3M$30.3M$30.3M$30.3M—
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax—$12M———-$28M
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax$133M$4M$0$0$55M-$9M
Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost$13M$5M$5M$5M$4M$3M
Other comprehensive income/(loss)$421M$17M$5M$5M$173M-$25M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax-$115.8M-$50M-$50M-$50M-$50M—
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax—-$5M———$9M
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax-$153.3M-$66.3M-$66.3M-$66.3M-$66.3M—
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax-$4M-$1M-$2M-$2M-$1M$0
Payments for Repurchase of Common Stock$1.5B$54M$0$1.5B$1.7B$64M
Payments of Ordinary Dividends, Common Stock$317M$307M$367M$366M$361M$350M
Payments to Acquire Productive Assets$423M$398M$471M$504M$632M$475M
Dispositions of property, plant, and equipment$18M$11M$2M$21M$67M$9M
Proceeds from sale of assets$18M$11M$2M$21M$67M$9M
Revenues-$22M$15M-$24M$20M$30M$65M
Revenue from contracts outside the scope of ASC Topic 606$2.6B$2.3B$1.6B$2.3B$2B$2.6B
Right Of Use Asset Obtained In Exchange For Finance Lease Liability$0$4.3M$4.3M$4.3M$4.3M—
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$38M$26.8M$26.8M$26.8M$26.8M—
Unrecognized tax benefits, settlements$3.8M$250K$250K$250K$250K—
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions$500K$1.5M$1.5M$1.5M$1.5M—
Additions for tax positions of prior years$0$750K$750K$750K$750K—
Add: dilutive effect of potential common shares (in shares)—$1.2M$1.3M$1.3M—$1.2M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment And Other Income Net$60M$51M$24M$55M$30M$30M
Revenues$12.5B$12.5B$11.2B$12B$11.3B$12.4B
Total revenue$12.6B$12.5B$11.2B$12B$11.3B$12.4B