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Capital and exploration expenditures

Imperial Oil Capital and exploration expenditures decreased by 26.6% to $478M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 20.1%, from $398M to $478M. Over 3 years (FY 2022 to FY 2025), Capital and exploration expenditures shows an upward trend with a 10.8% CAGR.

Analysis

StatementIncome Statement
SectionOther
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2020
Last reportedQ1 2026May 4, 2026

How to read this metric

High expenditures indicate aggressive growth or maintenance investment, while low levels may suggest capital discipline or asset harvesting.

Detailed definition

This represents the total cash outflows directed toward acquiring, maintaining, or upgrading physical assets and conduct...

Peer comparison

Standard metric for capital-intensive industries like energy and manufacturing.

Metric ID: other_capital_and_exploration_expenditures

Historical Data

19 periods
 Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$277M$441M$296M$314M$392M$488M$429M$493M$387M$469M$496M$462M$486M$423M$398M$473M$505M$651M$478M
QoQ Change+59.2%-32.9%+6.1%+24.8%+24.5%-12.1%+14.9%-21.5%+21.2%+5.8%-6.9%+5.2%-13.0%-5.9%+18.8%+6.8%+28.9%-26.6%
YoY Change+41.5%+10.7%+44.9%+57.0%-1.3%-3.9%+15.6%-6.3%+25.6%-9.8%-19.8%+2.4%+3.9%+53.9%+20.1%
Range$277M$651M
CAGR+12.9%
Avg YoY Growth+15.6%
Median YoY Growth+10.7%

Business Segments

View all
SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Upstream$267M$300M$221M$266M$353M$353M$508M$362M
Downstream$149M$133M$137M$88M$90M$114M$120M$91M
Chemical$3M$3M$19M$3M$1M$4M$3M$3M
Total$462M$486M$423M$398M$473M$505M$651M$478M

Frequently Asked Questions

What is Imperial Oil's capital and exploration expenditures?
Imperial Oil (IMO) reported capital and exploration expenditures of $478M in Q1 2026.
How has Imperial Oil's capital and exploration expenditures changed year-over-year?
Imperial Oil's capital and exploration expenditures increased by 20.1% year-over-year, from $398M to $478M.
What is the long-term trend for Imperial Oil's capital and exploration expenditures?
Over 3 years (2022 to 2025), Imperial Oil's capital and exploration expenditures has grown at a 10.8% compound annual growth rate (CAGR), from $1.49B to $2.03B.
What does capital and exploration expenditures mean?
Total cash spent on capital projects and exploration activities.