IMPERIAL OIL LTD

Listed Company

IMOCIK 0000049938NYSELarge AcceleratedPetroleum RefiningCAFY ends Dec 31

Period

FY 2025

Revenue

$47.08B

Net Income

$3.27B

Total Assets

$42.31B

Equity

$22.25B

Shares Out

483.59M

Op. Cash Flow

$6.71B

Business

IMPERIAL OIL LTD is an integrated energy company active across the petroleum value chain in Canada, engaged in exploration, production, refining, distribution and marketing of hydrocarbon products. It produces and sells crude oil, natural gas, synthetic crude and bitumen, refines and blends fuels, markets petroleum products and manufactures petrochemicals, and pursues lower-emission opportunities such as carbon capture, hydrogen, lower‑emission fuels and lithium. The company operates through three segments: Upstream, Downstream and Chemical. Its operations and sales are conducted primarily in Canada and distributed via pipelines, tanker, rail and road to branded sites, independent marketers and industrial customers.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	46,918	51,359	50,702	59,413	37,508
Investment and other income	160	173	267	257	82
Total revenues and other income	47,078	51,532	50,969	59,670	37,590
Exploration	7	3	5	5	32
Purchase of crude oil and products	29,807	33,184	32,399	37,742	23,174
Production and manufacturing	7,269	6,599	6,879	7,404	6,316
Selling and general	1,386	945	857	882	—
Federal excise tax and fuel charge	1,715	2,535	2,402	2,179	—
Depreciation and depletion (includes impairments)	2,579	1,983	1,907	1,897	1,977
Non-service pension and postretirement benefit	41	3	82	17	—
Financing	12	41	69	60	54
Total expenses	42,816	45,293	44,600	50,186	34,307
Income (loss) before income taxes	4,262	6,239	6,369	9,484	3,283
Income taxes	994	1,449	1,480	2,144	804
Net income (loss)	3,268	4,790	4,889	7,340	2,479
Net income (loss) per common share - basic (in CAD per share)	6.5	9.05	8.51	11.47	3.48
Net income (loss) per common share - diluted (in CAD per share)	6.48	9.03	8.49	11.44	3.48

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,142	979	864	3,749	2,153
Accounts receivable - net	4,371	5,758	4,482	4,719	3,869
Inventories of crude oil and products	2,211	1,642	—	—	—
Materials, supplies and prepaid expenses	693	975	1,008	754	689
Total current assets	8,417	9,354	8,298	10,736	7,813
Investments and long-term receivables	1,103	1,084	1,062	893	757
Property, plant and equipment, less accumulated depreciation and depletion	30,863	30,807	30,835	30,506	31,240
Goodwill	166	166	166	166	166
Other assets, including intangibles - net	1,760	1,527	838	1,223	806
Total assets	42,309	42,938	41,199	43,524	40,782
Notes and loans payable	19	19	121	122	122
Accounts payable and accrued liabilities	6,595	6,907	6,231	6,194	5,184
Income taxes payable	2	81	251	2,582	248
Total current liabilities	6,616	7,007	6,603	8,898	5,554
Long-term debt	3,978	3,992	4,011	4,033	5,054
Other long-term obligations	4,959	3,870	3,851	3,467	3,897
Deferred income tax liabilities	4,502	4,596	4,512	4,713	4,542
Total liabilities	20,055	19,465	18,977	21,111	19,047
Commitments and contingent liabilities	—	—	—	—	—
Common shares at stated value	895	942	992	1,079	1,252
Earnings reinvested	21,373	22,745	21,907	21,846	21,660
Accumulated other comprehensive income (loss)	−14	−214	−677	−512	−1,177
Total shareholders equity	22,254	23,473	22,222	22,413	21,735
Total liabilities and shareholders equity	42,309	42,938	41,199	43,524	40,782

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	3,268	4,790	4,889	7,340	2,479
Depreciation and depletion (includes impairments)	2,579	1,983	1,907	1,897	1,977
(Gain) loss on asset sales	5	−18	−73	−158	−49
Deferred income taxes and other	−156	−142	−85	−77	91
Accounts receivable	1,387	−1,276	237	−862	−1,950
Inventories, materials, supplies and prepaid expenses	−287	335	−688	−477	45
Income taxes payable	−79	−170	−2,331	1,876	248
Accounts payable and accrued liabilities	−346	616	81	948	2,020
All other items - net	337	−137	−203	−5	615
Cash flows from (used in) operating activities	6,708	5,981	3,734	10,482	5,476
Additions to property, plant and equipment	−2,005	−1,867	−1,785	−1,526	−1,108
Proceeds from asset sales	101	25	86	904	81
Additional investments	−4	0	0	−6	0
Loans to equity companies - net	16	17	5	10	15
Cash flows from (used in) investing activities	−1,892	−1,825	−1,694	−618	−1,012
Short-term debt - net	0	−100	0	0	−111
Finance lease obligations - reduction	−18	−22	−22	−22	−20
Dividends paid	−1,401	−1,238	−1,103	−851	−706
Common shares purchased	−3,234	−2,681	−3,800	−6,395	−2,245
Cash flows from (used in) financing activities	−4,653	−4,041	−4,925	−8,268	−3,082
Increase (decrease) in cash and cash equivalents	163	115	−2,885	1,596	1,382

Filings

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