Imperial Oil Ltd (IMO) financial statements: income statement, balance sheet and cash flow
Imperial Oil Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Imperial Oil Ltd reported revenue of $47.1B (-8.6% year on year) and net income of $3.3B (-31.8% year on year).
Income statement
Imperial Oil Ltd income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$46.9B
$51.4B
$50.7B
$59.4B
Investment and other income
$160.0M
$173.0M
$267.0M
$257.0M
Total revenues and other income
$47.1B
$51.5B
$51.0B
$59.7B
Exploration
$7.0M
$3.0M
$5.0M
$5.0M
Purchase of crude oil and products
$29.8B
$33.2B
$32.4B
$37.7B
Production and manufacturing
$7.3B
$6.6B
$6.9B
$7.4B
Selling and general
$1.4B
$945.0M
$857.0M
$882.0M
Federal excise tax and fuel charge
$1.7B
$2.5B
$2.4B
$2.2B
Depreciation and depletion (includes impairments)
$2.6B
$2.0B
$1.9B
$1.9B
Non-service pension and postretirement benefit
$41.0M
$3.0M
$82.0M
$17.0M
Financing
$12.0M
$41.0M
$69.0M
$60.0M
Total expenses
$42.8B
$45.3B
$44.6B
$50.2B
Income (loss) before income taxes
$4.3B
$6.2B
$6.4B
$9.5B
Income taxes
$994.0M
$1.4B
$1.5B
$2.1B
Net income (loss)
$3.3B
$4.8B
$4.9B
$7.3B
Net income (loss) per common share - basic (in CAD per share)
$6.50
$9.05
$8.51
$11.47
Net income (loss) per common share - diluted (in CAD per share)
$6.48
$9.03
$8.49
$11.44
Imperial Oil Ltd income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenues
$16.0B
$12.4B
$12.0B
$11.2B
Investment and other income
$81.0M
$30.0M
$55.0M
$24.0M
Total revenues and other income
$16.1B
$12.4B
$12.0B
$11.2B
Exploration
$1.0M
$3.0M
$1.0M
$0
Purchases of crude oil and products
$10.6B
$8.2B
$7.8B
$7.2B
Production and manufacturing
$1.8B
$1.8B
$1.6B
$1.7B
Selling and general
$144.0M
$397.0M
$622.0M
$251.0M
Federal excise tax and fuel charge
$70.0M
$348.0M
$380.0M
$372.0M
Depreciation and depletion (includes impairments)
$511.0M
$520.0M
$911.0M
$478.0M
Non-service pension and postretirement benefit
$2.0M
$3.0M
$25.0M
$6.0M
Financing
$14.0M
$11.0M
$8.0M
$2.0M
Total expenses
$13.2B
$11.2B
$11.3B
$10.0B
Income (loss) before income taxes
$2.9B
$1.2B
$701.0M
$1.2B
Income taxes
$670.0M
$292.0M
$162.0M
$295.0M
Net income (loss)
$2.2B
$940.0M
$539.0M
$949.0M
Net income (loss) per common share - basic (in CAD per share)
$4.53
$1.94
$1.07
$1.86
Net income (loss) per common share - diluted (in CAD per share)
$4.52
$1.94
$1.07
$1.86
Balance sheet
Imperial Oil Ltd balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$1.1B
$979.0M
$864.0M
$3.7B
Accounts receivable - net
$4.4B
$5.8B
$4.5B
$4.7B
Inventories of crude oil and products
$2.2B
—
—
—
Materials, supplies and prepaid expenses
$693.0M
$975.0M
$1.0B
$754.0M
Total current assets
$8.4B
$9.4B
$8.3B
$10.7B
Investments and long-term receivables
$1.1B
$1.1B
$1.1B
$893.0M
Property, plant and equipment, less accumulated depreciation and depletion
$30.9B
$30.8B
$30.8B
$30.5B
Goodwill
$166.0M
$166.0M
$166.0M
$166.0M
Other assets, including intangibles - net
$1.8B
$1.5B
$838.0M
$1.2B
Total assets
$42.3B
$42.9B
$41.2B
$43.5B
Notes and loans payable
$19.0M
$19.0M
$121.0M
$122.0M
Accounts payable and accrued liabilities
$6.6B
$6.9B
$6.2B
$6.2B
Income taxes payable
$2.0M
$81.0M
$251.0M
$2.6B
Total current liabilities
$6.6B
$7.0B
$6.6B
$8.9B
Long-term debt
$4.0B
$4.0B
$4.0B
$4.0B
Other long-term obligations
$5.0B
$3.9B
$3.9B
$3.5B
Deferred income tax liabilities
$4.5B
$4.6B
$4.5B
$4.7B
Total liabilities
$20.1B
$19.5B
$19.0B
$21.1B
Common shares at stated value
895.0M
942.0M
992.0M
1.1B
Earnings reinvested
$21.4B
$22.7B
$21.9B
$21.8B
Accumulated other comprehensive income (loss)
($14.0M)
($214.0M)
($677.0M)
($512.0M)
Total shareholders’ equity
$22.3B
$23.5B
$22.2B
$22.4B
Total liabilities and shareholders’ equity
$42.3B
$42.9B
$41.2B
$43.5B
Imperial Oil Ltd balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$2.8B
$1.0B
$1.9B
$2.4B
Accounts receivable - net
$8.2B
$7.6B
$5.2B
$5.6B
Inventories of crude oil and products
$1.9B
$2.0B
$2.0B
$1.6B
Materials, supplies and prepaid expenses
$1.0B
$866.0M
$908.0M
$1.0B
Total current assets
$13.9B
$11.5B
$10.0B
$10.7B
Investments and long-term receivables
$1.0B
$1.1B
$1.1B
$1.1B
Property, plant and equipment,
$61.0B
$60.5B
$59.3B
$58.9B
less accumulated depreciation and depletion
($30.1B)
($29.6B)
($29.1B)
($28.2B)
Property, plant and equipment - net
$30.8B
$30.8B
$30.2B
$30.7B
Goodwill
$166.0M
$166.0M
$166.0M
$166.0M
Other assets, including intangibles - net
$1.9B
$1.9B
$1.5B
$1.6B
Total assets
$47.9B
$45.5B
$43.0B
$44.2B
Notes and loans payable
$19.0M
$19.0M
$18.0M
$19.0M
Accounts payable and accrued liabilities
$9.6B
$9.2B
$6.7B
$6.7B
Income taxes payable
$500.0M
$126.0M
$18.0M
$0
Total current liabilities
$10.1B
$9.3B
$6.8B
$6.7B
Long-term debt
$4.0B
$4.0B
$4.0B
$4.0B
Other long-term obligations
$5.0B
$5.1B
$4.2B
$3.9B
Deferred income tax liabilities
$4.2B
$4.3B
$4.4B
$4.6B
Total liabilities
$23.3B
$22.7B
$19.3B
$19.2B
Common shares at stated value
895.0M
895.0M
919.0M
942.0M
Earnings reinvested
$23.7B
$21.9B
$23.0B
$24.2B
Accumulated other comprehensive income (loss)
($14.0M)
($39.0M)
($187.0M)
($192.0M)
Total shareholders’ equity
$24.5B
$22.7B
$23.7B
$25.0B
Total liabilities and shareholders’ equity
$47.9B
$45.5B
$43.0B
$44.2B
Cash flow statement
Imperial Oil Ltd cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$3.3B
$4.8B
$4.9B
$7.3B
Depreciation and depletion (includes impairments)
$2.6B
$2.0B
$1.9B
$1.9B
(Gain) loss on asset sales
$5.0M
($18.0M)
($73.0M)
($158.0M)
Deferred income taxes and other
($156.0M)
($142.0M)
($85.0M)
($77.0M)
Accounts receivable
$1.4B
($1.3B)
$237.0M
($862.0M)
Inventories, materials, supplies and prepaid expenses
($287.0M)
$335.0M
($688.0M)
($477.0M)
Income taxes payable
($79.0M)
($170.0M)
($2.3B)
$1.9B
Accounts payable and accrued liabilities
($346.0M)
$616.0M
$81.0M
$948.0M
All other items - net
$337.0M
($137.0M)
($203.0M)
($5.0M)
Cash flows from (used in) operating activities
$6.7B
$6.0B
$3.7B
$10.5B
Additions to property, plant and equipment
($2.0B)
($1.9B)
($1.8B)
($1.5B)
Proceeds from asset sales
$101.0M
$25.0M
$86.0M
$904.0M
Additional investments
($4.0M)
$0
$0
($6.0M)
Loans to equity companies - net
$16.0M
$17.0M
$5.0M
$10.0M
Cash flows from (used in) investing activities
($1.9B)
($1.8B)
($1.7B)
($618.0M)
Short-term debt - net
$0
($100.0M)
$0
$0
Finance lease obligations - reduction
($18.0M)
($22.0M)
($22.0M)
($22.0M)
Dividends paid
($1.4B)
($1.2B)
($1.1B)
($851.0M)
Common shares purchased
-3.2B
-2.7B
-3.8B
-6.4B
Cash flows from (used in) financing activities
($4.7B)
($4.0B)
($4.9B)
($8.3B)
Increase (decrease) in cash and cash equivalents
$163.0M
$115.0M
($2.9B)
$1.6B
Cash and cash equivalents at beginning of year
$979.0M
$864.0M
$3.7B
$2.2B
Cash and cash equivalents at end of year
$1.1B
$979.0M
$864.0M
—
Imperial Oil Ltd cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
$3.1B
$940.0M
$2.8B
$2.2B
Depreciation and depletion (includes impairments)
$1.0B
$520.0M
$1.9B
$1.0B
(Gain) loss on asset sales
($64.0M)
($8.0M)
$11.0M
($11.0M)
Deferred income taxes and other
($386.0M)
($346.0M)
($231.0M)
($31.0M)
Accounts receivable
($3.8B)
($3.3B)
$600.0M
$156.0M
Inventories, materials, supplies and prepaid expenses