Imperial Oil Ltd
TSX:IMO

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Imperial Oil Ltd Logo
Imperial Oil Ltd
TSX:IMO
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Price: 126.41 CAD -0.53% Market Closed
Market Cap: 63.4B CAD

Imperial Oil Ltd
Investor Relations

Imperial Oil Ltd., a cornerstone in Canada's energy sector, stands as an industrial titan with a storied legacy intertwining innovation and resilience. Founded over a century ago, Imperial Oil has been intimately involved in the exploration, production, and marketing of petroleum products. The company's operations span across the full value chain—from upstream activities like oil sands development and conventional crude oil and natural gas exploration, to downstream operations that include refining crude oil, as well as distributing and marketing petroleum products under the well-recognized Esso and Mobil brand names. This dual approach allows for not only a diversified revenue stream but also a strategic balance between raw material extraction and refined product sales.

The financial engine of Imperial Oil is fueled by its ability to efficiently process raw hydrocarbons into consumable petroleum products that energize industries and fuel daily life. At its core, the company capitalizes on advanced technologies and operational expertise to maximize output while minimizing environmental impact, a growing consideration in today's energy discourse. With a considerable stake owned by ExxonMobil, Imperial Oil benefits from global expertise and technological prowess, further strengthening its competitive position in the market. This integration enables Imperial Oil to navigate the complexities of global and regional markets, adapting to fluctuating demands and geopolitical dynamics, thereby ensuring steady profitability along with sustainable growth for investors and stakeholders alike.

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IMO
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 31, 2025
AI Summary
Q3 2025

Strong Quarter: Imperial Oil reported strong financial performance, generating nearly $1.8 billion in cash flow from operations and ending the quarter with about $1.9 billion in cash on hand.

Record Production: Upstream production hit a new record, with Kearl achieving its highest-ever quarterly output at 316,000 barrels per day.

Cost Reductions: Kearl and Cold Lake both reported significant reductions in unit cash costs, contributing to improved margins.

Refinery Utilization: Downstream utilization reached 98%, with refinery throughput and operational reliability both up compared to last year.

Restructuring Plan: The company announced a major restructuring, targeting $150 million in annual expense reductions by 2028 and including a workforce reduction and office sale.

Shareholder Returns: Over $1.8 billion was returned to shareholders through dividends and buybacks, with the accelerated share repurchase program expected to complete by year-end.

Guidance Affirmed: Management expressed confidence in meeting or beating their medium-term growth and expense reduction targets and will issue 2026 guidance in December.

Key Financials
Cash Flow from Operations
$1.798 billion
Cash on Hand
$1.9 billion
Shareholder Distributions
$1.8 billion
Net Income
$539 million
Net Income (Excluding Identified Items)
$1.094 billion
Upstream Production
462,000 oil equivalent barrels per day
Kearl Production
316,000 barrels per day
Kearl Unit Cash Cost
$15.13 per barrel
Kearl Year-to-Date Unit Cash Cost
$17.89 per barrel
Cold Lake Production
150,000 barrels per day
Cold Lake Unit Cash Cost
$13.38 per barrel
Cold Lake Year-to-Date Unit Cash Cost
$14 per barrel
Syncrude Production (Imperial's share)
78,000 barrels per day
Refinery Throughput
425,000 barrels per day
Refinery Utilization
98%
Petroleum Product Sales
464,000 barrels per day
Chemical Business Earnings
$21 million
Restructuring Charge (After Tax)
$249 million
Impairment Charge (After Tax)
$306 million
Capital Expenditures
$505 million
Dividends Paid
$366 million
Accelerated Share Repurchase Program
$1.5 billion
Fourth Quarter Dividend per Share
$0.72
Annual Expense Reduction Target
$150 million by 2028
Earnings Call Recording
Other Earnings Calls

Management

Mr. Bradley William Corson BS
Chairman, President & CEO
No Bio Available
Mr. Daniel E. Lyons
Senior VP of Finance & Administration and Controller
No Bio Available
Ms. Sherri L. Evers
Senior Vice President of Sustainability, Commercial Development & Product Solutions
No Bio Available
Peter Shaw
Vice President of Investor Relations
No Bio Available
Mr. Ian R. Laing
VP, General Counsel & Corporate Secretary
No Bio Available
Ms. Kristi L. Desjardins
Vice President of Human Resources
No Bio Available
Ms. Cheryl Gomez-Smith
Senior Vice President of Upstream
No Bio Available
Mr. J. E. Burgess
Treasurer
No Bio Available
Mr. Dave Hughes
Manager of Investor Relations
No Bio Available

Contacts

Address
ALBERTA
Calgary
505 Quarry Park Blvd SE
Contacts
+15874763740.0
www.imperialoil.ca