IMP Balance Sheet - Imperial Oil Ltd

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Price: 30.915 EUR -1.32% Market Closed

Market Cap: €14.6B

I	Imperial Oil Ltd XMUN:IMP	CA
F	FRoSTA AG XMUN:NLM	DE

Financial profile · Q2 FY2026

An integrated oil producer with cyclical earnings and durable cash generation

Imperial’s integrated Upstream, Downstream and Chemical model makes earnings sensitive to commodity prices, refining margins and operating uptime, creating meaningful operating leverage across the cycle. Its multi-year history also shows recurring cash generation after capital spending and a shareholder-return orientation supported by substantial repurchases and dividends.

What is developing

The quarter ended June 30, 2026 materially improved revenue, margins, earnings and cash generation versus the prior-year quarter, while the TTM profile still showed earnings below the preceding TTM. This remains a development within the established commodity-sensitive model rather than a clear inflection, as higher commodity prices and refining margins drove the improvement while planned turnaround work constrained volumes.

What matters next

Whether refinery throughput recovers after turnaround disruptions without sacrificing operating margin and free cash flow.

Metric	FY2015 Dec 2015	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024
Cash & Cash Equivalents	203m	391m	1.2B	988m	1.7B	771m	2.2B	3.7B	864m	979m
Cash	203m	391m	1.2B	988m	1.7B	771m	2.2B	—	—	—
Cash Equivalents	—	—	—	—	—	—	—	3.7B	864m	979m
Total Receivables	1.6B	2B	2.7B	2.5B	2.7B	1.9B	3.9B	4.7B	4.5B	5.8B
Accounts Receivables	1.6B	2B	2.7B	2.5B	2.7B	1.5B	2.8B	3.6B	3.4B	5B
Other Receivables	0	0	0	0	0	384m	1B	1.1B	1B	756m
Inventory	1.6B	1.4B	1.5B	1.8B	1.9B	1.8B	1.8B	2.3B	3B	1.6B
Other Current Assets	272m	0	—	—	—	—	—	—	—	975m
Total Current Assets	3.7B	3.8B	5.4B	5.4B	6.3B	4.5B	7.8B	10.7B	8.3B	9.4B
PP&E Net	37.8B	36.3B	34.5B	34.2B	34.5B	32.2B	31.5B	30.8B	31B	31B
PP&E Gross	37.8B	36.3B	34.5B	34.2B	34.5B	32.2B	31.5B	30.8B	31B	31B
Accumulated Depreciation	(16.4B)	(17.2B)	(18.3B)	(19.7B)	(20.7B)	(23.7B)	(25.5B)	(24.1B)	(25.4B)	(27.2B)
Goodwill	224m	186m	186m	186m	186m	166m	166m	166m	166m	166m
Note Receivable	—	—	—	—	296m	313m	298m	288m	283m	266m
Long-Term Investments	1.4B	1B	865m	857m	595m	468m	459m	605m	779m	818m
Other Long-Term Assets	63m	274m	670m	833m	318m	338m	561m	978m	642m	1.3B
Other Assets	224m	186m	186m	186m	186m	166m	166m	166m	166m	166m
Total Assets	43.2B	41.7B	41.6B	41.5B	42.2B	38B	40.8B	43.5B	41.2B	42.9B
Accounts Payable	2.6B	2.8B	3.4B	3.3B	3.7B	2.7B	4.7B	5.6B	5.7B	6.3B
Accrued Liabilities	378m	396m	437m	413m	512m	441m	517m	558m	542m	624m
Short-Term Debt	75m	0	0	0	111m	111m	0	0	0	0
Current Portion of Long-Term Debt	1.9B	202m	202m	202m	133m	116m	122m	122m	121m	19m
Other Current Liabilities	452m	488m	57m	65m	106m	0	248m	2.6B	251m	81m
Total Current Liabilities	5.4B	3.9B	4.1B	4B	4.6B	3.4B	5.6B	8.9B	6.6B	7B
Long-Term Debt	6.6B	5B	5B	5B	5B	5B	5.1B	4B	4B	4B
Deferred Income Tax	4.2B	4.1B	4.2B	5.1B	4.7B	4.2B	4.5B	4.7B	4.5B	4.6B
Other Liabilities	3.6B	3.7B	3.8B	2.9B	3.6B	4.1B	3.9B	3.5B	3.9B	3.9B
Total Liabilities	19.7B	16.6B	17.2B	17B	17.9B	16.6B	19B	21.1B	19B	19.5B
Common Stock	1.6B	1.6B	1.5B	1.4B	1.4B	1.4B	1.3B	1.1B	992m	942m
Retained Earnings	23.7B	25.4B	24.7B	24.6B	24.8B	22.1B	21.7B	21.8B	21.9B	22.7B
Other Equity	(1.8B)	(1.9B)	(1.8B)	(1.5B)	(1.9B)	(2B)	(1.2B)	(512m)	(677m)	(214m)
Total Equity	23.4B	25B	24.4B	24.5B	24.3B	21.4B	21.7B	22.4B	22.2B	23.5B
Total Liabilities & Equity	43.2B	41.7B	41.6B	41.5B	42.2B	38B	40.8B	43.5B	41.2B	42.9B
Common Shares Outstanding	848m	847.6m	831.2m	782.6m	743.9m	734.1m	678.1m	584.2m	535.8m	509m