MARKETS / NYSE / Energy / Petroleum refining / IMO

NYSE · PETROLEUM REFINING · LARGE CAP

Imperial OIL Ltd. IMO

19 fiscal years on record · CAD · FY2025 reported · SEC filings only

18 YEARS OF DIVIDEND GROWTH

Revenue

CAD 47.1B

▼ 8.6% YoY

Net income

CAD 3.3B

▼ 31.8% YoY

Free cash flow

CAD 4.7B

▲ 14.3% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Imperial Oil Limited is active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil and natural gas. It also pursues lower-emission business opportunities including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. At the end of 2025, it had about 5,000 regular employees. Operations are conducted in three main segments: Upstream, which includes the exploration for and production of crude oil, natural gas, synthetic crude oil and bitumen; Downstream, which consists of the transportation and refining of crude oil, the blending of refined products and the distribution and marketing of those products; and Chemical, which consists of the manufacturing and marketing of various petrochemicals. It owns and operates three refineries, which process predominantly Canadian crude oil. The company markets petroleum products throughout Canada, most notably under the Esso and Mobil brands. Exxon Mobil Corporation owns approximately 69.6 percent of the outstanding shares of the company. Imperial Oil Limited was incorporated under the laws of Canada in 1880, and its head and principal office is located in Calgary, Alberta.

Written from the business description in IMPERIAL OIL LTD's annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

CAD 47.1B

Revenue, FY2025 · full 19-year series below

Revenue CAD B Net income CAD B

FY2025 · Revenue 47.1 · Net income 3.3

25.0B50.0B

2007201020132016201920222025

Compound annual growth

Revenue

−7.6%

+16.0%

Net income

−23.6%

+11.3%

+2.6%

EPS, diluted

−17.3%

+17.2%

+6.3%

Dividend / share

+25.4%

+26.8%

+18.2%

+13.5%

Returned to shareholders

−13.8%

+38.1%

+26.3%

+18.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +16.0% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 9.1% · Net 6.9%

50%100%

200720162025

ROE

FY2025 · ROE 14.3%

20%40%-5%

200720162025

Three returns, three denominators.

Return on equity14.3%

Return on assets7.7%

Return on capital employedNot available: we don't have a clean operating profit figure for this period.

Gross margin·

Operating margin9.1%

Net margin6.9%

EBITDACAD 6.8B

Each CAD of equity produced 14 cents of profit this year.

Cash & shareholders

CAD 4.6B

returned in FY2025 · dividends + net buybacks

Free cash flow CAD B

FY2025 · FCF 4.7

4B8B-2B-3B

200720162025

Net buybacks CAD B Dividends CAD B

FY2025 · Dividends 1.4 · Net buybacks 3.2

3B6BDividendsNet buybacks

2007201020132016201920222025

Dividends paidCAD 1.4B

Net buybacksCAD 3.2B

Share of profit141.8%

Consecutive raises18 years

CAD 1.4B in dividends and CAD 3.2B in buybacks — 142% of the year's profit, so the payout drew on cash built up earlier.

Total assetsCAD 42.3B

EquityCAD 22.3B

CashCAD 1.1B

Gross debtCAD 3.5B

Net debtCAD 2.3B

Current ratio1.27×

Net debt stands at 10% of equity.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · CAD

row low → row highnegative—not applicable◌not available in our data

IMO, 19-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue CAD B	47.1	51.5	51.0	59.7	37.6	22.4	◌	◌	◌	◌	◌	◌	◌	4.4	4.2	3.6	3.5	◌	◌
Operating income CAD B	4.3	6.2	6.4	9.5	3.3	−2.4	2.0	3.1	0.6	2.4	1.9	5.0	3.7	5.0	4.4	3.0	2.2	◌	◌
EBITDA CAD B	6.8	8.2	8.3	11.4	5.3	0.9	3.6	4.6	2.8	4.1	3.4	6.1	4.8	5.8	5.2	3.7	3.0	◌	◌
Income tax CAD B	1.0	1.4	1.5	2.1	0.8	−0.6	−0.2	0.8	0.1	0.3	0.8	1.2	0.9	1.2	1.0	0.7	0.6	1.4	1.2
Net income CAD B	3.3	4.8	4.9	7.3	2.5	−1.9	2.2	2.3	0.5	2.2	1.1	3.8	2.8	3.8	3.4	2.2	1.6	3.9	3.2
Free cash flow CAD B	4.7	4.1	1.9	9.0	4.4	−0.1	2.8	2.4	1.8	0.9	−0.8	−0.9	−3.0	−0.8	0.6	−0.6	−0.7	3.0	2.7
EPS, diluted CAD	6.48	9.03	8.49	11.44	3.48	−2.53	2.88	2.86	0.58	2.55	1.32	4.45	3.32	4.42	3.95	2.59	1.84	4.36	3.41
Dividend / sh CAD	2.88	2.40	1.94	1.46	1.03	0.88	0.85	0.73	0.63	0.59	0.54	0.52	0.49	0.48	0.44	0.43	0.40	0.38	0.35
Payout %	43	26	23	12	28	−35	29	25	107	23	40	12	14	11	11	16	22	9	10
ROE %	14.3	21.0	21.9	33.3	11.5	−8.1	9.0	9.5	2.0	8.9	4.9	18.0	15.8	25.4	27.5	21.4	17.1	45.7	40.2
Shares out B	0.48	0.51	0.54	0.58	0.68	0.73	0.74	0.78	0.83	0.85	0.85	0.85	0.85	0.85	0.85	0.85	0.85	0.86	0.90

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

Imperial OIL Ltd.vsSuncor Energy Inc.Same industry: Petroleum Refining

Other companies filing in the same sector

XOM · SHEL · TTE · BP · CVX · MPC

Provenance

Company facts, as filed

How we verify · 0 failures in 72 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008. One check was skipped: the share count is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityPetroleum Refining

Listed onNYSE

Incorporated innot stated in the filings

Fiscal year endsDecember 31

Data on record since2007

Imperial OIL Ltd. IMO

What this company does

Growth↗ Share

Profitability↗ Share

Cash & shareholders↗ Share

The 19-year record

This company against its peers

Other companies filing in the same sector

Company facts, as filed

Growth

Profitability

Cash & shareholders