Energy · Oil & Gas Integrated
Price
$113.24
Market Cap
$56.3B
Employees
5,100
Beta
0.80
Avg Volume
605,677
CEO
John R. Whelan
Business Description
Imperial Oil Limited (IMO) is a Canadian energy company primarily engaged in the discovery, extraction, and commercialization of crude oil and natural gas. Its operations are structured into three main divisions: Upstream, Downstream, and Chemical. The Upstream segment is dedicated to exploring for and producing various hydrocarbons, including crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this division reported 386 million oil-equivalent barrels in proven undeveloped reserves. The Downstream segment oversees the transportation and refinement of crude oil, the blending of refined petroleum products, and their subsequent distribution and marketing. It employs a diverse transportation network, including contracted and common carrier pipelines, as well as rail, to move crude oil to its refineries. For product distribution, it utilizes pipelines, tankers, rail, and road transport, and owns and operates fuel terminals, natural gas liquids facilities, and product pipelines in Alberta, Manitoba, and Ontario. This segment also supplies petroleum products to the general public through roughly 2,400 Esso and Mobil-branded retail locations. Additionally, it sells a variety of petroleum products, such as fuel, asphalt, and lubricants, to industrial and transportation clients, independent marketers, and resellers, catering to the agriculture, residential heating, and commercial markets via branded distributors. The Chemical segment focuses on manufacturing and commercializing a range of petrochemicals, including benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin. Imperial Oil has also formed a strategic alliance with E3 Metals Corp. to advance a lithium-extraction pilot project in Alberta. The company was founded in 1880, is headquartered in Calgary, Canada, and functions as a subsidiary of Exxon Mobil Corporation.
Business History
Price Overview
Last updated: Jun 27, 2026 9:00am (just now)$113.24
-0.04 (-0.04%)
Day Range
$112.33 – $113.93
52-Week Range
$78.37 – $139.44
50-Day MA
$125.05
200-Day MA
$108.03
Volume
442,052.00
Analyst Price Targets
Low
$42.97
Consensus
$44.99
High
$47.00
(2 analysts)
Share Structure
Outstanding
497,238,002.00
Float
146,963,912.00
Free Float
29.6%
Low free float
— 29.6% of shares trade freely, ~70.4% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
24.87
Stock Price: $113.24
EPS (Diluted): 6.49
EPS (Diluted): 6.49
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.68
Stock Price: $113.24
Total Equity: $22.25B
Shares: 504,000,000
Total Equity: $22.25B
Shares: 504,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
11.57
Market Cap: $56.31B
Total Debt: $3.70B
Cash: $1.14B
EBITDA: $6.84B
Total Debt: $3.70B
Cash: $1.14B
EBITDA: $6.84B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$62.9B
Market Cap: $56.31B
Total Debt: $3.70B
Cash: $1.14B
Total Debt: $3.70B
Cash: $1.14B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
21.2%
Gross Profit: $10.00B
Revenue: $47.08B
Revenue: $47.08B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
9.0%
Operating Income: $4.26B
Revenue: $47.08B
Revenue: $47.08B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
6.9%
Net Income: $3.27B
Revenue: $47.08B
Revenue: $47.08B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
13.4%
Net Income: $3.27B
Total Equity: $22.25B
Total Equity: $22.25B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
9.5%
Operating Income: $4.26B
Tax Rate: 23.3%
Equity: $22.25B
Total Debt: $3.70B
Cash: $1.14B
Tax Rate: 23.3%
Equity: $22.25B
Total Debt: $3.70B
Cash: $1.14B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.27
Current Assets: $8.42B
Current Liabilities: $6.62B
Current Liabilities: $6.62B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.17
Short-Term Debt: $106.00M
Long-Term Debt: $3.60B
Total Debt: $3.70B
Total Equity: $22.25B
Long-Term Debt: $3.60B
Total Debt: $3.70B
Total Equity: $22.25B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$93.41
Revenue: $47.08B
Shares: 504,000,000
Shares: 504,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$44.15
Total Equity: $22.25B
Shares: 504,000,000
Shares: 504,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$9.33
Operating CF: $6.71B
CapEx: -$2.01B
Shares: 504,000,000
CapEx: -$2.01B
Shares: 504,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
2.3%
Last Dividend: N/A
Stock Price: $113.24
Stock Price: $113.24
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $3.27B
Net Income: $3.27B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares IMO against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:47pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $37.5B | $59.5B | $50.9B | $51.5B | $47.1B |
| Cost of Revenue | $31.4B | $47.3B | $41.7B | $42.3B | $37.1B |
| Gross Profit | $6.1B | $12.2B | $9.2B | $9.2B | $10.0B |
| Operating Expenses | $947.0M | $978.0M | $1.0B | $1.1B | $5.7B |
| Operating Income | $5.1B | $11.2B | $8.2B | $8.1B | $4.3B |
| Net Income | $2.5B | $7.3B | $4.9B | $4.8B | $3.3B |
| EBITDA | $5.2B | $11.3B | $8.3B | $8.2B | $6.8B |
| EPS | $3.48 | $11.47 | $8.51 | $9.05 | $6.49 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:47pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.2B | $3.7B | $864.0M | $979.0M | $1.1B |
| Total Current Assets | $7.8B | $10.7B | $8.3B | $9.4B | $8.4B |
| Total Assets | $40.8B | $43.5B | $41.2B | $42.9B | $42.3B |
| Current Liabilities | $5.6B | $8.9B | $6.6B | $7.0B | $6.6B |
| Long-Term Debt | $4.4B | $3.4B | $3.4B | $3.4B | $3.6B |
| Total Liabilities | $19.0B | $21.1B | $19.0B | $19.5B | $20.1B |
| Total Equity | $21.7B | $22.4B | $22.2B | $23.5B | $22.3B |
| Retained Earnings | $21.7B | $21.8B | $21.9B | $22.7B | $21.4B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:47pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $5.5B | $10.5B | $3.7B | $6.0B | $6.7B |
| Capital Expenditure | -$1.1B | -$1.5B | -$1.8B | -$1.9B | -$2.0B |
| Free Cash Flow | $4.4B | $9.0B | $1.9B | $4.1B | $4.7B |
| Acquisitions (net) | $81.0M | $904.0M | $86.0M | $25.0M | $101.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$2.2B | -$6.4B | -$3.8B | -$2.7B | -$3.2B |
| Net Change in Cash | $1.4B | $1.6B | -$2.9B | $115.0M | $163.0M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 2:57am (6h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$57.3B $51.9B – $66.9B
|
$53.5B $40.5B – $65.6B
|
$46.7B $35.3B – $57.2B
|
$46.7B $35.3B – $57.3B
|
| EBITDA |
$9.1B $8.3B – $10.7B
|
$8.5B $6.4B – $10.5B
|
$7.4B $5.6B – $9.1B
|
$7.4B $5.6B – $9.1B
|
| Net Income |
$5.6B $4.9B – $6.3B
|
$6.4B $3.4B – $6.8B
|
$6.0B $4.1B – $7.7B
|
$5.8B $3.9B – $7.5B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:47pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +58.7% | -14.5% | +1.2% | -8.6% |
| Gross Profit Growth | +100.1% | -24.4% | -0.2% | +8.7% |
| Operating Income Growth | +117.9% | -27.0% | -0.7% | -47.6% |
| Net Income Growth | +196.1% | -33.4% | -2.0% | -31.8% |
| EBITDA Growth | +115.7% | -26.7% | -0.3% | -17.0% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:47pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-04 | $0.63 | 2026-05-01 | 2026-06-04 | 2026-07-01 |
| 2026-03-05 | $0.64 | 2026-01-30 | 2026-03-05 | 2026-04-01 |
| 2025-12-03 | $0.52 | 2025-10-31 | 2025-12-03 | 2026-01-01 |
| 2025-09-04 | $0.52 | 2025-08-01 | 2025-09-04 | 2025-10-01 |
| 2025-06-04 | $0.53 | 2025-05-02 | 2025-06-04 | 2025-07-01 |
| 2025-03-05 | $0.50 | 2025-01-31 | 2025-03-05 | 2025-04-01 |
| 2024-12-03 | $0.43 | 2024-11-01 | 2024-12-03 | 2025-01-01 |
| 2024-09-04 | $0.44 | 2024-08-02 | 2024-09-04 | 2024-10-01 |
| 2024-06-03 | $0.44 | 2024-04-26 | 2024-06-03 | 2024-07-01 |
| 2024-03-01 | $0.44 | 2024-02-02 | 2024-03-04 | 2024-04-01 |
| 2023-11-30 | $0.37 | 2023-10-27 | 2023-12-01 | 2024-01-01 |
| 2023-08-31 | $0.37 | 2023-07-28 | 2023-09-01 | 2023-10-01 |
| 2023-06-01 | $0.37 | 2023-04-28 | 2023-06-02 | 2023-07-01 |
| 2023-03-02 | $0.32 | 2023-01-31 | 2023-03-03 | 2023-04-01 |
| 2022-12-01 | $0.33 | 2022-10-28 | 2022-12-02 | 2023-01-01 |
| 2022-09-01 | $0.26 | 2022-07-29 | 2022-09-02 | 2022-10-01 |
| 2022-06-01 | $0.27 | 2022-04-29 | 2022-06-02 | 2022-07-01 |
| 2022-03-02 | $0.27 | 2022-02-01 | 2022-03-03 | 2022-04-01 |
| 2021-12-02 | $0.21 | 2021-10-29 | 2021-12-03 | 2022-01-01 |
| 2021-09-02 | $0.21 | 2021-07-30 | 2021-09-03 | 2021-10-01 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for IMO — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30