Company: IMO
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000049938-25-000070
Chunk: 8

Company: IMPERIAL OIL LTD
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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Net income (loss)" within the company’s Consolidated statement of income. Management uses these figures to improve comparability of the underlying business across multiple periods by isolating and removing significant non-operational events from business results. The company believes this view provides investors increased transparency into business results and trends, and provides investors with a view of the business as seen through the eyes of management. Net income (loss) excluding identified items is not meant to be viewed in isolation or as a substitute for net income (loss) as prepared in accordance with U. S. GAAP. All identified items are presented on an after-tax basis.

Reconciliation of net income (loss) excluding identified items

                                                           Third Quarter                 Nine Months                        
  millions of Canadian dollars                                      2025                        2025                        
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  From Imperial's Consolidated statement of income                                                                          
  Net income (loss) (U. S. GAAP)                                     539      1,237                       2,776      3,565  
  Less identified items included in Net income (loss)                                                                       
  Impairments                                                      (306)                       (306)                        
  Restructuring charges                                            (249)                       (249)                        
  Subtotal of identified items                                     (555)                       (555)                        
  Net income (loss) excluding identified items                                1,237                       3,331      3,565  

  IMPERIAL OIL LIMITED  

Forward-looking statements

Statements of future events or conditions in this report, including projections, targets, expectations, estimates, and business plans are forward-looking statements. Forward-looking statements can be identified by words such as believe, anticipate, intend, propose, plan, goal, seek, project, predict, target, estimate, expect, strategy, outlook, schedule, future, continue, likely, may, should, will and similar references to future periods. Forward-looking statements in this release include, but are not limited to, references to the company’s purchases under the normal course issuer bid and plans to accelerate completion prior to year end; the use of derivative instruments and effectiveness of risk mitigation; and the continued evaluation of the company’s share purchase program in the context of overall capital activities.

Forward-looking statements are based on the company's current expectations, estimates, projections and assumptions at the time the statements are made. Actual future financial and operating results, including expectations and assumptions concerning future energy demand, supply and mix; production rates