Company: IMO
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000049938-25-000070
Chunk: 0

Company: IMPERIAL OIL LTD
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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 consolidated financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (GAAP) and follow the same accounting policies and methods of computation as, and should be read in conjunction with, the most recent annual consolidated financial statements filed with the U. S. Securities and Exchange Commission (SEC) in the company’s 2024 annual report on Form 10-K. In the opinion of the company, the information furnished herein reflects all known accruals and adjustments necessary for a fair statement of the results for the periods reported herein. All such adjustments are of a normal recurring nature.

The company’s exploration and production activities are accounted for under the “successful efforts” method.

Amounts for related party revenues and purchases for the three months ended September 30, 2024 have been revised from $ 2,999 3,755 1,199 1,955 8,674 10,829 3,022 5,177

The results for the nine months ended September 30, 2025, are not necessarily indicative of the operations to be expected for the full year.

All amounts are in Canadian dollars unless otherwise indicated.

  IMPERIAL OIL LIMITED  

Note 2. Business segments

  Third Quarter                                       Upstream                            Downstream                Chemical            
  millions of Canadian dollars                            2025                                  2025      2024          2025      2024  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenues and other income                                                                                                             
  Revenues (a) (b)                                          72                                                           247       194  
  Intersegment sales                                                4,034      4,583                                      96        60  
  Investment and other income (note 3)                       3                                    31        11             —         1  
  Total revenues and other income                                   4,109      4,609                                     343       255  
  Expenses                                                                                                                              
  Exploration                                                1                                     —         —             —         —  
  Purchases of crude oil and products                               1,612      1,766                                     231       157  
  Production and manufacturing                                      1,098      1,050             462       423            58        36  
  Selling and general (note 11)                              —                                   169       170            22        22  
  Federal excise tax and fuel charge                         —