Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 59

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 59
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 compensation programs978. Investment and other income989. Litigation and other contingencies9810. Common shares9911. Miscellaneous financial information10012. Financing and additional notes and loans payable information10113. Leases10214. Long-term debt10415. Accounting for suspended exploratory well costs10416. Transactions with related parties10517. Other comprehensive income (loss) information10618. Divestment activities106Supplemental information on oil and gas exploration and production activities (unaudited)107

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Financial information (U.S. GAAP) 

millions of Canadian dollars2024 2023 2022 Revenues51,359 50,702 59,413 Net income (loss):Upstream3,262 2,512 3,645 Downstream1,486 2,301 3,622 Chemical171 164 204 Corporate and other(129)(88)(131)Net income (loss)4,790 4,889 7,340 Cash and cash equivalents at year-end979 864 3,749 Total assets at year-end42,938 41,199 43,524 Long-term debt at year-end3,992 4,011 4,033 Total debt at year-end4,011 4,132 4,155 Other long-term obligations at year-end3,870 3,851 3,467 Shareholders’ equity at year-end23,473 22,222 22,413 Cash flow from operating activities5,981 3,734 10,482 Per share information (Canadian dollars)Net income (loss) per common share - basic9.05 8.51 11.47 Net income (loss) per common share - diluted9.03 8.49 11.44 Dividends per common share - declared2.40 1.94 1.46 

45

Frequently used terms

Listed below are definitions of several of the company’s key business and financial performance measures. The definitions are provided to facilitate understanding of the terms and how they are calculated. Certain measures included in this document are not prescribed by U.S. Generally Accepted Accounting Principles (GAAP). These measures constitute "non-GAAP financial measures" under Securities and Exchange Commission Regulation G and Item 10(e) of Regulation S-K, and "specified financial measures" under National Instrument 52-112 Non-GAAP and