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Canadian integrated oil company (majority owned by ExxonMobil) with oil-sands production, refining and Esso-branded retail fuel.
Canadian integrated oil company (majority owned by ExxonMobil) with oil-sands production, refining and Esso-branded retail fuel.
Sells its oil-sands output as crude at prices set in world markets, while its refineries and chemical plants turn part of each barrel into fuels and petrochemicals, so earnings come from both ends of the chain. Kearl is an open-pit mine and Cold Lake uses steam wells; Imperial also operates the Syncrude mine for its owners.
In one line: ExxonMobil's Canadian arm.
Moat: narrow (scale, installed base, distribution). Long-life, low-decline oil-sands assets and ExxonMobil technology/operational backing.
Headquarters: Calgary, Alberta, Canada · Founded: 1880 · Employees: 5,000
Size Imperial Oil (IMO.TO) is a Canada Energy company (Integrated Oil) with a market value of $59.5B, the 18th largest of 420 Canada companies the cockpit tracks. Shares closed at C$176.67 on 6 Nov 2026.
Performance Over six months the shares gained 2.8%, against -0.3% for the median peer and +5.2% for the Canada market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 18.7% over the last twelve months (peer median +15.0%); the operating margin is 14.0% (peer median 24.0%).
Valuation It trades at 10.5× forward earnings against a peer median of 7.7× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.8 points above its cost of capital (8.1% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$54.9B | C$45.2B | C$48.8B | C$48.3B | C$57.2B |
| Revenue growth | — | -8% | +1% | -16% | — |
| Gross profit | C$8.85B | C$5.50B | C$7.05B | C$7.11B | C$10.2B |
| EBITDA | C$9.86B | C$6.86B | C$8.26B | C$8.29B | C$11.3B |
| Net income | C$6.08B | C$3.27B | C$4.79B | C$4.89B | C$7.34B |
| Free cash flow | C$6.31B | C$4.70B | C$4.11B | C$1.95B | C$8.96B |
| Capital expenditure | C$2.30B | C$2.00B | C$1.87B | C$1.78B | C$1.53B |
| Total debt | C$4.23B | C$4.23B | C$4.25B | C$4.33B | C$4.41B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Imperial Oil IMO.TO | $59.5B | +3% | +19% | 14% | 10.5× | -0.2% |
| Suncor Energy SU.TO | $81.0B | +12% | +27% | 24% | 8.6× | -11.7% |
| Canadian Natural Resources CNQ.TO | $101B | +12% | +18% | 27% | 10.3× | 2.8% |
| Cenovus Energy CVE.TO | $50.2B | 0% | +12% | 21% | 6.7× | -14.4% |
| ExxonMobil XOM | $677B | +16% | +21% | 14% | 11.8× | -5.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IMO.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.7% | -5.6% | 3rd highest of 21 |
| 6-month return | +2.8% | -0.3% | 9th highest of 21 |
| Distance from 52-week high | -9.0% | -18.9% | 2nd highest of 21 |
| Revenue growth (TTM) | +18.7% | +15.0% | 7th highest of 21 |
| Operating margin | 14.0% | 24.0% | 5th lowest of 21 |
| Forward P/E | 10.5× | 7.7× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -0.2% | -12.6% | 3rd most demanding of 20 |
| Growth delivered (Del g) | +17.1% | +18.1% | 9th lowest of 20 |
| Hurdle (Req g minus delivered) | -17.3 pp | -30.6 pp | 3rd most demanding of 20 |
| ROIC minus cost of capital | +13.8 pp | +8.9 pp | 6th highest of 21 |
| EV / EBITDA | 8.6× | 4.2× | most expensive of 21 |
| Net debt / EBITDA | 0.1× | 0.8× | 4th least indebted of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Imperial Oil IMO.TO | Canada | $59.5B | +3% | +19% | 14% | 10.5× | -0.2% | +17.1% |
| Occidental Petroleum OXY | United States | $56.4B | +7% | -11% | 23% | 9.1× | -2.5% | +4.7% |
| Cenovus Energy CVE.TO | Canada | $50.2B | 0% | +12% | 21% | 6.7× | -14.4% | +29.7% |
| Devon Energy DVN | United States | $46.4B | -7% | +18% | 24% | 7.6× | 0.9% | +31.5% |
| EOG Resources EOG | United States | $77.2B | +13% | +17% | 35% | 8.3× | -13.5% | +17.9% |
| Suncor Energy SU.TO | Canada | $81.0B | +12% | +27% | 24% | 8.6× | -11.7% | +14.7% |
| Repsol REP.MC | Spain | $36.2B | +34% | +24% | 13% | 4.7× | -20.1% | +10.5% |
| Canadian Natural Resources CNQ.TO | Canada | $101B | +12% | +18% | 27% | 10.3× | 2.8% | +18.1% |
| Equinor EQNR.OL | Norway | $102B | +12% | +2% | 33% | 7.2× | -15.4% | +20.7% |
| Ecopetrol SA Sponsored ADR EC | United States | $32.6B | +23% | +6% | 22% | 6.5× | -6.7% | +15.9% |
| EQT EQT | United States | $30.9B | -12% | +18% | 42% | 16.0× | -1.9% | +25.7% |
| Oil & Natural Gas ONGC.NS | India | $30.8B | -18% | +7% | 9% | 5.6× | -12.6% | +14.9% |
| Bp PLC BP..L | United Kingdom | $116B | +2% | +23% | 13% | 5.4× | -16.3% | +11.7% |
| Petroleo Brasileiro SA Sponsored ADR PBR | United States | $118B | -9% | +21% | 35% | 3.7× | -19.8% | +11.0% |
| Inpex 1605.T | Japan | $25.9B | -16% | -8% | 49% | 7.4× | -14.4% | +21.1% |
| CNOOC 600938.SS | China | $141B | -22% | +7% | 46% | 9.0× | -21.8% | +20.6% |
| Indian Oil IOC.NS | India | $21.9B | 0% | +23% | 7% | 20.8× | -2.3% | +16.4% |
| Aker BP AKRBP.OL | Norway | $21.6B | -8% | +4% | 70% | 7.8× | -15.4% | +32.7% |
| Expand Energy EXE | United States | $19.5B | -11% | +20% | 20% | 10.8× | -7.6% | +20.3% |
| Permian Resources PR | United States | $18.2B | +10% | +13% | 36% | 8.1× | -2.0% | +54.2% |
| YPF SA Sponsored ADR YPF | United States | $17.8B | -9% | -14% | 22% | 4.9× | n/a | n/a |