Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves. The Downstream segment is involved in the transportation and refining of crude oil, blending of refined products and the distribution, and marketing of refined products. It also transports crude oil to refineries by contracted pipelines, common carrier pipelines, and rail; maintains a distribution system to move petroleum products to market by pipeline, tanker, rail, and road transport; and owns and operates fuel terminals, natural gas liquids, and products pipelines in Alberta, Manitoba, and Ontario. In addition, this segment markets and supplies petroleum products to motoring public through approximately 2,400 Esso and Mobil-branded sites. Further, it sells petroleum products, including fuel, asphalt, and lubricants for industrial and transportation customers, independent marketers, and resellers, as well as other refiners serving the agriculture, residential heating, and commercial markets through branded fuel and lubricant resellers. The Chemical segment manufactures and markets various petrochemicals, benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin. Imperial Oil Limited has a strategic agreement with E3 Metals Corp. to advance a lithium-extraction pilot in Alberta. The company was incorporated in 1880 and is headquartered in Calgary, Canada. Imperial Oil Limited is a subsidiary of Exxon Mobil Corporation.

Imperial Oil Limited

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Assets	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Cash and Cash Equivalents	2,386	979	2,020	864	2,376	3,749
Cash and Cash Equivalents
Total Cash and Cash Equivalents	2,386	979	2,020	864	2,376	3,749
Accounts Receivable	5,602	5,758	6,070	4,482	4,585	4,719
Accounts Receivable - Net
Total Trade Receivables	5,602	5,758	6,070	4,482	4,585	4,719
Inventories	1,642	1,642	1,889	1,944	1,460	1,514
Inventories of Crude Oil and Products
Other Current Assets	1,028	975	1,017	1,008	869	754
Materials, Supplies and Prepaid Expenses
Deferred Income Tax Assets
Total Current Assets	10,658	9,354	10,996	8,298	9,290	10,736
Total Current Assets
Net Property, Plant & Equipment	30,668	30,807	30,843	30,835	30,479	30,506
Property, Plant and Equipment - Net
Net Intangible Assets	1,592	1,527	1,054	838	1,193	1,223
Other Assets, Including Intangibles - Net
Goodwill	166	166	166	166	166	166
Goodwill
Long-Term Investments	—	1,084	—	—	—	—
Investments and Long-Term Receivables
Other Long-Term Assets	1,094	—	1,076	1,062	998	893
Long-Term Receivables, Investments and Other Long-Term Assets
Assets Held for Sale
Total Assets	44,178	42,938	44,135	41,199	42,126	43,524
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Accounts Payable	6,710	6,907	7,665	6,231	5,923	6,194
Accounts Payable and Accrued Liabilities
Accrued Expenses	—	81	90	251	184	2,582
Income Taxes Payable
Short-Term Debt	19	19	118	121	122	122
Notes and Loans Payable
Total Current Liabilities	6,729	7,007	7,873	6,603	6,229	8,898
Total Current Liabilities
Long-Term Debt	3,983	3,992	4,001	4,011	4,022	4,033
Long-Term Debt
Other Long-Term Liabilities	8,467	8,466	8,325	8,363	8,047	8,180
Other Long-Term Obligations
Deferred Income Tax Liabilities
Total Long-Term Liabilities	12,450	12,458	12,326	12,374	12,069	12,213
Total Liabilities	19,179	19,465	20,199	18,977	18,298	21,111
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Common Stock	942	942	992	992	1,079	1,079
Common Shares at Stated Value
Accumulated Other Comprehensive Income	-192	-214	-648	-677	-471	-512
Accumulated Other Comprehensive Income (Loss)
Retained Earnings	24,249	22,745	23,592	21,907	23,220	21,846
Earnings Reinvested
Total Common Shareholders' Equity	24,999	23,473	23,936	22,222	23,828	22,413
Total Shareholders' Equity	24,999	23,473	23,936	22,222	23,828	22,413
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity	44,178	42,938	44,135	41,199	42,126	43,524
Total Liabilities and Shareholders' Equity