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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Finance Lease Obligations - Reduction

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Dividends Paid

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Common Shares Purchased

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Issuance of Long-Term Debt

Revenue

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CapEx

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Gross Profit

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Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	539	949	1,288	1,225	1,237	1,133
Net Income
Depreciation & Amortization	911	478	531	529	508	456
Depreciation and Depletion (Includes Impairments)
Other Adjustments	-178	-1	-41	31	51	-76
Gain on Asset Sales
Impairment of Intangible Assets
Inventory Write-Down to Current Market Value
Deferred Income Taxes and Other
Changes in Trade Receivables	444	168	-12	-236	548	-866
Accounts Receivable
Changes in Inventories	-266	201	-254	-217	502	246
Inventories, Materials, Supplies and Prepaid Expenses
Changes in Accounts Payable	2	-317	114	554	-1,313	668
Accounts Payable and Accrued Liabilities
Changes in Income Taxes Payable	18	—	-81	38	-47	73
Income Taxes Payable
Changes in Other Operating Activities	328	-13	-18	4	1	-5
All Other Items - Net
Changes in Operating Assets and Liabilities
Cash from Operating Activities	1,798	1,465	1,527	1,789	1,487	1,629
Cash Flows from Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-504	-471	-398	-423	-486	-461
Additions to Property, Plant and Equipment
Proceeds from Sale of Property, Plant & Equipment	21	2	11	18	—	3
Proceeds from Asset Sales
Purchases of Investments	—	-4	—	—	—	—
Additional Investments
Other Investing Activities	1	1	10	1	2	2
Loans to Equity Company
Loans to Equity Companies - Net
Cash from Investing Activities	-482	-472	-377	-404	-484	-456
Cash Flows from Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	—	—	—	—	—	—
Long-Term Debt Issued
Repayments of Long-Term Debt	-6	-4	-4	-4	-5	-8
Repayment of Long-Term Debt
Finance Lease Obligations - Reduction
Net Issuance / (Repayments) of Long-Term Debt	-6	-4	-4	-4	-5	-8
Repurchases of Common Shares	-1,469	—	-54	-1,475	-1,206	—
Common Shares Purchased
Net Issuance / (Repurchases) of Common Shares	-1,469	—	-54	-1,475	-1,206	—
Common Share Dividends Paid	-366	-367	-307	-317	-322	-321
Dividends Paid
Other Financing Activities	—	—	—	—	—	—
Short-Term Debt - Net
Cash from Financing Activities	-1,841	-371	-365	-1,896	-1,533	-329
Cash Flows from Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	1,294	994	1,129	1,366	1,001	1,168
NOPAT	502.9	932.2	1,247.6	1,181.4	1,211.5	1,117
Levered Free Cash Flow	1,022	823	1,178	1,706	397	2,102
Unlevered Free Cash Flow	991.9	810.2	1,141.6	1,666.4	376.5	2,094
Net Change in Cash	-525	622	785	-511	-530	844