The earnings call highlighted strong operational achievements, including record production levels and successful project completions, while also addressing declines in net income and challenges in downstream and chemical segments. The company's focus on returning value to shareholders through accelerated share repurchases underscores a commitment to maintaining financial strength despite market volatility.

Company Guidance -

Q3 2025

During Imperial Oil's Second Quarter 2025 Earnings Call, the company highlighted robust financial performance and strategic advancements. The quarter saw cash flow from operations reach nearly $1.5 billion, with a net income of $949 million, despite a $184 million decrease from Q2 2024 due to lower upstream realizations. Imperial ended the quarter with approximately $2.4 billion in cash. Upstream production averaged 427,000 barrels per day, the highest second-quarter production in over 30 years. The Kearl operations set a production record, and the Cold Lake SAGD redevelopment project began steaming, with first production expected later in the year. Capital expenditures totaled $473 million, with significant investments in sustaining capital at Kearl, Syncrude, and Cold Lake. The company also completed construction of a renewable diesel facility at Strathcona, commencing production in July. Additionally, Imperial announced plans to accelerate share repurchases through its NCIB and maintain a reliable and growing dividend, highlighting a strong commitment to shareholder returns.

Strong Cash Flow and Financial Position

Generated cash flow from operations of nearly $1.5 billion and ended the quarter with approximately $2.4 billion of cash on hand.

Record Production Volumes

Upstream production for the quarter averaged 427,000 oil equivalent barrels per day, marking the highest second quarter production in over 30 years.

Successful Kearl Turnaround

Completed the Kearl turnaround safely and successfully in under 19 days, contributing to a second quarter production record of 275,000 barrels per day gross.

Renewable Diesel Facility Completion

Completed construction of the renewable diesel facility at Strathcona, with first production beginning in July.

Increased Shareholder Returns

Announced acceleration of share repurchases through the NCIB, planning to complete the program by year-end.

Imperial Oil (IMO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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IMO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 31, 2025	2025 (Q3)	1.34 / -	1.688	―	―	―
Aug 01, 2025	2025 (Q2)	1.18 / 1.35	1.529	-11.85% (-0.18)	―
May 02, 2025	2025 (Q1)	1.57 / 1.83	1.616	13.00% (+0.21)	―
Jan 31, 2025	2024 (Q4)	1.50 / 1.72	1.79	-4.05% (-0.07)	―
Nov 01, 2024	2024 (Q3)	1.49 / 1.69	2	-15.58% (-0.31)	―
Aug 02, 2024	2024 (Q2)	1.42 / 1.53	0.833	83.48% (+0.70)	―
Apr 26, 2024	2024 (Q1)	1.50 / 1.62	1.543	4.69% (+0.07)	―
Feb 02, 2024	2023 (Q4)	1.54 / 1.79	2.049	-12.66% (-0.26)	―
Oct 27, 2023	2023 (Q3)	1.85 / 2.00	2.107	-5.09% (-0.11)	―
Jul 28, 2023	2023 (Q2)	0.80 / 0.83	2.63	-68.32% (-1.80)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IMO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 01, 2025	$83.47	$83.32	-0.18%
May 02, 2025	$67.58	$68.29	+1.05%
Jan 31, 2025	$70.40	$65.66	-6.73%
Nov 01, 2024	$72.96	$69.28	-5.04%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.