Quarterly ResultAug 3, 2026, 03:06 PM
Imperial Oil Q2 Net Income $2.19B; EPS $4.52
AI Summary
Imperial Oil Limited reported strong financial results for the second quarter of 2026, with net income more than doubling to $2,190 million and diluted EPS rising to $4.52. Revenues and cash flows from operating activities also saw substantial increases. The company announced a new normal course issuer bid program to repurchase shares, while also updating its refinery throughput guidance due to unplanned downtime and logistics challenges.
Key Highlights
- Net income for Q2 2026 increased to $2,190 million, up from $949 million in Q2 2025.
- Diluted earnings per common share for Q2 2026 rose to $4.52, compared to $1.86 in Q2 2025.
- Total revenues and other income for Q2 2026 reached $16,062 million, up from $11,232 million in Q2 2025.
- Cash flows from operating activities for Q2 2026 were $2,704 million, an increase from $1,465 million in Q2 2025.
- Upstream net income for Q2 2026 was $1,299 million, significantly higher than $664 million in Q2 2025.
- Downstream net income for Q2 2026 increased to $787 million, up from $322 million in Q2 2025.
- A new normal course issuer bid was approved to purchase up to 24,179,635 common shares.
- Updated 2026 refinery throughput guidance to 370,000-380,000 barrels per day from 395,000-405,000.
Price Impact
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