Imperial Oil Limited has announced its third quarter 2025 financial and operating results, showcasing a mix of positive and negative changes compared to the third quarter of 2024. Here are some specific highlights:
- Quarterly net income was $539 million, a decrease from $1,237 million in the third quarter of 2024.
- However, when excluding identified items, net income was $1,094 million, a decrease from $1,237 million in the third quarter of 2024.
- Quarterly cash flows from operating activities were $1,798 million, an increase from $1,487 million in the third quarter of 2024.
- Upstream achieved the highest quarterly production in over 30 years, reaching 462,000 gross oil-equivalent barrels per day, up from 447,000 gross oil-equivalent barrels per day in the third quarter of 2024.
- Kearl achieved the highest-ever quarterly production of 316,000 total gross oil-equivalent barrels per day (224,000 barrels Imperial's share), up from 295,000 barrels per day (209,000 barrels Imperial's share) in the third quarter of 2024.
- Refinery throughput averaged 425,000 barrels per day, up from 389,000 barrels per day in the third quarter of 2024, with a refinery capacity utilization of 98%, up from 90% in the third quarter of 2024.
- The company returned $1,835 million to shareholders in the third quarter of 2025, including $366 million in dividends paid and $1,469 million in share repurchases under the accelerated normal course issuer bid (NCIB) program.
These figures show a mixed performance for Imperial Oil Limited in the third quarter of 2025, with some metrics showing improvement while others experienced declines compared to the same period in 2024. The market has reacted to these announcements by moving the company's shares -1.23% to a price of $91.25. For more information, read the company's full 8-K submission here.
