Demand and volumemixed · 4 filings
“Lower petroleum product sales were primarily due to lower volumes in the supply channel.”10-Q · May 4, 2026 ↗
Imperial Oil Limited
IMO
Market read
Imperial Oil Limited's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
Company-0.6% todayVolume comparison unavailable
Market group0 of 14 activeOil & Gas · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Reported volume was lower because production at Kearl and Syncrude was lower, creating a specific operating comparison for future reports.
Invalidation: The isolated read changes if IMO's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Reported volume was lower because production at Kearl and Syncrude was lower, creating a specific operating comparison for future reports.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements54
Verified relationships4
Evidence supporting the case
- Operating cash flow covered net income at 2.05x in the latest annual period.
- Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Latest annual revenue changed -8.6% year over year.
- Net margin changed -2.4 percentage points in the latest annual period.
- Energy and commodity prices has repeated adverse evidence across 4 filings.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 10, 2026
130.836m+8.8%12m+46.1%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$37.6B+67.9%$3.48-3.0%
2022-12-31$59.7B+58.7%$11.44-10.1%
2023-12-31$51.0B-14.6%$8.49-10.2%
2024-12-31$51.5B+1.1%$9.03-7.9%
2025-12-31$47.1B-8.6%$6.48-5.0%
What management says matters
Persistent and emerging business drivers
Energy and commodity pricesnegative · 4 filings
“Synthetic crude oil realizations decreased by $2.66 per barrel, primarily driven by a weaker Synthetic/WTI spread.”10-Q · May 4, 2026 ↗
Pricing and mixnegative · 1 filings
“In 2023, upward revisions of proved bitumen of 0.1 billion barrels were driven by lower royalty obligations associated with lower pricing and minor technical revisions at Cold Lake and Kearl.”10-K · Feb 18, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
130.83-0.6% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for IMO. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for IMO. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind IMO
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
XOMExxonMobil Holdings CorporationsupplierFeb 18, 2026 ▾
“The product, a blend of bitumen and diluent, is typically shipped to the company’s refineries, Exxon Mobil Corporation refineries and to other third parties.”
XOMExxonMobil Holdings CorporationinvesteeFeb 18, 2026 ▾
“Exxon Mobil Corporation ("ExxonMobil") owns approximately 69.6 percent of the outstanding shares of the company.”
Depended on by
XOMExxonMobil Holdings CorporationinvesteeFeb 18, 2026 ▾
“Imperial Oil Limited is the owner of a 25 percent interest in the joint venture.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
IMO is currently a Follower in the organic co-movement group Oil & Gas. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.