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Consolidated Statement Of Income (U.S. GAAP) (CAD)
In Millions, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues and other income      
Operating revenues 36,231imo_OperatingRevenuesIncludingFederalExciseTax [1],[2],[3] 32,722imo_OperatingRevenuesIncludingFederalExciseTax [1],[2],[3] 31,053imo_OperatingRevenuesIncludingFederalExciseTax [1],[2],[3]
Investment and other income (note 8) 735us-gaap_OtherIncome 207us-gaap_OtherIncome 135us-gaap_OtherIncome
Total revenues and other income 36,966imo_TotalRevenuesAndOtherIncome 32,929imo_TotalRevenuesAndOtherIncome 31,188imo_TotalRevenuesAndOtherIncome
Expenses      
Exploration 67us-gaap_ExplorationExpense 123us-gaap_ExplorationExpense 83us-gaap_ExplorationExpense
Purchases of crude oil and products 22,479imo_CrudeOilAndProductPurchases [4] 20,155imo_CrudeOilAndProductPurchases [4] 18,476imo_CrudeOilAndProductPurchases [4]
Production and manufacturing 5,662imo_ProductionAndManufacturingExpenses [5],[6] 5,288imo_ProductionAndManufacturingExpenses [5],[6] 4,457imo_ProductionAndManufacturingExpenses [5],[6]
Selling and general 1,075us-gaap_SellingGeneralAndAdministrativeExpense 1,082us-gaap_SellingGeneralAndAdministrativeExpense 1,081us-gaap_SellingGeneralAndAdministrativeExpense
Federal excise tax 1,562imo_FederalExciseTax [1] 1,423imo_FederalExciseTax [1] 1,338imo_FederalExciseTax [1]
Depreciation and depletion 1,096us-gaap_DepreciationDepletionAndAmortization [6] 1,110us-gaap_DepreciationDepletionAndAmortization [6] 761us-gaap_DepreciationDepletionAndAmortization [6]
Financing costs (note 12) 4us-gaap_InterestExpense [7] 11us-gaap_InterestExpense [7] (1)us-gaap_InterestExpense [7]
Total expenses 31,945us-gaap_CostsAndExpenses 29,192us-gaap_CostsAndExpenses 26,195us-gaap_CostsAndExpenses
Income before income taxes 5,021us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 3,737us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 4,993us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income taxes (note 3) 1,236us-gaap_IncomeTaxExpenseBenefit [8] 909us-gaap_IncomeTaxExpenseBenefit [8] 1,227us-gaap_IncomeTaxExpenseBenefit [8]
Net income 3,785us-gaap_NetIncomeLoss 2,828us-gaap_NetIncomeLoss 3,766us-gaap_NetIncomeLoss
Per-share information (Canadian dollars)      
Net income per common share - basic (note 10) 4.47us-gaap_EarningsPerShareBasic 3.34us-gaap_EarningsPerShareBasic 4.44us-gaap_EarningsPerShareBasic
Net income per common share - diluted (note 10) 4.45us-gaap_EarningsPerShareDiluted 3.32us-gaap_EarningsPerShareDiluted 4.42us-gaap_EarningsPerShareDiluted
Dividends per common share 0.52us-gaap_CommonStockDividendsPerShareDeclared 0.49us-gaap_CommonStockDividendsPerShareDeclared 0.48us-gaap_CommonStockDividendsPerShareDeclared
[1] Operating revenues include federal excise tax of $1,562 million (2013 - $1,423 million, 2012 - $1,338 million).
[2] Operating revenues include amounts from related parties of $3,752 million (2013 - $2,385 million, 2012 - $2,907 million), (note 16).
[3] Includes export sales to the United States of $5,940 million (2013 - $5,217 million, 2012 - $4,358 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.
[4] Purchases of crude oil and products include amounts from related parties of $3,950 million (2013 - $4,104 million, 2012 - $3,033 million), (note 16).
[5] Production and manufacturing expenses include amounts to related parties of $366 million (2013 - $319 million, 2012 - $241 million), (note 16).
[6] A 2013 charge in the Downstream segment of $377 million ($280 million, after-tax) associated with the company's decision to convert the Dartmouth refinery to a terminal included the write-down of refinery plant and equipment not included in the terminal conversion of $245 million, reported as part of depreciation and depletion expenses, and decommissioning, environmental and employee-related costs of $132 million, reported as part of production and manufacturing expenses. By the end of 2014, amounts incurred associated with decommissioning, environmental and employee-related costs totalled $90 million.
[7] Cash interest payments in 2014 were $82 million (2013 - $69 million, 2012 - $20 million). The weighted average interest rate on short-term borrowings in 2014 was 1.1 percent (2013 - 1.1 percent).
[8] Cash outflow from income taxes, plus investment credits earned, was $811 million in 2014 (2013 - $911 million, 2012 - $871 million).