XML 35 R18.htm IDEA: XBRL DOCUMENT
v3.25.2

Common shares | 6 Months Ended
--- | ---
Jun. 30, 2025
Equity [Abstract] |
Common shares | Common shares
| As at Jun 30 | As at Dec 31
thousands of shares | 2025 | 2024
Authorized | 1,100,000 |  | 1,100,000 |
Outstanding | 509,045 |  | 509,045 |
The current 12-month normal course issuer bid program came into effect June 29, 2025 under which Imperial will continue its existing share purchase program. The program enables the company to purchase up to a maximum of 25,452,248 common shares (5 percent of the total shares on June 15, 2025) which includes shares purchased under the normal course issuer bid from Exxon Mobil Corporation. As in the past, Exxon Mobil Corporation has advised the company that it intends to participate to maintain its ownership percentage at approximately 69.6 percent. Imperial plans to accelerate its share purchases under the normal course issuer bid program, and anticipates repurchasing all remaining allowable shares prior to year end. Purchase plans may be modified at any time without prior notice. The excess of the purchase cost over the stated value of shares purchased has been recorded as a distribution of earnings reinvested. The company’s common share activities are summarized below:
| Thousands of shares | Millions of dollars
Balance as at December 31, 2023 | 535,837 |  | 992 |
Purchases at stated value | (26,792) |  | (50) |
Balance as at December 31, 2024 | 509,045 |  | 942 |
Purchases at stated value | — |  | — |
Balance as at June 30, 2025 | 509,045 |  | 942 |
The following table provides the calculation of basic and diluted earnings per common share and the dividends declared by the company on its outstanding common shares:
| Second Quarter | Six Months to June 30
| 2025 | 2024 | 2025 | 2024
Net income (loss) per common share – basic |  |  |  |
Net income (loss) (millions of Canadian dollars) | 949 | 1,133 | 2,237 | 2,328
Weighted-average number of common shares outstanding (millions of shares) | 509.0 | 535.8 | 509.0 | 535.8
Net income (loss) per common share (dollars) | 1.86 | 2.11 | 4.39 | 4.34
Net income (loss) per common share – diluted |  |  |  |
Net income (loss) (millions of Canadian dollars) | 949 | 1,133 | 2,237 | 2,328
Weighted-average number of common shares outstanding (millions of shares) | 509.0 | 535.8 | 509.0 | 535.8
Effect of employee share-based awards (millions of shares) | 1.3 | 1.2 | 1.2 | 1.2
Weighted-average number of common shares outstanding, assuming dilution (millions of shares) | 510.3 | 537.0 | 510.2 | 537.0
Net income (loss) per common share (dollars) | 1.86 | 2.11 | 4.38 | 4.34
Dividends per common share – declared (dollars) | 0.72 | 0.60 | 1.44 | 1.20

X
- Definition Common share information and schedule of earnings per share calculations + References No definition available. + Details
Name: | imo_CommonShareInformationAndScheduleOfEarningsPerShareCalculationsTextBlock
Namespace Prefix: | imo_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration