Imperial Oil Ltd (IMO) is an integrated oil and gas company that explores for, produces, refines, and markets petroleum products in Canada. It generates revenue through three segments: Upstream, which produces crude oil and natural gas; Downstream, which refines crude into fuels and distributes them through marketing channels; and Chemical, which produces and sells chemical products. The Upstream segment includes oil sands operations at Cold Lake as well as conventional and unconventional resource development. The Downstream segment covers supply and trading, transportation, refining, and marketing of refined petroleum products. Imperial Oil files with the SEC under the Securities Exchange Act of 1934 and registers its Common Shares (without par value) under Section 12(g). The company is headquartered in Canada and is a well-known seasoned issuer as of the 10-K filed February 18, 2026.

Revenue model

Transactional revenue from the sale of crude oil, natural gas, refined petroleum products, and chemical products across Upstream, Downstream, and Chemical segments.

Products and services

Crude oil and bitumen production (including Cold Lake oil sands); refined petroleum products (fuels and related products); chemical products; supply and trading activities.

Customers and end markets

End markets include transportation fuels, industrial energy, and chemical inputs. Specific customer concentration data is not disclosed in the available filing excerpts.

Value-chain role

Vertically integrated: upstream exploration and production, midstream transportation, downstream refining, and retail/wholesale marketing of petroleum and chemical products.

Geographic exposure

Canada-focused operations, including Cold Lake oil sands, Beaufort Sea licences, and domestic refining and distribution networks. Geographic revenue breakdown not disclosed in the available filing excerpts.

Source: SEC 10-K, filed 2026-02-18

Industry: Petroleum Refining