$IMO
IMPERIAL OIL LTD

2016 Q3 Form 10-Q Financial Statement

#000119312516756627 Filed on November 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3 2015 Q2
Revenue $6.668B $7.173B $7.313B
YoY Change -7.04% -25.73% -27.23%
Cost Of Revenue $5.118B $5.404B $5.690B
YoY Change -5.29% -27.54% -23.37%
Gross Profit $1.550B $1.769B $1.623B
YoY Change -12.38% -19.59% -38.15%
Gross Profit Margin 23.25% 24.66% 22.19%
Selling, General & Admin $709.0M $267.0M $272.0M
YoY Change 165.54% 5.12% -8.11%
% of Gross Profit 45.74% 15.09% 16.76%
Research & Development $16.00M $19.00M $16.00M
YoY Change -15.79% 35.71% -5.88%
% of Gross Profit 1.03% 1.07% 0.99%
Depreciation & Amortization $398.0M $400.0M $335.0M
YoY Change -0.5% 44.93% 19.64%
% of Gross Profit 25.68% 22.61% 20.64%
Operating Expenses $1.123B $267.0M $272.0M
YoY Change 320.6% 5.12% -8.11%
Operating Profit $427.0M $1.502B $1.351B
YoY Change -71.57% -22.82% -41.97%
Interest Expense -$21.00M -$10.00M $5.000M
YoY Change 110.0% 900.0% 150.0%
% of Operating Profit -4.92% -0.67% 0.37%
Other Income/Expense, Net $2.000M -$2.000M $0.00
YoY Change -200.0% -300.0% -100.0%
Pretax Income $1.182B $637.0M $596.0M
YoY Change 85.56% -48.84% -63.79%
Income Tax $179.0M $158.0M $476.0M
% Of Pretax Income 15.14% 24.8% 79.87%
Net Earnings $1.003B $479.0M $120.0M
YoY Change 109.39% -48.82% -90.26%
Net Earnings / Revenue 15.04% 6.68% 1.64%
Basic Earnings Per Share $1.18 $0.56 $0.14
Diluted Earnings Per Share $1.18 $0.56 $0.14
COMMON SHARES
Basic Shares Outstanding 847.6M shares 847.6M shares 847.6M shares
Diluted Shares Outstanding 850.8M shares 850.9M shares 850.7M shares

Balance Sheet

Concept 2016 Q3 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $248.0M $366.0M $28.00M
YoY Change -32.24% 751.16% -83.63%
Cash & Equivalents $248.0M $366.0M $28.00M
Short-Term Investments
Other Short-Term Assets $547.0M $822.0M $942.0M
YoY Change -33.45% -18.93% -14.21%
Inventory $941.0M $1.223B $1.099B
Prepaid Expenses
Receivables $1.702B $1.595B $1.856B
Other Receivables $0.00 $107.0M $249.0M
Total Short-Term Assets $3.438B $4.113B $4.174B
YoY Change -16.41% -7.88% -12.99%
LONG-TERM ASSETS
Property, Plant & Equipment $36.74B $37.57B $36.84B
YoY Change -2.19% 10.09% 11.59%
Goodwill $186.0M $224.0M $224.0M
YoY Change -16.96% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $1.224B $1.484B $1.529B
YoY Change -17.52% 7.61% 16.81%
Other Assets $60.00M $66.00M $65.00M
YoY Change -9.09% 26.92% 22.64%
Total Long-Term Assets $38.66B $39.34B $38.66B
YoY Change -1.74% 9.96% 11.73%
TOTAL ASSETS
Total Short-Term Assets $3.438B $4.113B $4.174B
Total Long-Term Assets $38.66B $39.34B $38.66B
Total Assets $42.09B $43.45B $42.83B
YoY Change -3.13% 7.98% 8.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.898B $3.393B $3.606B
YoY Change -14.59% 4194.94% 90050.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.953B $1.976B
YoY Change -100.0% 11.03% 21.67%
Long-Term Debt Due $271.0M
YoY Change
Total Short-Term Liabilities $3.621B $5.770B $5.948B
YoY Change -37.24% -17.9% -16.06%
LONG-TERM LIABILITIES
Long-Term Debt $6.447B $5.852B $5.852B
YoY Change 10.17% 35.59% 35.59%
Other Long-Term Liabilities $3.444B $3.900B $3.973B
YoY Change -11.69% 38.45% 36.2%
Total Long-Term Liabilities $9.891B $9.752B $9.825B
YoY Change 1.43% 36.72% 35.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.621B $5.770B $5.948B
Total Long-Term Liabilities $9.891B $9.752B $9.825B
Total Liabilities $18.11B $20.29B $20.08B
YoY Change -10.74% 13.59% 12.28%
SHAREHOLDERS EQUITY
Retained Earnings $24.04B $23.70B $23.34B
YoY Change 1.4% 5.52% 7.89%
Common Stock $1.566B $1.566B $1.566B
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.98B $23.16B $22.76B
YoY Change
Total Liabilities & Shareholders Equity $42.09B $43.45B $42.83B
YoY Change -3.13% 7.98% 8.72%

Cashflow Statement

Concept 2016 Q3 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $1.003B $479.0M $120.0M
YoY Change 109.39% -48.82% -90.26%
Depreciation, Depletion And Amortization $398.0M $400.0M $335.0M
YoY Change -0.5% 44.93% 19.64%
Cash From Operating Activities $772.0M $1.104B $377.0M
YoY Change -30.07% -10.24% -62.26%
INVESTING ACTIVITIES
Capital Expenditures -$189.0M -$647.0M -$773.0M
YoY Change -70.79% -52.11% -40.31%
Acquisitions
YoY Change
Other Investing Activities $1.194B $28.00M $49.00M
YoY Change 4164.29% -200.0% -93.0%
Cash From Investing Activities $1.005B -$619.0M -$724.0M
YoY Change -262.36% -55.11% 21.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.724B -147.0M 315.0M
YoY Change 1072.79% -800.0% -194.03%
NET CHANGE
Cash From Operating Activities 772.0M 1.104B 377.0M
Cash From Investing Activities 1.005B -619.0M -724.0M
Cash From Financing Activities -1.724B -147.0M 315.0M
Net Change In Cash 53.00M 338.0M -32.00M
YoY Change -84.32% -364.06% -103.2%
FREE CASH FLOW
Cash From Operating Activities $772.0M $1.104B $377.0M
Capital Expenditures -$189.0M -$647.0M -$773.0M
Free Cash Flow $961.0M $1.751B $1.150B
YoY Change -45.12% -32.16% -49.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
195000000
CY2015Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2109000000
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3444000000
CY2016Q3 us-gaap Liabilities
Liabilities
18112000000
CY2016Q1 imo Planned Disposal Group Consideration
PlannedDisposalGroupConsideration
2800000000
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28000000
CY2015Q3 us-gaap Capital Lease Obligations
CapitalLeaseObligations
480000000
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
366000000
CY2015Q3 us-gaap Assets
Assets
43452000000
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1100000000 shares
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
848000000 shares
CY2016Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
847599011 shares
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
24036000000
CY2016Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
58000000
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
42094000000
CY2016Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
75000000
CY2016Q3 us-gaap Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
154000000
CY2016Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2898000000
CY2016Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1620000000
CY2016Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6447000000
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
1566000000
CY2016Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16884000000
CY2016Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4008000000
CY2016Q3 us-gaap Debt Current
DebtCurrent
271000000
CY2016Q3 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
592000000
CY2016Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
452000000
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
23982000000
CY2016Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1255000000
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
23687000000
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
59000000
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3597000000
CY2015Q4 us-gaap Liabilities
Liabilities
19745000000
CY2016Q3 imo Asset Retirement Obligation And Other Environmental Liabilities Noncurrent
AssetRetirementObligationAndOtherEnvironmentalLiabilitiesNoncurrent
1682000000
CY2016Q3 imo Materials Supplies And Prepaid Expenses
MaterialsSuppliesAndPrepaidExpenses
547000000
CY2016Q3 imo Asset Retirement Obligation And Other Environmental Liabilities Current
AssetRetirementObligationAndOtherEnvironmentalLiabilitiesCurrent
117000000
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2059000000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
215000000
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1100000000 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
848000000 shares
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
43170000000
CY2015Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
75000000
CY2015Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Classified Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
134000000
CY2015Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2989000000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1828000000
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5952000000
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
1566000000
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16404000000
CY2016Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
353000000
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
7039000000
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
3621000000
CY2016Q3 us-gaap Assets Current
AssetsCurrent
3438000000
CY2016Q3 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
941000000
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36742000000
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
248000000
CY2016Q3 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
444000000
CY2016Q3 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
1224000000
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
53626000000
CY2016Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
1702000000
CY2016Q3 us-gaap Assets
Assets
42094000000
CY2016Q3 us-gaap Goodwill
Goodwill
186000000
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
60000000
CY2016Q3 us-gaap Related Party Transaction Due From To Related Party Current
RelatedPartyTransactionDueFromToRelatedPartyCurrent
-83000000
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4191000000
CY2015Q4 us-gaap Debt Current
DebtCurrent
1952000000
CY2015Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
612000000
CY2015Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
452000000
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
23425000000
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1470000000
CY2015Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
365000000
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6564000000
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
5393000000
CY2015Q4 us-gaap Assets Current
AssetsCurrent
3670000000
CY2015Q4 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
1190000000
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37799000000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
203000000
CY2015Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
272000000
CY2015Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
1414000000
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
54203000000
CY2015Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
1581000000
CY2015Q4 us-gaap Assets
Assets
43170000000
CY2015Q4 us-gaap Goodwill
Goodwill
224000000
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
63000000
CY2015Q4 us-gaap Related Party Transaction Due From To Related Party Current
RelatedPartyTransactionDueFromToRelatedPartyCurrent
129000000
CY2015Q4 imo Asset Retirement Obligation And Other Environmental Liabilities Noncurrent
AssetRetirementObligationAndOtherEnvironmentalLiabilitiesNoncurrent
1628000000
CY2015Q4 imo Materials Supplies And Prepaid Expenses
MaterialsSuppliesAndPrepaidExpenses
424000000
CY2015Q4 imo Asset Retirement Obligation And Other Environmental Liabilities Current
AssetRetirementObligationAndOtherEnvironmentalLiabilitiesCurrent
116000000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1762000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
850700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
847600000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3100000 shares
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.20
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
2399000000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
13000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
17000000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
58000000
us-gaap Pension Contributions
PensionContributions
178000000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2431000000
us-gaap Other Income
OtherIncome
106000000
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-176000000
us-gaap Net Income Loss
NetIncomeLoss
1020000000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-47000000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
163000000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
80000000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
970000000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
330000000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-20000000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
32000000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-50000000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
126000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1794000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1052000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
774000000
imo Book Value Of Assets Sold
BookValueOfAssetsSold
-38000000
imo Operating Revenues Including Federal Excise Tax
OperatingRevenuesIncludingFederalExciseTax
20553000000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2345000000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
118000000
us-gaap Interest And Debt Expense
InterestAndDebtExpense
73000000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-29000000
us-gaap Costs And Expenses
CostsAndExpenses
18865000000
us-gaap Exploration Expense
ExplorationExpense
52000000
us-gaap Interest Expense Debt
InterestExpenseDebt
15000000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
734000000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
44000000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
151000000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-634000000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
390000000
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-61000000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1106000000
imo Increase Decrease In Inventories Materials And Supplies And Prepaid Expenses
IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaidExpenses
228000000
imo Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
3011000000
imo Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
4105000000
imo Interest Income Expense Other
InterestIncomeExpenseOther
-5000000
imo Net Gain Loss On Asset Sales After Tax
NetGainLossOnAssetSalesAfterTax
65000000
imo Crude Oil And Product Purchases Related Parties
CrudeOilAndProductPurchasesRelatedParties
2046000000
imo Total Revenues And Other Income
TotalRevenuesAndOtherIncome
20659000000
imo Crude Oil And Product Purchases
CrudeOilAndProductPurchases
11653000000
imo Federal Excise Tax
FederalExciseTax
1180000000
imo Production And Manufacturing Expenses Related Parties
ProductionAndManufacturingExpensesRelatedParties
333000000
imo Deferred Income Taxes And Other
DeferredIncomeTaxesAndOther
358000000
imo Selling And General
SellingAndGeneral
803000000
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 13pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"> <b>12. Recently issued accounting standards</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 12pt"> In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard, <i>Revenue from Contracts with Customers.</i> The standard establishes a single revenue recognition model for all contracts with customers, eliminates industry specific requirements and expands disclosure requirements. The standard will be adopted beginning January 1, 2018. Imperial continues to evaluate the standard and its effect on the company&#x2019;s financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 12pt"> In February 2016, the FASB issued a new standard, <i>Leases</i>. The standard requires all leases with an initial term greater than one year be recorded on the balance sheet as an asset and lease liability. The standard is required to be adopted beginning January 1, 2019. Imperial is evaluating the standard and its effect on the company&#x2019;s financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 12pt"> Effective September 30, 2016, Imperial early adopted <i>Accounting Standards Update (ASU) no. 2015-17 Income Taxes (Topic 740)</i>: <i>Balance sheet classification of deferred taxes</i>, on a prospective basis. This update eliminates the requirement to classify deferred tax assets and liabilities as current and non-current, and instead requires all deferred tax assets and liabilities to be classified as non-current.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 12pt"> The balance sheet classification of deferred income tax asset / (liability) is shown below.</p> <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0"> <tr> <td width="86%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL"> <td valign="bottom"><font style="FONT-SIZE: 8pt">&#xA0;millions of Canadian dollars</font></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="right"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">As at</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Sept&#xA0;30</p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2016</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="right"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">As at&#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">&#xA0;&#xA0;&#xA0;&#xA0;Dec&#xA0;31&#xA0;</p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2015&#xA0;</p> </td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom" colspan="8"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> &#xA0;Deferred income tax asset</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td> <td valign="bottom" nowrap="nowrap" align="right"><b>-</b></td> <td valign="bottom" nowrap="nowrap"><b>&#xA0;&#xA0;</b></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">272&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> &#xA0;Other assets, including intangibles, net</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"><b>&#xA0;</b></td> <td valign="bottom" align="right"><b>35</b></td> <td valign="bottom" nowrap="nowrap"><b>&#xA0;&#xA0;</b></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td> <td valign="bottom" nowrap="nowrap" align="right"> <b>-&#xA0;</b></td> <td valign="bottom" nowrap="nowrap"><b>&#xA0;&#xA0;</b></td> </tr> <tr style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> &#xA0;Accounts payable and accrued liabilities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td> <td valign="bottom" nowrap="nowrap" align="right"><b>-</b></td> <td valign="bottom" nowrap="nowrap"><b>&#xA0;&#xA0;</b></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(41)&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> &#xA0;Deferred income tax liabilities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"><b>&#xA0;</b></td> <td valign="bottom" align="right"><b>(4,008)</b></td> <td valign="bottom" nowrap="nowrap"><b>&#xA0;&#xA0;</b></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(4,191)&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom" colspan="8"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> &#xA0;Net deferred tax liabilities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"><b>&#xA0;</b></td> <td valign="bottom" align="right"><b>(3,973)</b></td> <td valign="bottom" nowrap="nowrap"><b>&#xA0;&#xA0;</b></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(3,960)&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom" colspan="8"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1.5pt solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div>
dei Document Type
DocumentType
10-Q
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
dei Entity Central Index Key
EntityCentralIndexKey
0000049938
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1264000000
dei Trading Symbol
TradingSymbol
IMO
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
850600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
847600000 shares
dei Amendment Flag
AmendmentFlag
false
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.44
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Period End Date
DocumentPeriodEndDate
2016-09-30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.85
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
IMPERIAL OIL LTD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1457000000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
21000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-67000000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
37000000
us-gaap Pension Contributions
PensionContributions
120000000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
893000000
us-gaap Other Income
OtherIncome
945000000
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
100000000
us-gaap Net Income Loss
NetIncomeLoss
721000000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-299000000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
121000000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
952000000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
929000000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
364000000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-52000000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1000000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
208000000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
108000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
781000000
us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
24000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1229000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60000000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
350000000
imo Crude Oil And Product Purchases Related Parties
CrudeOilAndProductPurchasesRelatedParties
1540000000
imo Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
948000000
imo Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
3842000000
imo Interest Income Expense Other
InterestIncomeExpenseOther
6000000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1244000000
us-gaap Interest And Debt Expense
InterestAndDebtExpense
95000000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-1679000000
us-gaap Costs And Expenses
CostsAndExpenses
18131000000
us-gaap Exploration Expense
ExplorationExpense
75000000
us-gaap Interest Expense Debt
InterestExpenseDebt
58000000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1569000000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
30000000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
45000000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-59000000
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
37000000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
495000000
imo Increase Decrease In Inventories Materials And Supplies And Prepaid Expenses
IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaidExpenses
-112000000
imo Net Gain Loss On Asset Sales After Tax
NetGainLossOnAssetSalesAfterTax
808000000
CY2015Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
29000000
imo Book Value Of Assets Sold
BookValueOfAssetsSold
-292000000
imo Operating Revenues Including Federal Excise Tax
OperatingRevenuesIncludingFederalExciseTax
17967000000
imo Total Revenues And Other Income
TotalRevenuesAndOtherIncome
18912000000
imo Crude Oil And Product Purchases
CrudeOilAndProductPurchases
10884000000
imo Federal Excise Tax
FederalExciseTax
1237000000
imo Production And Manufacturing Expenses Related Parties
ProductionAndManufacturingExpensesRelatedParties
394000000
imo Expected Gain Loss On Sale Of Assets After Tax
ExpectedGainLossOnSaleOfAssetsAfterTax
700000000
imo Expected Gain Loss On Sale Of Assets
ExpectedGainLossOnSaleOfAssets
800000000
imo Deferred Income Taxes And Other
DeferredIncomeTaxesAndOther
35000000
imo Selling And General
SellingAndGeneral
812000000
CY2015 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
480000000
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2015Q3 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1104000000
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
850900000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
847600000 shares
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3300000 shares
CY2015Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2015Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
856000000
CY2015Q3 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
7000000
CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-15000000
CY2015Q3 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
20000000
CY2015Q3 us-gaap Pension Contributions
PensionContributions
46000000
CY2015Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
647000000
CY2015Q3 us-gaap Other Income
OtherIncome
44000000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
479000000
CY2015Q3 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-43000000
CY2015Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-403000000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
637000000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
521000000
CY2015Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
110000000
CY2015Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-12000000
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
42000000
CY2015Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
42000000
CY2015Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
400000000
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
158000000
CY2015Q3 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-619000000
CY2015Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
28000000
CY2015Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
30000000
CY2015Q3 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-30000000
CY2015Q3 us-gaap Costs And Expenses
CostsAndExpenses
6518000000
CY2015Q3 us-gaap Exploration Expense
ExplorationExpense
19000000
CY2015Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
10000000
CY2015Q3 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-147000000
CY2015Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
15000000
CY2015Q3 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
338000000
CY2015Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-271000000
CY2015Q3 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
58000000
CY2015Q3 imo Increase Decrease In Inventories Materials And Supplies And Prepaid Expenses
IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaidExpenses
65000000
CY2015Q3 imo Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
1142000000
CY2015Q3 imo Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
1351000000
CY2015Q3 imo Interest Income Expense Other
InterestIncomeExpenseOther
-2000000
CY2015Q3 imo Net Gain Loss On Asset Sales After Tax
NetGainLossOnAssetSalesAfterTax
26000000
CY2015Q3 imo Crude Oil And Product Purchases Related Parties
CrudeOilAndProductPurchasesRelatedParties
663000000
CY2015Q3 imo Book Value Of Assets Sold
BookValueOfAssetsSold
1000000
CY2015Q3 imo Operating Revenues Including Federal Excise Tax
OperatingRevenuesIncludingFederalExciseTax
7111000000
CY2015Q3 imo Total Revenues And Other Income
TotalRevenuesAndOtherIncome
7155000000
CY2015Q3 imo Crude Oil And Product Purchases
CrudeOilAndProductPurchases
4053000000
CY2015Q3 imo Federal Excise Tax
FederalExciseTax
416000000
CY2015Q3 imo Production And Manufacturing Expenses Related Parties
ProductionAndManufacturingExpensesRelatedParties
106000000
CY2015Q3 imo Deferred Income Taxes And Other
DeferredIncomeTaxesAndOther
86000000
CY2015Q3 imo Selling And General
SellingAndGeneral
267000000
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.18
CY2016Q3 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
772000000
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
850800000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
847600000 shares
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3200000 shares
CY2016Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.18
CY2016Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
448000000
CY2016Q3 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
6000000
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-10000000
CY2016Q3 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
11000000
CY2016Q3 us-gaap Pension Contributions
PensionContributions
44000000
CY2016Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
189000000
CY2016Q3 us-gaap Other Income
OtherIncome
874000000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
1003000000
CY2016Q3 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-51000000
CY2016Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-275000000
CY2016Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
909000000
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1037000000
CY2016Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
127000000
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-19000000
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
34000000
CY2016Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
34000000
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1182000000
CY2016Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
398000000
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
179000000
CY2016Q3 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
1005000000
CY2016Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1194000000
CY2016Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
32000000
CY2016Q3 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-1591000000
CY2016Q3 us-gaap Costs And Expenses
CostsAndExpenses
6260000000
CY2016Q3 us-gaap Exploration Expense
ExplorationExpense
16000000
CY2016Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
21000000
CY2016Q3 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1724000000
CY2016Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
10000000
CY2016Q3 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
1200000000
CY2016Q3 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
53000000
CY2016Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-241000000
CY2016Q3 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-13000000
CY2016Q3 imo Increase Decrease In Inventories Materials And Supplies And Prepaid Expenses
IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaidExpenses
7000000
CY2016Q3 imo Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
205000000
CY2016Q3 imo Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
1261000000
CY2016Q3 imo Interest Income Expense Other
InterestIncomeExpenseOther
2000000
CY2016Q3 imo Net Gain Loss On Asset Sales After Tax
NetGainLossOnAssetSalesAfterTax
774000000
CY2016Q3 imo Crude Oil And Product Purchases Related Parties
CrudeOilAndProductPurchasesRelatedParties
623000000
CY2016Q3 imo Book Value Of Assets Sold
BookValueOfAssetsSold
-285000000
CY2016Q3 imo Operating Revenues Including Federal Excise Tax
OperatingRevenuesIncludingFederalExciseTax
6568000000
CY2016Q3 imo Total Revenues And Other Income
TotalRevenuesAndOtherIncome
7442000000
CY2016Q3 imo Crude Oil And Product Purchases
CrudeOilAndProductPurchases
3857000000
CY2016Q3 imo Federal Excise Tax
FederalExciseTax
434000000
CY2016Q3 imo Production And Manufacturing Expenses Related Parties
ProductionAndManufacturingExpensesRelatedParties
133000000
CY2016Q3 imo Expected Gain Loss On Sale Of Assets After Tax
ExpectedGainLossOnSaleOfAssetsAfterTax
700000000
CY2016Q3 imo Expected Gain Loss On Sale Of Assets
ExpectedGainLossOnSaleOfAssets
800000000
CY2016Q3 imo Deferred Income Taxes And Other
DeferredIncomeTaxesAndOther
215000000
CY2016Q3 imo Selling And General
SellingAndGeneral
275000000

Files In Submission

Name View Source Status
0001193125-16-756627-index-headers.html Edgar Link pending
0001193125-16-756627-index.html Edgar Link pending
0001193125-16-756627.txt Edgar Link pending
0001193125-16-756627-xbrl.zip Edgar Link pending
d238824d10q.htm Edgar Link pending
d238824dex311.htm Edgar Link pending
d238824dex312.htm Edgar Link pending
d238824dex321.htm Edgar Link pending
d238824dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
imo-20160930.xml Edgar Link completed
imo-20160930.xsd Edgar Link pending
imo-20160930_cal.xml Edgar Link unprocessable
imo-20160930_def.xml Edgar Link unprocessable
imo-20160930_lab.xml Edgar Link unprocessable
imo-20160930_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending