Imperial Oil Limited

IMO

Oil & Gas Integrated · Energy

Also trades as: IMO.TO

Price

$138.05

+1.19 (+0.87%)

Market Cap

$67.63B

Exchange

New York Stock Exchange American

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Strong

Stability

Exceptional

Valuation

Mixed

Dividends

Good

Track this stock — start free trial

Share count falling — buybacks

−29.3% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 713.2M (2021) → 504.0M (2025)

Winston Score History

The full picture

Imperial Oil Limited is a Canadian energy company that finds, produces, and refines oil and natural gas. It sells gasoline and diesel fuel to everyday drivers through its Esso-branded gas stations, and it also supplies petroleum products to industrial and commercial customers across Canada. Imperial Oil is one of Canada's largest integrated oil companies and is majority-owned by ExxonMobil, which holds roughly 70% of its shares.

The company makes money by selling crude oil, refined fuels, and chemical products, with revenue coming from both its upstream oil production and its downstream refining and retail operations. Imperial Oil operates almost entirely within Canada, with significant oil sands assets in Alberta that give it a large, long-life resource base. Its close relationship with ExxonMobil provides access to technology and capital, which is a meaningful competitive advantage, though the business remains exposed to swings in global oil prices, which can sharply affect profits from one year to the next.

Politician Trades

1 trades / 12mo

0 Congressional buys and 1 sell on IMO in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+43.4% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+143.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

C$0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (1%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

69.8%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Position

Cash flow positive

C$5.5B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Imperial Oil Limited grew revenue 43% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

22.4%

Thin — 22.4% gross margin

Profit after running costs

Operating Margin

17.8%

Healthy — 17.8% operating margin

Return on the money invested

ROCE

14.7%

Good — 14.7% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+12.9%

Fast-growing sales (+12.9% YoY)

Profit growth

EPS YoY

-1.8%

Earnings shrinking (-1.8% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

164%

Turns 164% of profit into real cash

Spare cash per sale

FCF Margin

9.0%

Modest free cash flow (9.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.10

Conservative — low debt load (0.10)

Covers its interest

Interest Cover

503.90x

Comfortably covers interest (503.9x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

15.4x

Fair value — P/E 15.4

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

-0.6

SLOWING

Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

1.75%

Small dividend — 1.75% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+21.5%

Dividend growing fast (21.5% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial