---
schema_version: "secwatch.filing_event.v1"
accession: "0000049938-23-000030"
form_type: "8-K"
ticker: "IMO"
cik: "0000049938"
company_name: "IMPERIAL OIL LTD"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:53:14.734261+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Imperial Oil Q1 net income $1.248B ($2.13/sh), up 6% YoY; dividend raised 14%

## Summary
- Net income $1,248M, diluted EPS $2.13 vs $1.75 YoY; cash from ops (ex-working cap) $1,554M.
- Record Kearl Q1 gross production 259,000 bbl/d (Imperial share 184,000); total upstream 413,000 boe/d.
- Q2 dividend increased 14% to $0.50/share from $0.44; $266M returned to shareholders in Q1.
- Downstream throughput 417,000 bbl/d, capacity utilization 96%; petroleum product sales 455,000 bbl/d.
- Capital expenditures $429M (+45% YoY); Pathways Alliance CCS enters design stage; 400 km CO2 pipeline.

## SEC filing metadata
- accession: 0000049938-23-000030
- form_type: 8-K
- ticker: IMO
- cik: 0000049938
- company_name: IMPERIAL OIL LTD
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49938/000004993823000030/0000049938-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49938/000004993823000030/imo-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049938-23-000030
- JSON: https://secwatch.observer/filing/0000049938-23-000030.json
- Plain text: https://secwatch.observer/filing/0000049938-23-000030.txt

## Key facts
- Earnings Releases
  IMPERIAL OIL LTD reported first quarter 2023 results: net income 1,248 million, EPS $2.13 per share on a diluted basis.
  - Period: first quarter 2023
  - Net income: 1,248 million
  - EPS: $2.13 per share on a diluted basis
  - Result: reported results
  source text: Net income of $1,248 million or $2.13 per share on a diluted basis, up from $1,173 million or $1.75 per share in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/49938/000004993823000030/0000049938-23-000030-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.