---
schema_version: "secwatch.filing_event.v1"
accession: "0000049938-23-000055"
form_type: "8-K"
ticker: "IMO"
cik: "0000049938"
company_name: "IMPERIAL OIL LTD"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:24:36.751548+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Imperial Q2 net income $675M, down 72% YoY; production 363k boe/d

## Summary
- Net income $675M ($1.15 diluted EPS) vs $2,409M in Q2 2022, driven by lower commodity prices and planned turnarounds.
- Cash flow from operating activities $885M; capital and exploration expenditures $493M.
- Upstream production 363k boe/d; Kearl 217k bbl/d gross, Cold Lake 132k bbl/d, Syncrude 66k bbl/d (Imperial share).
- Renewed NCIB to repurchase up to 5% of outstanding shares; plans to accelerate completion before year-end 2023.
- Q3 dividend declared at $0.50/share; Strathcona Renewable Diesel construction started, targeting 2025 start-up.

## SEC filing metadata
- accession: 0000049938-23-000055
- form_type: 8-K
- ticker: IMO
- cik: 0000049938
- company_name: IMPERIAL OIL LTD
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/49938/000004993823000055/0000049938-23-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49938/000004993823000055/imo-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049938-23-000055
- JSON: https://secwatch.observer/filing/0000049938-23-000055.json
- Plain text: https://secwatch.observer/filing/0000049938-23-000055.txt

## Key facts
- Earnings Releases
  IMPERIAL OIL LTD reported fiscal quarter ended June 30, 2023 results: net income $675 million, EPS $1.15 per share on a diluted basis.
  - Period: fiscal quarter ended June 30, 2023
  - Net income: $675 million
  - EPS: $1.15 per share on a diluted basis
  - Result: reported results
  source text: Net income of $675 million or $1.15 per share on a diluted basis
  evidence_url: https://www.sec.gov/Archives/edgar/data/49938/000004993823000055/0000049938-23-000055-index.htm

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