---
schema_version: "secwatch.filing_event.v1"
accession: "0000049938-24-000006"
form_type: "8-K"
ticker: "IMO"
cik: "0000049938"
company_name: "IMPERIAL OIL LTD"
filed_at: "2024-02-02T23:59:59+00:00"
generated_at: "2026-06-06T10:18:41.447672+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Imperial Oil Q4 net income $1.365B, EPS $2.47; dividend raised 20% to $0.60

## Summary
- Q4 net income $1,365M ($2.47 EPS), down from $1,727M ($2.86 EPS) in Q4 2022; full-year net income $4,889M.
- Upstream production 452,000 boe/d (highest in 30+ years); Kearl record 308,000 gross bbl/d.
- Quarterly dividend increased 20% to $0.60/share; returned $2.746B to shareholders in Q4 including $1.5B substantial issuer bid.
- Cold Lake Grand Rapids Phase 1 steam injection started; first solvent-assisted SAGD project; expected 15,000 bbl/d, 40% lower GHG.
- Refinery capacity utilization 94% after largest Sarnia turnaround completed under budget and ahead of schedule.

## SEC filing metadata
- accession: 0000049938-24-000006
- form_type: 8-K
- ticker: IMO
- cik: 0000049938
- company_name: IMPERIAL OIL LTD
- filed_at: 2024-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49938/000004993824000006/0000049938-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49938/000004993824000006/imo-20240202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049938-24-000006
- JSON: https://secwatch.observer/filing/0000049938-24-000006.json
- Plain text: https://secwatch.observer/filing/0000049938-24-000006.txt

## Key facts
- Earnings Releases
  IMPERIAL OIL LTD reported the fiscal quarter ended December 31, 2023 results: net income $1,365 million, EPS $2.47 per diluted share.
  - Period: the fiscal quarter ended December 31, 2023
  - Net income: $1,365 million
  - EPS: $2.47 per diluted share
  - Result: reported results
  source text: Imperial announces fourth quarter 2023 financial and operating results • Quarterly net income of $1,365 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/49938/000004993824000006/0000049938-24-000006-index.htm

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