Imperial Oil Limited (IMO) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
Loading revenue history...
Revenue Growth Metrics
Revenue Breakdown (FY 2024)
IMO's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
IMO Revenue Analysis (2013–2024)
As of February 28, 2026, Imperial Oil Limited (IMO) generated trailing twelve-month (TTM) revenue of $46.24 billion, reflecting moderate decline in growth of -7.2% year-over-year. The most recent quarter (Q3 2025) recorded $11.63 billion in revenue, up 6.8% sequentially.
Looking at the longer-term picture, IMO's 5-year compound annual growth rate (CAGR) stands at +8.1%, indicating steady revenue expansion. The company achieved its highest annual revenue of $56.73 billion in 2022.
Revenue diversification analysis shows IMO's business is primarily driven by Downstream (75%), Upstream (24%), and Chemical (2%). With over half of revenue concentrated in Downstream, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including SU (-2.0% YoY), and CVE (-3.5% YoY), IMO has underperformed the peer group in terms of revenue growth. Compare IMO vs SU →
Peer Comparison
Compare IMO's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| IMOCurrent | $46.2B | -7.2% | +8.1% | 12.5% | |
| SU | $48.9B | -2.0% | +14.7% | 16.3% | |
| CVE | $49.7B | -3.5% | +29.0% | 8.8% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $48.79B | +1.0% | $7.05B | 14.4% | $6.11B | 12.5% |
| 2023 | $48.30B | -14.9% | $7.11B | 14.7% | $6.25B | 12.9% |
| 2022 | $56.73B | +58.2% | $10.10B | 17.8% | $9.22B | 16.3% |
| 2021 | $35.85B | +74.1% | $4.11B | 11.5% | $3.32B | 9.3% |
| 2020 | $20.59B | -37.7% | $-1,569,540,094 | -7.6% | $-2,312,215,196 | -11.2% |
| 2019 | $33.07B | -0.4% | $3.17B | 9.6% | $2.24B | 6.8% |
| 2018 | $33.19B | +19.2% | $4.09B | 12.3% | $3.19B | 9.6% |
| 2017 | $27.85B | +18.2% | $1.27B | 4.6% | $366.3M | 1.3% |
| 2016 | $23.57B | -6.2% | $1.34B | 5.7% | $205.5M | 0.9% |
| 2015 | $25.12B | -24.2% | $2.94B | 11.7% | $1.83B | 7.3% |
See IMO's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs IMO Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare IMO vs CRC
See how IMO stacks up against sector leader California Resources Corporation.
Start ComparisonFrequently Asked Questions
Is IMO's revenue growth accelerating or slowing?
IMO revenue declined -7.2% year-over-year, contrasting with the 5-year CAGR of +8.1%. TTM revenue fell to $46.2B. This reverses the prior growth trend.
What is IMO's long-term revenue growth rate?
Imperial Oil Limited's 5-year revenue CAGR of +8.1% reflects the variable expansion pattern. Current YoY growth of -7.2% is below this long-term average.
How is IMO's revenue distributed by segment?
IMO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.