Imperial Oil reports $949M profit in second quarter

The Imperial Oil logo is shown at the company's annual meeting in Calgary on April 28, 2017. THE CANADIAN PRESS/Jeff McIntosh

CALGARY — Imperial Oil Ltd. says its net income came in at $949 million during the second quarter, down from $1.13 billion a year earlier.

Earnings per share amounted to $1.86 on a diluted basis, compared with $2.11 during the same period last year.

The Calgary-based energy company reported $11.23 billion in total revenue and other income during the quarter, down from $13.38 billion during the same quarter last year.

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The company says upstream production reached 427,000 gross oil-equivalent barrels per day, marking the highest second quarter in over 30 years.

Refinery throughput averaged 376,000 barrels per day during the quarter, compared with 387,000 barrels per day a year earlier.

Imperial Oil CEO John Whelan says the company completed its heaviest planned turnaround quarter for both its upstream and downstream businesses.

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This report by The Canadian Press was first published Aug. 1, 2025.