Imperial Oil Ltd Net Assets
Imperial Oil Ltd net assets. Based on the latest financial reports, Imperial Oil Ltd (IMO) has net assets worth CA$17.01 Billion CAD (≈ $12.30 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$30.85 Billion ≈ $22.31 Billion USD) and total liabilities (CA$13.84 Billion ≈ $10.01 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore IMO shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$17.01 Billion |
| % of Total Assets | 55.13% |
| Annual Growth Rate | 4.02% |
| 5-Year Change | 9.59% |
| 10-Year Change | 0.2% |
| Growth Volatility | 11.14 |
Net Assets of Imperial Oil Ltd (1985–2024)
Net assets of Imperial Oil Ltd from 1985 to 2024. This chart illustrates how Imperial Oil Ltd's net assets have evolved over time, based on quarterly financial data. See Imperial Oil Ltd net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Imperial Oil Ltd (1985–2024)
The table below shows the annual net assets of Imperial Oil Ltd from 1985 to 2024. For live market cap and overall valuation, see market cap of Imperial Oil Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$23.47 Billion ≈ $16.98 Billion |
+5.63% |
| 2023-12-31 | CA$22.22 Billion ≈ $16.08 Billion |
-0.85% |
| 2022-12-31 | CA$22.41 Billion ≈ $16.21 Billion |
+3.12% |
| 2021-12-31 | CA$21.73 Billion ≈ $15.72 Billion |
+1.48% |
| 2020-12-31 | CA$21.42 Billion ≈ $15.49 Billion |
-11.77% |
| 2019-12-31 | CA$24.28 Billion ≈ $17.56 Billion |
-0.87% |
| 2018-12-31 | CA$24.49 Billion ≈ $17.71 Billion |
+0.22% |
| 2017-12-31 | CA$24.43 Billion ≈ $17.68 Billion |
-2.34% |
| 2016-12-31 | CA$25.02 Billion ≈ $18.10 Billion |
+6.81% |
| 2015-12-31 | CA$23.43 Billion ≈ $16.95 Billion |
+3.97% |
| 2014-12-31 | CA$22.53 Billion ≈ $16.30 Billion |
+15.40% |
| 2013-12-31 | CA$19.52 Billion ≈ $14.12 Billion |
+19.22% |
| 2012-12-31 | CA$16.38 Billion ≈ $11.85 Billion |
+22.94% |
| 2011-12-31 | CA$13.32 Billion ≈ $9.64 Billion |
+19.18% |
| 2010-12-31 | CA$11.18 Billion ≈ $8.09 Billion |
+18.41% |
| 2009-12-31 | CA$9.44 Billion ≈ $6.83 Billion |
+4.12% |
| 2008-12-31 | CA$9.07 Billion ≈ $6.56 Billion |
+14.41% |
| 2007-12-31 | CA$7.92 Billion ≈ $5.73 Billion |
+6.99% |
| 2006-12-31 | CA$7.41 Billion ≈ $5.36 Billion |
+11.64% |
| 2005-12-31 | CA$6.63 Billion ≈ $4.80 Billion |
+4.92% |
| 2004-12-31 | CA$6.32 Billion ≈ $4.57 Billion |
+9.43% |
| 2003-12-31 | CA$5.78 Billion ≈ $4.18 Billion |
+10.84% |
| 2002-12-31 | CA$5.21 Billion ≈ $3.77 Billion |
+17.70% |
| 2001-12-31 | CA$4.43 Billion ≈ $3.20 Billion |
+2.50% |
| 2000-12-31 | CA$4.32 Billion ≈ $3.13 Billion |
-2.64% |
| 1999-12-31 | CA$4.44 Billion ≈ $3.21 Billion |
+6.17% |
| 1998-12-31 | CA$4.18 Billion ≈ $3.02 Billion |
-4.63% |
| 1997-12-31 | CA$4.38 Billion ≈ $3.17 Billion |
-4.03% |
| 1996-12-31 | CA$4.57 Billion ≈ $3.30 Billion |
-22.70% |
| 1995-12-31 | CA$5.91 Billion ≈ $4.27 Billion |
-18.64% |
| 1994-12-31 | CA$7.26 Billion ≈ $5.25 Billion |
+10.59% |
| 1993-12-31 | CA$6.57 Billion ≈ $4.75 Billion |
-1.05% |
| 1992-12-31 | CA$6.64 Billion ≈ $4.80 Billion |
-2.27% |
| 1991-12-31 | CA$6.79 Billion ≈ $4.91 Billion |
-21.44% |
| 1990-12-31 | CA$8.64 Billion ≈ $6.25 Billion |
+20.34% |
| 1989-12-31 | CA$7.18 Billion ≈ $5.20 Billion |
+24.38% |
| 1988-12-31 | CA$5.77 Billion ≈ $4.18 Billion |
+3.74% |
| 1987-12-31 | CA$5.57 Billion ≈ $4.03 Billion |
+9.35% |
| 1986-12-31 | CA$5.09 Billion ≈ $3.68 Billion |
+0.85% |
| 1985-12-31 | CA$5.05 Billion ≈ $3.65 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Imperial Oil Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 523.7% over the analyzed period, indicating profitable operations and earnings retention.
Imperial Oil Ltd Net Assets Breakdown (December 2024)
Imperial Oil Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$22.75 Billion | 96.90% |
| Common Stock | CA$942.00 Million | 4.01% |
| Other Comprehensive Income | CA$-214.00 Million | -0.91% |
| Total Equity | CA$23.47 Billion | 100.00% |
Imperial Oil Ltd Competitors by Market Cap
The table below lists competitors of Imperial Oil Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TC Energy Corp
TO:TRP
|
$67.94 Billion |
|
Macquarie Group Ltd
AU:MQG
|
$68.08 Billion |
|
Aon PLC
NYSE:AON
|
$68.23 Billion |
|
Vingroup JSC
VN:VIC
|
$68.66 Billion |
|
ESSILORLUXOTTICA 1/2/O.N.
F:ESLC
|
$67.43 Billion |
|
NETEASE INC. O.N.
F:4Y01
|
$67.40 Billion |
|
Bank of China Limited
F:W8V
|
$67.38 Billion |
|
Bank of Communications Co
SHG:601328
|
$67.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Imperial Oil Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,222,000,000 to 23,473,000,000, a change of 1,251,000,000 (5.6%).
- Net income of 4,790,000,000 contributed positively to equity growth.
- Dividend payments of 1,238,000,000 reduced retained earnings.
- Share repurchases of 2,681,000,000 reduced equity.
- Other comprehensive income increased equity by 463,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$4.79 Billion | +20.41% |
| Dividends Paid | CA$1.24 Billion | -5.27% |
| Share Repurchases | CA$2.68 Billion | -11.42% |
| Other Comprehensive Income | CA$463.00 Million | +1.97% |
| Other Changes | CA$-83.00 Million | -0.35% |
| Total Change | CA$- | 5.63% |
Book Value vs Market Value Analysis
This analysis compares Imperial Oil Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.37x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 55.77x to 4.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | CA$3.47 | CA$193.48 | x |
| 1986-12-31 | CA$3.46 | CA$193.48 | x |
| 1987-12-31 | CA$3.77 | CA$193.48 | x |
| 1988-12-31 | CA$3.88 | CA$193.48 | x |
| 1989-12-31 | CA$5.16 | CA$193.48 | x |
| 1990-12-31 | CA$4.32 | CA$193.48 | x |
| 1991-12-31 | CA$3.87 | CA$193.48 | x |
| 1992-12-31 | CA$3.76 | CA$193.48 | x |
| 1993-12-31 | CA$3.76 | CA$193.48 | x |
| 1994-12-31 | CA$4.18 | CA$193.48 | x |
| 1995-12-31 | CA$3.41 | CA$193.48 | x |
| 1996-12-31 | CA$2.89 | CA$193.48 | x |
| 1997-12-31 | CA$3.16 | CA$193.48 | x |
| 1998-12-31 | CA$3.13 | CA$193.48 | x |
| 1999-12-31 | CA$3.42 | CA$193.48 | x |
| 2000-12-31 | CA$3.42 | CA$193.48 | x |
| 2001-12-31 | CA$3.71 | CA$193.48 | x |
| 2002-12-31 | CA$4.54 | CA$193.48 | x |
| 2003-12-31 | CA$5.19 | CA$193.48 | x |
| 2004-12-31 | CA$5.89 | CA$193.48 | x |
| 2005-12-31 | CA$6.45 | CA$193.48 | x |
| 2006-12-31 | CA$7.57 | CA$193.48 | x |
| 2007-12-31 | CA$8.48 | CA$193.48 | x |
| 2008-12-31 | CA$10.20 | CA$193.48 | x |
| 2009-12-31 | CA$11.02 | CA$193.48 | x |
| 2010-12-31 | CA$13.08 | CA$193.48 | x |
| 2011-12-31 | CA$15.61 | CA$193.48 | x |
| 2012-12-31 | CA$19.24 | CA$193.48 | x |
| 2013-12-31 | CA$22.95 | CA$193.48 | x |
| 2014-12-31 | CA$26.49 | CA$193.48 | x |
| 2015-12-31 | CA$27.54 | CA$193.48 | x |
| 2016-12-31 | CA$29.42 | CA$193.48 | x |
| 2017-12-31 | CA$28.89 | CA$193.48 | x |
| 2018-12-31 | CA$30.23 | CA$193.48 | x |
| 2019-12-31 | CA$31.73 | CA$193.48 | x |
| 2020-12-31 | CA$29.13 | CA$193.48 | x |
| 2021-12-31 | CA$30.48 | CA$193.48 | x |
| 2022-12-31 | CA$34.94 | CA$193.48 | x |
| 2023-12-31 | CA$38.59 | CA$193.48 | x |
| 2024-12-31 | CA$44.24 | CA$193.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Imperial Oil Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.41%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.30%
- • Asset Turnover: 1.20x
- • Equity Multiplier: 1.83x
- Recent ROE (20.41%) is above the historical average (17.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 13.55% | 8.15% | 0.91x | 1.82x | CA$179.35 Million |
| 1986 | 8.64% | 6.57% | 0.77x | 1.70x | CA$-69.01 Million |
| 1987 | 12.86% | 10.17% | 0.74x | 1.70x | CA$159.45 Million |
| 1988 | 8.68% | 7.05% | 0.73x | 1.68x | CA$-76.45 Million |
| 1989 | 6.35% | 4.56% | 0.65x | 2.15x | CA$-262.14 Million |
| 1990 | 6.62% | 4.39% | 0.74x | 2.04x | CA$-292.43 Million |
| 1991 | 2.39% | 1.76% | 0.68x | 1.99x | CA$-517.00 Million |
| 1992 | 2.94% | 2.18% | 0.68x | 1.99x | CA$-468.56 Million |
| 1993 | 4.25% | 3.13% | 0.70x | 1.95x | CA$-377.55 Million |
| 1994 | 5.99% | 3.98% | 0.76x | 1.99x | CA$-291.30 Million |
| 1995 | 8.70% | 5.54% | 0.77x | 2.04x | CA$-76.75 Million |
| 1996 | 17.21% | 7.57% | 0.99x | 2.30x | CA$329.24 Million |
| 1997 | 19.33% | 7.94% | 1.06x | 2.30x | CA$408.73 Million |
| 1998 | 13.25% | 6.15% | 0.95x | 2.26x | CA$136.02 Million |
| 1999 | 13.11% | 5.67% | 1.06x | 2.18x | CA$138.24 Million |
| 2000 | 32.87% | 7.97% | 1.59x | 2.60x | CA$988.15 Million |
| 2001 | 28.07% | 7.21% | 1.60x | 2.43x | CA$800.38 Million |
| 2002 | 23.22% | 7.10% | 1.44x | 2.28x | CA$689.01 Million |
| 2003 | 29.12% | 8.76% | 1.55x | 2.14x | CA$1.10 Billion |
| 2004 | 32.45% | 9.14% | 1.60x | 2.22x | CA$1.42 Billion |
| 2005 | 39.20% | 9.22% | 1.81x | 2.35x | CA$1.94 Billion |
| 2006 | 41.10% | 12.28% | 1.54x | 2.18x | CA$2.30 Billion |
| 2007 | 40.24% | 12.53% | 1.56x | 2.06x | CA$2.40 Billion |
| 2008 | 42.78% | 12.28% | 1.85x | 1.88x | CA$2.97 Billion |
| 2009 | 16.73% | 7.42% | 1.22x | 1.85x | CA$635.10 Million |
| 2010 | 19.77% | 9.35% | 1.15x | 1.84x | CA$1.09 Billion |
| 2011 | 25.31% | 11.56% | 1.15x | 1.91x | CA$2.04 Billion |
| 2012 | 23.00% | 12.67% | 1.01x | 1.79x | CA$2.13 Billion |
| 2013 | 14.48% | 9.04% | 0.84x | 1.91x | CA$875.60 Million |
| 2014 | 16.80% | 10.92% | 0.85x | 1.81x | CA$1.53 Billion |
| 2015 | 4.79% | 4.45% | 0.58x | 1.84x | CA$-1.22 Billion |
| 2016 | 8.65% | 9.25% | 0.56x | 1.66x | CA$-337.10 Million |
| 2017 | 2.01% | 1.68% | 0.70x | 1.70x | CA$-1.95 Billion |
| 2018 | 9.45% | 6.62% | 0.84x | 1.69x | CA$-134.90 Million |
| 2019 | 9.06% | 6.47% | 0.81x | 1.74x | CA$-227.60 Million |
| 2020 | -8.67% | -8.33% | 0.59x | 1.78x | CA$-4.00 Billion |
| 2021 | 11.41% | 6.61% | 0.92x | 1.88x | CA$305.50 Million |
| 2022 | 32.75% | 12.33% | 1.37x | 1.94x | CA$5.10 Billion |
| 2023 | 22.00% | 9.61% | 1.24x | 1.85x | CA$2.67 Billion |
| 2024 | 20.41% | 9.30% | 1.20x | 1.83x | CA$2.44 Billion |
Industry Comparison
This section compares Imperial Oil Ltd's net assets metrics with peer companies in the Oil & Gas Integrated industry.
Industry Context
- Industry: Oil & Gas Integrated
- Average net assets among peers: $12,665,391,266
- Average return on equity (ROE) among peers: 15.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Imperial Oil Ltd (IMO) | CA$17.01 Billion | 13.55% | 0.81x | $67.68 Billion |
| Cenovus Energy Inc (CVE) | $19.20 Billion | 11.43% | 0.86x | $61.76 Billion |
| Suncor Energy Inc (SU) | $6.13 Billion | 20.32% | 1.50x | $94.90 Billion |
About Imperial Oil Ltd
Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. It operates in three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. Its Downstream segment transports and refines crude oil; blends refined products; and distributes and markets refined… Read more