# Imperial Oil Limited (IMO) — Stock CV

Imperial Oil Limited is a $59.5B energy company. Revenue shrank 9.2% over the last year, it keeps 6¢ of every dollar of sales as profit, and its net debt equals ~0.7 years of free cash flow. It trades at 20.3× earnings — in the most expensive third of its own history.

> Imperial Oil Ltd is an integrated oil company active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil, natural gas, petroleum products, and petrochemicals.

## Identity

- **Ticker**: IMO
- **Sector**: Energy
- **Industry**: Petroleum Refining
- **Headquarters**: CALGARY, A0
- **Employees**: 5 000
- **Website**: https://www.imperialoil.ca
- **Market cap**: $59.5B
- **Last price**: $123.01
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $47.0B
- **Net income**: $2.92B
- **Free cash flow**: $3.85B
- **Net debt**: $2.85B
- **P/E**: 20.3
- **Revenue growth (YoY)**: -9.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 65 |
| Growth | 37 |
| Profitability | 57 |
| Health | 75 |
| Quality | 85 |
| Moat | 42 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [ ] Revenue growing — -9.2% YoY
- [x] Profitable — $2.92B TTM
- [ ] Profit growing — -17.3% YoY
- [x] Generates cash — $3.85B TTM
- [x] Debt under control — ~0.7y of cash flow to repay
- [x] Established company — $59.5B market cap
- [x] Not printing shares — -21.4% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [x] Financially stable — Altman Z 2.7 — grey
- [x] Pays a dividend — yield 1.77%
- [x] Valuation not extreme — P/E 20.3

## Experience (career milestones)

- **FY2022** — Revenue crossed $1B: $59.7B for the year
- **FY2022** — Revenue crossed $10B: $59.7B for the year
- **FY2022** — Revenue crossed $50B: $59.7B for the year
- **FY2022** — Best year on record: $7.34B net income
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **FY2016** — First recorded profitable year: $2.17B net income
- **1989** — Imperial Oil acquired Texaco's Canadian operations
- **1884** — Imperial Oil purchased the exclusive use of Herman Frasch's fractional distillation patent

## Strengths

- Could repay net debt from ~0.8 years of free cash flow
- Interest covered 157.3× by operating earnings

## Watch-outs

- Revenue shrinking 9.2% year over year
- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | — | $2.48B | $4.37B |
| FY2022 | $59.7B | $7.34B | $8.96B |
| FY2023 | $51.0B | $4.89B | $1.95B |
| FY2024 | $51.5B | $4.79B | $4.11B |
| FY2025 | $47.1B | $3.27B | $4.70B |

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Source: https://stockcv.com/IMO — derived from company filings; may be delayed or incomplete. Information, not investment advice.