Imperial Oil Reports $2.2 Billion Second-Quarter Profit

Imperial Oil Ltd. reported a second-quarter profit of $2.2 billion for the period ending June 30, 2026, a significant increase from the $949 million earned during the same period in 2025. The growth was primarily driven by higher commodity prices, with revenue and other income rising to $16.06 billion from $11.23 billion a year earlier. Earnings per diluted share rose to $4.52, compared to $1.86 in the previous year.

Despite the financial gains, the company experienced declines in operational volume. Upstream production averaged 414,000 gross oil-equivalent barrels per day, down from 427,000 in the prior year. Refinery throughput similarly dropped, averaging 331,000 barrels per day compared to 376,000 a year earlier.

Imperial Oil downgraded its 2026 refinery throughput guidance to a range of 370,000 to 380,000 barrels per day. The company attributed this adjustment to unplanned downtime and rail logistic hurdles at its Strathcona facility.