Imperial Oil Limited (IMO) Revenue by Segment

Imperial Oil revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Imperial Oil's largest business segment was Downstream, with 17.85 billion CAD or 75% of revenue, up 43.6% from a year earlier. Next: Upstream (23%) and Chemical (2%).

The fastest-growing business segment from a year earlier was Upstream (+45.3%).

From company filings, in CAD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Imperial Oil Limited

IMOEnergy

Canada

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (CAD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

DownstreamUpstreamChemicalCorporate and otherCorporate Segment and Other Operating

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Downstream	CAD 17.85B	75.0%	+43.6%
Upstream	CAD 5.50B	23.1%	+45.3%
Chemical	CAD 447.00M	1.9%	+25.6%
Corporate and otheri	CAD 12.00M		-7.7%
Eliminationsi	-CAD 7.75B		–

Sum of items CAD 23.80B; corporate items and eliminations -CAD 7.73B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Downstream	17.9B	13.9B	12.4B	13.2B	12.4B	14.0B	14.1B	14.6B	14.6B	13.6B	14.5B	15.1B	12.7B	13.5B	15.9B	16.2B	18.8B	14.0B	14.5B	9.2B	5.8B	5.3B	4.2B	4.4B	2.7B	5.4B	6.3B	7.3B	7.2B	6.0B	–	5.5B
Upstream	5.5B	4.0B	3.6B	4.1B	3.8B	4.5B	4.7B	4.6B	4.6B	4.2B	4.4B	4.8B	3.6B	3.7B	4.3B	4.9B	5.9B	4.5B	4.3B	4.2B	3.9B	3.5B	2.9B	2.3B	1.2B	2.4B	2.3B	3.3B	3.0B	2.6B	–	2.3B
Chemical	447.0M	336.0M	306.0M	343.0M	356.0M	372.0M	357.0M	255.0M	418.0M	419.0M	329.0M	382.0M	437.0M	433.0M	422.0M	520.0M	563.0M	471.0M	449.0M	477.0M	456.0M	376.0M	281.0M	268.0M	199.0M	260.0M	331.0M	408.0M	402.0M	377.0M	–	324.0M
Corporate and other	12.0M	10.0M	15.0M	21.0M	13.0M	16.0M	14.0M	30.0M	25.0M	17.0M	32.0M	39.0M	30.0M	42.0M	46.0M	19.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Corporate Segment and Other Operating	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.0M	4.0M	–	–	5.0M	1.0M	–	–	6.0M	11.0M	6.0M	7.0M	5.0M	11.0M	–	2.0M

Imperial Oil revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Downstream	17.9B CAD	13.9B CAD	13.2B CAD	12.4B CAD	75%
Upstream	5.5B CAD	4.0B CAD	4.1B CAD	3.8B CAD	23%
Chemical	447.0M CAD	336.0M CAD	343.0M CAD	356.0M CAD	2%

In CAD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Imperial Oil's business segments?

Downstream, Upstream and Chemical (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Imperial Oil?

Downstream: 17.85 billion CAD, or 75% of revenue, in Q2 fiscal 2026.

MoreImperial Oil stock overview Imperial Oil financials Imperial Oil executive team Imperial Oil shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.