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Side-by-side financial comparison of IMPERIAL OIL LTD (IMO) and Occidental Petroleum (OXY), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
IMPERIAL OIL LTD is the larger business by last-quarter revenue ($8.2B vs $1.7B, roughly 5.0× Occidental Petroleum). Occidental Petroleum runs the higher net margin — 4.4% vs 6.9%, a 2.5% gap on every dollar of revenue. On growth, IMPERIAL OIL LTD posted the faster year-over-year revenue change (-10.5% vs -75.8%). Occidental Petroleum produced more free cash flow last quarter ($1.9B vs $938.8M). Over the past eight quarters, IMPERIAL OIL LTD's revenue compounded faster (-4.2% CAGR vs -50.4%).
Imperial Oil Limited is a Canadian petroleum company. It is Canada's second-largest integrated oil company that is also occasionally known as Imperial Esso. It is majority-owned by American oil company ExxonMobil, with a 69.6% ownership stake in the company. It is a producer of crude oil, diluted bitumen, and natural gas. Imperial Oil is one of Canada's major petroleum refiners and petrochemical producers. It supplies Esso-brand service stations.
Occidental Petroleum Corporation is an American company engaged in hydrocarbon exploration in the United States and the Middle East as well as petrochemical manufacturing in the United States, Canada, and Chile. It is incorporated under the Delaware General Corporation Law and headquartered in Houston. The company ranked 183rd on the 2021 Fortune 500 based on its 2020 revenues and 670th on the 2021 Forbes Global 2000.
IMO vs OXY — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $8.2B | $1.7B |
| Net Profit | $359.2M | $114.0M |
| Gross Margin | — | — |
| Operating Margin | 5.6% | -6.5% |
| Net Margin | 4.4% | 6.9% |
| Revenue YoY | -10.5% | -75.8% |
| Net Profit YoY | -59.8% | 195.0% |
| EPS (diluted) | — | $-0.07 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $8.2B | $1.7B | ||
| Q3 25 | $8.8B | $6.7B | ||
| Q2 25 | $8.2B | $6.3B | ||
| Q1 25 | $9.1B | $6.9B | ||
| Q4 24 | $9.2B | $6.9B | ||
| Q3 24 | $9.7B | $7.0B | ||
| Q2 24 | $9.8B | $6.8B | ||
| Q1 24 | $9.0B | $6.7B |
| Q4 25 | $359.2M | $114.0M | ||
| Q3 25 | $393.5M | $842.0M | ||
| Q2 25 | $692.8M | $468.0M | ||
| Q1 25 | $940.2M | $945.0M | ||
| Q4 24 | $894.3M | $-120.0M | ||
| Q3 24 | $903.0M | $1.1B | ||
| Q2 24 | $827.1M | $1.2B | ||
| Q1 24 | $872.4M | $888.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 87.8% | ||
| Q2 25 | — | 86.6% | ||
| Q1 25 | — | 88.4% | ||
| Q4 24 | — | 89.0% | ||
| Q3 24 | — | 88.5% | ||
| Q2 24 | — | 87.9% | ||
| Q1 24 | — | 89.0% |
| Q4 25 | 5.6% | -6.5% | ||
| Q3 25 | 5.8% | 17.4% | ||
| Q2 25 | 11.1% | 11.7% | ||
| Q1 25 | 13.5% | 19.3% | ||
| Q4 24 | 12.5% | -2.5% | ||
| Q3 24 | 12.1% | 22.7% | ||
| Q2 24 | 11.1% | 24.0% | ||
| Q1 24 | 12.8% | 15.0% |
| Q4 25 | 4.4% | 6.9% | ||
| Q3 25 | 4.5% | 12.6% | ||
| Q2 25 | 8.4% | 7.4% | ||
| Q1 25 | 10.3% | 13.7% | ||
| Q4 24 | 9.7% | -1.7% | ||
| Q3 24 | 9.3% | 16.2% | ||
| Q2 24 | 8.5% | 17.2% | ||
| Q1 24 | 9.7% | 13.2% |
| Q4 25 | — | $-0.07 | ||
| Q3 25 | — | $0.65 | ||
| Q2 25 | — | $0.26 | ||
| Q1 25 | — | $0.77 | ||
| Q4 24 | — | $-0.32 | ||
| Q3 24 | — | $0.98 | ||
| Q2 24 | — | $1.03 | ||
| Q1 24 | — | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $833.7M | $2.0B |
| Total DebtLower is stronger | $2.9B | $20.6B |
| Stockholders' EquityBook value | $16.2B | $36.0B |
| Total Assets | $30.9B | $84.2B |
| Debt / EquityLower = less leverage | 0.18× | 0.57× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $833.7M | $2.0B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $714.7M | $2.1B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.5B | $1.8B | ||
| Q1 24 | $858.5M | $1.3B |
| Q4 25 | $2.9B | $20.6B | ||
| Q3 25 | $2.9B | $20.8B | ||
| Q2 25 | $2.9B | $23.3B | ||
| Q1 25 | $2.9B | $24.0B | ||
| Q4 24 | $2.9B | $25.0B | ||
| Q3 24 | $2.9B | $25.5B | ||
| Q2 24 | $2.9B | $18.4B | ||
| Q1 24 | $2.9B | $18.5B |
| Q4 25 | $16.2B | $36.0B | ||
| Q3 25 | $17.3B | $36.3B | ||
| Q2 25 | $18.2B | $35.7B | ||
| Q1 25 | $17.8B | $34.7B | ||
| Q4 24 | $17.1B | $34.2B | ||
| Q3 24 | $17.3B | $34.7B | ||
| Q2 24 | $17.5B | $32.1B | ||
| Q1 24 | $16.9B | $30.8B |
| Q4 25 | $30.9B | $84.2B | ||
| Q3 25 | $31.4B | $83.5B | ||
| Q2 25 | $32.2B | $84.4B | ||
| Q1 25 | $32.0B | $85.0B | ||
| Q4 24 | $31.3B | $85.4B | ||
| Q3 24 | $31.0B | $85.8B | ||
| Q2 24 | $32.2B | $76.2B | ||
| Q1 24 | $31.0B | $74.3B |
| Q4 25 | 0.18× | 0.57× | ||
| Q3 25 | 0.17× | 0.57× | ||
| Q2 25 | 0.16× | 0.65× | ||
| Q1 25 | 0.16× | 0.69× | ||
| Q4 24 | 0.17× | 0.73× | ||
| Q3 24 | 0.17× | 0.73× | ||
| Q2 24 | 0.17× | 0.57× | ||
| Q1 24 | 0.17× | 0.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.4B | $2.6B |
| Free Cash FlowOCF − Capex | $938.8M | $1.9B |
| FCF MarginFCF / Revenue | 11.4% | 113.4% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 5.6% | 45.4% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 3.90× | 23.11× |
| TTM Free Cash FlowTrailing 4 quarters | $3.4B | $4.1B |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $1.4B | $2.6B | ||
| Q3 25 | $1.3B | $2.8B | ||
| Q2 25 | $1.1B | $3.0B | ||
| Q1 25 | $1.1B | $2.1B | ||
| Q4 24 | $1.3B | $3.4B | ||
| Q3 24 | $1.1B | $3.7B | ||
| Q2 24 | $1.2B | $2.4B | ||
| Q1 24 | $785.5M | $2.0B |
| Q4 25 | $938.8M | $1.9B | ||
| Q3 25 | $944.6M | $1.0B | ||
| Q2 25 | $725.6M | $962.0M | ||
| Q1 25 | $824.2M | $240.0M | ||
| Q4 24 | $997.2M | $1.6B | ||
| Q3 24 | $730.7M | $2.0B | ||
| Q2 24 | $852.6M | $623.0M | ||
| Q1 24 | $422.7M | $224.0M |
| Q4 25 | 11.4% | 113.4% | ||
| Q3 25 | 10.7% | 15.3% | ||
| Q2 25 | 8.8% | 15.2% | ||
| Q1 25 | 9.0% | 3.5% | ||
| Q4 24 | 10.8% | 23.0% | ||
| Q3 24 | 7.5% | 28.5% | ||
| Q2 24 | 8.7% | 9.2% | ||
| Q1 24 | 4.7% | 3.3% |
| Q4 25 | 5.6% | 45.4% | ||
| Q3 25 | 4.2% | 26.5% | ||
| Q2 25 | 4.2% | 31.6% | ||
| Q1 25 | 3.2% | 27.6% | ||
| Q4 24 | 3.4% | 26.0% | ||
| Q3 24 | 3.7% | 24.0% | ||
| Q2 24 | 3.4% | 26.0% | ||
| Q1 24 | 4.0% | 26.5% |
| Q4 25 | 3.90× | 23.11× | ||
| Q3 25 | 3.34× | 3.31× | ||
| Q2 25 | 1.54× | 6.32× | ||
| Q1 25 | 1.19× | 2.27× | ||
| Q4 24 | 1.46× | — | ||
| Q3 24 | 1.20× | 3.23× | ||
| Q2 24 | 1.44× | 2.05× | ||
| Q1 24 | 0.90× | 2.26× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
