Imperial Oil (IMO) Return on Capital Employed [ROCE] (2009 - 2026)
Imperial Oil's Return on Capital Employed [ROCE] was 15.19% in Q2 2026, down 1.33 percentage points from 16.52% a year earlier but up 4.11 percentage points from the prior quarter.
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Analysis
Imperial Oil (IMO) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Imperial Oil came in at 11.96%, down 5.92 percentage points from FY2024.
- Return on Capital Employed [ROCE] has now declined for three consecutive years, though with a five-year change of +18.12 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 17.88% in FY2024 (-0.03 pp), 17.91% in FY2023 (-10.88 pp), 28.80% in FY2022 (+18.77 pp) and 10.03% in FY2021 (+16.19 pp).
- Quarterly Return on Capital Employed [ROCE] has moved between 2.40% (Q3 2021) and 29.11% (Q4 2022) over five years.
- Compared with a year earlier, Return on Capital Employed [ROCE] has declined for 12 straight quarters, with an average year-over-year change of -2.94 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q3 2022 (a gain of 22.18 percentage points); the worst was Q4 2023 (a drop of 11.27 percentage points).
- Per Business Quant data, IMO's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was 11.08% (Q1 2026), 11.68% (Q4 2025) and 13.92% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 702.52 Bn | 660.66 Bn | - | 14.97% |
| 2 | Chevron | 427.59 Bn | 399.71 Bn | 33.45 Bn | 11.04% |
| 3 | Shell | 299.61 Bn | 159.87 Bn | - | 15.97% |
| 4 | TotalEnergies SE | 197.84 Bn | 68.92 Bn | 31,614.00 | 26.08% |
| 5 | Conocophillips | 165.71 Bn | 138.42 Bn | 12.81 Bn | 28.17% |
| 6 | Equinor Asa | 111.12 Bn | 23.97 Bn | 4.49 Bn | - |
| 7 | Canadian Natural Resources | 104.02 Bn | 101.03 Bn | 8.84 Bn | - |
| 8 | Phillips 66 | 102.56 Bn | 86.35 Bn | 10.69 Bn | 26.83% |
| 9 | Suncor Energy | 88.02 Bn | 73.77 Bn | - | 2.07% |
| 10 | Imperial Oil | 61.10 Bn | 55.49 Bn | - | 22.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.09% |
| Jun 30, 2026 | 15.19% |
| Mar 31, 2026 | 11.08% |
| Dec 31, 2025 | 11.68% |
| Sep 30, 2025 | 13.92% |
| Jun 30, 2025 | 16.52% |
| Mar 31, 2025 | 18.08% |
| Dec 31, 2024 | 17.77% |
| Sep 30, 2024 | 17.57% |
| Jun 30, 2024 | 19.74% |
| Mar 31, 2024 | 18.13% |
| Dec 31, 2023 | 17.85% |
| Sep 30, 2023 | 19.69% |
| Jun 30, 2023 | 20.66% |
| Mar 31, 2023 | 27.45% |
| Dec 31, 2022 | 29.11% |
| Sep 30, 2022 | 24.58% |
| Jun 30, 2022 | 20.47% |
| Mar 31, 2022 | 12.99% |
| Dec 31, 2021 | 9.60% |
API Access
Imperial Oil Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=IMO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "IMO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=IMO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();