Imperial Oil (IMO) Return on Capital Employed [ROCE] (2009 - 2026)
Imperial Oil's Return on Capital Employed [ROCE] was 22.09% in Q3 2026, up 8.16 percentage points from 13.92% a year earlier and up 6.90 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).
- The Q3 2026 figure marks the highest quarterly Return on Capital Employed [ROCE] since Q1 2023.
- Compared with a year earlier, Return on Capital Employed [ROCE] was higher in 1 of the last eight quarters, with an average year-over-year change of -1.66 percentage points.
- 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 Q3 2026 was 15.19% (Q2 2026), 11.08% (Q1 2026) and 11.68% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 14.97% |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 13.86% |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | 15.97% |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 26.08% |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | 7.67% |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 28.17% |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 26.83% |
| 10 | Imperial Oil | 59.85 Bn | 54.24 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();