Imperial Oil (IMO) Tax Rate (2009 - 2026)
Imperial Oil (IMO) posted Tax Rate of 23.43% for Q2 2026, down 1.16% on a QoQ basis from 23.7% in Q1 2026, and down 29.0% year-over-year from 33.0% in Q2 2025.
Analysis
Imperial Oil (IMO) Tax Rate (2009 - 2026) Analysis & Trends
Imperial Oil has reported Tax Rate for 18 years, with the latest figure at 23.43% in Q2 2026.
- On a quarterly basis, Tax Rate fell 29.0% year-over-year to 23.43% in Q2 2026; TTM through Jun 2026 was 23.26%, a 17.0% increase from a year earlier, with the FY2025 full-year figure at 23.32%, up 10.0% from the prior year.
- Tax Rate was 23.43% for Q2 2026 at Imperial Oil, down from 23.7% in the prior quarter.
- The five-year high for Tax Rate was 24.22% in Q4 2022, with the low at 18.92% in Q3 2022.
- Average Tax Rate over 5 years is 23.11%, with a median of 23.67% recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Tax Rate sank 471 bps in 2022, then jumped 484 bps in 2023.
- Over 5 years, Tax Rate stood at 24.22% in 2022, then dropped by 11 bps to 21.55% in 2023, then grew by 3 bps to 22.22% in 2024, then declined by 2 bps to 21.78% in 2025, then grew by 8 bps to 23.43% in 2026.
- The last three Tax Rate figures came in at 23.43% (Q2 2026), 23.7% (Q1 2026), and 21.78% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | 26.95% |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | 31.41% |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 Bn | 13.89% |
| 4 | Eni Spa | 167.27 Bn | 151.69 Bn | - | -32.93% |
| 5 | Equinor Asa | 114.69 Bn | 105.36 Bn | - | -62.89% |
| 6 | Phillips 66 | 106.05 Bn | 101.95 Bn | 8.38 Bn | 21.97% |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | 26.47% |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | 23.43% |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 23.37% |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | 9.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.43% |
| Mar 31, 2026 | 23.70% |
| Dec 31, 2025 | 21.78% |
| Sep 30, 2025 | 23.11% |
| Jun 30, 2025 | 23.71% |
| Mar 31, 2025 | 23.70% |
| Dec 31, 2024 | 22.22% |
| Sep 30, 2024 | 22.83% |
| Jun 30, 2024 | 23.91% |
| Mar 31, 2024 | 23.98% |
| Dec 31, 2023 | 21.55% |
| Sep 30, 2023 | 23.76% |
| Jun 30, 2023 | 23.64% |
| Mar 31, 2023 | 24.13% |
| Dec 31, 2022 | 24.22% |
| Sep 30, 2022 | 18.92% |
| Jun 30, 2022 | 23.91% |
| Mar 31, 2022 | 23.53% |
| Dec 31, 2021 | 26.82% |
| Sep 30, 2021 | 23.63% |