2 unchanged sentences
GAAP, unaudited)
−Removed: Second Quarter
+Added: Third Quarter
+Added: to September 30
millions of Canadian dollars 2024 2023 2024 2023
2 unchanged sentences
Investment and other income (note 3)
+Added: 44 47 113 166
Total revenues and other income 13,259 13,920 38,925 37,860
27 unchanged sentences
(d) Amounts to related parties included in financing.
+Added: 40 44 127 124
The information in the notes to consolidated financial statements is an integral part of these statements.
2 unchanged sentences
GAAP, unaudited)
−Removed: Second Quarter
+Added: Third Quarter
+Added: to September 30
millions of Canadian dollars 2024 2023 2024 2023
49 unchanged sentences
GAAP, unaudited)
−Removed: Second Quarter
+Added: Third Quarter
+Added: to September 30
millions of Canadian dollars 2024 2023 2024 2023
18 unchanged sentences
GAAP, unaudited)
−Removed: Second Quarter
+Added: Third Quarter
+Added: to September 30
millions of Canadian dollars 2024 2023 2024 2023
24 unchanged sentences
Common shares purchased (note 9)
+Added: ( 1,206 ) ( 1,342 ) ( 1,206 ) ( 1,342 )
Cash flows from (used in) financing activities ( 1,533 ) ( 1,639 ) ( 2,145 ) ( 2,173 )
19 unchanged sentences
The company’s exploration and production activities are accounted for under the “successful efforts” method.
−Removed: The results for the six months ended June 30, 2024, are not necessarily indicative of the operations to be expected for the full year.
+Added: The results for the nine months ended September 30, 2024, are not necessarily indicative of the operations to be expected for the full year.
All amounts are in Canadian dollars unless otherwise indicated.
1 unchanged sentence
Business segments
−Removed: Second Quarter
+Added: Third Quarter
+Added: Downstream (d)
millions of Canadian dollars 2024 2023 2024 2023 2024 2023
25 unchanged sentences
300 244 133 103 3 2
−Removed: Second Quarter
+Added: Third Quarter
Corporate and other
33 unchanged sentences
Contractual terms, credit quality and type of customer are generally similar between contracts within the scope of ASC 606 and those outside it.
−Removed: Revenues Second Quarter
+Added: Revenues Third Quarter
millions of Canadian dollars 2024 2023
4 unchanged sentences
CAPEX excludes the purchase of carbon emission credits.
+Added: (d) In the third quarter of 2024, benzene and aromatic solvents are reported under the Downstream segment, whereas in the third quarter of 2023, they were reported under the Chemicals segment.
+Added: The company has determined that the impact of this change is not material;
+Added: therefore, the comparative period has not been recast.
IMPERIAL OIL LIMITED
−Removed: Six Months to June 30
+Added: Nine Months to September 30
+Added: Downstream (d)
millions of Canadian dollars 2024 2023 2024 2023 2024 2023
25 unchanged sentences
857 868 435 329 11 11
−Removed: Total assets as at June 30
+Added: Total assets as at September 30
28,186 28,356 11,104 10,912 452 441
−Removed: Six Months to June 30
+Added: Nine Months to September 30
Corporate and other
27 unchanged sentences
141 101 — — 1,444 1,309
−Removed: Total assets as at June 30
+Added: Total assets as at September 30
2,942 4,346 ( 155 ) ( 469 ) 42,529 43,586
5 unchanged sentences
Contractual terms, credit quality and type of customer are generally similar between contracts within the scope of ASC 606 and those outside it.
−Removed: Revenues Six Months
+Added: Revenues Nine Months
+Added: to September 30
millions of Canadian dollars 2024 2023
4 unchanged sentences
CAPEX excludes the purchase of carbon emission credits.
+Added: (d) In 2024, benzene and aromatic solvents are reported under the Downstream segment, whereas in 2023, they were reported under the Chemicals segment.
+Added: The company has determined that the impact of this change is not material;
+Added: therefore, the comparative period has not been recast.
IMPERIAL OIL LIMITED
1 unchanged sentence
Investment and other income included gains and losses on asset sales as follows:
−Removed: Second Quarter
+Added: Third Quarter
+Added: to September 30
millions of Canadian dollars 2024 2023 2024 2023
5 unchanged sentences
The components of net benefit cost were as follows:
−Removed: Second Quarter
+Added: Third Quarter
+Added: to September 30
millions of Canadian dollars 2024 2023 2024 2023
12 unchanged sentences
Financing costs
−Removed: Second Quarter
+Added: Third Quarter
+Added: to September 30
millions of Canadian dollars 2024 2023 2024 2023
Debt-related interest
+Added: 48 53 152 148
Capitalized interest
9 unchanged sentences
Total long-term debt 3,997 4,011
−Removed: In June 2024, the company extended the maturity date of its existing long-term, variable-rate, Canadian dollar loan from ExxonMobil to June 30, 2035.
+Added: As previously communicated, in June 2024, the company extended the maturity date of its existing long-term, variable-rate, Canadian dollar loan from ExxonMobil to June 30, 2035.
All other terms and conditions remain unchanged.
16 unchanged sentences
There are no material differences between the fair value of the company’s financial instruments and the recorded carrying value.
−Removed: At June 30, 2024 and December 31, 2023, the fair value of long-term debt ($ 3,447 million, excluding finance lease obligations) was primarily a level 2 measurement.
+Added: At September 30, 2024 and December 31, 2023, the fair value of long-term debt ($ 3,447 million, excluding finance lease obligations) was primarily a level 2 measurement.
Derivative instruments
10 unchanged sentences
Realized and unrealized gain/(loss) on derivative instruments recognized in the Consolidated statement of income is included in the following lines on a before-tax basis:
−Removed: Second Quarter
+Added: Third Quarter
+Added: to September 30
millions of Canadian dollars 2024 2023 2024 2023
2 unchanged sentences
The estimated fair value of derivative instruments, and the related hierarchy level for the fair value measurement, were as follows:
−Removed: At June 30, 2024
+Added: At September 30, 2024
millions of Canadian dollars
23 unchanged sentences
“Accounts payable and accrued liabilities” and “Other long-term obligations”.
−Removed: At June 30, 2024 and December 31, 2023, the company had $ 17 million and $ 24 million, respectively, of collateral under a master netting arrangement not offset against the derivatives on the Consolidated balance sheet in “Accounts receivable - net”, primarily related to initial margin requirements.
+Added: At September 30, 2024 and December 31, 2023, the company had $ 25 million and $ 24 million, respectively, of collateral under a master netting arrangement not offset against the derivatives on the Consolidated balance sheet in “Accounts receivable - net”, primarily related to initial margin requirements.
IMPERIAL OIL LIMITED
3 unchanged sentences
Outstanding 523,403 535,837
−Removed: The current 12-month normal course issuer bid program came into effect June 29, 2024 under which Imperial will continue its existing share purchase program.
+Added: The current 12-month normal course issuer bid program came into effect June 29, 2024 under which Imperial has continued its existing share purchase program.
The program enables the company to purchase up to a maximum of 26,791,840 common shares ( 5 percent of the total shares on June 15, 2024) which includes shares purchased under the normal course issuer bid from Exxon Mobil Corporation.
10 unchanged sentences
Purchases at stated value ( 12,434 ) ( 23 )
−Removed: Balance as at June 30, 2024
+Added: Balance as at September 30, 2024
The following table provides the calculation of basic and diluted earnings per common share and the dividends declared by the company on its outstanding common shares:
−Removed: Second Quarter
+Added: Third Quarter
+Added: to September 30
2024 2023 2024 2023
28 unchanged sentences
Amounts reclassified from accumulated other comprehensive income 38 29
−Removed: Balance at June 30 ( 648 ) ( 471 )
+Added: Balance at September 30 ( 635 ) ( 462 )
Amounts reclassified out of accumulated other comprehensive income (loss) – before-tax income (expense):
−Removed: Second Quarter
+Added: Third Quarter
+Added: to September 30
millions of Canadian dollars 2024 2023 2024 2023
4 unchanged sentences
Income tax expense (credit) for components of other comprehensive income (loss):
−Removed: Second Quarter
+Added: Third Quarter
+Added: to September 30
millions of Canadian dollars 2024 2023 2024 2023
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.