Core Insights - Imperial Oil Limited (IMO) reported third-quarter 2025 adjusted earnings per share of $1.57, exceeding the Zacks Consensus Estimate of $1.44, but down from $1.71 in the same quarter last year [1][10] - Revenues of $8.8 billion fell short of the Zacks Consensus Estimate of $11.1 billion and decreased from $9.7 billion year-over-year, attributed to weak performance in both Upstream and Downstream segments [2][10] - The company returned C$366 million to shareholders through dividend payments during the quarter [2] Financial Performance - The company announced a quarterly dividend of 72 Canadian cents per share, payable on January 1, 2026, to shareholders of record as of December 3, 2025 [3] - Total expenses were C$11.3 billion, down from C$11.7 billion year-over-year and below the prediction of C$12.4 billion [13] - Cash flow from operating activities was C$1.8 billion, an increase from C$1.5 billion in the prior year [14] Segment Performance - Upstream revenues were C$4.1 billion, down from C$4.6 billion year-over-year and missing expectations of C$5.1 billion, with net income of C$728 million compared to C$1 billion in the previous year [4] - Average upstream production was 462,000 gross oil-equivalent barrels per day, up from 447,000 boe/d year-over-year and exceeding expectations of 450,000 boe/d [5] - Downstream revenues decreased to C$13.2 billion from C$14.6 billion year-over-year, missing expectations of C$13.6 billion [8] Production and Pricing - Total gross bitumen production at Kearl averaged 316,000 barrels per day, an increase from 295,000 barrels per day in the third quarter of 2024, driven by improved reliability [6] - Bitumen price realizations were C$68.22 per barrel, down from C$77.24 year-over-year, while synthetic oil averaged C$91.12 per barrel compared to C$104.41 in the prior year [8] - The company recorded petroleum product sales of 464,000 barrels per day, down from 487,000 barrels per day in the third quarter of 2024 [11] Strategic Initiatives - Imperial Oil announced restructuring plans to streamline operations by centralizing corporate and technical functions, aiming to enhance cash flow and deliver superior shareholder returns [3]