Imperial Oil (TSX:IMO) Tax Rate % : 21.55% (As of Dec. 2023)

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What is Imperial Oil Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Imperial Oil's Tax Expense for the three months ended in Dec. 2023 was C$375 Mil. Imperial Oil's Pre-Tax Income for the three months ended in Dec. 2023 was C$1,740 Mil. Therefore, Imperial Oil's Tax Rate % for the quarter that ended in Dec. 2023 was 21.55%.

Imperial Oil Tax Rate % Historical Data

The historical data trend for Imperial Oil's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Imperial Oil Tax Rate % Chart

Imperial Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-7.53

22.88

24.49

22.61

23.24

Imperial Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															24.22	24.13	23.64	23.76	21.55

Imperial Oil Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Imperial Oil's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	1480	/	6369
	=	23.24 %

Imperial Oil's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	375	/	1740
	=	21.55 %

Imperial Oil Tax Rate % Related Terms

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Imperial Oil (TSX:IMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Imperial Oil Ltd (TSX:IMO) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

IMO:USA IMP:Germany

Address

505 Quarry Park Boulevard S.E, Calgary, AB, CAN, T2C 5N1

Website

https://www.imperialoil.ca

Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d. The Upstream segment operates to produce crude oil and its equivalent, and natural gas. The Downstream segment operates to refine crude oil into petroleum products. The Chemical segment manufactures hydrocarbon-based chemicals and chemical products.