10-Q

FORM 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

[✓]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2017

OR

[    ]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from --- to ---

Commission file number 0-12014

IMPERIAL OIL LIMITED

(Exact name of registrant as specified in its charter)

CANADA	98-0017682
(State or other jurisdiction	(I.R.S. Employer
of incorporation or organization)	Identification No.)
505 Quarry Park Boulevard S.E.
Calgary, Alberta, Canada	T2C 5N1
(Address of principal executive offices)	(Postal Code)

Registrant’s telephone number, including area code: 1-800-567-3776                

The registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 91 days.

YES    ✓    NO           

The registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

YES    ✓    NO           

The registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definition of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act of 1934).

Large accelerated filer	✓	Smaller reporting company
Non-accelerated filer		Emerging growth company
Accelerated filer

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          

The registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act of 1934).

YES            NO     ✓  

The number of common shares outstanding, as of June 30, 2017 was 844,312,999.

IMPERIAL OIL LIMITED

Table of contents

		Page
PART I. FINANCIAL INFORMATION			3
Item 1.	Financial statements		3
	Consolidated statement of income		3
	Consolidated statement of comprehensive income		4
	Consolidated balance sheet		5
	Consolidated statement of cash flows		6
	Notes to the consolidated financial statements		7
Item 2.	Management’s discussion and analysis of financial condition and results of operations		14
Item 3.	Quantitative and qualitative disclosures about market risk		19
Item 4.	Controls and procedures		19
PART II. OTHER INFORMATION			20
Item 1.	Legal proceedings		20
Item 2.	Unregistered sales of equity securities and use of proceeds		20
Item 6.	Exhibits		21
SIGNATURES			22

In this report all dollar amounts are expressed in Canadian dollars unless otherwise stated. This report should be read in conjunction with the company’s annual report on Form 10-K for the year ended December 31, 2016. Note that numbers may not add due to rounding.

The term “project” as used in this report can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports.

In this report, unless the context otherwise indicates, reference to “the company” or “Imperial” includes Imperial Oil Limited and its subsidiaries.

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IMPERIAL OIL LIMITED

PART I. FINANCIAL INFORMATION

Item 1.  Financial statements

Consolidated statement of income (U.S. GAAP, unaudited)

		Second Quarter						Six Months to June 30
millions of Canadian dollars		2017			2016			2017		2016
Revenues and other income
Operating revenues (a)			6,985			6,225			13,943		11,399
Investment and other income (note 3)			48			23			246		71
Total revenues and other income			7,033			6,248			14,189		11,470
Expenses
Exploration			-			42			22		59
Purchases of crude oil and products (b)			4,642			4,041			8,975		7,027
Production and manufacturing (c)			1,525			1,310			2,900		2,581
Selling and general (c)			201			267			407		537
Federal excise tax			421			415			815		803
Depreciation and depletion			352			407			744		831
Financing costs (note 5)			17			18			31		33
Total expenses			7,158			6,500			13,894		11,871
Income (loss) before income taxes			(125	)		(252	)		295		(401)
Income taxes			(48	)		(71	)		39		(119)
Net income (loss)			(77	)		(181	)		256		(282)
Per-share information (Canadian dollars)
Net income (loss) per common share - basic (note 8)			(0.09	)		(0.21	)		0.30		(0.33)
Net income (loss) per common share - diluted (note 8)			(0.09	)		(0.21	)		0.30		(0.33)
Dividends per common share			0.16			0.15			0.31		0.29
(a)	Amounts from related parties included in operating revenues.		1,008			446			2,045		1,009
(b)	Amounts to related parties included in purchases of crude oil and products.		706			286			1,315		917
(c)	Amounts to related parties included in production and manufacturing, and selling and general expenses.		147			157			288		261

The information in the notes to consolidated financial statements is an integral part of these statements.

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IMPERIAL OIL LIMITED

Consolidated statement of comprehensive income (U.S. GAAP, unaudited)

	Second Quarter						Six Months to June 30
millions of Canadian dollars	2017			2016			2017		2016
Net income (loss)		(77	)		(181	)		256		(282)
Other comprehensive income (loss), net of income taxes
Post-retirement benefits liability adjustment (excluding amortization)		-			-			41		100
Amortization of post-retirement benefits liability adjustment included in net periodic benefit costs		36			33			72		74
Total other comprehensive income (loss)		36			33			113		174
Comprehensive income (loss)		(41	)		(148	)		369		(108)

The information in the notes to consolidated financial statements is an integral part of these statements.

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IMPERIAL OIL LIMITED

Consolidated balance sheet (U.S. GAAP, unaudited)

millions of Canadian dollars	As at June 30 2017			As at Dec 31 2016
Assets
Current assets
Cash		623			391
Accounts receivable, less estimated doubtful accounts (a)		1,599			2,023
Inventories of crude oil and products		1,044			949
Materials, supplies and prepaid expenses		490			468
Total current assets		3,756			3,831
Investments and long-term receivables		907			1,030
Property, plant and equipment,		53,734			53,515
less accumulated depreciation and depletion		(17,888	)		(17,182	)
Property, plant and equipment, net		35,846			36,333
Goodwill		186			186
Other assets, including intangibles, net		410			274
Total assets		41,105			41,654
Liabilities
Current liabilities
Notes and loans payable (b)		203			202
Accounts payable and accrued liabilities (a) (note 7)		2,962			3,193
Income taxes payable		40			488
Total current liabilities		3,205			3,883
Long-term debt (c) (note 6)		5,019			5,032
Other long-term obligations (d) (note 7)		3,678			3,656
Deferred income tax liabilities		4,203			4,062
Total liabilities		16,105			16,633
Shareholders’ equity
Common shares at stated value (e) (note 8)		1,560			1,566
Earnings reinvested (note 9)		25,224			25,352
Accumulated other comprehensive income (loss) (note 10)		(1,784	)		(1,897	)
Total shareholders’ equity		25,000			25,021
Total liabilities and shareholders’ equity		41,105			41,654

(a) Accounts receivable, less estimated doubtful accounts included net amounts receivable from related parties of $126 million (2016 - $172 million).

(b) Notes and loans payable included amounts to related parties of $75 million (2016 - $75 million).

(c) Long-term debt included amounts to related parties of $4,447 million (2016 - $4,447 million).

(d) Other long-term obligations included amounts to related parties of $82 million (2016 - $104 million).

(e) Number of common shares authorized and outstanding were 1,100 million and 844 million, respectively (2016 - 1,100 million and 848 million, respectively).

The information in the notes to consolidated financial statements is an integral part of these statements.

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IMPERIAL OIL LIMITED

Consolidated statement of cash flows (U.S. GAAP, unaudited)

Inflow (outflow)	Second Quarter						Six Months to June 30
millions of Canadian dollars	2017			2016			2017			2016
Operating activities
Net income (loss)		(77	)		(181	)		256			(282)
Adjustments for non-cash items:
Depreciation and depletion		352			407			744			831
(Gain) loss on asset sales (note 3)		(31	)		(13	)		(213	)		(43)
Deferred income taxes and other		(37	)		(98	)		163			(180)
Changes in operating assets and liabilities:
Accounts receivable		146			(338	)		424			(396)
Inventories, materials, supplies and prepaid expenses		(45	)		151			(117	)		119
Income taxes payable		16			22			(448	)		13
Accounts payable and accrued liabilities		(30	)		371			(240	)		182
All other items - net (a)		198			122			277			248
Cash flows from (used in) operating activities		492			443			846			492
Investing activities
Additions to property, plant and equipment		(320	)		(313	)		(442	)		(704)
Proceeds from asset sales (note 3)		39			17			222			50
Additional investments		-			(1	)		-			(1)
Cash flows from (used in) investing activities		(281	)		(297	)		(220	)		(655)
Financing activities
Short-term debt - net		-			20			-			(88)
Long-term debt - additions (note 6)		-			-			-			495
Reduction in capitalized lease obligations		(6	)		(8	)		(13	)		(15)
Dividends paid		(127	)		(118	)		(254	)		(237)
Common shares purchased (note 8)		(127	)		-			(127	)		-
Cash flows from (used in) financing activities		(260	)		(106	)		(394	)		155
Increase (decrease) in cash		(49	)		40			232			(8)
Cash at beginning of period		672			155			391			203
Cash at end of period (b)		623			195			623			195
(a)    Included contribution to registered pension plans.		(58	)		(45	)		(98	)		(76)
(b)    Cash is composed of cash in bank and cash equivalents at cost. Cash equivalents are all highly liquid securities with maturity of three months or less when purchased.

The information in the notes to consolidated financial statements is an integral part of these statements.

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IMPERIAL OIL LIMITED

Notes to consolidated financial statements (unaudited)

1.  Basis of financial statement preparation

These unaudited consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles of the United States of America (GAAP) and follow the same accounting policies and methods of computation as, and should be read in conjunction with, the most recent annual consolidated financial statements filed with the U.S. Securities and Exchange Commission (SEC) in the company’s 2016 annual report on Form 10-K. In the opinion of the company, the information furnished herein reflects all known accruals and adjustments necessary for a fair statement of the results for the periods reported herein. All such adjustments are of a normal recurring nature. Prior data has been reclassified in certain cases to conform to the current presentation basis.

The company’s exploration and production activities are accounted for under the “successful efforts” method.

The results for the six months ended June 30, 2017, are not necessarily indicative of the operations to be expected for the full year.

All amounts are in Canadian dollars unless otherwise indicated.

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IMPERIAL OIL LIMITED

2. Business segments

Second Quarter	Upstream				Downstream				Chemical
millions of Canadian dollars	2017		2016		2017		2016		2017		2016
Revenues and other income
Operating revenues (a)		1,787		1,403		4,909		4,559		289		263
Intersegment sales		289		328		242		211		62		54
Investment and other income (note 3)		5		2		42		20		(2)		-
		2,081		1,733		5,193		4,790		349		317
Expenses
Exploration		-		42		-		-		-		-
Purchases of crude oil and products		1,026		905		4,014		3,555		193		171
Production and manufacturing		1,051		838		426		421		48		51
Selling and general		(7)		(3)		185		253		19		19
Federal excise tax		-		-		421		415		-		-
Depreciation and depletion		298		350		47		51		3		2
Financing costs (note 5)		-		(1)		-		-		-		-
Total expenses		2,368		2,131		5,093		4,695		263		243
Income (loss) before income taxes		(287)		(398)		100		95		86		74
Income taxes		(86)		(108)		22		24		22		19
Net income (loss)		(201)		(290)		78		71		64		55
Cash flows from (used in) operating activities		117		82		302		295		100		72
Capital and exploration expenditures (b)		91		250		39		64		3		8
Second Quarter	Corporate and Other				Eliminations				Consolidated
millions of Canadian dollars	2017		2016		2017		2016		2017		2016
Revenues and other income
Operating revenues (a)		-		-		-		-		6,985		6,225
Intersegment sales		-		-		(593)		(593)		-		-
Investment and other income (note 3)		3		1		-		-		48		23
		3		1		(593)		(593)		7,033		6,248
Expenses
Exploration		-		-		-		-		-		42
Purchases of crude oil and products		-		-		(591)		(590)		4,642		4,041
Production and manufacturing		-		-		-		-		1,525		1,310
Selling and general		6		1		(2)		(3)		201		267
Federal excise tax		-		-		-		-		421		415
Depreciation and depletion		4		4		-		-		352		407
Financing costs (note 5)		17		19		-		-		17		18
Total expenses		27		24		(593)		(593)		7,158		6,500
Income (loss) before income taxes		(24)		(23)		-		-		(125)		(252)
Income taxes		(6)		(6)		-		-		(48)		(71)
Net income (loss)		(18)		(17)		-		-		(77)		(181)
Cash flows from (used in) operating activities		(27)		(6)		-		-		492		443
Capital and exploration expenditures (b)		10		13		-		-		143		335

(a) Included export sales to the United States of $1,045 million (2016 - $966 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

(b) Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions.

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IMPERIAL OIL LIMITED

Six Months to June 30	Upstream				Downstream				Chemical
millions of Canadian dollars	2017		2016		2017		2016		2017		2016
Revenues and other income
Operating revenues (a)		3,498		2,383		9,883		8,499		562		517
Intersegment sales		907		807		551		436		129		98
Investment and other income (note 3)		10		21		233		49		(1)		-
		4,415		3,211		10,667		8,984		690		615
Expenses
Exploration		22		59		-		-		-		-
Purchases of crude oil and products		2,142		1,723		8,023		6,312		394		330
Production and manufacturing		2,024		1,747		775		736		101		98
Selling and general		(4)		(2)		373		491		41		41
Federal excise tax		-		-		815		803		-		-
Depreciation and depletion		634		707		95		112		6		4
Financing costs (note 5)		4		(4)		-		-		-		-
Total expenses		4,822		4,230		10,081		8,454		542		473
Income (loss) before income taxes		(407)		(1,019)		586		530		148		142
Income taxes		(120)		(281)		128		139		39		38
Net income (loss)		(287)		(738)		458		391		109		104
Cash flows from (used in) operating activities		425		(400)		358		764		77		132
Capital and exploration expenditures (b)		194		596		73		107		7		14
Total assets as at June 30		35,527		37,166		4,334		5,239		384		393
Six Months to June 30	Corporate and Other				Eliminations				Consolidated
millions of Canadian dollars	2017		2016		2017		2016		2017		2016
Revenues and other income
Operating revenues (a)		-		-		-		-		13,943		11,399
Intersegment sales		-		-		(1,587)		(1,341)		-		-
Investment and other income (note 3)		4		1		-		-		246		71
		4		1		(1,587)		(1,341)		14,189		11,470
Expenses
Exploration		-		-		-		-		22		59
Purchases of crude oil and products		-		-		(1,584)		(1,338)		8,975		7,027
Production and manufacturing		-		-		-		-		2,900		2,581
Selling and general		-		10		(3)		(3)		407		537
Federal excise tax		-		-		-		-		815		803
Depreciation and depletion		9		8		-		-		744		831
Financing costs (note 5)		27		37		-		-		31		33
Total expenses		36		55		(1,587)		(1,341)		13,894		11,871
Income (loss) before income taxes		(32)		(54)		-		-		295		(401)
Income taxes		(8)		(15)		-		-		39		(119)
Net income (loss)		(24)		(39)		-		-		256		(282)
Cash flows from (used in) operating activities		(14)		(4)		-		-		846		492
Capital and exploration expenditures (b)		22		26		-		-		296		743
Total assets as at June 30		1,071		662		(211)		(216)		41,105		43,244

(a) Included export sales to the United States of $1,944 million (2016 - $1,763 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

(b) Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions.

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IMPERIAL OIL LIMITED

3. Investment and other income

Investment and other income included gains and losses on asset sales as follows:

	Second Quarter				Six Months to June 30
millions of Canadian dollars	2017		2016		2017		2016
Proceeds from asset sales		39		17		222		50
Book value of assets sold		9		4		10		7
Gain (loss) on asset sales, before tax (a)		31		13		213		43
Gain (loss) on asset sales, after tax (a)		28		10		186		34

(a) The six months ended June 30, 2017 included a gain of $174 million ($151 million after tax) for the sale of a surplus property in Ontario.

4. Employee retirement benefits

The components of net benefit cost were as follows:

	Second Quarter						Six Months to June 30
millions of Canadian dollars	2017			2016			2017			2016
Pension benefits:
Current service cost		54			51			109			102
Interest cost		79			79			158			158
Expected return on plan assets		(101	)		(100	)		(202	)		(199	)
Amortization of prior service cost		2			3			5			5
Amortization of actuarial loss (gain)		45			41			89			82
Net periodic benefit cost		79			74			159			148
Other post-retirement benefits:
Current service cost		4			4			8			8
Interest cost		6			6			12			13
Amortization of actuarial loss (gain)		2			4			4			7
Net periodic benefit cost		12			14			24			28

The company expects to make contributions in 2017 of about $281 million to funded registered pension plans, an increase of $64 million from the year-end 2016 estimate of $217 million.

5. Financing costs and additional notes and loans payable information

	Second Quarter						Six Months to June 30
millions of Canadian dollars	2017			2016			2017			2016
Debt-related interest		27			32			49			63
Capitalized interest		(10	)		(13	)		(22	)		(26	)
Net interest expense		17			19			27			37
Other interest		-			(1	)		4			(4	)
Total financing costs		17			18			31			33

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IMPERIAL OIL LIMITED

6. Long-term debt

	As at   June 30		As at  Dec 31
millions of Canadian dollars	2017		2016
Long-term debt		4,447		4,447
Capital leases		572		585
Total long-term debt		5,019		5,032

7. Other long-term obligations

	As at   June 30		As at  Dec 31
millions of Canadian dollars	2017		2016
Employee retirement benefits (a)		1,468		1,645
Asset retirement obligations and other environmental liabilities (b)		1,588		1,544
Share-based incentive compensation liabilities		124		139
Other obligations		498		328
Total other long-term obligations		3,678		3,656

(a) Total recorded employee retirement benefits obligations also included $58 million in current liabilities (2016 - $58 million).

(b) Total asset retirement obligations and other environmental liabilities also included $108 million in current liabilities (2016 - $108 million).

8. Common shares

	As of   June 30		As of   Dec 31
thousands of shares	2017		2016
Authorized		1,100,000		1,100,000
Common shares outstanding		844,313		847,599

From 1995 through June 2017, the company purchased shares under a series of 12-month normal course issuer bid share purchase programs, as well as an auction tender. Exxon Mobil Corporation’s participation in these programs, including its participation in concurrent programs outside the normal course issuer bids, maintained its ownership interest in Imperial at approximately 69.6 percent. On June 22, 2017, the company announced another 12-month normal course issuer bid program and will continue its existing share purchase program. The program enables the company to purchase up to a maximum of 25,395,927 common shares (3 percent of the total shares on June 13, 2017) which includes shares purchased under the normal course issuer bid and from Exxon Mobil Corporation concurrent with, but outside of the normal course issuer bid. As in the past, Exxon Mobil Corporation has advised the company that it intends to participate to maintain its ownership percentage at approximately 69.6 percent. The results of these activities are as shown below:

year	Purchased shares   thousands		Millions of   dollars
1995 - 2015		906,544		15,708
2016 - Second quarter		-		-
- Full year		1		-
2017 - Second quarter		3,286		127
- Year-to-date		3,286		127
Cumulative purchase to date		909,831		15,835

The excess of the purchase cost over the stated value of shares purchased has been recorded as a distribution of earnings reinvested.

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IMPERIAL OIL LIMITED

The following table provides the calculation of net income per common share:

	Second Quarter						Six Months to June 30
	2017			2016			2017		2016
Net income (loss) per common share - basic
Net income (loss) (millions of Canadian dollars)		(77	)		(181	)		256		(282	)
Weighted average number of common shares outstanding (millions of shares)		847.0			847.6			847.3		847.6
Net income (loss) per common share (dollars)		(0.09	)		(0.21	)		0.30		(0.33	)
Net income (loss) per common share - diluted
Net income (loss) (millions of Canadian dollars)		(77	)		(181	)		256		(282	)
Weighted average number of common shares outstanding (millions of shares)		847.0			847.6			847.3		847.6
Effect of employee share-based awards (millions of shares)		2.9			3.0			2.8		2.9
Weighted average number of common shares outstanding, assuming dilution (millions of shares)		849.9			850.6			850.1		850.5
Net income (loss) per common share (dollars)		(0.09	)		(0.21	)		0.30		(0.33	)

9. Earnings reinvested

	Second Quarter					Six Months to June 30
millions of Canadian dollars		2017		2016			2017		2016
Earnings reinvested at beginning of period		25,558		23,467			25,352		23,687
Net income (loss) for the period		(77	)	(181	)		256		(282	)
Share purchases in excess of stated value		(121	)	-			(121	)	-
Dividends declared		(136	)	(127	)		(263	)	(246	)
Earnings reinvested at end of period		25,224		23,160			25,224		23,160

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IMPERIAL OIL LIMITED

10. Other comprehensive income (loss) information

Changes in accumulated other comprehensive income (loss):
millions of Canadian dollars	2017		2016
Balance at January 1		(1,897)		(1,828)
Post-retirement benefits liability adjustment:
Current period change excluding amounts reclassified from accumulated other comprehensive income		41		100
Amounts reclassified from accumulated other comprehensive income		72		74
Balance at June 30		(1,784)		(1,654)

Amounts reclassified out of accumulated other comprehensive income (loss) - before-tax income (expense):
	Second Quarter						Six Months to June 30
millions of Canadian dollars	2017			2016			2017			2016
Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost (a)		(49	)		(48	)		(98	)		(94	)
(a)    This accumulated other comprehensive income component is included in the computation of net periodic benefit cost (note 4).

Income tax expense (credit) for components of other comprehensive income (loss):

	Second Quarter				Six Months to June 30
millions of Canadian dollars	2017		2016		2017		2016
Post-retirement benefits liability adjustments:
Post-retirement benefits liability adjustment (excluding amortization)		-		-		16		37
Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost		13		15		26		20
Total		13		15		42		57

11. Recently issued accounting standards

In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard, Revenue from Contracts with Customers. The standard establishes a single revenue recognition model for all contracts with customers, eliminates industry specific requirements and expands disclosure requirements. The standard is required to be adopted beginning January 1, 2018. The company expects to adopt the standard using the modified retrospective method, under which prior years’ results are not restated, but supplemental information on the impact of the new standard is provided for in the 2018 results. Imperial continues to evaluate other areas of the standard. The impact from the standard is not expected to have a material effect on the company’s financial statements.

In February 2016, the FASB issued a new standard, Leases. The standard requires all leases with an initial term greater than one year be recorded on the balance sheet as a lease asset and lease liability. The standard is required to be adopted beginning January 1, 2019. Imperial is evaluating the standard and its effect on the company’s financial statements and plans to adopt it in 2019.

In March 2017, the FASB issued an Accounting Standards Update, 2017-07, Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The update requires the service cost component of net benefit costs to be reported in the same line in the income statement as other compensation costs and the other components of net benefit costs to be presented separately from the service cost component. Additionally, only the service cost component of net benefit costs will be eligible for capitalization. The update is required to be adopted beginning January 1, 2018. Imperial is evaluating the standard and its effect on the company’s financial statements.

13

IMPERIAL OIL LIMITED

Item 2. Management’s discussion and analysis of financial condition and results of operations

Operating results

Second quarter 2017 vs. second quarter 2016

The company’s net loss for the second quarter of 2017 was $77 million or $0.09 per-share on a diluted basis, compared to the net loss of $181 million or $0.21 per-share for the same period last year.

Upstream recorded a net loss in the second quarter of $201 million, compared to a net loss of $290 million in the same period of 2016. Results in the second quarter of 2017 reflected the impact of higher Canadian crude oil realizations of about $140 million and favorable foreign exchange impacts, partially offset by higher energy costs of about $50 million and higher operating costs of about $50 million, primarily at Syncrude.

West Texas Intermediate (WTI) averaged US$48.20 per barrel in the second quarter of 2017, up from US$45.64 per barrel in the same quarter of 2016. Western Canada Select (WCS) averaged US$37.18 per barrel and US$32.36 per barrel respectively for the same periods. The WTI / WCS differential narrowed to 23 percent in the second quarter of 2017, from 29 percent in the same period of 2016.

The Canadian dollar averaged US$0.74 in the second quarter of 2017, a decrease of US$0.04 from the second quarter of 2016.

Imperial’s average Canadian dollar realizations for bitumen and synthetic crudes increased generally in line with the North American benchmarks, adjusted for changes in exchange rates and transportation costs. Bitumen realizations averaged $38.22 per barrel for the second quarter of 2017, an increase of $8.77 per barrel versus the second quarter of 2016. Synthetic crude realizations averaged $65.07 per barrel, an increase of $6.49 per barrel for the same period of 2016.

Gross production of Cold Lake bitumen averaged 160,000 barrels per day in the second quarter, compared to 163,000 barrels per day in the same period last year.

Gross production of Kearl bitumen averaged 171,000 barrels per day in the second quarter (121,000 barrels Imperial’s share) up from 155,000 barrels per day (110,000 barrels Imperial’s share) during the second quarter of 2016. Higher production was mainly due to the absence of the Alberta wildfires. In the second quarter of 2017, Kearl production was impacted by planned turnaround activities of about 38,000 barrels per day (27,000 barrels Imperial’s share).

The company’s share of gross production from Syncrude averaged 27,000 barrels per day, up from 18,000 barrels per day in the second quarter of 2016. Syncrude second quarter 2017 production was impacted by the fire at the Syncrude Mildred Lake upgrader that occurred in mid-March and by planned maintenance. Higher production was the result of the absence of the Alberta wildfires and lower planned maintenance compared with the same period of 2016.

Downstream net income was $78 million in the second quarter, up from $71 million in the same period of 2016. Earnings increased mainly due to reduced planned turnaround activity of about $130 million and lower marketing expenses, partly offset by lower marketing margins of about $80 million, including the impact of the retail divestment and lower industry margins, as well as lower refining margins of about $70 million, mainly due to crude supply disruption associated with the Syncrude fire at its Mildred Lake upgrader in March.

Refinery throughput averaged 358,000 barrels per day, up from 246,000 barrels per day in the second quarter of 2016. Increased throughput reflects reduced turnaround activity in the second quarter 2017, compared to the same period of 2016.

Petroleum product sales were 486,000 barrels per day, up from 470,000 barrels per day in the second quarter of 2016. Sales growth continues to be driven by strong collaboration across our downstream value chain and the expansion of Imperial’s retail, wholesale, industrial and commercial networks.

14

IMPERIAL OIL LIMITED

Chemical net income was $64 million in the second quarter, up from $55 million in the same quarter of 2016.

Net income effects from Corporate and Other were negative $18 million in the second quarter, compared to negative $17 million in the same period of 2016.

15

IMPERIAL OIL LIMITED

Six months 2017 vs. six months 2016

Net income in the first six months of 2017 was $256 million, or $0.30 per-share on a diluted basis versus a net loss of $282 million or $0.33 per-share in the first six months of 2016.

Upstream recorded a net loss of $287 million in the first six months of 2017, compared to a net loss of $738 million from the same period of 2016. Results reflected the impact of higher Canadian crude oil realizations of about $740 million, partially offset by higher royalties of about $100 million and energy costs of about $80 million, higher operating expenses at Syncrude of about $70 million and lower volumes of about $70 million, including the absence of production at Norman Wells.

West Texas Intermediate averaged US$49.96 per barrel in the first six months of 2017, up from US$39.78 per barrel in the same period of 2016. Western Canada Select averaged US$37.22 per barrel and US$25.88 per barrel respectively for the same periods. The WTI / WCS differential narrowed to 26 percent in the first six months of 2017, from 35 percent in the same period of 2016.

The Canadian dollar averaged US$0.75 in the first six months of 2017, essentially unchanged from the same period of 2016.

Imperial’s average Canadian dollar realizations for bitumen and synthetic crudes increased generally in line with the North American benchmarks, adjusted for changes in the exchange rate and transportation costs. Bitumen realizations averaged $37.21 per barrel for the first six months of 2017, an increase of $16.45 per barrel versus the same period of 2016. Synthetic crude realizations averaged $67.00 per barrel, an increase of $18.41 per barrel from the same period of 2016.

Gross production of Cold Lake bitumen averaged 159,000 barrels per day in the first six months of 2017, compared to 164,000 barrels per day from the same period of 2016. Lower volumes were primarily due to the timing of steam cycles.

Gross production of Kearl bitumen averaged 177,000 barrels per day in the first six months of 2017 (125,000 barrels Imperial’s share) up from 175,000 barrels per day (124,000 barrels Imperial’s share) from the same period of 2016.

During the first six months of 2017, the company’s share of gross production from Syncrude averaged 46,000 barrels per day, compared to 49,000 barrels per day from the same period of 2016. Syncrude year to date production was impacted by the March 2017 fire at the Syncrude Mildred Lake upgrader and planned maintenance. In 2016, production was impacted by the Alberta wildfires and planned maintenance.

Downstream net income was $458 million, up from $391 million from the same period of 2016. Earnings increased mainly due to a gain of $151 million from the sale of a surplus property and reduced planned turnaround activity of about $130 million. This was partially offset by lower marketing margins of approximately $140 million, including the impact of the retail divestment and lower industry margins, as well as lower refining margins of about $50 million, partly due to crude supply disruption associated with the fire at Syncrude’s Mildred Lake upgrader in March.

Refinery throughput averaged 378,000 barrels per day in the first six months of 2017, up from 323,000 barrels per day from the same period of 2016. Capacity utilization increased to 90 percent from 77 percent in the same period of 2016, reflecting reduced turnaround activity.

Petroleum product sales were 486,000 barrels per day in the first six months of 2017, up from 469,000 barrels per day from the same period of 2016. Sales growth continues to be driven by strong collaboration across our downstream value chain and the expansion of Imperial’s retail, wholesale, industrial and commercial networks.

Chemical net income was $109 million, up from $104 million from the same period of 2016.

For the first six months of 2017, net income effects from Corporate and Other were negative $24 million, versus negative $39 million from the same period of 2016.

16

IMPERIAL OIL LIMITED

Liquidity and capital resources

Cash flow generated from operating activities was $492 million in the second quarter, compared with $443 million in the corresponding period in 2016.

Investing activities used net cash of $281 million in the second quarter, compared with $297 million used in the same period of 2016.

Cash used in financing activities was $260 million in the second quarter, compared with $106 million in the second quarter of 2016. Dividends paid in the second quarter of 2017 were $127 million. The per-share dividend paid in the second quarter was $0.15, up from $0.14 in the same period of 2016. In the second quarter of 2017, Imperial resumed share purchases under its share buyback program. The company purchased about 3.3 million shares for approximately $127 million.

The company’s cash balance was $623 million at June 30, 2017, versus $195 million at the end of the second quarter of 2016.

Cash flow generated from operating activities was $846 million in the first six months of 2017, compared with $492 million in 2016, reflecting higher earnings partially offset by unfavourable working capital effects.

Investing activities used net cash of $220 million in the first six months of 2017, compared with $655 million from the same period of 2016, reflecting lower additions to property, plant and equipment, and higher proceeds from asset sales.

Cash used in financing activities was $394 million in the first six months of 2017, compared with cash provided by financing activities of $155 million from the same period of 2016, reflecting the absence of debt issuance in the current year. Dividends paid in the first six months of 2017 were $254 million. The per-share dividend paid in the first six months of 2017 was $0.30, up from $0.28 for the same period of 2016. In 2017, the company resumed share purchases under its share buyback program. The company purchased about 3.3 million shares for approximately $127 million.

On June 22, 2017, the company announced by news release that it had received final approval from the Toronto Stock Exchange for a new normal course issuer bid and will continue its existing share buyback program. The program enables the company to purchase up to a maximum of 25,395,927 common shares during the period June 27, 2017 to June 26, 2018, which includes shares purchased under the normal course issuer bid and from Exxon Mobil Corporation concurrent with, but outside of the normal course issuer bid. As in the past, Exxon Mobil Corporation has advised the company that it intends to participate to maintain its ownership percentage at approximately 69.6 percent. The program will end should the company purchase the maximum allowable number of shares, or on June 26, 2018.

Recently issued accounting standards

In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard, Revenue from Contracts with Customers. The standard establishes a single revenue recognition model for all contracts with customers, eliminates industry specific requirements and expands disclosure requirements. The standard is required to be adopted beginning January 1, 2018. The company expects to adopt the standard using the modified retrospective method, under which prior years’ results are not restated, but supplemental information on the impact of the new standard is provided for in the 2018 results. Imperial continues to evaluate other areas of the standard. The impact from the standard is not expected to have a material effect on the company’s financial statements.

In February 2016, the FASB issued a new standard, Leases. The standard requires all leases with an initial term greater than one year be recorded on the balance sheet as a lease asset and lease liability. The standard is required to be adopted beginning January 1, 2019. Imperial is evaluating the standard and its effect on the company’s financial statements and plans to adopt it in 2019.

17

IMPERIAL OIL LIMITED

In March 2017, the FASB issued an Accounting Standards Update, 2017-07, Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The update requires the service cost component of net benefit costs to be reported in the same line in the income statement as other compensation costs and the other components of net benefit costs to be presented separately from the service cost component. Additionally, only the service cost component of net benefit costs will be eligible for capitalization. The update is required to be adopted beginning January 1, 2018. Imperial is evaluating the standard and its effect on the company’s financial statements.

Forward-looking statements

Statements in this report regarding future events or conditions are forward-looking statements. Actual future financial and operating results could differ materially due to the impact of market conditions, changes in law or governmental policy, changes in operating conditions and costs, changes in project schedules, operating performance, demand for oil and gas, commercial negotiations or other technical and economic factors.

18

IMPERIAL OIL LIMITED

Item 3.  Quantitative and qualitative disclosures about market risk

Information about market risks for the six months ended June 30, 2017, does not differ materially from that discussed on page 22 of the company’s annual report on Form 10-K for the year ended December  31, 2016.

Item 4.  Controls and procedures

As indicated in the certifications in Exhibit 31 of this report, the company’s principal executive officer and principal financial officer have evaluated the company’s disclosure controls and procedures as of June 30, 2017. Based on that evaluation, these officers have concluded that the company’s disclosure controls and procedures are effective in ensuring that information required to be disclosed by the company in the reports that it files or submits under the Securities Exchange Act of 1934, as amended, is accumulated and communicated to them in a manner that allows for timely decisions regarding required disclosures and are effective in ensuring that such information is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

There has not been any change in the company’s internal control over financial reporting during the last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the company’s internal control over financial reporting.

19

IMPERIAL OIL LIMITED

PART II.  OTHER INFORMATION

Item 1.  Legal proceedings

On May 31, 2017, Imperial was charged by the Ontario Crown in the Ontario Court of Justice with committing the offence of discharging or causing or permitting the discharge of a contaminant, namely coker stabilizer thermocracked gas and coker stabilizer thermocracked gas condensate, from Imperial’s refinery in Sarnia, into the natural environment that caused or was likely to have caused an adverse effect contrary to section 14(1) of the Environmental Protection Act, R.S.O. 1990, c.E.19, as amended, which offence was alleged to have occurred on June 11, 2015. No determination of impact can be made at this time.

Item 2.  Unregistered sales of equity securities and use of proceeds

Issuer purchases of equity securities

	Total number of       shares purchased	Average price       paid per share     (dollars)	Total number of   shares purchased       as part of publicly        announced plans     or programs	Maximum number     of shares that may   yet be purchased    under the plans or programs (a) (b)
April 2017 (Apr 1 – Apr 30)	-	-	-	3,286,012 (c)
May 2017 (May 1 – May 31)	-	-	-	3,286,012 (c)
June 2017 (June 1 – June 26) (a) (June 27 – June 30) (b)	3,286,012 -	38.56 -	3,286,012 -	- 25,395,927 (d)

(a) On June 22, 2016, the company announced by news release that it had received final approval from the Toronto Stock Exchange for a normal course issuer bid and continuation of its share purchase program. This program enabled the company to purchase up to a maximum of 1,000,000 common shares during the period June 27, 2016 to June 26, 2017. The company was also permitted to purchase additional shares from Exxon Mobil Corporation concurrent with, but outside of the normal course issuer bid, to maintain its shareholding at approximately 69.6 percent. The program ended when the company purchased the maximum allowable number of shares, on June 21, 2017.

(b) On June 22, 2017, the company announced by news release that it had received final approval from the Toronto Stock Exchange for a new normal course issuer bid and will continue its existing share purchase program. The program enables the company to purchase up to a maximum of 25,395,927 common shares during the period June 27, 2017 to June 26, 2018, which includes shares purchased under the normal course issuer bid and from Exxon Mobil Corporation concurrent with, but outside of the normal course issuer bid. As in the past, Exxon Mobil Corporation has advised the company that it intends to participate to maintain its ownership percentage at approximately 69.6 percent. The program will end should the company purchase the maximum allowable number of shares, or on June 26, 2018.

(c) Includes shares that may be purchased under the normal course issuer bid, plus shares that may be purchased concurrently with, but outside the normal course issuer bid, from Exxon Mobil Corporation to maintain its shareholding at approximately 69.6 percent.

(d) In its most recent quarterly earnings release, the company stated that third quarter 2017 share purchases are anticipated to equal approximately $250 million. Purchase plans may be modified at any time without prior notice.

The company will continue to evaluate its share purchase program in the context of its overall capital activities.

20

IMPERIAL OIL LIMITED

Item 6. Exhibits

(31.1) Certification by the principal executive officer of the company pursuant to Rule 13a-14(a).

(31.2) Certification by the principal financial officer of the company pursuant to Rule 13a-14(a).

(32.1) Certification by the chief executive officer of the company pursuant to Rule 13a-14(b) and 18 U.S.C. Section 1350.

(32.2) Certification by the chief financial officer of the company pursuant to Rule 13a-14(b) and 18 U.S.C. Section 1350.

21

IMPERIAL OIL LIMITED

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Imperial Oil Limited (Registrant)
Date: August 1, 2017	/s/ Beverley A. Babcock
	(Signature)
	Beverley A. Babcock
	Senior Vice-President, Finance and Administration and Controller
	(Principal Accounting Officer)
Date: August 1, 2017	/s/ Cathryn Walker
	(Signature)
	Cathryn Walker
	Assistant Corporate Secretary

22

EX-31.1

IMPERIAL OIL LIMITED

Exhibit (31.1)

Certifications

I, Richard M. Kruger, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Imperial Oil Limited;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:    August 1, 2017

/s/ Richard M. Kruger

Richard M. Kruger

Chairman, President and

Chief Executive Officer

(Principal Executive Officer)

23

EX-31.2

IMPERIAL OIL LIMITED

Exhibit (31.2)

Certifications

I, Beverley A. Babcock, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Imperial Oil Limited;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:    August 1, 2017

/s/ Beverley A. Babcock

Beverley A. Babcock

Senior Vice-President, Finance and

Administration and Controller

(Principal Financial Officer)

24

EX-32.1

IMPERIAL OIL LIMITED

Exhibit (32.1)

Certification of Periodic Financial Report

Pursuant to 18 U.S.C. Section 1350

For purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned, Richard M. Kruger, the chief executive officer of Imperial Oil Limited (the “company”), hereby certifies that, to his knowledge:

(i) the Quarterly Report on Form 10-Q of the company for the quarter ended June 30, 2017 as filed with the Securities and Exchange Commission (the “Report”), fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(ii) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the company.

Date:    August 1, 2017

/s/ Richard M. Kruger

Richard M. Kruger

Chairman, President and

Chief Executive Officer

(Principal Executive Officer)

25

EX-32.2

IMPERIAL OIL LIMITED

Exhibit (32.2)

Certification of Periodic Financial Report

Pursuant to 18 U.S.C. Section 1350

For purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned, Beverley A. Babcock, the chief financial officer of Imperial Oil Limited (the “company”), hereby certifies that, to her knowledge:

(i) the Quarterly Report on Form 10-Q of the company for the quarter ended June 30, 2017 as filed with the Securities and Exchange Commission (the “Report”), fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(ii) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the company.

Date:    August 1, 2017

/s/ Beverley A. Babcock

Beverley A. Babcock

Senior Vice-President, Finance and

Administration and Controller

(Chief Financial Officer)

26

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2017 shares
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q2
Trading Symbol	IMO
Entity Registrant Name	IMPERIAL OIL LTD
Entity Central Index Key	0000049938
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	844,312,999

XML

Consolidated statement of income - CAD CAD in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2017		Jun. 30, 2016		Jun. 30, 2017		Jun. 30, 2016
Revenues and other income
Operating revenues	[1]	CAD 6,985	[2]	CAD 6,225	[2]	CAD 13,943	[3]	CAD 11,399	[3]
Investment and other income (note 3)		48		23		246		71
Total revenues and other income		7,033		6,248		14,189		11,470
Expenses
Exploration				42		22		59
Purchases of crude oil and products	[4]	4,642		4,041		8,975		7,027
Production and manufacturing	[5]	1,525		1,310		2,900		2,581
Selling and general	[5]	201		267		407		537
Federal excise tax		421		415		815		803
Depreciation and depletion		352		407		744		831
Financing costs (note 5)		17		18		31		33
Total expenses		7,158		6,500		13,894		11,871
Income (loss) before income taxes		(125)		(252)		295		(401)
Income taxes		(48)		(71)		39		(119)
Net income (loss)		CAD (77)		CAD (181)		CAD 256		CAD (282)
Per-share information (Canadian dollars)
Net income (loss) per common share - basic (note 8)		CAD (0.09)		CAD (0.21)		CAD 0.30		CAD (0.33)
Net income (loss) per common share - diluted (note 8)		(0.09)		(0.21)		0.30		(0.33)
Dividends per common share		CAD 0.16		CAD 0.15		CAD 0.31		CAD 0.29

[1] Amounts from related parties included in operating revenues. 1,008 446 2,045 1,009

[2] Included export sales to the United States of $1,045 million (2016 - $966 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

[3] Included export sales to the United States of $1,944 million (2016 - $1,763 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

[4] Amounts to related parties included in purchases of crude oil and products. 706 286 1,315 917

[5] Amounts to related parties included in production and manufacturing, and selling and general expenses. 147 157 288 261

XML

Consolidated statement of income (Parenthetical) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Amounts from related parties included in operating revenues	CAD 1,008	CAD 446	CAD 2,045	CAD 1,009
Amounts to related parties included in purchases of crude oil and products	706	286	1,315	917
Amounts to related parties included in production and manufacturing, and selling and general expenses	CAD 147	CAD 157	CAD 288	CAD 261

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Consolidated statement of comprehensive income - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net income (loss)	CAD (77)	CAD (181)	CAD 256	CAD (282)
Other comprehensive income (loss), net of income taxes
Post-retirement benefits liability adjustment (excluding amortization)			41	100
Amortization of post-retirement benefits liability adjustment included in net periodic benefit costs	36	33	72	74
Total other comprehensive income (loss)	36	33	113	174
Comprehensive income (loss)	CAD (41)	CAD (148)	CAD 369	CAD (108)

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Consolidated balance sheet - CAD CAD in Millions		Jun. 30, 2017		Dec. 31, 2016
Current assets
Cash		CAD 623	[1]	CAD 391
Accounts receivable, less estimated doubtful accounts	[2]	1,599		2,023
Inventories of crude oil and products		1,044		949
Materials, supplies and prepaid expenses		490		468
Total current assets		3,756		3,831
Investments and long-term receivables		907		1,030
Property, plant and equipment,		53,734		53,515
less accumulated depreciation and depletion		(17,888)		(17,182)
Property, plant and equipment, net		35,846		36,333
Goodwill		186		186
Other assets, including intangibles, net		410		274
Total assets		41,105		41,654
Current liabilities
Notes and loans payable	[3]	203		202
Accounts payable and accrued liabilities (note 7)	[2]	2,962		3,193
Income taxes payable		40		488
Total current liabilities		3,205		3,883
Long-term debt (note 6)	[4]	5,019		5,032
Other long-term obligations (note 7)	[5]	3,678		3,656
Deferred income tax liabilities		4,203		4,062
Total liabilities		16,105		16,633
Shareholders' equity
Common shares at stated value (note 8)	[6]	1,560		1,566
Earnings reinvested (note 9)		25,224		25,352
Accumulated other comprehensive income (loss) (note 10)		(1,784)		(1,897)
Total shareholders' equity		25,000		25,021
Total liabilities and shareholders' equity		CAD 41,105		CAD 41,654

[1] Cash is composed of cash in bank and cash equivalents at cost. Cash equivalents are all highly liquid securities with maturity of three months or less when purchased.

[2] Accounts receivable, less estimated doubtful accounts included net amounts receivable from related parties of $126 million (2016 - $172 million).

[3] Notes and loans payable included amounts to related parties of $75 million (2016 - $75 million).

[4] Long-term debt included amounts to related parties of $4,447 million (2016 - $4,447 million).

[5] Other long-term obligations included amounts to related parties of $82 million (2016 - $104 million).

[6] Number of common shares authorized and outstanding were 1,100 million and 844 million, respectively (2016 - 1,100 million and 848 million, respectively).

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Consolidated balance sheet (Parenthetical) - CAD CAD in Millions	Jun. 30, 2017	Dec. 31, 2016
Amounts receivable (payable) from (to) related parties	CAD 126	CAD 172
Due to related parties, current	CAD 75	CAD 75
Common shares authorized	1,100,000,000	1,100,000,000
Common shares outstanding	844,313,000	847,599,000
Long-term debt
Due to related parties	CAD 4,447	CAD 4,447
Other long-term obligations
Due to related parties	CAD 82	CAD 104

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Consolidated statement of cash flows - CAD CAD in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Operating activities
Net income (loss)		CAD (77)	CAD (181)	CAD 256	CAD (282)
Adjustments for non-cash items:
Depreciation and depletion		352	407	744	831
(Gain) loss on asset sales (note 3)	[1]	(31)	(13)	(213)	(43)
Deferred income taxes and other		(37)	(98)	163	(180)
Changes in operating assets and liabilities:
Accounts receivable		146	(338)	424	(396)
Inventories, materials, supplies and prepaid expenses		(45)	151	(117)	119
Income taxes payable		16	22	(448)	13
Accounts payable and accrued liabilities		(30)	371	(240)	182
All other items - net	[2]	198	122	277	248
Cash flows from (used in) operating activities		492	443	846	492
Investing activities
Additions to property, plant and equipment		(320)	(313)	(442)	(704)
Proceeds from asset sales (note 3)		39	17	222	50
Additional investments			(1)		(1)
Cash flows from (used in) investing activities		(281)	(297)	(220)	(655)
Financing activities
Short-term debt - net			20		(88)
Long-term debt - additions (note 6)					495
Reduction in capitalized lease obligations		(6)	(8)	(13)	(15)
Dividends paid		(127)	(118)	(254)	(237)
Common shares purchased (note 8)		(127)		(127)
Cash flows from (used in) financing activities		(260)	(106)	(394)	155
Increase (decrease) in cash		(49)	40	232	(8)
Cash at beginning of period		672	155	391	203
Cash at end of period	[3]	CAD 623	CAD 195	CAD 623	CAD 195

[1] The six months ended June 30, 2017 included a gain of $174 million ($151 million after tax) for the sale of a surplus property in Ontario.

[2] Included contribution to registered pension plans. (58 ) (45 ) (98 ) (76)

[3] Cash is composed of cash in bank and cash equivalents at cost. Cash equivalents are all highly liquid securities with maturity of three months or less when purchased.

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Consolidated statement of cash flows (Parenthetical) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Included contribution to registered pension plans	CAD (58)	CAD (45)	CAD (98)	CAD (76)

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Basis of financial statement preparation

6 Months Ended

Jun. 30, 2017

Basis of financial statement preparation

1.  Basis of financial statement preparation

These unaudited consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles of the United States of America (GAAP) and follow the same accounting policies and methods of computation as, and should be read in conjunction with, the most recent annual consolidated financial statements filed with the U.S. Securities and Exchange Commission (SEC) in the company’s 2016 annual report on Form 10-K. In the opinion of the company, the information furnished herein reflects all known accruals and adjustments necessary for a fair statement of the results for the periods reported herein. All such adjustments are of a normal recurring nature. Prior data has been reclassified in certain cases to conform to the current presentation basis.

The company’s exploration and production activities are accounted for under the “successful efforts” method.

The results for the six months ended June 30, 2017, are not necessarily indicative of the operations to be expected for the full year.

All amounts are in Canadian dollars unless otherwise indicated.

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Business segments

6 Months Ended

Jun. 30, 2017

Business segments

2. Business segments

Second Quarter	Upstream				Downstream				Chemical
millions of Canadian dollars	2017		2016		2017		2016		2017		2016
Revenues and other income
Operating revenues (a)		1,787		1,403		4,909		4,559		289		263
Intersegment sales		289		328		242		211		62		54
Investment and other income (note 3)		5		2		42		20		(2)		-
		2,081		1,733		5,193		4,790		349		317
Expenses
Exploration		-		42		-		-		-		-
Purchases of crude oil and products		1,026		905		4,014		3,555		193		171
Production and manufacturing		1,051		838		426		421		48		51
Selling and general		(7)		(3)		185		253		19		19
Federal excise tax		-		-		421		415		-		-
Depreciation and depletion		298		350		47		51		3		2
Financing costs (note 5)		-		(1)		-		-		-		-
Total expenses		2,368		2,131		5,093		4,695		263		243
Income (loss) before income taxes		(287)		(398)		100		95		86		74
Income taxes		(86)		(108)		22		24		22		19
Net income (loss)		(201)		(290)		78		71		64		55
Cash flows from (used in) operating activities		117		82		302		295		100		72
Capital and exploration expenditures (b)		91		250		39		64		3		8
Second Quarter	Corporate and Other				Eliminations				Consolidated
millions of Canadian dollars	2017		2016		2017		2016		2017		2016
Revenues and other income
Operating revenues (a)		-		-		-		-		6,985		6,225
Intersegment sales		-		-		(593)		(593)		-		-
Investment and other income (note 3)		3		1		-		-		48		23
		3		1		(593)		(593)		7,033		6,248
Expenses
Exploration		-		-		-		-		-		42
Purchases of crude oil and products		-		-		(591)		(590)		4,642		4,041
Production and manufacturing		-		-		-		-		1,525		1,310
Selling and general		6		1		(2)		(3)		201		267
Federal excise tax		-		-		-		-		421		415
Depreciation and depletion		4		4		-		-		352		407
Financing costs (note 5)		17		19		-		-		17		18
Total expenses		27		24		(593)		(593)		7,158		6,500
Income (loss) before income taxes		(24)		(23)		-		-		(125)		(252)
Income taxes		(6)		(6)		-		-		(48)		(71)
Net income (loss)		(18)		(17)		-		-		(77)		(181)
Cash flows from (used in) operating activities		(27)		(6)		-		-		492		443
Capital and exploration expenditures (b)		10		13		-		-		143		335

(a) Included export sales to the United States of $1,045 million (2016 - $966 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

(b) Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions.

Six Months to June 30	Upstream				Downstream				Chemical
millions of Canadian dollars	2017		2016		2017		2016		2017		2016
Revenues and other income
Operating revenues (a)		3,498		2,383		9,883		8,499		562		517
Intersegment sales		907		807		551		436		129		98
Investment and other income (note 3)		10		21		233		49		(1)		-
		4,415		3,211		10,667		8,984		690		615
Expenses
Exploration		22		59		-		-		-		-
Purchases of crude oil and products		2,142		1,723		8,023		6,312		394		330
Production and manufacturing		2,024		1,747		775		736		101		98
Selling and general		(4)		(2)		373		491		41		41
Federal excise tax		-		-		815		803		-		-
Depreciation and depletion		634		707		95		112		6		4
Financing costs (note 5)		4		(4)		-		-		-		-
Total expenses		4,822		4,230		10,081		8,454		542		473
Income (loss) before income taxes		(407)		(1,019)		586		530		148		142
Income taxes		(120)		(281)		128		139		39		38
Net income (loss)		(287)		(738)		458		391		109		104
Cash flows from (used in) operating activities		425		(400)		358		764		77		132
Capital and exploration expenditures (b)		194		596		73		107		7		14
Total assets as at June 30		35,527		37,166		4,334		5,239		384		393
Six Months to June 30	Corporate and Other				Eliminations				Consolidated
millions of Canadian dollars	2017		2016		2017		2016		2017		2016
Revenues and other income
Operating revenues (a)		-		-		-		-		13,943		11,399
Intersegment sales		-		-		(1,587)		(1,341)		-		-
Investment and other income (note 3)		4		1		-		-		246		71
		4		1		(1,587)		(1,341)		14,189		11,470
Expenses
Exploration		-		-		-		-		22		59
Purchases of crude oil and products		-		-		(1,584)		(1,338)		8,975		7,027
Production and manufacturing		-		-		-		-		2,900		2,581
Selling and general		-		10		(3)		(3)		407		537
Federal excise tax		-		-		-		-		815		803
Depreciation and depletion		9		8		-		-		744		831
Financing costs (note 5)		27		37		-		-		31		33
Total expenses		36		55		(1,587)		(1,341)		13,894		11,871
Income (loss) before income taxes		(32)		(54)		-		-		295		(401)
Income taxes		(8)		(15)		-		-		39		(119)
Net income (loss)		(24)		(39)		-		-		256		(282)
Cash flows from (used in) operating activities		(14)		(4)		-		-		846		492
Capital and exploration expenditures (b)		22		26		-		-		296		743
Total assets as at June 30		1,071		662		(211)		(216)		41,105		43,244

(a) Included export sales to the United States of $1,944 million (2016 - $1,763 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

(b) Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions.

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Investment and other income

6 Months Ended

Jun. 30, 2017

Investment and other income

3. Investment and other income

Investment and other income included gains and losses on asset sales as follows:

	Second Quarter				Six Months to June 30
millions of Canadian dollars	2017		2016		2017		2016
Proceeds from asset sales		39		17		222		50
Book value of assets sold		9		4		10		7
Gain (loss) on asset sales, before tax (a)		31		13		213		43
Gain (loss) on asset sales, after tax (a)		28		10		186		34

(a) The six months ended June 30, 2017 included a gain of $174 million ($151 million after tax) for the sale of a surplus property in Ontario.

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Employee retirement benefits

6 Months Ended

Jun. 30, 2017

Employee retirement benefits

4. Employee retirement benefits

The components of net benefit cost were as follows:

	Second Quarter						Six Months to June 30
millions of Canadian dollars	2017			2016			2017			2016
Pension benefits:
Current service cost		54			51			109			102
Interest cost		79			79			158			158
Expected return on plan assets		(101	)		(100	)		(202	)		(199	)
Amortization of prior service cost		2			3			5			5
Amortization of actuarial loss (gain)		45			41			89			82
Net periodic benefit cost		79			74			159			148
Other post-retirement benefits:
Current service cost		4			4			8			8
Interest cost		6			6			12			13
Amortization of actuarial loss (gain)		2			4			4			7
Net periodic benefit cost		12			14			24			28

The company expects to make contributions in 2017 of about $281 million to funded registered pension plans, an increase of $64 million from the year-end 2016 estimate of $217 million.

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Financing costs and additional notes and loans payable information

6 Months Ended

Jun. 30, 2017

Financing costs and additional notes and loans payable information

5. Financing costs and additional notes and loans payable information

	Second Quarter						Six Months to June 30
millions of Canadian dollars	2017			2016			2017			2016
Debt-related interest		27			32			49			63
Capitalized interest		(10	)		(13	)		(22	)		(26	)
Net interest expense		17			19			27			37
Other interest		-			(1	)		4			(4	)
Total financing costs		17			18			31			33

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Long-term debt

6 Months Ended

Jun. 30, 2017

Long-term debt

6. Long-term debt

	As at   June 30		As at  Dec 31
millions of Canadian dollars	2017		2016
Long-term debt		4,447		4,447
Capital leases		572		585
Total long-term debt		5,019		5,032

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Other long-term obligations

6 Months Ended

Jun. 30, 2017

Other long-term obligations

7. Other long-term obligations

	As at   June 30		As at  Dec 31
millions of Canadian dollars	2017		2016
Employee retirement benefits (a)		1,468		1,645
Asset retirement obligations and other environmental liabilities (b)		1,588		1,544
Share-based incentive compensation liabilities		124		139
Other obligations		498		328
Total other long-term obligations		3,678		3,656

(a) Total recorded employee retirement benefits obligations also included $58 million in current liabilities (2016 - $58 million).

(b) Total asset retirement obligations and other environmental liabilities also included $108 million in current liabilities (2016 - $108 million).

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Common shares

6 Months Ended

Jun. 30, 2017

Common shares

8. Common shares

	As of   June 30		As of   Dec 31
thousands of shares	2017		2016
Authorized		1,100,000		1,100,000
Common shares outstanding		844,313		847,599

From 1995 through June 2017, the company purchased shares under a series of 12-month normal course issuer bid share purchase programs, as well as an auction tender. Exxon Mobil Corporation’s participation in these programs, including its participation in concurrent programs outside the normal course issuer bids, maintained its ownership interest in Imperial at approximately 69.6 percent. On June 22, 2017, the company announced another 12-month normal course issuer bid program and will continue its existing share purchase program. The program enables the company to purchase up to a maximum of 25,395,927 common shares (3 percent of the total shares on June 13, 2017) which includes shares purchased under the normal course issuer bid and from Exxon Mobil Corporation concurrent with, but outside of the normal course issuer bid. As in the past, Exxon Mobil Corporation has advised the company that it intends to participate to maintain its ownership percentage at approximately 69.6 percent. The results of these activities are as shown below:

year	Purchased shares   thousands		Millions of   dollars
1995 - 2015		906,544		15,708
2016 - Second quarter		-		-
- Full year		1		-
2017 - Second quarter		3,286		127
- Year-to-date		3,286		127
Cumulative purchase to date		909,831		15,835

The excess of the purchase cost over the stated value of shares purchased has been recorded as a distribution of earnings reinvested.

IMPERIAL OIL LIMITED

The following table provides the calculation of net income per common share:

	Second Quarter						Six Months to June 30
	2017			2016			2017		2016
Net income (loss) per common share - basic
Net income (loss) (millions of Canadian dollars)		(77	)		(181	)		256		(282	)
Weighted average number of common shares outstanding (millions of shares)		847.0			847.6			847.3		847.6
Net income (loss) per common share (dollars)		(0.09	)		(0.21	)		0.30		(0.33	)
Net income (loss) per common share - diluted
Net income (loss) (millions of Canadian dollars)		(77	)		(181	)		256		(282	)
Weighted average number of common shares outstanding (millions of shares)		847.0			847.6			847.3		847.6
Effect of employee share-based awards (millions of shares)		2.9			3.0			2.8		2.9
Weighted average number of common shares outstanding, assuming dilution (millions of shares)		849.9			850.6			850.1		850.5
Net income (loss) per common share (dollars)		(0.09	)		(0.21	)		0.30		(0.33	)

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Earnings reinvested

6 Months Ended

Jun. 30, 2017

Earnings reinvested

9. Earnings reinvested

	Second Quarter					Six Months to June 30
millions of Canadian dollars		2017		2016			2017		2016
Earnings reinvested at beginning of period		25,558		23,467			25,352		23,687
Net income (loss) for the period		(77	)	(181	)		256		(282	)
Share purchases in excess of stated value		(121	)	-			(121	)	-
Dividends declared		(136	)	(127	)		(263	)	(246	)
Earnings reinvested at end of period		25,224		23,160			25,224		23,160

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Other comprehensive income (loss) information

6 Months Ended

Jun. 30, 2017

Other comprehensive income (loss) information

10. Other comprehensive income (loss) information

Changes in accumulated other comprehensive income (loss):
millions of Canadian dollars	2017		2016
Balance at January 1		(1,897)		(1,828)
Post-retirement benefits liability adjustment:
Current period change excluding amounts reclassified from accumulated other comprehensive income		41		100
Amounts reclassified from accumulated other comprehensive income		72		74
Balance at June 30		(1,784)		(1,654)

Amounts reclassified out of accumulated other comprehensive income (loss) - before-tax income (expense):
	Second Quarter						Six Months to June 30
millions of Canadian dollars	2017			2016			2017			2016
Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost (a)		(49	)		(48	)		(98	)		(94	)
(a)    This accumulated other comprehensive income component is included in the computation of net periodic benefit cost (note 4).

Income tax expense (credit) for components of other comprehensive income (loss):

	Second Quarter				Six Months to June 30
millions of Canadian dollars	2017		2016		2017		2016
Post-retirement benefits liability adjustments:
Post-retirement benefits liability adjustment (excluding amortization)		-		-		16		37
Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost		13		15		26		20
Total		13		15		42		57

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Recently issued accounting standards

6 Months Ended

Jun. 30, 2017

Recently issued accounting standards

11. Recently issued accounting standards

In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard, Revenue from Contracts with Customers. The standard establishes a single revenue recognition model for all contracts with customers, eliminates industry specific requirements and expands disclosure requirements. The standard is required to be adopted beginning January 1, 2018. The company expects to adopt the standard using the modified retrospective method, under which prior years’ results are not restated, but supplemental information on the impact of the new standard is provided for in the 2018 results. Imperial continues to evaluate other areas of the standard. The impact from the standard is not expected to have a material effect on the company’s financial statements.

In February 2016, the FASB issued a new standard, Leases. The standard requires all leases with an initial term greater than one year be recorded on the balance sheet as a lease asset and lease liability. The standard is required to be adopted beginning January 1, 2019. Imperial is evaluating the standard and its effect on the company’s financial statements and plans to adopt it in 2019.

In March 2017, the FASB issued an Accounting Standards Update, 2017-07, Compensation – Retirement Benefits (Topic 715):Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The update requires the service cost component of net benefit costs to be reported in the same line in the income statement as other compensation costs and the other components of net benefit costs to be presented separately from the service cost component. Additionally, only the service cost component of net benefit costs will be eligible for capitalization. The update is required to be adopted beginning January 1, 2018. Imperial is evaluating the standard and its effect on the company’s financial statements.

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Business segments (Tables)

6 Months Ended

Jun. 30, 2017

Business Segments

Second Quarter	Upstream				Downstream				Chemical
millions of Canadian dollars	2017		2016		2017		2016		2017		2016
Revenues and other income
Operating revenues (a)		1,787		1,403		4,909		4,559		289		263
Intersegment sales		289		328		242		211		62		54
Investment and other income (note 3)		5		2		42		20		(2)		-
		2,081		1,733		5,193		4,790		349		317
Expenses
Exploration		-		42		-		-		-		-
Purchases of crude oil and products		1,026		905		4,014		3,555		193		171
Production and manufacturing		1,051		838		426		421		48		51
Selling and general		(7)		(3)		185		253		19		19
Federal excise tax		-		-		421		415		-		-
Depreciation and depletion		298		350		47		51		3		2
Financing costs (note 5)		-		(1)		-		-		-		-
Total expenses		2,368		2,131		5,093		4,695		263		243
Income (loss) before income taxes		(287)		(398)		100		95		86		74
Income taxes		(86)		(108)		22		24		22		19
Net income (loss)		(201)		(290)		78		71		64		55
Cash flows from (used in) operating activities		117		82		302		295		100		72
Capital and exploration expenditures (b)		91		250		39		64		3		8
Second Quarter	Corporate and Other				Eliminations				Consolidated
millions of Canadian dollars	2017		2016		2017		2016		2017		2016
Revenues and other income
Operating revenues (a)		-		-		-		-		6,985		6,225
Intersegment sales		-		-		(593)		(593)		-		-
Investment and other income (note 3)		3		1		-		-		48		23
		3		1		(593)		(593)		7,033		6,248
Expenses
Exploration		-		-		-		-		-		42
Purchases of crude oil and products		-		-		(591)		(590)		4,642		4,041
Production and manufacturing		-		-		-		-		1,525		1,310
Selling and general		6		1		(2)		(3)		201		267
Federal excise tax		-		-		-		-		421		415
Depreciation and depletion		4		4		-		-		352		407
Financing costs (note 5)		17		19		-		-		17		18
Total expenses		27		24		(593)		(593)		7,158		6,500
Income (loss) before income taxes		(24)		(23)		-		-		(125)		(252)
Income taxes		(6)		(6)		-		-		(48)		(71)
Net income (loss)		(18)		(17)		-		-		(77)		(181)
Cash flows from (used in) operating activities		(27)		(6)		-		-		492		443
Capital and exploration expenditures (b)		10		13		-		-		143		335

(a) Included export sales to the United States of $1,045 million (2016 - $966 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

(b) Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions.

Six Months to June 30	Upstream				Downstream				Chemical
millions of Canadian dollars	2017		2016		2017		2016		2017		2016
Revenues and other income
Operating revenues (a)		3,498		2,383		9,883		8,499		562		517
Intersegment sales		907		807		551		436		129		98
Investment and other income (note 3)		10		21		233		49		(1)		-
		4,415		3,211		10,667		8,984		690		615
Expenses
Exploration		22		59		-		-		-		-
Purchases of crude oil and products		2,142		1,723		8,023		6,312		394		330
Production and manufacturing		2,024		1,747		775		736		101		98
Selling and general		(4)		(2)		373		491		41		41
Federal excise tax		-		-		815		803		-		-
Depreciation and depletion		634		707		95		112		6		4
Financing costs (note 5)		4		(4)		-		-		-		-
Total expenses		4,822		4,230		10,081		8,454		542		473
Income (loss) before income taxes		(407)		(1,019)		586		530		148		142
Income taxes		(120)		(281)		128		139		39		38
Net income (loss)		(287)		(738)		458		391		109		104
Cash flows from (used in) operating activities		425		(400)		358		764		77		132
Capital and exploration expenditures (b)		194		596		73		107		7		14
Total assets as at June 30		35,527		37,166		4,334		5,239		384		393
Six Months to June 30	Corporate and Other				Eliminations				Consolidated
millions of Canadian dollars	2017		2016		2017		2016		2017		2016
Revenues and other income
Operating revenues (a)		-		-		-		-		13,943		11,399
Intersegment sales		-		-		(1,587)		(1,341)		-		-
Investment and other income (note 3)		4		1		-		-		246		71
		4		1		(1,587)		(1,341)		14,189		11,470
Expenses
Exploration		-		-		-		-		22		59
Purchases of crude oil and products		-		-		(1,584)		(1,338)		8,975		7,027
Production and manufacturing		-		-		-		-		2,900		2,581
Selling and general		-		10		(3)		(3)		407		537
Federal excise tax		-		-		-		-		815		803
Depreciation and depletion		9		8		-		-		744		831
Financing costs (note 5)		27		37		-		-		31		33
Total expenses		36		55		(1,587)		(1,341)		13,894		11,871
Income (loss) before income taxes		(32)		(54)		-		-		295		(401)
Income taxes		(8)		(15)		-		-		39		(119)
Net income (loss)		(24)		(39)		-		-		256		(282)
Cash flows from (used in) operating activities		(14)		(4)		-		-		846		492
Capital and exploration expenditures (b)		22		26		-		-		296		743
Total assets as at June 30		1,071		662		(211)		(216)		41,105		43,244

(a) Included export sales to the United States of $1,944 million (2016 - $1,763 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

(b) Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions.

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Investment and other income (Tables)

6 Months Ended

Jun. 30, 2017

Gains and Losses on Asset Sales

Investment and other income included gains and losses on asset sales as follows:

	Second Quarter				Six Months to June 30
millions of Canadian dollars	2017		2016		2017		2016
Proceeds from asset sales		39		17		222		50
Book value of assets sold		9		4		10		7
Gain (loss) on asset sales, before tax (a)		31		13		213		43
Gain (loss) on asset sales, after tax (a)		28		10		186		34

(a) The six months ended June 30, 2017 included a gain of $174 million ($151 million after tax) for the sale of a surplus property in Ontario.

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Employee retirement benefits (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Components of Net Benefit Cost

The components of net benefit cost were as follows:

	Second Quarter						Six Months to June 30
millions of Canadian dollars	2017			2016			2017			2016
Pension benefits:
Current service cost		54			51			109			102
Interest cost		79			79			158			158
Expected return on plan assets		(101	)		(100	)		(202	)		(199	)
Amortization of prior service cost		2			3			5			5
Amortization of actuarial loss (gain)		45			41			89			82
Net periodic benefit cost		79			74			159			148
Other post-retirement benefits:
Current service cost		4			4			8			8
Interest cost		6			6			12			13
Amortization of actuarial loss (gain)		2			4			4			7
Net periodic benefit cost		12			14			24			28

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Financing costs and additional notes and loans payable information (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Financing Costs

	Second Quarter						Six Months to June 30
millions of Canadian dollars	2017			2016			2017			2016
Debt-related interest		27			32			49			63
Capitalized interest		(10	)		(13	)		(22	)		(26	)
Net interest expense		17			19			27			37
Other interest		-			(1	)		4			(4	)
Total financing costs		17			18			31			33

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Long-term debt (Tables)

6 Months Ended

Jun. 30, 2017

Long-Term Debt

	As at   June 30		As at  Dec 31
millions of Canadian dollars	2017		2016
Long-term debt		4,447		4,447
Capital leases		572		585
Total long-term debt		5,019		5,032

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Other long-term obligations (Tables)

6 Months Ended

Jun. 30, 2017

Other Long-Term Obligations

	As at   June 30		As at  Dec 31
millions of Canadian dollars	2017		2016
Employee retirement benefits (a)		1,468		1,645
Asset retirement obligations and other environmental liabilities (b)		1,588		1,544
Share-based incentive compensation liabilities		124		139
Other obligations		498		328
Total other long-term obligations		3,678		3,656

(a) Total recorded employee retirement benefits obligations also included $58 million in current liabilities (2016 - $58 million).

(b) Total asset retirement obligations and other environmental liabilities also included $108 million in current liabilities (2016 - $108 million).

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Common shares (Tables)

6 Months Ended

Jun. 30, 2017

Summary of Common Shares

	As of   June 30		As of   Dec 31
thousands of shares	2017		2016
Authorized		1,100,000		1,100,000
Common shares outstanding		844,313		847,599

Schedule of Stock Repurchased

The results of these activities are as shown below:

year	Purchased shares   thousands		Millions of   dollars
1995 - 2015		906,544		15,708
2016 - Second quarter		-		-
- Full year		1		-
2017 - Second quarter		3,286		127
- Year-to-date		3,286		127
Cumulative purchase to date		909,831		15,835

Calculation of Basic and Diluted Earnings Per Share

The following table provides the calculation of net income per common share:

	Second Quarter						Six Months to June 30
	2017			2016			2017		2016
Net income (loss) per common share - basic
Net income (loss) (millions of Canadian dollars)		(77	)		(181	)		256		(282	)
Weighted average number of common shares outstanding (millions of shares)		847.0			847.6			847.3		847.6
Net income (loss) per common share (dollars)		(0.09	)		(0.21	)		0.30		(0.33	)
Net income (loss) per common share - diluted
Net income (loss) (millions of Canadian dollars)		(77	)		(181	)		256		(282	)
Weighted average number of common shares outstanding (millions of shares)		847.0			847.6			847.3		847.6
Effect of employee share-based awards (millions of shares)		2.9			3.0			2.8		2.9
Weighted average number of common shares outstanding, assuming dilution (millions of shares)		849.9			850.6			850.1		850.5
Net income (loss) per common share (dollars)		(0.09	)		(0.21	)		0.30		(0.33	)

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Earnings reinvested (Tables)

6 Months Ended

Jun. 30, 2017

Summary of Earnings Reinvested

	Second Quarter					Six Months to June 30
millions of Canadian dollars		2017		2016			2017		2016
Earnings reinvested at beginning of period		25,558		23,467			25,352		23,687
Net income (loss) for the period		(77	)	(181	)		256		(282	)
Share purchases in excess of stated value		(121	)	-			(121	)	-
Dividends declared		(136	)	(127	)		(263	)	(246	)
Earnings reinvested at end of period		25,224		23,160			25,224		23,160

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Other comprehensive income (loss) information (Tables)

6 Months Ended

Jun. 30, 2017

Changes in Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss):
millions of Canadian dollars	2017		2016
Balance at January 1		(1,897)		(1,828)
Post-retirement benefits liability adjustment:
Current period change excluding amounts reclassified from accumulated other comprehensive income		41		100
Amounts reclassified from accumulated other comprehensive income		72		74
Balance at June 30		(1,784)		(1,654)

Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) - Before-Tax Income (Expense)

Amounts reclassified out of accumulated other comprehensive income (loss) - before-tax income (expense):
	Second Quarter						Six Months to June 30
millions of Canadian dollars	2017			2016			2017			2016
Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost (a)		(49	)		(48	)		(98	)		(94	)
(a)    This accumulated other comprehensive income component is included in the computation of net periodic benefit cost (note 4).

Income Tax Expense (Credit) for Components of Other Comprehensive Income (Loss)

Income tax expense (credit) for components of other comprehensive income (loss):

	Second Quarter				Six Months to June 30
millions of Canadian dollars	2017		2016		2017		2016
Post-retirement benefits liability adjustments:
Post-retirement benefits liability adjustment (excluding amortization)		-		-		16		37
Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost		13		15		26		20
Total		13		15		42		57

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Business Segments (Detail) - CAD CAD in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2017		Jun. 30, 2016		Jun. 30, 2017		Jun. 30, 2016		Dec. 31, 2016
Revenues and other income
Operating revenues	[1]	CAD 6,985	[2]	CAD 6,225	[2]	CAD 13,943	[3]	CAD 11,399	[3]
Investment and other income (note 3)		48		23		246		71
Total revenues and other income		7,033		6,248		14,189		11,470
Expenses
Exploration				42		22		59
Purchases of crude oil and products	[4]	4,642		4,041		8,975		7,027
Production and manufacturing	[5]	1,525		1,310		2,900		2,581
Selling and general	[5]	201		267		407		537
Federal excise tax		421		415		815		803
Depreciation and depletion		352		407		744		831
Financing costs (note 5)		17		18		31		33
Total expenses		7,158		6,500		13,894		11,871
Income (loss) before income taxes		(125)		(252)		295		(401)
Income taxes		(48)		(71)		39		(119)
Net income (loss)		(77)		(181)		256		(282)
Cash flows from (used in) operating activities		492		443		846		492
Capital and exploration expenditures	[6]	143		335		296		743
Total assets		41,105		43,244		41,105		43,244		CAD 41,654
Consolidation, Eliminations
Revenues and other income
Intersegment sales		(593)		(593)		(1,587)		(1,341)
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME		(593)		(593)		(1,587)		(1,341)
Expenses
Purchases of crude oil and products		(591)		(590)		(1,584)		(1,338)
Selling and general		(2)		(3)		(3)		(3)
Total expenses		(593)		(593)		(1,587)		(1,341)
Total assets		(211)		(216)		(211)		(216)
Upstream
Revenues and other income
Operating revenues		1,787	[2]	1,403	[2]	3,498	[3]	2,383	[3]
Intersegment sales		289		328		907		807
Investment and other income (note 3)		5		2		10		21
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME		2,081		1,733		4,415		3,211
Expenses
Exploration				42		22		59
Purchases of crude oil and products		1,026		905		2,142		1,723
Production and manufacturing		1,051		838		2,024		1,747
Selling and general		(7)		(3)		(4)		(2)
Depreciation and depletion		298		350		634		707
Financing costs (note 5)				(1)		4		(4)
Total expenses		2,368		2,131		4,822		4,230
Income (loss) before income taxes		(287)		(398)		(407)		(1,019)
Income taxes		(86)		(108)		(120)		(281)
Net income (loss)		(201)		(290)		(287)		(738)
Cash flows from (used in) operating activities		117		82		425		(400)
Capital and exploration expenditures	[6]	91		250		194		596
Total assets		35,527		37,166		35,527		37,166
Downstream
Revenues and other income
Operating revenues		4,909	[2]	4,559	[2]	9,883	[3]	8,499	[3]
Intersegment sales		242		211		551		436
Investment and other income (note 3)		42		20		233		49
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME		5,193		4,790		10,667		8,984
Expenses
Purchases of crude oil and products		4,014		3,555		8,023		6,312
Production and manufacturing		426		421		775		736
Selling and general		185		253		373		491
Federal excise tax		421		415		815		803
Depreciation and depletion		47		51		95		112
Total expenses		5,093		4,695		10,081		8,454
Income (loss) before income taxes		100		95		586		530
Income taxes		22		24		128		139
Net income (loss)		78		71		458		391
Cash flows from (used in) operating activities		302		295		358		764
Capital and exploration expenditures	[6]	39		64		73		107
Total assets		4,334		5,239		4,334		5,239
Chemical
Revenues and other income
Operating revenues		289	[2]	263	[2]	562	[3]	517	[3]
Intersegment sales		62		54		129		98
Investment and other income (note 3)		(2)				(1)
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME		349		317		690		615
Expenses
Purchases of crude oil and products		193		171		394		330
Production and manufacturing		48		51		101		98
Selling and general		19		19		41		41
Depreciation and depletion		3		2		6		4
Total expenses		263		243		542		473
Income (loss) before income taxes		86		74		148		142
Income taxes		22		19		39		38
Net income (loss)		64		55		109		104
Cash flows from (used in) operating activities		100		72		77		132
Capital and exploration expenditures	[6]	3		8		7		14
Total assets		384		393		384		393
Corporate and Other
Revenues and other income
Investment and other income (note 3)		3		1		4		1
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME		3		1		4		1
Expenses
Selling and general		6		1				10
Depreciation and depletion		4		4		9		8
Financing costs (note 5)		17		19		27		37
Total expenses		27		24		36		55
Income (loss) before income taxes		(24)		(23)		(32)		(54)
Income taxes		(6)		(6)		(8)		(15)
Net income (loss)		(18)		(17)		(24)		(39)
Cash flows from (used in) operating activities		(27)		(6)		(14)		(4)
Capital and exploration expenditures	[6]	10		13		22		26
Total assets		CAD 1,071		CAD 662		CAD 1,071		CAD 662

[1] Amounts from related parties included in operating revenues. 1,008 446 2,045 1,009

[2] Included export sales to the United States of $1,045 million (2016 - $966 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

[3] Included export sales to the United States of $1,944 million (2016 - $1,763 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

[4] Amounts to related parties included in purchases of crude oil and products. 706 286 1,315 917

[5] Amounts to related parties included in production and manufacturing, and selling and general expenses. 147 157 288 261

[6] Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions.

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Business Segments (Parenthetical) (Detail) - CAD CAD in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2017		Jun. 30, 2016		Jun. 30, 2017		Jun. 30, 2016
Segment Reporting Information [Line Items]
Operating revenues	[1]	CAD 6,985	[2]	CAD 6,225	[2]	CAD 13,943	[3]	CAD 11,399	[3]
United States Exports
Segment Reporting Information [Line Items]
Operating revenues		CAD 1,045		CAD 966		CAD 1,944		CAD 1,763

[1] Amounts from related parties included in operating revenues. 1,008 446 2,045 1,009

[2] Included export sales to the United States of $1,045 million (2016 - $966 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

[3] Included export sales to the United States of $1,944 million (2016 - $1,763 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

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Gains and Losses on Asset Sales (Detail) - CAD CAD in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Investment And Other Income [Line Items]
Proceeds from asset sales		CAD 39	CAD 17	CAD 222	CAD 50
Book value of assets sold		9	4	10	7
Gain (loss) on asset sales, before tax	[1]	31	13	213	43
Gain (loss) on asset sales, after tax	[1]	CAD 28	CAD 10	CAD 186	CAD 34

[1] The six months ended June 30, 2017 included a gain of $174 million ($151 million after tax) for the sale of a surplus property in Ontario.

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Gains and Losses on Asset Sales (Parenthetical) (Detail) - CAD CAD in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Investment And Other Income [Line Items]
Gain (loss) on asset sales, before tax	[1]	CAD 31	CAD 13	CAD 213	CAD 43
Gain (loss) on asset sales, after tax	[1]	CAD 28	CAD 10	186	CAD 34
Surplus Property
Investment And Other Income [Line Items]
Gain (loss) on asset sales, before tax				174
Gain (loss) on asset sales, after tax				CAD 151

[1] The six months ended June 30, 2017 included a gain of $174 million ($151 million after tax) for the sale of a surplus property in Ontario.

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Components of Net Periodic Benefit Cost (Detail) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Pension benefits
Defined Benefit Plan Disclosure [Line Items]
Current service cost	CAD 54	CAD 51	CAD 109	CAD 102
Interest cost	79	79	158	158
Expected return on plan assets	(101)	(100)	(202)	(199)
Amortization of prior service cost	2	3	5	5
Amortization of actuarial loss (gain)	45	41	89	82
Net periodic benefit cost	79	74	159	148
Other post-retirement benefits
Defined Benefit Plan Disclosure [Line Items]
Current service cost	4	4	8	8
Interest cost	6	6	12	13
Amortization of actuarial loss (gain)	2	4	4	7
Net periodic benefit cost	CAD 12	CAD 14	CAD 24	CAD 28

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Employee Retirement Benefits - Additional Information (Detail) - Pension benefits - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Cash contributions to pension plans in current fiscal year	$ 281
Cash contributions to pension plans in 2017		$ 217
Increase In cash contributions to pension plans for current fiscal year	$ 64

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Financing Costs and Additional Notes and Loans Payable Information (Detail) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Debt-related interest	CAD 27	CAD 32	CAD 49	CAD 63
Capitalized interest	(10)	(13)	(22)	(26)
Net interest expense	17	19	27	37
Other interest		(1)	4	(4)
Total financing costs	CAD 17	CAD 18	CAD 31	CAD 33

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Long-Term Debt (Detail) - CAD CAD in Millions		Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Long-term debt		CAD 4,447	CAD 4,447
Capital leases		572	585
Total long-term debt	[1]	CAD 5,019	CAD 5,032

[1] Long-term debt included amounts to related parties of $4,447 million (2016 - $4,447 million).

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Other Long-Term Obligations (Detail) - CAD CAD in Millions		Jun. 30, 2017	Dec. 31, 2016
Schedule of Other Liabilities [Line Items]
Employee retirement benefits	[1]	CAD 1,468	CAD 1,645
Asset retirement obligations and other environmental liabilities	[2]	1,588	1,544
Share-based incentive compensation liabilities		124	139
Other obligations		498	328
Total other long-term obligations	[3]	CAD 3,678	CAD 3,656

[1] Total recorded employee retirement benefits obligations also included $58 million in current liabilities (2016 - $58 million).

[2] Total asset retirement obligations and other environmental liabilities also included $108 million in current liabilities (2016 - $108 million).

[3] Other long-term obligations included amounts to related parties of $82 million (2016 - $104 million).

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Other Long-Term Obligations (Parenthetical) (Detail) - CAD CAD in Millions	Jun. 30, 2017	Dec. 31, 2016
Schedule of Other Liabilities [Line Items]
Employee retirement benefit obligations in current liabilities	CAD 58	CAD 58
Asset retirement obligations and other environmental liabilities in current liabilities	CAD 108	CAD 108

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Summary of Common Shares (Detail) - shares	Jun. 30, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Authorized	1,100,000,000	1,100,000,000
Common shares outstanding	844,313,000	847,599,000

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Common Shares - Additional Information (Detail) - shares	6 Months Ended
	Jun. 30, 2017	Jun. 13, 2017
Class of Stock [Line Items]
Normal course issuer bid share repurchase term, months	12 months
Exxon Mobil Corporation's ownership interest in Imperial	69.60%
Normal course issuer bid share repurchase shares authorized	25,395,927
Percent of total shares		3.00%

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Schedule of Stock Repurchased (Detail) - Common Stock - CAD shares in Thousands, CAD in Millions	3 Months Ended	6 Months Ended	12 Months Ended	240 Months Ended	258 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2017
Equity, Class of Treasury Stock [Line Items]
Cumulative purchase to date, shares	3,286	3,286	1	906,544	909,831
Cumulative purchases to date, value	CAD 127	CAD 127		CAD 15,708	CAD 15,835

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Net Income (Loss) Per Share (Detail) - CAD CAD / shares in Units, shares in Millions, CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net income (loss) per common share - basic
Net income (loss)	CAD (77)	CAD (181)	CAD 256	CAD (282)
Weighted average number of common shares outstanding (millions of shares)	847.0	847.6	847.3	847.6
Net income (loss) per common share (dollars)	CAD (0.09)	CAD (0.21)	CAD 0.30	CAD (0.33)
Net income (loss) per common share - diluted
Net income (loss)	CAD (77)	CAD (181)	CAD 256	CAD (282)
Weighted average number of common shares outstanding (millions of shares)	847.0	847.6	847.3	847.6
Effect of employee share-based awards (millions of shares)	2.9	3.0	2.8	2.9
Weighted average number of common shares outstanding, assuming dilution (millions of shares)	849.9	850.6	850.1	850.5
Net income (loss) per common share (dollars)	CAD (0.09)	CAD (0.21)	CAD 0.30	CAD (0.33)

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Summary of Earnings Reinvested (Detail) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Retained Earnings Adjustments [Line Items]
Earnings reinvested at beginning of period	CAD 25,558	CAD 23,467	CAD 25,352	CAD 23,687
Net income (loss) for the period	(77)	(181)	256	(282)
Share purchases in excess of stated value	(121)		(121)
Dividends declared	(136)	(127)	(263)	(246)
Earnings reinvested at end of period	CAD 25,224	CAD 23,160	CAD 25,224	CAD 23,160

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Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at January 1			CAD (1,897)	CAD (1,828)
Current period change excluding amounts reclassified from accumulated other comprehensive income			41	100
Amounts reclassified from accumulated other comprehensive income	CAD 36	CAD 33	72	74
Balance at June 30	CAD (1,784)	CAD (1,654)	CAD (1,784)	CAD (1,654)

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Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) (Detail) - CAD CAD in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost	[1]	CAD (49)	CAD (48)	CAD (98)	CAD (94)

[1] This accumulated other comprehensive income component is included in the computation of net periodic benefit cost (note 4).

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Income Tax Expense (Credit) for Components of Other Comprehensive Income (Loss) (Detail) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Post-retirement benefits liability adjustment (excluding amortization)			CAD 16	CAD 37
Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost	CAD 13	CAD 15	26	20
Total	CAD 13	CAD 15	CAD 42	CAD 57