10-QPeriod: Q1 FY2004

IMPERIAL OIL LTD Quarterly Report for Q1 Ended Mar 31, 2004

Filed May 6, 2004For Securities:IMO

Summary

Imperial Oil Ltd. reported its financial results for the first quarter ended March 30, 2004. The company presented its consolidated financial statements, including statements of earnings, retained earnings, and cash flows, alongside its balance sheet as of March 31, 2004. Management's Discussion and Analysis provides insights into the company's financial condition and operational results during the period. Investors reviewing this filing should pay close attention to the Statement of Earnings for year-over-year performance comparisons and the Statement of Cash Flows for indications of cash generation and usage. The Balance Sheet offers a snapshot of the company's assets, liabilities, and equity. The accompanying notes and the Management's Discussion and Analysis section are crucial for understanding the context behind the numbers, including any significant operational events, market risks, and the effectiveness of the company's internal controls.

Key Highlights

  • 1The filing includes unaudited consolidated financial statements for the three months ended March 31, 2004, compared to the same period in 2003.
  • 2Key financial statements provided are the Statement of Earnings, Statement of Retained Earnings, Statement of Cash Flows, and the Consolidated Balance Sheet.
  • 3Management's Discussion and Analysis (MD&A) is a critical section for understanding operational performance and financial condition.
  • 4The report details quantitative and qualitative disclosures regarding market risk exposures.
  • 5Information on controls and procedures is presented to assure investors about the integrity of financial reporting.
  • 6The filing also covers other information, including changes in securities and issuer purchases of equity, as well as submission of matters to a vote of security holders.

Frequently Asked Questions

This 10-Q filing provides Imperial Oil Ltd.'s unaudited quarterly financial information for the period ending March 30, 2004. It includes detailed financial statements, management's analysis of performance and condition, market risk disclosures, and information on internal controls.

Information on Imperial Oil's profitability for the first quarter of 2004 can be found in the 'Consolidated Statement of Earnings' for the three months ended March 31, 2004, and the 'Management's Discussion and Analysis of Financial Condition and Results of Operations'.

Yes, the 'Consolidated Statement of Earnings' explicitly compares the three months ended March 31, 2004, with the same period in 2003, allowing investors to assess year-over-year performance trends.

The risks Imperial Oil faces are detailed in 'Item 3 - Quantitative and Qualitative Disclosures About Market Risk.' This section outlines the company's exposure to market risks such as interest rate, foreign currency, and commodity price fluctuations, and how these risks are managed.