UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM SD


SPECIALIZED DISCLOSURE REPORT




Imperial Oil Limited
(Exact name of the registrant as specified in its charter)



CANADA0-1201498-0017682
(State or other jurisdiction of(Commission(IRS Employer
incorporation or organization)File Number)Identification No.)



505 QUARRY PARK BOULEVARD S.E., CALGARY, AB, CANADA, T2C 5N1
(Address of principal executive offices) (Postal Code)


Daniel E. Lyons (587) 476-3941
(Name and telephone number, including area code, of the person to contact in connection with this report)





Check the appropriate box to indicate the rule pursuant to which this form is being filed:


☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023.

☑ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.



Section 2 – Resource Extraction Issuer Disclosure

Item 2.01 Resource Extraction Issuer Disclosure and Report

Imperial Oil Limited (the “Company”) is relying on the alternative reporting provision of Item 2.01. The Company has prepared a report for the year ended December 31, 2023 under Canada’s Extractive Sector Transparency Measures Act, S.C. 2014, c. 39, s. 376 and submitted such report to Natural Resources Canada on April 23, 2024 (the “Report”). The Report, which includes the payment disclosure required by Item 2.01 of this Form SD, is filed as Exhibit 99.1 to this Form SD. Additionally, such report will be publicly accessible on the Company’s website at https://www.imperialoil.ca/investors/investor-relations/annual-and-quarterly-reports-and-filings or on the Government of Canada’s website at https://natural-resources.canada.ca/estma-data for a period of at least five years from the date it was submitted. The information contained on the website referred to in this paragraph is not incorporated by reference into this Form SD and should not be considered part of this Form SD.



Section 3 – Exhibits

Item 3.01 Exhibits

The following exhibit is filed as part of this report:

ExhibitDescription
Exhibit to Form SD - Resource Extraction Payment Report as required by Item 2.01 of this Form



2


SIGNATURE




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 duly authorized undersigned.



Imperial Oil Limited
/s/ Daniel E. Lyons
September 25, 2024
By Daniel E. Lyons
(Date)
   Senior vice-president, finance and administration, and controller
(Chief financial officer)
3

Exhibit 99.1
Extractive Sector Transparency Measures Act - Resource Extraction Payment Report for the year ended December 31, 2023
Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity NameImperial Oil Limited
Reporting YearFrom2023-01-01To:2023-12-31Date submitted2024-04-23
Reporting Entity ESTMA Identification NumberE425849
☑
Original Submission
☐
Amended Report
Other Subsidiaries Included
(optional field)
For Consolidated Reports - Subsidiary Reporting Entities Included in Report:E752542 Imperial Oil Resources Limited, E891279 Imperial Oil Resources N.W.T. Limited
Not Substituted
Attestation by Reporting Entity
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting EntityChris LeyerzapfDate2024-04-04
Position TitleAssistant Controller


Extractive Sector Transparency Measures Act - Annual Report
Reporting YearFrom:2023-01-01To: 2023-12-31
Reporting Entity NameImperial Oil LimitedCurrency of the ReportCAD
Reporting Entity ESTMA Identification NumberE425849
Subsidiary Reporting Entities (if necessary)E752542 Imperial Oil Resources Limited, E891279 Imperial Oil Resources N.W.T. Limited
Payments by Payee
Country
Payee Name1
Departments, Agency, etc… within Payee that Received Payments2
TaxesRoyaltiesFeesProduction EntitlementsBonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid to Payee
Notes34
CanadaGOVERNMENT OF ALBERTA461,190,0001,060,610,00021,940,0001,543,740,000
CanadaREGIONAL MUNICIPALITY OF WOOD BUFFALO52,360,00052,360,000
CanadaMUNICIPAL DISTRICT OF BONNYVILLE NO 8729,960,00029,960,000
CanadaTOWN OF NORMAN WELLS5,150,0005,150,000
CanadaGOVERNMENT OF BRITISH COLUMBIA110,000110,000
CanadaGOVERNMENT OF CANADA1,345,380,0001,680,000630,0001,347,690,000
CanadaGOVERNMENT OF QUEBEC20,050,00020,050,000
CanadaATHABASCA CHIPEWYAN FIRST NATION4,260,0004,260,000
CanadaCOLD LAKE FIRST NATIONS1,050,0001,050,000
CanadaELIZABETH METIS SETTLEMENT700,000700,000
CanadaFORT MCKAY FIRST NATION7,540,0007,540,000
CanadaFORT MCKAY METIS COMMUNITY ASSOCIATION1,140,0001,140,000


CanadaFORT MCMURRAY #468 FIRST NATION1,350,0001,350,000
CanadaHEART LAKE FIRST NATION180,000180,000
CanadaMETIS NATION OF ALBERTA ASSOCIATION LOCAL #125 FORT CHIPEWYAN1,140,0001,140,000
CanadaMETIS NATION OF ALBERTA ASSOCIATION LOCAL #1935 FORT MCMURRAY 900,000900,000
CanadaMIKISEW CREE FIRST NATION2,130,0002,130,000
CanadaONION LAKE CREE NATION300,000300,000
CanadaWHITEFISH LAKE FIRST NATION180,000180,000
CanadaBEAVER LAKE CREE NATION150,000150,000
CanadaBUFFALO LAKE METIS SETTLEMENT750,000750,000
Additional Notes:This consolidated report includes payments for the period of January 1, 2023 to December 31, 2023, for the following reporting entities: E752542 Imperial Oil Resources Limited, E891279 Imperial Oil Resources N.W.T. Limited.
1 Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z).
2 Optional field.
3 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.
4 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.


Extractive Sector Transparency Measures Act - Annual Report
Reporting YearFrom:2023-01-01To: 2023-12-31
Reporting Entity NameImperial Oil LimitedCurrency of the ReportCAD
Reporting Entity ESTMA Identification NumberE425849
Subsidiary Reporting Entities (if necessary)E752542 Imperial Oil Resources Limited, E891279 Imperial Oil Resources N.W.T. Limited
Payments by Project
Country
Project Name1
TaxesRoyaltiesFeesProduction EntitlementsBonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid by Project
Notes23
CanadaCOLD LAKE29,960,000612,990,00010,200,000653,150,000
CanadaKEARL52,360,000447,160,00024,120,000523,640,000
CanadaOTHER OIL SANDS 1,826,620,0008,100,0001,834,720,000
CanadaCONVENTIONAL460,0001,670,0002,130,000
CanadaNORMAN WELLS5,150,0001,680,00010,0006,840,000
CanadaHORN RIVER350,000350,000
Additional Notes3:
This consolidated report includes payments for the period of January 1, 2023 to December 31, 2023, for the following reporting entities: E752542 Imperial Oil Resources Limited, E891279 Imperial Oil Resources N.W.T. Limited.
1 Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the "Payments by Project" table.
2 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.
3 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional Notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.

v3.24.3
Document Information
 12 Months Ended
Dec. 31, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0000049938
Registrant Name Imperial Oil Ltd
Period End Date Dec. 31, 2023
Reporting Currency CAD
v3.24.3
Payments, by Category - CAD ($)
$ in Thousands
Taxes
Royalties
Fees
Total Payments
Total $ 1,914,090 $ 1,062,290 $ 44,450 $ 3,020,830
v3.24.3
Payments, by Project - 12 months ended Dec. 31, 2023 - CAD ($)
$ in Thousands
Taxes
Royalties
Fees
Total Payments
Total $ 1,914,090 $ 1,062,290 $ 44,450 $ 3,020,830
COLD LAKE [Member]        
Total 29,960 612,990 10,200 653,150
KEARL [Member]        
Total 52,360 447,160 24,120 523,640
OTHER OIL SANDS [Member]        
Total 1,826,620   8,100 1,834,720
CONVENTIONAL [Member]        
Total   460 1,670 2,130
NORMAN WELLS [Member]        
Total $ 5,150 $ 1,680 10 6,840
HORN RIVER [Member]        
Total     $ 350 $ 350
v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - CAD ($)
$ in Thousands
Taxes
Royalties
Fees
Total Payments
Total $ 1,914,090 $ 1,062,290 $ 44,450 $ 3,020,830
CANADA | GOVERNMENT OF ALBERTA [Member]        
Total 461,190 1,060,610 21,940 1,543,740
CANADA | REGIONAL MUNICIPALITY OF WOOD BUFFALO [Member]        
Total 52,360     52,360
CANADA | MUNICIPAL DISTRICT OF BONNYVILLE NO 87 [Member]        
Total 29,960     29,960
CANADA | TOWN OF NORMAN WELLS [Member]        
Total 5,150     5,150
CANADA | GOVERNMENT OF BRITISH COLUMBIA [Member]        
Total     110 110
CANADA | GOVERNMENT OF CANADA [Member]        
Total 1,345,380 $ 1,680 630 1,347,690
CANADA | GOVERNMENT OF QUEBEC [Member]        
Total $ 20,050     20,050
CANADA | ATHABASCA CHIPEWYAN FIRST NATION [Member]        
Total     4,260 4,260
CANADA | COLD LAKE FIRST NATIONS [Member]        
Total     1,050 1,050
CANADA | ELIZABETH METIS SETTLEMENT [Member]        
Total     700 700
CANADA | FORT MCKAY FIRST NATION [Member]        
Total     7,540 7,540
CANADA | FORT MCKAY METIS COMMUNITY ASSOCIATION [Member]        
Total     1,140 1,140
CANADA | FORT MCMURRAY #468 FIRST NATION [Member]        
Total     1,350 1,350
CANADA | HEART LAKE FIRST NATION [Member]        
Total     180 180
CANADA | METIS NATION OF ALBERTA ASSOCIATION LOCAL #125 FORT CHIPEWYAN [Member]        
Total     1,140 1,140
CANADA | METIS NATION OF ALBERTA ASSOCIATION LOCAL #1935 FORT MCMURRAY [Member]        
Total     900 900
CANADA | MIKISEW CREE FIRST NATION [Member]        
Total     2,130 2,130
CANADA | ONION LAKE CREE NATION [Member]        
Total     300 300
CANADA | WHITEFISH LAKE FIRST NATION [Member]        
Total     180 180
CANADA | BEAVER LAKE CREE NATION [Member]        
Total     150 150
CANADA | BUFFALO LAKE METIS SETTLEMENT [Member]        
Total     $ 750 $ 750
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