Imperial Oil Ltd. has announced its financial and operating results for the second quarter of 2025. The company reported a net income of CAD 949 million, down from CAD 1,133 million in the same quarter of the previous year. This decline is attributed to lower upstream realizations and decreased downstream margin capture. The net income per common share, assuming dilution, fell to CAD 1.86 from CAD 2.11 in the second quarter of 2024. For the first six months of 2025, Imperial's net income stood at CAD 2,237 million, slightly below the CAD 2,328 million recorded in the same period of 2024. The net income per common share for this period increased marginally to CAD 4.38 from CAD 4.34 in 2024. In operational updates, Imperial continues to focus on its share repurchase program, planning to accelerate purchases to maintain its ownership percentage at approximately 69.6 percent. The company anticipates completing the repurchase of all remaining allowable shares by the end of the year. Cash flows from operating activities for the second quarter of 2025 were reported at CAD 1,465 million, compared to CAD 1,629 million in the same quarter last year. Capital and exploration expenditures increased slightly to CAD 473 million from CAD 462 million in the second quarter of 2024. The company's liquidity position showed a decrease in cash and cash equivalents, with an increase of CAD 622 million, compared to an increase of CAD 844 million in the previous year. Overall, Imperial Oil Ltd. continues to navigate the challenges posed by lower oil prices and is actively managing its operations and financial resources.