FORM 10-K IMPERIAL OIL LIMITED

Item 2. Properties.
Reference is made to Item 1 above, and for the reserves of the Syncrude mining operations and oil and
gas producing activities, reference is made to Item 8 of this report.
Item 3. Legal Proceedings.
Not applicable.
Item 4. Submission of Matters to a Vote of Security Holders.
Not applicable.
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities.
Information for Security Holders Outside Canada
Cash dividends paid to shareholders resident in countries with which Canada has an income tax convention
are usually subject to a Canadian nonresident withholding tax of 15 percent.
The withholding tax is reduced to five percent on dividends paid to a corporation resident in the United
States that owns at least 10 percent of the voting shares of the Company.
The Company is a qualified foreign corporation for purposes of the new reduced U.S. capital gains tax
rates (15 percent and 5 percent for certain individuals) which are applicable to dividends paid by U.S.
domestic corporations and qualified foreign corporations.
There is no Canadian tax on gains from selling shares or debt instruments owned by nonresidents not
carrying on business in Canada.
Quarterly Financial and Stock Trading Data
2004 2003
three months ended
three months ended
Mar. 31 June 30 Sept. 30 Dec. 31 Mar. 31 June 30 Sept. 30 Dec. 31
Per-share information (dollars)
Dividends (declared quarterly)............ 0.22 0.22 0.22 0.22 0.21 0.22 0.22 0.22
Share prices (dollars)
Toronto Stock Exchange
High............................................... 64.45 64.25 66.76 73.65 47.80 47.40 53.49 58.22
Low................................................ 56.42 58.40 59.50 65.28 43.48 43.20 45.62 50.16
Close............................................. 58.87 62.40 65.48 71.15 47.35 47.10 50.80 57.53
American Stock Exchange ($U.S.)
High............................................... 48.70 47.13 52.22 62.45 32.20 34.99 38.79 44.75
Low................................................ 42.34 43.17 45.50 51.43 28.25 29.94 33.04 37.24
Close............................................. 44.84 46.82 51.71 59.37 32.14 34.92 37.21 44.42
The Company’s shares are listed on the Toronto Stock Exchange and are admitted to unlisted trading on
the American Stock Exchange in New York. The symbol on these exchanges for the Company’s common
shares is IMO. Share prices were obtained from stock exchange records.
As of February 28, 2005, there were 14,868 holders of record of common shares of the Company.
During the period October 1, 2004 to December 31, 2004, the Company issued 85,925 common shares for
$46.50 per share as a result of the exercise of stock options by the holders of the stock options, who are all
employees or former employees of the Company, in sales of those common shares outside the U.S.A. which
were not registered under the Securities Act in reliance on Regulation S thereunder.
Issuer purchases of equity securities (1)
Period
October 2004
(October 1 - October 31)
November 2004
(November 1 - November 30)
December 2004
(December 1 - December 31)
(a) Total number
of shares
(or units)
purchased
(b) Average price
paid per share
(or unit)
(c) Total number of
shares purchased as part
of publicly announced
plans or programs
(d) Maximum number
(or approximate dollar value)
or shares that may yet be purchased
under the plans or programs
909,277 $69.34 909,277 12,981,800
2,043,336 $70.61 2,043,336 10,903,650
1,198,579 $70.25 1,198,579 9,670,839
(1) The purchases were pursuant to a 12 month normal course share purchase program that was renewed on June 23,
2004 under which the Company may purchase up to 17,864,398 of its outstanding common shares less any shares
purchased by the employee savings plan and Company pension fund. If not previously terminated, the program will
terminate on June 22, 2005.
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