• Imperial Oil average price to free cash flow ratio for 2023 was 12.65, a 140.49% increase from 2022.
• Imperial Oil average price to free cash flow ratio for 2022 was 5.26, a 59.54% increase from 2021.
• Imperial Oil average price to free cash flow ratio for 2021 was 13, a 96.45% decline from 2020.

Price to free cash flow ratio can be defined as