• Imperial Oil average return on tangible equity for 2023 was 26.65, a 0.11% decline from 2022.
• Imperial Oil average return on tangible equity for 2022 was 26.62, a 1315.96% increase from 2021.
• Imperial Oil average return on tangible equity for 2021 was 1.88, a 350.67% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.