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Second quarter dividend declaration

Calgary, AB, May 23, 2006
Imperial Oil Limited today declared a quarterly dividend of 8 cents per share on the outstanding common shares of the company (24 cents per share on a pre share split basis), payable on July 1, 2006, to shareholders of record at the close of business on June 6, 2006.

This second quarter dividend compares with the first quarter dividend of 8 cents per share (24 cents per share on a pre share split basis).

Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the petroleum industry. The company has paid dividends every year for over a century and has increased its annual dividend payment for twelve consecutive years.



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