Welcome to our dedicated page for Imperial Oil news (Ticker: IMO), a resource for investors and traders seeking the latest updates and insights on Imperial Oil stock.
Imperial Oil Limited (IMO) is one of Canada's largest integrated oil companies, renowned for its comprehensive involvement in all phases of the petroleum industry. Established over a century ago, Imperial Oil has consistently been at the forefront of technological innovation and responsible energy resource development in Canada.
Core Business: The company operates through three main segments:
- Upstream: Focused on the exploration, production, and sale of crude oil and natural gas.
- Downstream: Engages in refining crude oil into petroleum products and the distribution and marketing of these products. This segment contributes the most to the company's revenue.
- Chemical: Specializes in the production of various petrochemicals, playing a key role in industrial applications.
Recent Achievements and Projects: Imperial Oil has made significant strides in lower-emission business opportunities, including carbon capture and storage, hydrogen production, and the development of lower-emission fuels. These initiatives underscore the company's commitment to environmentally responsible practices.
Financial Condition: Imperial Oil’s robust financial health is reflected in its consistent revenue generation, primarily driven by its downstream operations. This stability allows the company to invest in cutting-edge technologies and sustainable energy solutions.
Partnerships and Relationships: Imperial Oil leverages strategic partnerships to enhance its operational efficiency and market reach. Its collaborations span across various sectors, enhancing its ability to innovate and deliver high-quality products.
Workforce and Professional Development: The company values its employees as fundamental to its success. It offers extensive professional development opportunities tailored to individual career paths, ensuring a fulfilling and challenging career within the organization.
Stay updated with the latest news and developments from Imperial Oil through their official Twitter and YouTube channels.
Rhea-AI Summary
Imperial Oil , listed on TSE: IMO and NYSE American, will host a 2024 First Quarter Earnings Call on April 26. The event will feature Brad Corson, CEO, and Peter Shaw, VP of Investor Relations, offering insights on the company's performance.
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Imperial Oil Limited (IMO) has declared a quarterly dividend of 60 cents per share, payable on April 1, 2024, to shareholders of record at the close of business on March 4, 2024. The company has a long history of growth and financial stability, paying dividends for over a century and increasing its annual dividend payment for 29 consecutive years. Imperial is a leader in applying technology and innovation to responsibly develop Canada’s energy resources, serving as Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer, and a leading fuels marketer.
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Imperial (TSE: IMO) (NYSE American: IMO) reported a quarterly net income of $1,365 million with cash flow from operating activities of $1,311 million. The company returned over $2.7 billion to shareholders, including a 20% increase in the quarterly dividend. Upstream production reached 452,000 gross oil-equivalent barrels per day, while downstream operating performance was strong with refinery capacity utilization of 94%. The company also released its annual corporate Sustainability report, outlining its sustainability focus areas and progress.
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Imperial Oil Limited (IMO) will host a 2023 Fourth Quarter Earnings Call on Friday, February 2, following the company’s fourth quarter earnings release. The event begins at 9 a.m. MT and will be accessible by webcast. The webcast will be available for one year on the company’s website. Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources.
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Imperial (IMO) provides 2024 corporate guidance outlook, focusing on maximizing existing assets, reducing emissions, and delivering industry-leading returns to shareholders. The company plans to profitably grow volumes at Kearl, produce from the industry's first solvent-assisted SAGD project with Cold Lake Grand Rapids, and advance construction on Canada's largest renewable diesel facility at Strathcona refinery. Capital spending is forecast at $1.7 billion with production expected to be between 420,000 and 442,000 gross oil equivalent barrels per day in the Upstream and between 385,000 and 400,000 barrels per day in the Downstream.
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Imperial Oil Limited (IMO) has successfully purchased and canceled 19,108,280 common shares at a price of $78.50 per share, representing an aggregate purchase of $1.5 billion. This represents 3.4% of the total number of issued and outstanding shares. The offer was oversubscribed, with approximately 20% of tendered shares taken up by the company. ExxonMobil, Imperial's majority shareholder, made a proportionate tender to maintain its ownership at approximately 69.6%. The company has accepted the tendered shares and made payment through the depositary.
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Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced a substantial issuer bid to purchase for cancellation up to $1.5 billion of its common shares. The Offer had a tender price range from $78.50 to $94.00 per Share and was oversubscribed, resulting in the purchase of approximately $1.5 billion and 3.4 percent of the total number of issued shares. Exxon Mobil Corporation, Imperial’s majority shareholder, made a proportionate tender under the Offer and will maintain its proportionate Share ownership at approximately 69.6 percent following completion of the Offer.
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Imperial Oil Limited has announced a substantial issuer bid to purchase up to $1.5 billion of its common shares. The offer will proceed through a modified Dutch auction with a tender price range of $78.50 to $94.00 per share. The offer is expected to commence on November 3, 2023, and remain open until December 8, 2023. Exxon Mobil Corporation, Imperial's majority shareholder, will make a proportionate tender to maintain its ownership at approximately 69.6%.
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Imperial Oil Limited has announced a substantial issuer bid to purchase up to $1.5 billion of its common shares. The offer will commence in the next two weeks and be completed before the end of December 2023. ExxonMobil intends to make a proportionate tender to maintain its ownership at approximately 69.6 percent.
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Imperial Oil Limited declares a quarterly dividend of 50 cents per share, payable on January 1, 2024. The company has a long history of growth and financial stability, paying dividends for over a century and increasing its annual dividend payment for 29 consecutive years.
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FAQ
What is the current stock price of Imperial Oil (IMO)?
The current stock price of Imperial Oil (IMO) is $69.75 as of February 21, 2025.
What is the market cap of Imperial Oil (IMO)?
The market cap of Imperial Oil (IMO) is approximately 37.2B.
What are the main business segments of Imperial Oil Limited?
Imperial Oil operates through three main segments: Upstream, Downstream, and Chemical.
What is the focus of Imperial Oil's upstream segment?
The upstream segment focuses on the exploration, production, and sale of crude oil and natural gas.
How does the downstream segment contribute to Imperial Oil's revenue?
The downstream segment refines crude oil into petroleum products and handles the distribution and marketing of these products, making it the largest revenue generator.
What recent initiatives has Imperial Oil undertaken for lower emissions?
Imperial Oil is pursuing lower-emission opportunities such as carbon capture and storage, hydrogen production, and the development of lower-emission fuels.
How does Imperial Oil support employee development?
Imperial Oil offers extensive professional development opportunities tailored to each individual's career path and stage.
What role does the chemical segment play in Imperial Oil's operations?
The chemical segment specializes in producing various petrochemicals used in industrial applications.
How can I stay updated with the latest news from Imperial Oil?
You can follow Imperial Oil on Twitter and YouTube for the latest updates and news.
What is Imperial Oil's approach to innovation?
Imperial Oil leverages technology and innovation to responsibly develop Canada's energy resources, focusing on sustainable and lower-emission solutions.
How old is Imperial Oil Limited?
Imperial Oil was established over a century ago and continues to be a leader in Canada's energy sector.
What partnerships does Imperial Oil have?
Imperial Oil engages in strategic partnerships across various sectors to enhance operational efficiency and market reach.
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