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Imperial Oil Limited - IMO STOCK NEWS

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.

News

Imperial announces completion of its $1.5 billion substantial issuer bid

Rhea-AI Summary
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 announces preliminary results of its substantial issuer bid

Rhea-AI Summary
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 announces terms of its substantial issuer bid for up to $1,500,000,000 and receipt of exemptive relief

Rhea-AI Summary
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 announces intention to launch substantial issuer bid for up to $1,500,000,000

Rhea-AI Summary
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 declares fourth quarter 2023 dividend

Rhea-AI Summary
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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Imperial announces third quarter 2023 financial and operating results

Rhea-AI Summary
Imperial reported strong financial results in the third quarter, with a net income of $1,601 million and cash flow from operating activities of $2,359 million. Upstream production averaged 423,000 gross oil-equivalent barrels per day, with record production at Kearl. Downstream operations performed well with refinery capacity utilization of 96%. The company returned over $3.4 billion to shareholders and plans to initiate a substantial issuer bid to return up to $1.5 billion in the fourth quarter. Imperial also released its Advancing Climate Solutions report, highlighting its commitment to reducing greenhouse gas emissions.
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Imperial to hold 2023 Third Quarter Earnings Call

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Imperial Oil to host Q3 earnings call on October 27
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Imperial declares third quarter 2023 dividend

Rhea-AI Summary
Imperial Oil Limited (TSE: IMO, NYSE American: IMO) declares a quarterly dividend of 50 cents per share, payable on October 1, 2023, to shareholders of record at the close of business on September 1, 2023. The company has a long history of growth and financial stability in Canada's petroleum industry, paying dividends for over a century and increasing its annual dividend payment for 28 consecutive years.
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Imperial announces second quarter 2023 financial and operating results

Rhea-AI Summary
Imperial Oil Limited reports quarterly net income of $675 million and cash flow from operating activities of $885 million. Upstream production averaged 363,000 gross oil-equivalent barrels per day. Refinery throughput was 388,000 barrels per day with a capacity utilization of 90%. The company renewed its annual normal course issuer bid to repurchase up to 5% of outstanding common shares. Third quarter dividend declared at 50 cents per share.
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Imperial to hold 2023 Second Quarter Earnings Call

Rhea-AI Summary
Imperial Oil Limited will host a 2023 Second Quarter Earnings Call on July 28. The event will be accessible by webcast and will feature remarks from chairman Brad Corson. The company is a leader in applying technology and innovation to develop Canada's energy resources.
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FAQ

What is the current stock price of Imperial Oil (IMO)?

The current stock price of Imperial Oil (IMO) is $61.73 as of December 20, 2024.

What is the market cap of Imperial Oil (IMO)?

The market cap of Imperial Oil (IMO) is approximately 32.4B.

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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Imperial Oil Limited

NYSE:IMO

IMO Rankings

#372 Ranked by Market Cap
#802 Ranked by Dividends

IMO Stock Data

32.36B
150.43M
72.02%
25.68%
3.14%
Oil & Gas Integrated
Petroleum Refining
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United States of America
CALGARY