Imperial Oil Limited's Stock Analysis

Imperial Oil Announces Restructuring for Cost Savings and Efficiency

Imperial Oil Limited has announced a restructuring plan aimed at enhancing its cash flow and shareholder returns by centralizing corporate and technical activities in global business and technology centres. This initiative is expected to yield annual expense savings of $150 million by 2028, while maintaining the company's production and cost targets for its Kearl and Cold Lake operations. The restructuring will involve a reduction of approximately 20% in employee roles by the end of 2027, leading to a one-time restructuring charge of about $330 million before tax in the third quarter of 2025.

The restructuring is aligned with Imperial's strategy to leverage technology and its relationship with ExxonMobil to improve operational efficiency and productivity. By consolidating activities and enhancing collaboration at operating sites, Imperial aims to drive long-term revenue growth and financial resilience. The company remains committed to maintaining high safety and operational standards throughout this transition, ensuring responsible energy production and support for the communities in which it operates.

Sep 29, 2025 21:00:19

Imperial Oil Appoints New Director and Leadership Transition Announced

Imperial Oil Limited has appointed Tanya Bryja to its board of directors, effective September 16, 2025. Ms. Bryja is currently the Senior Vice President of Energy Products at ExxonMobil, bringing over 27 years of experience in the energy sector. Her extensive background includes various roles within ExxonMobil's downstream and corporate organizations in the U.S. and Belgium.

Additionally, David Cornhill, the current Lead Director, will retire from the board at the 2026 annual meeting, with Miranda Hubbs selected to succeed him as Lead Director starting October 1, 2025. Cornhill will continue to serve as an independent director until the meeting. Imperial Oil remains a significant player in Canada's energy sector, focusing on responsible development and high operational standards.

Sep 17, 2025 08:02:40

Imperial Oil Reports Second Quarter 2025 Financial Results

Imperial Oil Limited reported a net income of $949 million for the second quarter of 2025, down from $1,288 million in the previous quarter. The company's cash flows from operating activities were $1,465 million, compared to $1,527 million in the first quarter. Upstream production averaged 427,000 gross oil-equivalent barrels per day, marking the highest second quarter production in over 30 years, driven by record production at the Kearl facility. The company also completed the construction of Canada's largest renewable diesel facility at the Strathcona refinery and renewed its share repurchase program to buy back up to five percent of its outstanding shares.

In terms of shareholder returns, Imperial distributed $367 million through dividends in the second quarter and declared a quarterly dividend of 72 cents per share. The company plans to accelerate its share repurchases under the normal course issuer bid program, aiming to complete the purchases by year-end. Despite a decrease in net income compared to the previous quarter, Imperial's operational performance, particularly in upstream production and the successful execution of planned turnaround work, positions it for future growth.

Aug 01, 2025 08:12:15

Imperial Oil Declares Third Quarter 2025 Dividend Payment

Imperial Oil Limited has declared a quarterly dividend of 72 cents per share, payable on October 1, 2025, to shareholders of record by September 4, 2025. This dividend remains unchanged from the previous quarter's payment. The company has a long-standing history of paying dividends annually for over 100 years and has consistently increased its annual dividend for 30 years.

As a leading player in the petroleum industry, Imperial Oil is recognized as Canada’s largest petroleum refiner and a significant producer of crude oil and petrochemicals. The company emphasizes its commitment to high standards in developing Canada’s energy resources responsibly while maintaining a stable financial position.

Aug 01, 2025 08:09:49

Imperial Oil Announces Second Quarter Earnings Call Details

Imperial Oil Limited will host its 2025 Second Quarter Earnings Call on August 1, following the release of its earnings report earlier that day. The call will feature remarks from CEO John Whelan and will be accessible via a live webcast starting at 9 a.m. MT. Investors can register for the webcast through the company's website, and the recording will be available for one year.

In case of any technical issues with the earnings press release filing, investors are advised to check Imperial's website or Canada’s SEDAR+ system for updates. Imperial Oil is recognized as Canada’s largest petroleum refiner and a major crude oil producer, emphasizing its commitment to technology and innovation in energy resource development.

Jul 17, 2025 16:37:57

Imperial Oil Announces Share Buyback Program for 2025-2026

Imperial Oil Limited has received approval from the Toronto Stock Exchange for a normal course issuer bid (NCIB) to repurchase up to 25,452,248 shares, representing five percent of its outstanding common shares. This program will commence on June 29, 2025, and will last for one year, or until the maximum number of shares is purchased. The company has set up an automatic share purchase plan to facilitate these transactions, which can occur even during regulatory restrictions or black-out periods.

The NCIB aims to return cash to shareholders and mitigate share dilution related to the company’s restricted stock unit plan. ExxonMobil, which holds a majority stake in Imperial, plans to participate in the buyback to maintain its ownership level at approximately 69.6 percent. In the previous buyback program, Imperial repurchased the maximum number of shares allowed, totaling about $2.68 billion. All purchases will be conducted through the Toronto Stock Exchange and subsequent shares bought will be canceled.

Jun 23, 2025 08:00:50

Imperial Oil Elects Seven Directors at Annual Shareholder Meeting

Imperial Oil Limited held its annual meeting of shareholders on May 8, 2025, where all seven nominees proposed as directors were elected. A total of 474,218,780 shares, accounting for 93.16 percent of outstanding common shares, were represented during the voting process. The results for each nominee included significant support, with David Cornhill receiving 458,688,249 votes in favor and 11,623,865 against, while Sharon Driscoll garnered 460,709,337 votes for and 9,602,197 against, among others.

The company, noted for being Canada's largest petroleum refiner and a significant producer of crude oil, continues to focus on applying technology and innovation in its operations. Imperial Oil emphasizes its commitment to maintaining high standards in all areas of its business, which may influence investor confidence and stock performance.

May 08, 2025 17:15:59

Imperial Reports 2024 Financial Highlights and Shareholder Returns

Imperial's 2024 financial results indicate a net income of $4.8 billion and cash generated from operations amounting to $6.0 billion. The company reported a free cash flow of $4.2 billion, underlining its operational efficiency and strong financial performance. The annual total shareholder return was reported at 20%, with $1.2 billion paid in dividends and $2.7 billion in share buybacks, demonstrating a commitment to returning cash to shareholders.

The company also highlighted its ongoing focus on capital allocation, emphasizing a reliable and growing dividend along with a significant reduction in outstanding shares since 2018. Imperial's strategic initiatives include maintaining low sustaining capital requirements and pursuing high-return investments in core assets, while also progressing on sustainability projects such as the Strathcona renewable diesel facility. The company continues to prioritize operational excellence and shareholder value amid evolving market conditions.

May 08, 2025 14:20:08

Imperial Oil Reports Q1 2025 Financial Results and Dividend

Imperial Oil announced a net income of $1,288 million for the first quarter of 2025, an increase from $1,195 million in the same quarter of the previous year. The company's cash flows from operating activities amounted to $1,527 million, with cash flows excluding working capital at $1,760 million. Upstream production averaged 418,000 gross oil-equivalent barrels per day, while refinery capacity utilization stood at 91 percent. The company declared a second-quarter dividend of 72 cents per share and plans to renew its normal course issuer bid in June 2025.

The report highlighted a decrease in capital and exploration expenditures to $398 million compared to $496 million in Q1 2024. Production at Kearl averaged 256,000 barrels per day, down from 277,000 barrels in the previous year, primarily due to extreme weather and unplanned downtime. Conversely, Cold Lake production increased to 154,000 barrels per day. The company also noted ongoing construction of Canada’s largest renewable diesel facility, projected to start operations in mid-2025. Imperial's share of Syncrude production remained consistent at 73,000 barrels per day.

May 02, 2025 08:00:52

Imperial Oil Declares Second Quarter 2025 Dividend Payment

Imperial Oil Limited has declared a quarterly dividend of 72 cents per share on its common shares, which will be paid on July 1, 2025, to shareholders on record as of June 4, 2025. This dividend remains unchanged from the first quarter of 2025, reflecting the company's consistent dividend policy.

Imperial Oil has a long history of paying dividends, having done so every year for over a century and increasing its annual dividend for 30 consecutive years. The company is recognized as a leader in Canada's petroleum industry, focusing on technology and innovation to develop energy resources responsibly.

May 02, 2025 07:59:17