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Imperial Oil Ltd (IMO.TO)

IMO.TO on Toronto Stock Exchange

32.46CAD
22 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Imperial Oil eyeing Alberta gov't crude by rail contracts - CEO
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Imperial Oil Ltd executives, speaking on a conference call::IMPERIAL OIL CEO SAYS NEW ALBERTA GOV'T MAKING 'PRO-BUSINESS CHANGES' WITH REPEAL OF CARBON TAX, CUT IN CORPORATE INCOME TAX.IMPERIAL OIL CEO SAYS REDUCTION IN ALBERTA OIL INVENTORIES HAVE RESTORED FLEXIBILITY TO THE SYSTEM.IMPERIAL OIL CEO SAYS ALBERTA GOV'T CAN AND SHOULD FURTHER REDUCE OIL CURTAILMENT LEVELS WITH INVENTORY REDUCTION.IMPERIAL OIL WILL RAMP DOWN CRUDE BY RAIL VOLUMES IN AUGUST AND SEPTEMBER BECAUSE ECONOMICS DON'T WORK - CEO.IMPERIAL OIL IS REVIEWING POSSIBILITY OF TAKING ON ALBERTA GOV'T CRUDE BY RAIL CONTRACTS - CEO.  Full Article

Imperial Announces Second Quarter 2019 Earnings Per Share Of C$1.57
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Imperial Oil Ltd ::IMPERIAL ANNOUNCES SECOND QUARTER 2019 FINANCIAL AND OPERATING RESULTS.Q2 EARNINGS PER SHARE C$1.57.HIGHEST Q2 PRODUCTION IN OVER 25 YEARS.QTRLY OVERALL UPSTREAM GROSS OIL-EQUIVALENT PRODUCTION AVERAGED 400,000 BPD, UP FROM 336,000 BPD.QTRLY PRODUCTION AVERAGED 400,000 GROSS OIL-EQUIVALENT BARRELS PER DAY, UP FROM 336,000 BARRELS PER DAY.ON JUNE 21, IMPERIAL ANNOUNCED RENEWAL OF ITS SHARE PURCHASE PROGRAM.TO BUY APPROXIMATELY 38 MILLION SHARES OVER A 12-MONTH PERIOD ENDING JUNE 26, 2020.QTRLY REFINERY THROUGHPUT AVERAGED 344,000 BPD, COMPARED TO 363,000 BPD.CRUDE-BY-RAIL SHIPMENTS AVERAGED 64,000 BARRELS PER DAY IN Q2, UP FROM 36,000 BARRELS PER DAY IN Q1.QTRLY REVENUES AND OTHER INCOME $9,261 MILLION VERSUS $9,543 MILLION.Q2 EARNINGS PER SHARE VIEW C$0.79, REVENUE VIEW C$9.01 BILLION -- REFINITIV IBES DATA.IMPERIAL OIL- UPSTREAM NET INCOME WAS $985 MILLION IN Q2, REFLECTING FAVOURABLE IMPACT ASSOCIATED WITH DECREASED ALBERTA CORPORATE INCOME TAX RATE OF $689 MILLION.QTRLY GROSS PRODUCTION OF KEARL BITUMEN AVERAGED 207,000 BPD, UP FROM 180,000 BPD.QTRLY GROSS PRODUCTION OF COLD LAKE BITUMEN AVERAGED 135,000 BPD, UP FROM 133,000 BPD.QTRLY SHARE OF GROSS PRODUCTION FROM SYNCRUDE AVERAGED 80,000 BPD, UP FROM 50,000 BPD.REMAINS ON TRACK TO DELIVER ON OUR COMMITMENTS FOR 2019.  Full Article

Imperial Oil Says Received Final Acceptance From Toronto Stock Exchange For A Normal Course Issuer Bid
Friday, 21 Jun 2019 

June 21 (Reuters) - Imperial Oil Ltd ::IMPERIAL OIL LTD - RECEIVED FINAL ACCEPTANCE FROM TORONTO STOCK EXCHANGE (TSX) FOR A NORMAL COURSE ISSUER BID.IMPERIAL OIL LTD - NEW ONE YEAR PROGRAM WILL BEGIN ON JUNE 27, 2019.IMPERIAL OIL LTD - EXXONMOBIL ADVISED IMPERIAL THAT IT INTENDS TO PARTICIPATE IN NCIB, AS IT HAS IN PRIOR YEARS.IMPERIAL OIL - EXXONMOBIL PERMITTED TO SELL ITS SHARES TO IMPERIAL OUTSIDE OF, BUT CONCURRENT WITH, NCIB TO MAINTAIN SHARE OWNERSHIP AT ABOUT 69.6%.  Full Article

Imperial Declares Second Quarter 2019 Dividend
Friday, 26 Apr 2019 

April 26 (Reuters) - Imperial Oil Ltd ::IMPERIAL DECLARES SECOND QUARTER 2019 DIVIDEND.IMPERIAL OIL LTD - DECLARED A QUARTERLY DIVIDEND OF 22 CENTS PER SHARE.IMPERIAL OIL LTD - Q2 DIVIDEND OF 22 CENTS PER SHARE COMPARES WITH Q1 DIVIDEND OF 19 CENTS PER SHARE.  Full Article

Imperial Announces First Quarter 2019 Financial And Operating Results
Friday, 26 Apr 2019 

April 26 (Reuters) - Imperial Oil Ltd ::IMPERIAL ANNOUNCES FIRST QUARTER 2019 FINANCIAL AND OPERATING RESULTS.Q1 EARNINGS PER SHARE C$0.38.Q2 DIVIDEND INCREASED BY 16 PERCENT TO 22 CENTS PER SHARE.QTRLY OVERALL UPSTREAM GROSS OIL-EQUIVALENT PRODUCTION AVERAGED 388,000 BARRELS PER DAY, UP FROM 370,000 BARRELS PER DAY.QTRLY PRODUCTION AVERAGED 388,000 GROSS OIL-EQUIVALENT BARRELS PER DAY, UP FROM 370,000 BARRELS PER DAY.REFINERY THROUGHPUT AVERAGED 383,000 BARRELS PER DAY, COMPARED TO 408,000 BARRELS PER DAY IN Q1 OF 2018.AFTER INCREASING CRUDE-BY-RAIL SHIPMENTS TO RECORD LEVELS IN LATE 2018, COMPANY DISCONTINUED SHIPMENTS IN FEBRUARY.PETROLEUM PRODUCT SALES AVERAGED 477,000 BARRELS PER DAY IN Q1, ESSENTIALLY FLAT.DECLARED A Q2 DIVIDEND OF 22 CENTS PER SHARE, AN INCREASE OF 3 CENTS PER SHARE FROM Q1.LATE IN QUARTER, COMPANY RESUMED LIMITED RAIL SHIPMENTS, AND WILL CONTINUE TO EVALUATE FUTURE MOVEMENTS AS ECONOMICALLY JUSTIFIED.IN QUARTER, SHARE OF GROSS PRODUCTION FROM SYNCRUDE AVERAGED 78,000 BARRELS PER DAY, UP FROM 65,000 BARRELS PER DAY.DOWNSTREAM FINANCIAL RESULTS IN QUARTER WERE IMPACTED BY WEAKER INDUSTRY PRODUCT MARGINS AND LOWER REFINERY UTILIZATION.ALBERTA'S MANDATED CURTAILMENT CONTINUES TO IMPACT CRUDE-BY-RAIL ECONOMICS.IMPERIAL OIL - Q1 OPERATIONAL PERFORMANCE WAS IMPACTED BY CHALLENGES IN UPSTREAM & DOWNSTREAM EARLY IN QUARTER, IN PART DUE TO EXTREME COLD WEATHER.  Full Article

Imperial Ramps Down Aspen Oil Sands Project Execution
Friday, 15 Mar 2019 

March 15 (Reuters) - Imperial Oil Ltd ::IMPERIAL RAMPS DOWN ASPEN OIL SANDS PROJECT EXECUTION.IMPERIAL OIL LTD - SLOWED PACE OF DEVELOPMENT OF ITS ASPEN IN SITU OIL SANDS PROJECT GIVEN MARKET UNCERTAINTY.IMPERIAL OIL LTD - SLOWDOWN IN PROJECT EXECUTION WILL LIKELY RESULT IN A DELAY OF AT LEAST ONE YEAR..  Full Article

Imperial Reports Small Fire Put Out at Sarnia, Ontario Site
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Imperial Oil Ltd ::IMPERIAL REPORTS ALL CLEAR AFTER SMALL FIRE IN A PROCESSING UNIT AT SARNIA, ONTARIO SITE; FIRE EXTINGUISHED.RELATED: THE COMPANY ISSUED AN ALERT FOR A FIRE ONSITE AT THE FACILITY nL2N1XG0EJ.  Full Article

Imperial reports third quarter results
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Imperial Oil Ltd ::IMPERIAL EARNS $749 MILLION IN THE THIRD QUARTER OF 2018.Q3 EARNINGS PER SHARE C$0.94.QTRLY REFINERY THROUGHPUT AVERAGED 388,000 BARRELS PER DAY, UP FROM 385,000 BARRELS PER DAY.QTRLY PRODUCTION AVERAGED 393,000 GROSS OIL-EQUIVALENT BARRELS PER DAY, UP FROM 390,000 BARRELS PER DAY.IMPERIAL OIL - QTRLY TOTAL REVENUES AND OTHER INCOME $9,732 MILLION VERSUS $7,158 MILLION.Q3 EARNINGS PER SHARE VIEW C$0.85 -- THOMSON REUTERS I/B/E/S.  Full Article

Suncor Energy has made no offer for MEG Energy - spokeswoman
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Suncor Energy Inc spokeswoman said on Monday::SUNCOR ENERGY SAYS HAS NO OFFER ON TABLE FOR MEG ENERGY BUT LOOKS AT ALL OPPORTUNITIES - SPOKESWOMAN.  Full Article

Imperial Oil Provides Update On Avgas Fuel Quality Issue
Wednesday, 7 Mar 2018 

March 7 (Reuters) - Imperial Oil Ltd ::IMPERIAL PROVIDES UPDATE ON AVGAS FUEL QUALITY ISSUE.IMPERIAL OIL - ‍MADE PROGRESS TOWARDS RESOLVING POTENTIAL FUEL QUALITY ISSUE IN AVIATION GASOLINE SHIPPED FROM STRATHCONA REFINERY SINCE DEC. 28, 2017​.IMPERIAL OIL LTD - ‍INVESTIGATION INTO CAUSE OF AVGAS FUEL QUALITY ISSUE IS PROGRESSING​.  Full Article

UPDATE 1-Alberta's smaller oil producers eye output boost after curbs lifted

WINNIPEG, Manitoba/CALGARY, Alberta, Aug 21 (Reuters) - S mall and mid-sized Alberta oil producers are looking to increase drilling as early as this autumn after the Canadian province exempted a dozen of them from government-mandated oil production cuts, boosting the struggling industry.