Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2020, this segment had 138 million oil-equivalent barrels of proved undeveloped reserves. The Downstream segment is involved in the transportation and refining of crude oil, as well as blending, distribution, and marketing of refined products. It also transports crude oil to refineries by contracted pipelines, common carrier pipelines, and rail; maintains a distribution system to move petroleum products to market by pipeline, tanker, rail, and road transport; and owns and operates fuel terminals, natural gas liquids, and products pipelines in Alberta, Manitoba, and Ontario. In addition, this segment markets and supplies petroleum products to motoring public through approximately 2,400 Esso and Mobil-branded sites. Further, it sells petroleum products, including fuel, asphalt, and lubricants for industrial and transportation customers, independent marketers, and resellers, as well as other refiners serving the agriculture, residential heating, and commercial markets through branded fuel and lubricant resellers. The Chemical segment manufactures and markets various petrochemicals and polyethylene, such as benzene, aromatic, and aliphatic solvents; plasticizer intermediates; and polyethylene resins. The company was incorporation in 1880 and is headquartered in Calgary, Canada. Imperial Oil Limited is a subsidiary of Exxon Mobil Corporation.
IPO Year: 1929
Exchange: AMEX
Website: imperialoil.ca
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/18/2024 | $108.00 | Outperform | Wolfe Research |
| 12/8/2023 | Underweight → Neutral | JP Morgan | |
| 11/8/2023 | Buy → Neutral | Goldman | |
| 7/12/2023 | Buy | UBS | |
| 4/12/2023 | $82.00 → $78.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 3/21/2023 | Sector Perform → Sector Outperform | Scotiabank | |
| 12/5/2022 | Neutral → Underweight | JP Morgan | |
| 10/31/2022 | Market Perform → Outperform | BMO Capital Markets | |
| 8/16/2022 | Buy → Hold | TD Securities | |
| 8/11/2022 | Neutral | Credit Suisse |
Quarterly net income of $675 million and cash flow from operating activities of $885 million Successful completion of planned turnaround activities at Kearl, Syncrude and Strathcona refinery Upstream production of 363,000 gross oil-equivalent barrels per day Refinery throughput of 388,000 barrels per day and capacity utilization of 90% Commenced facility construction on the Strathcona Renewable Diesel project Renewed annual normal course issuer bid (NCIB) to repurchase up to 5% of outstanding common shares, with plans to accelerate completion of the program prior to year end Declared third quarter dividend of 50 cents per share IMPERIAL OIL LIMITED, TSE: IMO, NYSE Amer
Fourth quarter net income of $813 million with cash flow from operating activities of $1,632 million and free cash flow¹ of $1,233 million Highest annual Upstream production in over 30 years, underpinned by record annual Kearl production and continued strong production performance at Cold Lake Continued fuel demand recovery with full-year Downstream refinery capacity utilization of 89 percent Highest full-year Chemical earnings in over 30 years Record shareholder returns of nearly $3 billion in 2021 through dividend payments and share repurchases under the company's normal course issuer bid program Quarterly dividend increased by 26 percent from 27 cents to 34 cents per share A
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 22 cents per share on the outstanding common shares of the company, payable on April 1, 2021, to shareholders of record at the close of business on March 2, 2021. This first quarter 2021 dividend compares with the fourth quarter 2020 dividend of 22 cents per share. 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 26 consecutive years. Source: Imperial After more
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Imperial Oil Limited ((TSE: IMO, NYSE:IMO) announced today the preliminary results of its substantial issuer bid (the "Offer"), pursuant to which Imperial offered to purchase for cancellation up to $1.5 billion of its common shares (the "Shares"). The Offer proceeded by way of a modified Dutch auction, which had a tender price range from $78.50 per Share to $94.00 per Share, and included the option for shareholders to participate via a proportionate tender. The Offer expired at 5:00 p.m. (Calgary time) on December 8, 2023. All amounts are in Canadian dollars. In accordance with the terms and conditions of the Offer and based on the preliminary calculation of Computershare Investor Service
Quarterly net income of $675 million and cash flow from operating activities of $885 million Successful completion of planned turnaround activities at Kearl, Syncrude and Strathcona refinery Upstream production of 363,000 gross oil-equivalent barrels per day Refinery throughput of 388,000 barrels per day and capacity utilization of 90% Commenced facility construction on the Strathcona Renewable Diesel project Renewed annual normal course issuer bid (NCIB) to repurchase up to 5% of outstanding common shares, with plans to accelerate completion of the program prior to year end Declared third quarter dividend of 50 cents per share IMPERIAL OIL LIMITED, TSE: IMO, NYSE Amer
J.R. (Jon) Wetmore appointed Americas Fuels Value Chain Planning & Business Development Manager, Exxon Mobil Corporation, effective May 1, 2023 Imperial ((TSE: IMO, NYSE:IMO) announced today that J.R. (Jon) Wetmore, currently Vice President, Downstream and Chemicals for Imperial will become the Americas Fuels Value Chain Planning & Business Development Manager for Exxon Mobil Corporation, effective May 1, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230316005125/en/Jon Wetmore Vice President, Downstream (Photo: Business Wire) "On behalf of Imperial, I would like to thank Jon Wetmore for his leadership as Vice President
CALGARY, AB and LEHIGH VALLEY, Pa., Sept. 6, 2022 /PRNewswire/ -- Imperial (TSE: IMO) (NYSE:IMO) today announced a long-term contract with Air Products (NYSE:APD) to supply low-carbon hydrogen for Imperial's proposed renewable diesel complex at its Strathcona refinery near Edmonton, Alberta. Air Products will provide pipeline supply from its hydrogen plant under construction in Edmonton. "Our agreement with Air Products is an important milestone as we progress plans to build the largest renewable diesel manufacturing facility in Canada," said Jon Wetmore, Imperial's vice president of downstream. "This project highlights Imperial's commitment to investing in a lower carbon future. We continue
Advances E3 Lithium's Clearwater Project with Imperial funding contributionPilot project progresses commercialization of battery-grade lithium from historic Leduc field for electric vehicles and energy storageImperial to provide technical and development supportCALGARY, AB, June 23, 2022 /CNW/ - Imperial Oil Limited (TSE: IMO) (NYSE:IMO) and E3 Lithium (TSXV:ETMC) (OTCQX:EEMMF) announced today a collaboration to advance a lithium-extraction pilot in Alberta, exploring the redevelopment of an historic oil field into a potential new leading source of lithium for Canada's growing critical minerals industry. The pilot will support E3 Lithium's Clearwater project, which will draw lithium from und
Fourth quarter net income of $813 million with cash flow from operating activities of $1,632 million and free cash flow¹ of $1,233 million Highest annual Upstream production in over 30 years, underpinned by record annual Kearl production and continued strong production performance at Cold Lake Continued fuel demand recovery with full-year Downstream refinery capacity utilization of 89 percent Highest full-year Chemical earnings in over 30 years Record shareholder returns of nearly $3 billion in 2021 through dividend payments and share repurchases under the company's normal course issuer bid program Quarterly dividend increased by 26 percent from 27 cents to 34 cents per share A
Imperial Oil Limited ((TSE: IMO, NYSE:IMO) announced today that it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB) to repurchase up to five percent of its 711,673,439 outstanding common shares as of June 15, 2021, or a maximum of 35,583,671 shares during the next 12 months. This maximum will be reduced by the number of shares purchased from Exxon Mobil Corporation (ExxonMobil), Imperial's majority shareholder, as described below. The new one year program will begin on June 29, 2021, and will end should the company purchase the maximum allowable number of shares, or on June 28, 2022. Imperial has established an automatic share purch
CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy and Suncor Energy formally announced today the Oil Sands Pathways to Net Zero initiative. These companies operate approximately 90% of Canada’s oil sands production. The goal of this unique alliance, working collectively with the federal and Alberta governments, is to achieve net zero greenhouse gas (GHG) emissions from oil sands operations by 2050 to help Canada meet its climate goals, including its Paris Agreement commitments and 2050 net zero aspirations. This collaborative effort follows welcome announcements from the Government of Canada and the G
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 22 cents per share on the outstanding common shares of the company, payable on April 1, 2021, to shareholders of record at the close of business on March 2, 2021. This first quarter 2021 dividend compares with the fourth quarter 2020 dividend of 22 cents per share. 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 26 consecutive years. Source: Imperial After more
CALGARY, Alberta--(BUSINESS WIRE)--(TSE:IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2020 Fourth Quarter Earnings Call on Tuesday, February 2, following the company’s fourth quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering analysts. Please click here [https://edge.media-server.com/mmc/p/95hwd8dj] to register for the live webcast. The webcast will be available for one year on the company’s website at
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Wolfe Research resumed coverage of Imperial Oil with a rating of Outperform and set a new price target of $108.00
JP Morgan upgraded Imperial Oil from Underweight to Neutral
Goldman downgraded Imperial Oil from Buy to Neutral
UBS initiated coverage of Imperial Oil with a rating of Buy
RBC Capital Mkts downgraded Imperial Oil from Outperform to Sector Perform and set a new price target of $78.00 from $82.00 previously
Scotiabank upgraded Imperial Oil from Sector Perform to Sector Outperform
JP Morgan downgraded Imperial Oil from Neutral to Underweight
BMO Capital Markets upgraded Imperial Oil from Market Perform to Outperform
TD Securities downgraded Imperial Oil from Buy to Hold
Credit Suisse resumed coverage of Imperial Oil with a rating of Neutral
Imperial Oil (AMEX:IMO) has outperformed the market over the past 5 years by 7.8% on an annualized basis producing an average annual return of 20.64%. Currently, Imperial Oil has a market capitalization of $37.40 billion. Buying $100 In IMO: If an investor had bought $100 of IMO stock 5 years ago, it would be worth $254.47 today based on a price of $69.80 for IMO at the time of writing. Imperial Oil's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and re
Wolfe Research analyst Doug Leggate reinstates Imperial Oil (AMEX:IMO) with a Outperform.
Scotiabank analyst Jason Bouvier maintains Imperial Oil (AMEX:IMO) with a Sector Outperform and lowers the price target from C$111 to C$110.
Imperial Oil (AMEX:IMO) has outperformed the market over the past 5 years by 6.1% on an annualized basis producing an average annual return of 19.41%. Currently, Imperial Oil has a market capitalization of $36.77 billion. Buying $100 In IMO: If an investor had bought $100 of IMO stock 5 years ago, it would be worth $240.35 today based on a price of $68.62 for IMO at the time of writing. Imperial Oil's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and re
Imperial Oil (AMEX:IMO) has outperformed the market over the past 5 years by 6.84% on an annualized basis producing an average annual return of 19.96%. Currently, Imperial Oil has a market capitalization of $36.84 billion. Buying $1000 In IMO: If an investor had bought $1000 of IMO stock 5 years ago, it would be worth $2,508.21 today based on a price of $68.75 for IMO at the time of writing. Imperial Oil's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine a
Imperial Oil (AMEX:IMO) has outperformed the market over the past 5 years by 6.23% on an annualized basis producing an average annual return of 19.28%. Currently, Imperial Oil has a market capitalization of $35.11 billion. Buying $100 In IMO: If an investor had bought $100 of IMO stock 5 years ago, it would be worth $239.51 today based on a price of $65.52 for IMO at the time of writing. Imperial Oil's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and r
Imperial Oil (AMEX:IMO) has outperformed the market over the past 5 years by 6.9% on an annualized basis producing an average annual return of 20.54%. Currently, Imperial Oil has a market capitalization of $37.15 billion. Buying $100 In IMO: If an investor had bought $100 of IMO stock 5 years ago, it would be worth $253.53 today based on a price of $69.34 for IMO at the time of writing. Imperial Oil's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and re
Imperial Oil (AMEX:IMO) has outperformed the market over the past 5 years by 6.97% on an annualized basis producing an average annual return of 19.96%. Currently, Imperial Oil has a market capitalization of $36.90 billion. Buying $100 In IMO: If an investor had bought $100 of IMO stock 5 years ago, it would be worth $242.84 today based on a price of $68.87 for IMO at the time of writing. Imperial Oil's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and r
RBC Capital analyst Greg Pardy maintains Imperial Oil (TSX:IMO) with a Sector Perform and raises the price target from C$100 to C$105.
Imperial Oil Limited (NYSE:IMO) reported first-quarter FY24 EPS of C$2.23, higher than C$2.13 a year ago. Net income declined to C$1.20 billion from C$1.25 billion a year ago, reflecting an expected seasonal decrease in Upstream production volume. Total revenue and other income stood at C$12.3 billion vs. C$12.1 billion a year ago. Upstream production averaged 421,000 gross oil-equivalent barrels per day, up from 413,000 gross oil-equivalent barrels per day a year ago. At Kearl asset, quarterly total gross production averaged 277,000 barrels per day (196,000 barrels Imperial’s share, the highest ever first-quarter production in the asset’s history), Downstream throughput averaged