Imperial Oil Stock Price, News & Analysis

Imperial (NYSE:XOM) reported Q2 2025 net income of $949 million, down from $1,133 million in Q2 2024. Cash flows from operating activities were $1,465 million, with upstream production reaching 427,000 gross oil-equivalent barrels per day, marking the highest second quarter production in over 30 years.

Key operational highlights include Kearl's record second quarter production of 275,000 total gross oil-equivalent barrels per day and the completion of Canada's largest renewable diesel facility at the Strathcona refinery. The company announced plans to accelerate its share repurchase program to complete the buyback of up to five percent of outstanding shares before year-end, while maintaining a quarterly dividend of $0.72 per share.

Refinery throughput averaged 376,000 barrels per day with 87% capacity utilization, while petroleum product sales increased to 480,000 barrels per day, supported by the Trans Mountain pipeline expansion.

Imperial Oil (NYSE American: IMO) has announced its upcoming 2025 Second Quarter Earnings Call, scheduled for Friday, August 1. The call will be hosted by Chairman, President and CEO John Whelan along with VP of Investor Relations Peter Shaw.

The event will commence at 9 a.m. MT following the morning's earnings release. A live webcast will be available, with Mr. Whelan providing opening remarks before taking questions from covering analysts. The webcast recording will remain accessible for one year on Imperial's website.

Imperial Oil has received TSX approval for a new normal course issuer bid (NCIB) to repurchase up to 5% of its outstanding common shares, or approximately 25.4 million shares, over the next 12 months starting June 29, 2025. The company will purchase shares through the TSX and alternative trading systems in Canada, with a daily purchase limit of 217,077 shares. ExxonMobil, which owns 69.6% of Imperial, will participate to maintain its ownership percentage. This follows the completion of Imperial's previous NCIB program in December 2024, where the company purchased the maximum 26.8 million shares at an average cost of $100.06 per share, totaling about $2.68 billion.

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) held its annual meeting of shareholders on May 8, 2025, where all seven nominated directors were successfully elected. The meeting saw strong shareholder participation with 474,218,780 shares represented (93.16% of outstanding common shares) either in person or by proxy.

The elected directors include D.W. Cornhill, S.R. Driscoll, J.N. Floren, G.J. Goldberg, N.A. Hansen, M.C. Hubbs, and J.R. Whelan. John Whelan received the highest approval with 467,228,982 votes in favor, while Neil Hansen received the most votes against with 39,213,866 shareholders opposing his election.

Imperial Oil (TSE: IMO, NYSE American: IMO) has declared a quarterly dividend of 72 cents per share for the second quarter of 2025, maintaining the same level as the first quarter. The dividend will be payable on July 1, 2025, to shareholders of record as of June 4, 2025.

As Canada's largest petroleum refiner, Imperial has an impressive track record of paying dividends for over 100 years and has increased its annual dividend payment for 30 consecutive years. The company maintains its position as a leading crude oil producer, petrochemical manufacturer, and coast-to-coast fuels marketer in Canada.

Imperial reported strong Q1 2025 financial results with net income of $1,288 million ($2.52 per share), up from $1,195 million in Q1 2024. Cash flows from operating activities were $1,527 million. The company's upstream production averaged 418,000 gross oil-equivalent barrels per day, with Kearl production at 256,000 barrels per day and Cold Lake at 154,000 barrels per day. Downstream operations achieved 91% refinery utilization with throughput of 397,000 barrels per day. Imperial returned $307 million to shareholders through dividends and declared a Q2 dividend of $0.72 per share. The company announced a leadership transition, with John Whelan set to succeed Brad Corson as chairman and CEO on May 8, 2025. Construction of Canada's largest renewable diesel facility at Strathcona refinery remains on track for mid-2025 startup.

Imperial Oil (TSE: IMO, NYSE American: IMO) has announced it will host its 2025 First Quarter Earnings Call on Friday, May 2, following the morning's earnings release. The event will begin at 9 a.m. MT and will be accessible via webcast.

Chairman and CEO Brad Corson, along with President John Whelan and VP of Investor Relations Peter Shaw, will lead the call. Corson will provide opening remarks before taking questions from covering analysts. The webcast recording will remain available for one year on Imperial's website.

Alternative access to the earnings information will be available through Imperial's website and Canada's SEDAR+ system if technical difficulties arise with the EDGAR filing system.

Imperial Oil (TSE: IMO, NYSE American: IMO) has announced its upcoming 2025 Investor Day, scheduled for Thursday, April 17, 2025, starting at 9 a.m. EST. The event will be hosted by key executives including Brad Corson (chairman and CEO), John Whelan (president), and Peter Shaw (vice-president, investor relations).

The presentation will feature updates on company operations and business strategy, followed by a Q&A session. The event will be accessible via webcast, with the recording remaining available for one year on Imperial's website. Imperial maintains its position as Canada's largest petroleum refiner and a major crude oil producer, with significant operations in petrochemicals and coast-to-coast fuel marketing.

E3 Lithium (TSXV: ETL, OTCQX: EEMMF) has finalized rights and agreements with Imperial Oil for freehold mineral tenure for its Clearwater Project. The Project Completion Agreement dated February 28, 2025, provides E3 with a mineral lease covering 110 sections of Imperial's freehold interest.

The lease features a 10-year primary term with a renewable 10-year term. The agreement includes the cancellation of 3,413,979 warrants granted to Imperial at C$1.86 per warrant, with E3 paying C$4,150,000 in three installments over 2025's first three quarters.

Following E3's successful pilot operations in 2023, the company plans a demonstration program for 2025. This agreement strengthens E3's position in developing lithium production in Alberta and advancing the Clearwater Project, which aims to establish Alberta as a key player in the global lithium supply chain.