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 a leading integrated Canadian energy company with operations spanning upstream exploration, petroleum refining, and fuels marketing. This news hub provides investors and industry professionals with timely updates on material developments across all business segments.
Access authoritative coverage of earnings announcements, strategic partnerships, operational milestones, and sustainability initiatives. Our curated news collection enables efficient tracking of IMO's market position and management decisions within the evolving energy sector.
Key focus areas include refinery optimization projects, production capacity updates, technological innovations in resource extraction, and regulatory developments affecting Canadian petroleum markets. Content is verified for accuracy and relevance to investor decision-making processes.
Bookmark this page for consolidated access to essential IMO updates, including analysis of quarterly financial performance and competitive positioning within North America's integrated energy landscape.
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 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.
Imperial Oil has announced key leadership changes, with current Chairman, President, and CEO Brad Corson set to retire after 42 years of service. The board has appointed John Whelan as president effective April 1, 2025, who will then assume the role of chairman, president and CEO following the annual shareholders meeting on May 8, 2025.
Under Corson's five-year leadership, Imperial achieved record upstream production, exceptional downstream performance, and delivered significant shareholder value through share price appreciation and cash returns. The company advanced strategic initiatives including growth projects at Kearl and Cold Lake, the Strathcona renewable diesel facility, and the Low Carbon Solutions business.
Whelan, currently ExxonMobil Upstream's senior vice president, brings extensive experience from various technical, operations, and management positions across global markets. He previously served as Imperial's vice president of Upstream production and senior vice president, Upstream, leading the organization through record growth periods.
Imperial Oil (TSE: IMO, NYSE American: IMO) has announced a quarterly dividend of 72 cents per share for the first quarter of 2025, representing a 20% increase from the previous quarter's dividend of 60 cents per share. The dividend will be payable on April 1, 2025, to shareholders of record as of March 5, 2025.
The company highlighted its track record of financial stability and growth in Canada's petroleum industry, noting that it has maintained dividend payments for over a century and has increased its annual dividend for 30 consecutive years. Imperial Oil maintains its position as Canada's largest petroleum refiner and a major crude oil producer and petrochemical manufacturer.
Imperial reported Q4 2024 net income of $1,225 million ($2.37 per share), down from $1,365 million in Q4 2023. Cash flows from operating activities reached $1,789 million. The company achieved record-breaking performance with:
- Highest quarterly upstream production in over 30 years at 460,000 barrels per day
- Kearl's highest-ever full year production of 281,000 barrels per day
- Strong refinery utilization at 95% for Q4
The company returned nearly $1.8 billion to shareholders through dividends and share buybacks in Q4, including a 20% dividend increase from 60 to 72 cents per share. Cold Lake production averaged 157,000 barrels per day, supported by Grand Rapids performance. Construction continues on Canada's largest renewable diesel facility at Strathcona refinery, targeting mid-2025 startup.
Imperial Oil (TSE: IMO, NYSE American: IMO) has announced its upcoming 2024 Fourth Quarter Earnings Call, scheduled for Friday, January 31. The event will begin at 9 a.m. MT, following the company's fourth quarter earnings release that morning.
Chairman, President and CEO Brad Corson, along with Vice-President of Investor Relations Peter Shaw, will host the call. The presentation will include brief remarks from Mr. Corson, followed by a Q&A session with Imperial's covering analysts.
The event will be accessible via webcast and will remain available for one year on Imperial's website. In case of technical difficulties with the EDGAR system, investors are advised to check Imperial's website or Canada's SEDAR+ system for the earnings information.
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