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Imperial Oil Ltd. - IMO STOCK NEWS

Welcome to our dedicated news page for Imperial Oil Ltd. (Ticker: IMO), a resource for investors and traders seeking the latest updates and insights on Imperial Oil Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Imperial Oil Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Imperial Oil Ltd.'s position in the market.

News
Imperial to hold 2024 First Quarter Earnings Call
Rhea-AI Summary
Imperial Oil , listed on TSE: IMO and NYSE American, will host a 2024 First Quarter Earnings Call on April 26. The event will feature Brad Corson, CEO, and Peter Shaw, VP of Investor Relations, offering insights on the company's performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
Tags
earnings
-
News
Imperial declares first quarter 2024 dividend
Rhea-AI Summary
Imperial Oil Limited (IMO) has declared a quarterly dividend of 60 cents per share, payable on April 1, 2024, to shareholders of record at the close of business on March 4, 2024. The company has a long history of growth and financial stability, paying dividends for over a century and increasing its annual dividend payment for 29 consecutive years. Imperial is a leader in applying technology and innovation to responsibly develop Canada’s energy resources, serving as Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer, and a leading fuels marketer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
dividends earnings
-
News
Imperial announces fourth quarter 2023 financial and operating results
Rhea-AI Summary
Imperial (TSE: IMO) (NYSE American: IMO) reported a quarterly net income of $1,365 million with cash flow from operating activities of $1,311 million. The company returned over $2.7 billion to shareholders, including a 20% increase in the quarterly dividend. Upstream production reached 452,000 gross oil-equivalent barrels per day, while downstream operating performance was strong with refinery capacity utilization of 94%. The company also released its annual corporate Sustainability report, outlining its sustainability focus areas and progress.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
earnings
News
Imperial to hold 2023 Fourth Quarter Earnings Call
Rhea-AI Summary
Imperial Oil Limited (IMO) will host a 2023 Fourth Quarter Earnings Call on Friday, February 2, following the company’s fourth quarter earnings release. The event begins at 9 a.m. MT and will be accessible by webcast. The webcast will be available for one year on the company’s website. Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
earnings
-
News
Imperial provides 2024 corporate guidance outlook
Rhea-AI Summary
Imperial (IMO) provides 2024 corporate guidance outlook, focusing on maximizing existing assets, reducing emissions, and delivering industry-leading returns to shareholders. The company plans to profitably grow volumes at Kearl, produce from the industry's first solvent-assisted SAGD project with Cold Lake Grand Rapids, and advance construction on Canada's largest renewable diesel facility at Strathcona refinery. Capital spending is forecast at $1.7 billion with production expected to be between 420,000 and 442,000 gross oil equivalent barrels per day in the Upstream and between 385,000 and 400,000 barrels per day in the Downstream.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
Tags
none
-
News
Imperial announces completion of its $1.5 billion substantial issuer bid
Rhea-AI Summary
Imperial Oil Limited (IMO) has successfully purchased and canceled 19,108,280 common shares at a price of $78.50 per share, representing an aggregate purchase of $1.5 billion. This represents 3.4% of the total number of issued and outstanding shares. The offer was oversubscribed, with approximately 20% of tendered shares taken up by the company. ExxonMobil, Imperial's majority shareholder, made a proportionate tender to maintain its ownership at approximately 69.6%. The company has accepted the tendered shares and made payment through the depositary.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.36%
Tags
none
News
Imperial announces preliminary results of its substantial issuer bid
Rhea-AI Summary
Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced a substantial issuer bid to purchase for cancellation up to $1.5 billion of its common shares. The Offer had a tender price range from $78.50 to $94.00 per Share and was oversubscribed, resulting in the purchase of approximately $1.5 billion and 3.4 percent of the total number of issued shares. Exxon Mobil Corporation, Imperial’s majority shareholder, made a proportionate tender under the Offer and will maintain its proportionate Share ownership at approximately 69.6 percent following completion of the Offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.81%
Tags
none
-
News
Imperial announces terms of its substantial issuer bid for up to $1,500,000,000 and receipt of exemptive relief
Rhea-AI Summary
Imperial Oil Limited has announced a substantial issuer bid to purchase up to $1.5 billion of its common shares. The offer will proceed through a modified Dutch auction with a tender price range of $78.50 to $94.00 per share. The offer is expected to commence on November 3, 2023, and remain open until December 8, 2023. Exxon Mobil Corporation, Imperial's majority shareholder, will make a proportionate tender to maintain its ownership at approximately 69.6%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.37%
Tags
none
-
News
Imperial announces intention to launch substantial issuer bid for up to $1,500,000,000
Rhea-AI Summary
Imperial Oil Limited has announced a substantial issuer bid to purchase up to $1.5 billion of its common shares. The offer will commence in the next two weeks and be completed before the end of December 2023. ExxonMobil intends to make a proportionate tender to maintain its ownership at approximately 69.6 percent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
Tags
none
News
Imperial declares fourth quarter 2023 dividend
Rhea-AI Summary
Imperial Oil Limited declares a quarterly dividend of 50 cents per share, payable on January 1, 2024. The company has a long history of growth and financial stability, paying dividends for over a century and increasing its annual dividend payment for 29 consecutive years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
Tags
dividends earnings
Stock IMO logo
Imperial Oil Ltd.

NYSE:IMO

IMO Rankings

#329 Ranked by Market Cap
#1623 Ranked by Stock Gains
#1010 Ranked by Dividends

IMO Stock Data

37.72B
162.74M
69.6%
26.43%
3.23%
Petroleum Refineries
Manufacturing
Link
Canada
Calgary

About IMO

after more than a century, imperial continues to be an industry leader in applying technology and innovation to responsibly develop canada’s energy resources. as the country’s largest petroleum refiner, a major producer of crude oil and natural gas, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business. our people are fundamental to our success. as an integrated company, we are able to offer exciting opportunities throughout all aspects of the value chain: upstream, downstream, petrochemicals, fuels marketing and research. we encourage and facilitate professional development tailored to each career path and stage. your role with imperial is the first step towards a career filled with challenge, opportunity and accomplishment. twitter.com/imperialoil youtube.com/imperialoil