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 reports news on its integrated Canadian petroleum business, including upstream crude oil and natural gas production, downstream refining and petroleum product sales, and chemical operations. Company updates commonly cover operating results, refinery utilization, production from assets such as Kearl and Cold Lake, project activity, and technology used in developing Canada’s energy resources.
Recurring announcements also include quarterly dividends on common shares, earnings call notices, shareholder meeting voting results, director elections, auditor matters, and capital-return commentary. The company is listed on the TSX and NYSE American under the symbol IMO.
Imperial Oil declared a quarterly dividend of 27 cents per share, payable on July 1, 2021, to shareholders of record as of June 3, 2021. This marks an increase from the 22 cents per share dividend in the previous quarter. The company has a robust history, paying dividends annually for over a century and increasing them for 26 consecutive years. As Canada's largest petroleum refiner and a significant crude oil producer, Imperial is committed to high standards and innovation in developing energy resources responsibly.
Imperial Oil Limited (TSX, NYSEAM: IMO) reported a net income of $392 million for Q1 2021, a significant recovery from a $188 million loss in Q1 2020. The cash flow from operating activities surged to $1.045 billion, boosted by improved crude prices and operational efficiency. Upstream production reached 432,000 gross oil-equivalent barrels per day, a 30-year high. The company reinstated a share buyback program, aiming to repurchase up to 4% of outstanding shares by June 28, 2021, and raised its quarterly dividend by 23% to 27 cents per share.
Imperial Oil Limited (TSE:IMO, NYSE American: IMO) will host its 2021 First Quarter Earnings Call on April 30 at 9 a.m. MT, following the earnings release earlier that day. CEO Brad Corson and VP of Investor Relations Dave Hughes will discuss key financial results and take questions from analysts. The event will be accessible via webcast and archived on the company's website for one year. Imperial Oil, Canada’s largest petroleum refiner and significant crude oil producer, emphasizes its commitment to technology and high standards in the energy sector.
Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced a quarterly dividend of 22 cents per share, payable on April 1, 2021, to shareholders on record by March 2, 2021. This marks an unchanged dividend from Q4 2020. With a century-long history in the petroleum industry, Imperial has consistently paid dividends for over 100 years and has raised its annual dividend for 26 consecutive years, showcasing financial stability and growth.
Imperial Oil Limited reported a net loss of $1,146 million in Q4 2020, primarily due to a non-cash impairment charge of $1,171 million. Despite this, the company achieved its highest quarterly upstream production in 30 years, averaging 460,000 barrels per day. Cash flow from operations for the quarter was $316 million, affected by unfavorable working capital impacts. Full-year capital expenditures totaled $874 million, significantly less than in 2019. The company maintained its dividend, returning over $900 million to shareholders.
Imperial Oil Limited (TSE:IMO, NYSE American: IMO) will hold its Fourth Quarter Earnings Call on February 2 at 9 a.m. MT, following its earnings release that morning. Chairman Brad Corson and VP Dave Hughes will discuss the company’s performance and answer analysts' questions. Imperial Oil remains a leader in Canada's energy sector, focusing on responsible development of resources as the largest petroleum refiner and a significant crude oil producer in the country.