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.
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'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's position in the market.
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%
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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%
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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.
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Rhea-AI Sentiment
End-of-Day
-1.96%
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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.
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-1.96%
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Rhea-AI Summary
Imperial reported strong financial results in the third quarter, with a net income of $1,601 million and cash flow from operating activities of $2,359 million. Upstream production averaged 423,000 gross oil-equivalent barrels per day, with record production at Kearl. Downstream operations performed well with refinery capacity utilization of 96%. The company returned over $3.4 billion to shareholders and plans to initiate a substantial issuer bid to return up to $1.5 billion in the fourth quarter. Imperial also released its Advancing Climate Solutions report, highlighting its commitment to reducing greenhouse gas emissions.
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End-of-Day
-1.96%
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Rhea-AI Summary
Imperial Oil to host Q3 earnings call on October 27
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0.03%
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Rhea-AI Summary
Imperial Oil Limited (TSE: IMO, NYSE American: IMO) declares a quarterly dividend of 50 cents per share, payable on October 1, 2023, to shareholders of record at the close of business on September 1, 2023. The company has a long history of growth and financial stability in Canada's petroleum industry, paying dividends for over a century and increasing its annual dividend payment for 28 consecutive years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.87%
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Rhea-AI Summary
Imperial Oil Limited reports quarterly net income of $675 million and cash flow from operating activities of $885 million. Upstream production averaged 363,000 gross oil-equivalent barrels per day. Refinery throughput was 388,000 barrels per day with a capacity utilization of 90%. The company renewed its annual normal course issuer bid to repurchase up to 5% of outstanding common shares. Third quarter dividend declared at 50 cents per share.
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Rhea-AI Sentiment
End-of-Day
4.87%
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Rhea-AI Summary
Imperial Oil Limited will host a 2023 Second Quarter Earnings Call on July 28. The event will be accessible by webcast and will feature remarks from chairman Brad Corson. The company is a leader in applying technology and innovation to develop Canada's energy resources.
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End-of-Day
1.23%
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Rhea-AI Summary
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-0.38%
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Imperial Oil Limited
NYSE:IMO
IMO Rankings
IMO Stock Data
36.46B
162.74M
69.6%
26.43%
3.23%
Petroleum Refineries
Manufacturing
United States of America
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