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 an integrated Canadian oil company with operations spanning the exploration and production of crude oil and natural gas, petroleum refining, and petrochemical manufacturing. This news page aggregates Imperial’s own updates and market announcements, giving readers a focused view of how the company’s strategy and operations evolve over time.
Imperial’s news flow frequently covers Upstream performance at assets such as Kearl, Cold Lake and its share of Syncrude, including production levels, reliability improvements, mine progression and solvent-assisted SAGD projects. The company also reports on Downstream refinery throughput and utilization, planned and completed turnarounds at refineries like Strathcona, Sarnia and Nanticoke, and developments in logistics and feedstock flexibility that affect margins and resilience.
Investors following IMO news will also see regular financial and capital allocation updates. Imperial issues quarterly earnings releases detailing net income, cash flows from operating activities, capital and exploration expenditures, and segment results. The company announces dividends, highlights its long history of annual dividend payments and dividend growth, and provides information on normal course issuer bid share repurchase programs, including participation by its majority shareholder, ExxonMobil.
Another recurring theme in Imperial’s news is its focus on lower-emission opportunities and technology. The company reports on projects such as its renewable diesel facility at the Strathcona refinery and describes initiatives in carbon capture and storage, hydrogen and lower-emission fuels. Restructuring announcements and guidance updates also outline how Imperial plans to use digital infrastructure and global business and technology centres to support cost management and growth.
By reviewing this news feed, readers can monitor Imperial’s production trends, refining performance, dividend declarations, share repurchases, restructuring actions and guidance updates, all of which the company presents as key elements of its long-term strategy.
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 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.