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.
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Imperial (TSE: IMO, NYSE American: IMO) will hold its 2025 Third Quarter Earnings Call on Friday, October 31, 2025 at 9:00 a.m. MT following the company’s third quarter earnings release that morning.
John Whelan, chairman, president and CEO, and Peter Shaw, vice-president, investor relations, will host brief remarks followed by a Q&A with covering analysts. The event will be accessible by webcast and the replay will be available for one year on the company’s investor website.
If the company cannot file its Form 8-K on EDGAR at the intended time, investors should check Imperial’s website or Canada’s SEDAR+; the company intends to furnish the information on EDGAR as soon as possible.
Imperial (NYSE: IMO) announced a major restructuring plan aimed at centralizing corporate and technical activities in global business and technology centers. The company expects to achieve annual expense savings of $150 million by 2028 through this initiative.
The restructuring will involve a 20% reduction in employee roles by the end of 2027 and includes a one-time restructuring charge of $330 million before-tax in Q3 2025. The company plans to leverage ExxonMobil's technology and global capability centres to enhance operational efficiency, drive productivity improvements, and maintain its 2025 corporate guidance.
Key objectives include maximizing asset value, improving production, reducing downtime, lowering unit operating costs, and enhancing project execution. Imperial remains committed to meeting or exceeding its medium-term production and unit cost targets for Kearl and Cold Lake operations.
Imperial Oil (NYSE American: IMO) has declared a quarterly dividend of 72 cents per share for the third quarter of 2025, maintaining the same dividend amount as the previous quarter. The dividend will be payable on October 1, 2025, to shareholders of record as of September 4, 2025.
As Canada's largest petroleum refiner, Imperial Oil highlights its remarkable track record of paying dividends for over a century, with 30 consecutive years of dividend increases. The company maintains its position as a leading player in Canada's petroleum industry, focusing on technology and innovation in energy resource development.
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.