Imperial Oil

Imperial Oil Ltd. engages in the provision of integrated oil business. It operates through the following business segments: Upstream, Downstream, Chemical, and Corporate and Other. The Upstream segment includes the exploration and production of crude oil, natural gas, synthetic oil, and bitumen. The Downstream segment focuses on refining crude oil into petroleum products. The Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products. The Corporate and Other segment covers assets and liabilities that do not specifically relate to business segments. The company was founded on September 8, 1880 and is headquartered in Calgary, Canada.

Earnings data Q1 2021

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Imperial Oil Ltd. engages in the exploration, production, and sale of crude oil and natural gas. It operates through the following business segments: Upstream, Downstream, Chemical, and Corporate and Other. The Upstream segment includes the exploration and production of crude oil, natural gas, synthetic oil, and bitumen. The Downstream segment focuses on refining crude oil into petroleum products. The Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products. The Corporate and Other segment covers assets and liabilities that do not specifically relate to business segments. The company was founded on September 8, 1880 and is headquartered in Calgary, Canada.

Imperial Oil (IMO) plans C$1.7 billion in capital expenditure for 2023, maintaining consistent production performance at Kearl in the range of 265,000-275,000 barrels per day.

Imperial Oil (IMO) Q2 Earnings In Line, Revenues Fall Y/Y

Imperial Oil Limited (NYSE:IMO ) Q2 2023 Earnings Conference Call July 28, 2023 11:00 AM ET Company Participants Dave Hughes - Vice President of Investor Relations Brad Corson - Chairman, President, and Chief Executive Officer Dan Lyons - Senior Vice President of Finance and Administration Sherri Evers - Senior Vice President of Sustainability, Commercial Development & Product Solutions Simon Younger - Senior Vice President of Upstream Conference Call Participants Manav Gupta - UBS Greg Pardy - RBC Capital Markets Dennis Fong - CIBC Global Markets Kalei Akamine - Bank of America Menno Hulshof - TD Securities Neil Mehta - Goldman Sachs Operator Good day, and welcome to the Imperial Oil 2Q '23 Earnings Call. Today's conference is being recorded.

Imperial Oil Limited (IMO) Q2 2023 Earnings Call Transcript

Imperial Oil (IMO) came out with quarterly earnings of $0.86 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2.84 per share a year ago.

Imperial Oil (IMO) Meets Q2 Earnings Estimates

Canada's Imperial Oil reported a 72% drop in second-quarter profit on Friday as production fell due to maintenance activity amid a slump in prices.

Imperial oil quarterly profit plunges 72% as production, prices drop

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 50 cents per share on the outstanding common shares of the company, payable on October 1, 2023, to shareholders of record at the close of business on September 1, 2023. This third quarter 2023 dividend compares with the second quarter 2023 dividend of 50 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading m.

Imperial declares third quarter 2023 dividend

CALGARY, Alberta--(BUSINESS WIRE)--IMPERIAL OIL LIMITED, TSE: IMO, NYSE American: IMO   Second quarter Six months millions of Canadian dollars, unless noted 2023 2022 ∆ 2023 2022 ∆ Net income (loss) (U.S. GAAP) 675 2,409 (1,734) 1,923 3,582 (1,659) Net income (loss) per common share, assuming dilution (dollars) 1.15 3.63 (2.48) 3.29 5.36 (2.07) Capital and exploration expenditures 493 314 +179 922 610 +312 Imperial reported estimated net income in the second quarter of $675 million, compared to.

Imperial announces second quarter 2023 financial and operating results

Canada's Imperial Oil spilled crude oil into a process-water lagoon at its Mahihkan plant in northern Alberta, contaminating a flock of geese, the Alberta Energy Regulator (AER) said on Wednesday.

Imperial Oil spill into lagoon contaminates flock of Canada geese

CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Limited, will host a 2023 Second Quarter Earnings Call on Friday, July 28, following the company's second quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial's.

Imperial to hold 2023 Second Quarter Earnings Call

Imperial Oil Limited is 70% owned by Exxon Mobil Corporation, providing a strong backstop on its valuation, as it's a potential acquisition target. The company had a blockbuster year in 2022, with its valuation of less than $30 billion, and it has continued to steadily invest in share repurchases. We expect Imperial Oil to continue its policy of driving shareholder returns, making it a valuable long-term investment.

Imperial Oil Stock Remains Undervalued

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Imperial Oil Limited has been growing EPS by over 20% YoY as shown in the last earnings report. The balance sheet is incredibly strong and the company has a lot of freedom to take on more debt without risking hurting the buybacks and dividends.

Imperial Oil Limited: Solid Company With A Strong Buyback Program

Imperial Oil pays a strong dividend and has recently repurchased shares creating shareholder value. The company has outperformed the S&P 500 in the last 3 years when adjusting for dividends.

Imperial Oil: Enhancing Efficiency And Growth Through Strategic Capital Investments

Imperial Oil (IMO) expects capital expenditures of C$1.7 billion and production levels of 135,000-140,000 b/d for Cold Lake in 2023.

Imperial Oil (IMO) Q1 Earnings Beat Estimates, Sales Miss

While the dividend increase is attractive, the oil price uncertainty might not be enough to attract investors to its stock in the months ahead.

Oil Price Uncertainty Ahead Makes Imperial Oil a Questionable Buy

CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) announced today that S.L. (Sherri) Evers, currently Vice President, Commercial and Corporate Development, will become the company's Senior Vice President, Sustainability, Commercial Development and Product Solutions, assuming oversight and responsibility of the company's downstream business effective May 1, 2023. Sherri will continue to oversee the commercial and corporate development business. “Imperial recognizes the i.

Imperial appoints Senior Vice President, Sustainability, Commercial Development and Product Solutions

Imperial Oil Limited (IMO) Q1 2023 Earnings Call Transcript.

Imperial Oil Limited (IMO) Q1 2023 Earnings Call Transcript

Imperial Oil Limited (TSX:IMO) reported a first quarter profit beat on Friday with lower upstream realizations and refining margins offset by higher output and strong refining performance.  The Calgary, Alberta-based petroleum company reported a net profit of $1.25 billion or $2.13 per share, up from $1.17 billion or $1.75 per share in the same quarter in 2022.

Imperial Oil beats profit forecast on higher output and refining performance

Imperial Oil (IMO) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.38 per share a year ago.

Imperial Oil (IMO) Q1 Earnings Beat Estimates

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 50 cents per share on the outstanding common shares of the company, payable on July 1, 2023, to shareholders of record at the close of business on June 2, 2023. This second quarter 2023 dividend compares with the first quarter 2023 dividend of 44 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading member of.

Imperial declares second quarter 2023 dividend

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO):   First quarter   millions of Canadian dollars, unless noted 2023   2022   ∆I   Net income (loss) (U.S. GAAP) 1,248   1,173   +75   Net income (loss) per common share, assuming dilution (dollars) 2.13   1.75   +0.38   Capital and exploration expenditures 429   296   +133   Imperial reported estimated net income in the first quarter of $1,248 million, compared to net income of $1,727 million in the fourth qua.

Imperial announces first quarter 2023 financial and operating results

Exxon Mobil

Exxon Mobil Corporation (NYSE:XOM) is expected to report its first quarter 2023 financial results, for the period ending March 31, 2023, before the market opens on Friday, April 28, 2023. The analyst consensus forecast is for earnings per share (EPS) of $2.65, up from $2.07 during the same period last year, according to Zacks Investment Research.

Exxon Mobil, Chevron, and Imperial Oil earnings preview: 1Q optimism bodes well for Big Oil

Imperial (IMO) announces the imminent completion of oil sands wastewater cleanup process in May, leading to environmental sustainability and responsible operations.

Imperial (IMO) to Finish Oil Sands Wastewater Cleanup by May

CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Limited, will host a 2023 First Quarter Earnings Call on Friday, April 28, following the company's first quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast.

News for Imperial Oil Stock (IMO)