IMO News and Press, Imperial Oil Limited From 01/26/23

Facility expected to produce more than 1 billion litres per year, or 20,000 barrels per day, of renewable diesel Renewable diesel has potential to reduce annual greenhouse emissions by about 3 million tonnes compared to conventional fuels Project to supply British Columbia in support of p...

(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 2022 Fourth Quarter Earnings Call on Tuesday, January 31, following the company’s fourth quarter earnings rele...

Summary Later this year, likely in Q4, the long-awaited Trans Mountain pipeline expansion project will come online. The stocks of big oil sands producers - like Cenovus - will benefit. The pipeline will add 590,000 bpd of long-overdo and badly needed oil sands pipeline exit capacity. ...

Oil and gas firm Imperial ( NYSE: IMO ) has provided corporate guidance outlook for 2023. Upstream production is forecast between 410,000 and 430,000 gross oil equivalent barrels per day, reflecting the sale of the company’s interests in XTO Energy Canada. The outlook is un...

Imperial (TSE: IMO, NYSE American: IMO) today provided an update on its corporate guidance outlook for 2023. The company’s corporate strategy remains focused on maximizing performance of existing assets and select growth initiatives, while prioritizing shareholder returns and delivering ke...

Imperial Oil ( NYSE: IMO ) on Wednesday completed the previously announced substantial issuer bid. The company has taken up and paid for 20,689,655 common shares at a price of C$72.50 per share, to purchase for cancellation C$1.5 billion of its shares. The shares purchase...

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today that it has taken up and paid for 20,689,655 common shares (“Shares”) at a price of $72.50 per Share (the “Purchase Price”) under Imperial’s offer (the “Offer”) to purchase for can...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips 2022 was a year of soaring consumer prices and falling stock prices. I’m sure most investors will be happy to put it behind them, perhaps after some tax-loss harvesting. The silver lining of this year’s bear marke...

Imperial Oil ( NYSE: IMO ) has announced preliminary results of its substantial issuer bid. Under the bid, the company offered to purchase for cancellation up to C$1.5B of its common shares by way of a modified Dutch auction. The tender price was set between C$72.50-C$87.00 per sh...

Summary The energy sector has been the leading sector, and perhaps the only sector working for over a year. There is no greater source of free cashflow. Oil and gas companies are paying down debt, buying back shares and rewarding shareholders with generous dividends with accel...