IMO News and Press, Imperial Oil Limited From 07/06/23

Stocks slid on Thursday after better-than-expected jobs data increased investors' anxiety around the state of the economy and path of interest rates. The Dow Jones Industrials slumbered 352.97 points, or 1%, to conclude Thursday at 33,935.67. The S&P 500 decreased 35.23 points to 4,41...

2023-06-27 12:24:47 ET Summary 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 co...

2023-06-09 09:34:53 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips Oil prices remain in retreat . Currently the price of West Texas Intermediate ( WTI ) crude oil, the U.S. standard, is trading just above $70 a barrel, though it has dipped below th...

2023-06-06 17:49:50 ET TC Energy ( NYSE: TRP ) is cutting an unspecified number jobs to "optimize value," Reuters reported late Tuesday, citing a company spokesperson. The number of layoffs is believed to be much smaller than the job cuts announced last week at Suncor Energy...

2023-05-30 15:15:26 ET Summary Fundamentals always win out in the end, but price action can drive you crazy till then. The baby bubble of Texas Pacific Land Corporation matured into a fully-filled, helium offering in late 2022. But like the Bilbo Baggins story, we are now back...

2023-05-20 06:03:35 ET Summary 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. I...

2023-05-17 00:41:06 ET Summary 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. Capital investments will create margin expansion an...

S.L. Evers to assume management oversight of Imperial’s downstream operations effective May 1, 2023 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 S...

2023-04-28 13:18:03 ET Imperial Oil Limited (IMO) Q1 2023 Earnings Conference Call April 28, 2023 11:00 AM ET Company Participants Dave Hughes - Vice President, Investor Relations Brad Corson - Chairman, President and CEO Dan Lyons - Senior Vice President, Financ...

2023-04-28 09:57:11 ET Imperial Oil ( NYSE: IMO ) -2.2% in early trading Friday after reporting Q1 GAAP earnings that rose and revenues that fell compared to the year-earlier quarter. Q1 net income edged up to C$1.25B (~US$918.2M), or C$2.13/share, including ~C$150M of...