IMO:CC News and Press, Imperial Oil Limited From 12/19/22

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...

Canada’s electric vehicle (EV) boom could come earlier than expected as two prominent energy firms gear up for a tremendous business opportunity . Statistica.com expects the country’s EV market to grow at a compound annual growth rate (CAGR) of 20.9% from 2022 to 2027. In five y...

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...

Canadian energy stocks were on fire in the first half of 2022. Oil and gas prices soared on the back of improved demand in the aftermath of the COVID-19 pandemic. Moreover, Russia’s invasion of Ukraine stirred global concerns over oil and gas supply. That momentum petered out in the se...

Summary There's good, there's better, and then there's Canadian Natural Resources. The company reported its Q3-2022 results and fired off another double-digit dividend increase. We go over what the results mean and where we are for this company to achieve dividend aristocrat s...

Imperial Oil ( NYSE: IMO ) +1.3% post-market Monday after saying it will offer to repurchase as much as C$1.5B of its shares in a modified Dutch auction with a tender price range of C$72.50-C$87.00 per share. The company said the offer for up to ~3.4% of its total is...

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today the terms of its substantial issuer bid (the “Offer”) pursuant to which the company will offer to purchase for cancellation up to $1,500,000,000 of its common shares (the “Shares”). Subject t...

Imperial Oil ( NYSE: IMO ) +1.3% in Monday's trading as BMO Capital upgraded shares to Outperform from Market Perform with a C$85 price target, raised from C$70, after Q3 earnings topped expectations and unleashed a "cash bonanza." BMO analyst Randy Ollenberger note...