IMO:CC News and Press, Imperial Oil Limited From 01/31/23

Quarterly net income of $1,727 million and cash flow from operating activities of $2,797 million Upstream production of 441,000 gross oil-equivalent barrels per day during fourth quarter, driven by continued strength at Kearl and Cold Lake, and higher production at Syncrude Maintained str...

Imperial Oil ( NYSE: IMO ) is scheduled to announce Q4 earnings results on Tuesday, January 31st, before market open. The consensus EPS Estimate is $1.95 (+65.3% Y/Y) and the consensus Revenue Estimate is $12.94B (+5.1% Y/Y). Over the last 1 year, IMO has beaten EPS estimate...

Stocks in the U.S were higher in afternoon trading with the the S&P 500 up by 12 points, or 0.3%, to 4,030, the Dow Jones Industrial Average flat at 33,736 and the Nasdaq Composite advancing 69 points, or 0.6%, to 11,384. GDP data released Thursday showed the economy expand at an annualiz...

Imperial Oil ( NYSE: IMO ) said Thursday it plans to spend ~C$720M to move forward with construction of the largest renewable diesel facility in Canada . Imperial ( IMO ) expects the project at its Strathcona refinery near Edmonton to produce more than 1B liters/year of renewa...

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...

The magnificent bull run of energy stocks in 2022 saved the TSX from falling deep into the abyss. Canada’s primary stock market could have lost more than 8.66% for the year, if not for the resiliency and strength of the energy sector. For 2023, market analysts expect the red-hot streak...

(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...

Whether you are a new stock investor or have years of experience, you should always hold some quality dividend stocks in your portfolio, which can keep rewarding you with healthy dividends, even in difficult economic times. In this article, I’ll highlight three of the best Canadian div...

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...