Full-year earnings of $490 million; $1,056 million excluding upstream non-cash impairment charges Progressing work to increase Kearl annual average gross production to 240,000 barrels per day Returned more than $1.1 billion to shareholders through share purchases and dividends CALGARY, Feb. 2, 2018 /CNW/ - Fourth quarter Twelve months millions of Canadian dollars, unless noted 2017 2016 % 2017 2016 % Net income 1,444 490 [...]
CALGARY, Nov. 29, 2017 /CNW/ - Imperial Oil Ltd. is pleased to announce the appointment of David W. Cornhill to Imperial's board. Mr. Cornhill is currently the chairman of the board and founder of AltaGas Ltd. Mr. Cornhill founded AltaGas on April 1, 1994 and served as chairman of the board and chief executive officer until April 15, 2016. Mr. Cornhill has over 35 years of experience with leading energy and energy [...]
CALGARY, Oct. 27, 2017 /CNW/ - Imperial Oil Ltd. today declared a quarterly dividend of 16 cents per share on the outstanding common shares of the company, payable on January 1, 2018, to shareholders of record at the close of business on December 1, 2017. This fourth quarter 2017 dividend compares with the third quarter 2017 dividend of 16 cents per share. Imperial has a long and successful history of growth and [...]
18 percent increase in upstream production from the second quarter of 2017 Petroleum product sales of 500,000 barrels per day remain at near record levels Returned $386 million to shareholders in the form of dividends and share purchases CALGARY, Oct. 27, 2017 /CNW/ - Third quarter Nine months millions of Canadian dollars, unless noted 2017 2016 % 2017 2016 % Net income [...]
CALGARY, Oct. 18, 2017 /CNW/ - Rich Kruger, chairman, president and chief executive officer, and Dave Hughes, investor relations manager, Imperial Oil Ltd., will host a 2017 Update Call on Wednesday, November 1. The event begins at 8 a.m. MDT and will be accessible by webcast. During the call, Mr. Kruger will provide an update on Imperial's business strategy, operations and major projects. Please click here to register [...]
CALGARY, July 28, 2017 /CNW/ - Imperial Oil Ltd. today declared a quarterly dividend of 16 cents per share on the outstanding common shares of the company, payable on October 1, 2017, to shareholders of record at the close of business on September 1, 2017. This third quarter 2017 dividend compares with the second quarter 2017 dividend of 16 cents per share. Imperial has a long and successful history of growth and [...]
Net loss of $77 million compared to a net loss of $181 million in second quarter of 2016 Progressing a comprehensive plan to improve reliability and achieve targeted production levels at Kearl Increased ability to deliver value to shareholders through an expanded share buyback program CALGARY, July 28, 2017 /CNW/ - ...
CALGARY, June 22, 2017 /CNW/ - Imperial Oil Ltd. today announced it has received final acceptance from the Toronto Stock Exchange for a normal course issuer bid (NCIB) to repurchase up to three percent of its 846,530,905 outstanding common shares as of June 13, 2017, or a maximum of 25,395,927 shares during the next 12 months. This maximum will be reduced by the number of shares purchased from [...]
CALGARY, April 28, 2017 /CNW/ - Imperial announced at its annual meeting of shareholders held on April 28, 2017, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 10, 2017 were elected as directors. A total of 755,812,225 shares (89.73 percent of outstanding common shares) were represented in person or by proxy. The percentage of shares represented [...]
CALGARY, April 28, 2017 /CNW/ - Imperial Oil Ltd. today declared a quarterly dividend of 16 cents per share on the outstanding common shares of the company, payable on July 1, 2017, to shareholders of record at the close of business on June 2, 2017. This second quarter 2017 dividend compares with the first quarter 2017 dividend of 15 cents per share. Imperial has a long and successful history of growth and financial [...]
Earnings of $333 million, an increase of $434 million compared to the same period of 2016 Strong petroleum product sales driven by long-term, high value supply agreements Upstream production impacted by a fire at the Syncrude Mildred Lake upgrader CALGARY, April 28, 2017 /CNW/ - First quarter (millions of Canadian dollars, unless noted) 2017...
CALGARY, March 27, 2017 /CNW/ - Imperial confirms that Syncrude continues to recover from a fire at its Mildred Lake upgrader on March 14, 2017. There are no shipments of synthetic crude from the operation at this time. Efforts remain focused on safely assessing the extent of the damage and developing a recovery plan for a return to normal operations. Production is expected to ramp up in stages as damage is repaired and [...]