Imperial Oil Ltd.

Imperial 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 key sustainability initiatives. Capital spending is forecast at $1.7 billion and includes a planned ramp-up for the Strathcona Renewable Diesel project, application of [...]

Imperial Oil Ltd. announced today that it has taken up and paid for 20,689,655 common shares at a price of $72.50 per Share under Imperial's offer to purchase for cancellation up to $1.5 billion of its Shares. All amounts are in Canadian dollars. The Shares purchased represent an aggregate purchase of $1.5 billion and 3.4 percent of the total number of Imperial's issued and outstanding Shares as of the close of business [...]

Imperial Oil Ltd. announced today the preliminary results of its substantial issuer bid , pursuant to which Imperial offered to purchase for cancellation up to $1.5 billion of its common shares . The Offer proceeded by way of a modified Dutch auction, which had a tender price range from $72.50 per Share to $87.00 per Share, and included the option for shareholders to participate via a proportionate tender. The Offer [...]

Imperial Oil Ltd. announced today the terms of its substantial issuer bid pursuant to which the company will offer to purchase for cancellation up to $1,500,000,000 of its common shares . Subject to obtaining certain exemptive relief under applicable securities laws in the United States, the Offer will proceed by way of a modified Dutch auction that includes the ability for shareholders to participate via a proportionate [...]

Imperial Oil Ltd. announced today that the Board of Directors, on the recommendation of a special committee of independent directors, has authorized the initiation of a substantial issuer bid pursuant to which the company will offer to purchase for cancellation up to $1,500,000,000 of its common shares . The company anticipates that the terms and pricing will be determined, and the Offer will commence, during the next two [...]

Imperial Oil Ltd. today declared a quarterly dividend of 44 cents per share on the outstanding common shares of the company, payable on January 1, 2023, to shareholders of record at the close of business on December 2, 2022. This fourth quarter 2022 dividend compares with the third quarter 2022 dividend of 34 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a [...]

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FLO, a leading North American electric vehicle charging network, and Imperial announced a unique collaboration that will support Canada's net zero greenhouse gas emissions goals by expanding FLO charging network for electric vehicles. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221020005198/en/ "Our collaboration with Imperial is noteworthy-involving two [...]

Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Ltd., will host a 2022 Third Quarter Earnings Call on Friday, October 28, following the company's third quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks prior to taking questions from [...]

CALGARY, AB and LEHIGH VALLEY, Pa., Sept. 6, 2022 /PRNewswire/ -- Imperial today announced a long-term contract with Air Products to supply low-carbon hydrogen for Imperial's proposed renewable diesel complex at its Strathcona refinery near Edmonton, Alberta. Air Products will provide pipeline supply from its hydrogen plant under construction in Edmonton. "Our agreement with Air Products is an important milestone as we [...]