Imperial Oil Ltd.

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 $2,500,000,000 of its common shares . The company anticipates that the terms and pricing will be determined, and the Offer will commence, during the next two [...]

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Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Ltd., will host a 2022 First Quarter Earnings Call on Friday, April 29, following the company's first 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 [...]

Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Ltd., will host the company's 2022 Investor Day on Thursday, March 10. The event begins at 8 a.m. MT and will be accessible by webcast. At Investor Day, Imperial's management team will provide an update on the company's operations and business strategy, followed by a question-and-answer session [...]

Imperial Oil Ltd. today declared a quarterly dividend of 34 cents per share on the outstanding common shares of the company, payable on April 1, 2022, to shareholders of record at the close of business on March 3, 2022. This first quarter 2022 dividend compares with the fourth quarter 2021 dividend of 27 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading [...]

Imperial Oil Ltd. : This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220201005385/en/ Upstream fourth quarter net income factor analysis Fourth quarter Twelve months millions of Canadian dollars, unless noted 2021 2020 ? 2021 2020 ? Net income 813 +1,959 2,479 +4,336 Net income per common share, assuming dilution 1.18 +2.74 3.48 +6.01 Capital and exploration [...]

Imperial Oil Ltd. said today it plans further reductions in greenhouse gas emissions intensity over the next decade to help support Canada's net zero goals. By the end of 2030, Imperial anticipates reduced Scope 1 and 2 greenhouse gas emissions intensity of its operated oil sands facilities by 30 percent, compared with 2016 levels. The company plans to achieve this through implementation of lower greenhouse gas next [...]

Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Ltd., will host a 2021 Fourth Quarter Earnings Call on Tuesday, February 1, following the company's fourth 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 [...]

Imperial today announced its intention to market its interests in XTO Energy Canada jointly with ExxonMobil Canada. Imperial and ExxonMobil Canada each own 50 percent of XTO Energy Canada, which includes assets in the Montney and Duvernay areas of central Alberta. This decision is part of Imperial's ongoing evaluation of its unconventional portfolio, and is consistent with its strategy to focus upstream resources on key [...]

Imperial today provided an update on its corporate guidance outlook for 2022. The company's corporate strategy remains focused on maximizing performance of existing assets, prioritizing shareholder returns and progressing key sustainability initiatives. Capital spending is forecast at $1.4 billion, reflecting continued capital discipline and efficient project execution. Spending for 2022 includes the ramp-up of the in-pit [...]