Imperial Oil Ltd.

The Alberta Machine Intelligence Institute and Imperial have announced a two-year agreement to collaborate on the development of Imperial’s in-house machine learning capabilities, which will enable a range of applied artificial intelligence projects. Through these projects, Imperial will work to develop more effective ways to recover oil and gas resources, reduce environmental impacts and improve the safety of its [...]

The board of directors of Imperial Oil Ltd. is pleased to announce the appointment of B.W. Corson as president, effective September 17, 2019. Chairman and chief executive officer, R.M. Kruger, has declared his plans to retire at the end of December, 2019. Mr. Corson will assume the role of chairman, president and CEO of Imperial Oil Ltd. on January 1, 2020. This press release features multimedia. View the full release [...]

Imperial Oil Ltd. today declared a quarterly dividend of 22 cents per share on the outstanding common shares of the company, payable on October 1, 2019, to shareholders of record at the close of business on September 4, 2019. This third quarter 2019 dividend compares with the second quarter 2019 dividend of 22 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a [...]

Imperial Oil Ltd. : Net income of $1,212 million, including a $662 million benefit from the Alberta corporate tax rate change Highest second quarter production in over 25 years, including record second quarter production at Kearl Cash generated from operations of $1 billion; $2 billion in the first six months, the highest since 2014 Returned $515 million to shareholders; renewed share purchase program for another year [...]

Rich Kruger, chairman, president and chief executive officer, and Dave Hughes, vice president investor relations, Imperial Oil Ltd., will host a 2019 Second Quarter Earnings Call on Friday, August 2 following the company’s second quarter earnings release. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Kruger will offer brief remarks prior to taking questions from [...]

Imperial today released a brief update on end of May year-to-date 2019 performance. The update was shared with employees at a scheduled forum on Wednesday, June 26. Imperial will release its second quarter results on August 2, 2019, as planned. Upstream production: 389,000 barrels of oil equivalent per day Refinery throughput: 359,000 barrels per day Petroleum product sales: 472,000 barrels per day Net income: $690 [...]

Imperial Oil Ltd. today announced it has received final acceptance from the Toronto Stock Exchange for a normal course issuer bid to repurchase up to five percent of its 764,221,735 outstanding common shares as of June 13, 2019, or a maximum of 38,211,086 shares during the next 12 months. This maximum will be reduced by the number of shares purchased from Exxon Mobil Corp. , Imperial’s majority shareholder, as [...]

Imperial announced at its annual meeting of shareholders held on April 26, 2019, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 14, 2019 were elected as directors. A total of 698,062,619 shares were represented in person or by proxy. The percentage of shares represented at the meeting that were voted to elect the individual directors are set out [...]

Imperial Oil Ltd. today declared a quarterly dividend of 22 cents per share on the outstanding common shares of the company, payable on July 1, 2019, to shareholders of record at the close of business on June 3, 2019. This second quarter 2019 dividend compares with the first quarter 2019 dividend of 19 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading [...]

Imperial Oil Ltd. : Earnings of $293 million; cash generated from operations of $1 billion $510 million returned to shareholders through share purchases and dividends Second quarter dividend increased by 16 percent to 22 cents per share First quarter millions of Canadian dollars, unless noted 2019 2018 ? Net Income 293 516 -223 Net Income per common share, assuming dilution 0.38 0.62 -0.24 Capital and exploration [...]