Imperial Oil Ltd.

Imperial said today it has slowed the pace of development of its Aspen in situ oil sands project given market uncertainty stemming from Alberta government intervention and other industry competitiveness challenges. Imperial’s view remains that free markets work and intervention sends a negative message to investors about doing business in Alberta and Canada. The company remains concerned about the unintended [...]

Imperial Oil Ltd. today declared a quarterly dividend of 19 cents per share on the outstanding common shares of the company, payable on April 1, 2019, to shareholders of record at the close of business on March 4, 2019. This first quarter 2019 dividend compares with the fourth quarter 2018 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. : Full-year earnings of $2,314 million; $3,922 million cash generated from operations Record annual gross production at Kearl of 206,000 barrels per day Returned more than $2.5 billion to shareholders through share purchases and dividends Fourth quarter Twelve months millions of Canadian dollars, unless noted 2018 2017 ? 2018 2017 ? Net income 853 +990 2,314 490 +1,824 Net income per common share [...]

Rich Kruger, chairman, president and chief executive officer, and Dave Hughes, vice president investor relations, Imperial Oil Ltd., will host a 2018 Fourth Quarter Earnings Call on Friday, February 1 following the company’s fourth quarter earnings release. The event begins at 9 a.m. MST and will be accessible by webcast. During the call, Mr. Kruger will offer brief remarks prior to taking questions from [...]

Imperial announced today that it has made a final investment decision to develop its Aspen project, located about 45 kilometres northeast of Fort McMurray, Alberta. The project, which is expected to produce about 75,000 barrels of bitumen per day, will include the first major commercial application of next-generation oil sands recovery technology designed to lower greenhouse gas emissions intensity and water use, while [...]

Imperial Oil Ltd. today declared a quarterly dividend of 19 cents per share on the outstanding common shares of the company, payable on January 1, 2019, to shareholders of record at the close of business on December 3, 2018. This fourth quarter 2018 dividend compares with the third quarter 2018 dividend of 19 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a [...]

Imperial Oil Ltd. : $1.2 billion cash generated from operations; strong performance across all business lines Record gross production at Kearl of 244,000 barrels per day; 202,000 barrels per day year-to-date Nearly $600 million returned to shareholders through dividends and share purchases Third quarter Nine months millions of Canadian dollars, unless noted 2018 2017 % 2018 2017 % Net income 749 371 102 1,461 627 133 Net [...]

Rich M. Kruger, chairman, president and chief executive officer, and Dave Hughes, investor relations manager, Imperial Oil Ltd., will host the company's 2018 Investor Day on Wednesday, November 7 in Toronto. The event begins at 9 a.m. ET and will be accessible by webcast. At Investor Day, Imperial's management will provide an update on its business strategy, operations and major projects followed by a question and answer [...]

Rich Kruger, chairman, president and chief executive officer, and Dave Hughes, investor relations manager, Imperial Oil Ltd., will host a 2018 Third Quarter Earnings Call on Friday, November 2 following the company’s third quarter earnings release. The event begins at 9 a.m. MDT and will be accessible by webcast. During the call, Mr. Kruger will offer brief remarks prior to taking questions from Imperial’s [...]

Imperial today announced that it has successfully restarted production at its Norman Wells operations in the Northwest Territories following the return to service of Enbridge’s Line 21 pipeline. Imperial had previously resumed limited shipments of crude oil from storage in September. More than 100 employees and contractors have been working to restart operations, with a focus on safety and protection of the [...]