Imperial Oil Ltd.

Imperial Oil Ltd. : Nearly $900 million of cash generated from operations; more than $1 billion returned to shareholders Renewed share purchase program; returned $1.6 billion to shareholders under prior 12-month program Major upstream and downstream planned maintenance completed; positioned for strong second half Second quarter Six months millions of Canadian dollars, unless noted 2018 2017 % 2018 2017 % Net income 196 [...]

Imperial Oil Ltd. is pleased to announce the appointment of Miranda C. Hubbs to its Board of Directors, effective July 26, 2018. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180726005018/en/ Miranda C. Hubbs Ms. Hubbs is currently an independent director of Nutrien Ltd. and the Public Sector Pension Investment Board, one of Canada’s largest pension [...]

Rich Kruger, chairman, president and chief executive officer, and Dave Hughes, investor relations manager, Imperial Oil Ltd., will host a 2018 Mid-Year Update Call on Friday, July 27 following the company’s second 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 covering [...]

Imperial today provided an update on work to restore production at Syncrude following a power disruption on June 20 that resulted in a complete shutdown of all processing units. There are no shipments of synthetic crude from the operation at this time. Investigation into the cause of the power disruption is ongoing. Indications suggest a high voltage transformer trip resulted in a cascading shutdown of site-wide power and [...]

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 807,823,922 outstanding common shares as of June 13, 2018, or a maximum of 40,391,196 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 [...]

CALGARY, April 27, 2018 /CNW/ - Imperial announced at its annual meeting of shareholders held on April 27, 2018, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 9, 2018 were elected as directors. A total of 750,099,433 shares were represented in person or by proxy. The percentage of shares represented at the meeting that were voted to elect the [...]

CALGARY, April 27, 2018 /CNW/ - Imperial Oil Ltd. today declared a quarterly dividend of 19 cents per share on the outstanding common shares of the company, payable on July 1, 2018, to shareholders of record at the close of business on June 1, 2018. This second quarter 2018 dividend compares with the first quarter 2018 dividend of 16 cents per share. Imperial has a long and successful history of growth and financial [...]

CALGARY, April 27, 2018 /CNW/ - Imperial Oil Ltd. today announced it has received final acceptance from the Toronto Stock Exchange to amend its normal course issuer bid to increase the number of common shares that it may repurchase. Under the amendment, the number of common shares that may be repurchased will increase from up to three percent to up to five percent of its 846,530,905 outstanding common shares as of June [...]

CALGARY, April 27, 2018 /CNW/ - $1 billion of cash generated from operations; nearly $400 million returned to shareholders Quarterly dividend raised nearly 20 percent; share buyback program increased Strong downstream and chemical earnings driven by operational reliability and market conditions Canadian upstream business environment impacting industry competitiveness and financial performance First quarter millions of [...]

CALGARY, March 7, 2018 /CNW/ - Imperial has made significant progress towards resolving a potential fuel quality issue in aviation gasoline shipped from Strathcona refinery since Dec. 28, 2017. Imperial has identified all locations that received potentially off-spec product and has completed close to all of the testing at those sites. At this point, approximately 70% of the sites tested have been confirmed as fit-for-use [...]