CALGARY, June 22, 2016 /CNW/ - Imperial today announced it has received final acceptance from the Toronto Stock Exchange for a new normal course issuer bid to continue its existing share repurchase program that will expire on June 24, 2016. In December 2002, Imperial introduced a restricted stock unit plan pursuant to which shares may be issued upon vesting. The issuing of shares that result from the vesting of restricted [...]
CALGARY, June 3, 2016 /CNW/ - Imperial today announced the safe return to normal operations at the Kearl oil sands site. The company will continue to closely monitor developments with the fires in the Regional Municipality of Wood Buffalo. The safety of our employees remains our top priority. Kearl's physical plant was not damaged by the fires, and air quality monitoring remains in place. After more than a century [...]
CALGARY, May 19, 2016 /CNW/ - Imperial today confirmed it has restarted limited operations at its Kearl oil sands site. Recognizing the uncertainty of the fire situation in the Regional Municipality of Wood Buffalo, full restoration of operations will depend on a number of factors. Imperial's first priority continues to be the safety of our employees and contractors. Air monitoring is in place and the physical plant is [...]
CALGARY, May 9, 2016 /CNW/ - Imperial today confirmed it has completed a controlled shutdown of its Kearl operations due to ongoing uncertainties associated with inbound and outbound logistics. The physical plant and other assets are unaffected by the fires. A timeline for restart will be dependent on a number of factors. Imperial's first priority continues to be the safety of our employees and contractors. Non-essential [...]
CALGARY, May, 5, 2016 /CNW/ - Imperial today provided an update on its operations at Kearl. As a precaution, Kearl workforce levels have been reduced to essential staff only in response to the fires in the Regional Municipality of Wood Buffalo. Air monitoring is in place and the physical plant is unaffected by the fires. The safety of our employees, contractors and communities continues to be Imperial's first priority [...]
CALGARY, May 4, 2016 /CNW/ - In response to the serious wildfire situation in northeastern Alberta, the Imperial Oil Foundation today announced a $100,000 donation to the Canadian Red Cross to support emergency assistance efforts. "Our thoughts are with the residents in the Fort McMurray area who have been impacted by the severe wildfires," said Rich Kruger, Chairman, President and CEO. "We will continue to assess the [...]
CALGARY, April 29, 2016 /CNW/ - Imperial announced at its annual meeting of shareholders held on April 29, 2016, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 11, 2016 were elected as directors. A total of 754,290,194 shares (88.99 percent of outstanding common shares) were represented in person or by proxy. The percentage of shares represented [...]
CALGARY, April 29, 2016 /CNW/ - Imperial Oil Ltd. today declared a quarterly dividend of 15 cents per share on the outstanding common shares of the company, payable on July 1, 2016, to shareholders of record at the close of business on June 3, 2016. This second quarter 2016 dividend compares with the first quarter 2016 dividend of 14 cents per share. Imperial has a long and successful history of growth and financial [...]
Production up 26 percent, liquids at record 399,000 barrels per day Upstream unit cash costs reduced by 25 percent Sale of company-owned retail stations proceeding for $2.8 billion CALGARY, April 29, 2016 /CNW/ - First quarter (millions of dollars, unless noted) 2016 ...
In-situ project will use solvent-assisted, steam-assisted gravity drainage technology Technology designed to reduce greenhouse-gas emission intensity, water use Imperial has successfully piloted technology at Cold Lake since 2010 CALGARY, March 11, 2016 /CNW/ - Imperial today announced the filing of regulatory applications with the Alberta Energy Regulator to seek approval of a new in-situ oil-sands project on its Cold [...]
CALGARY, Feb. 2, 2016 /CNW/ - Imperial Oil Ltd. today declared a quarterly dividend of 14 cents per share on the outstanding common shares of the company, payable on April 1, 2016, to shareholders of record at the close of business on March 4, 2016. This first quarter 2016 dividend compares with the fourth quarter 2015 dividend of 14 cents per share. Imperial has a long and successful history of growth and financial [...]
Cost management delivers full year savings of $1.5 billion Upstream growth results in highest production in more than two decades Results highlight the value of integration in the current business environment CALGARY, Feb. 2, 2016 Fourth quarter Twelve months (millions of dollars, unless noted) ...