Imperial Oil Ltd.

Project completed on budget, on schedule and with no lost-time safety incidents CALGARY, June 24, 2014 /CNW/ - Imperial Oil Ltd. today announced the completion of a major maintenance turnaround at its Cold Lake Mahihkan facilities. "We would like to wholeheartedly congratulate and thank our contractors and employees for completing this major turnaround without a lost-time safety incident," said Zaidah Ibrahim [...]

CALGARY, June 23, 2014 /CNW/ - Imperial Oil Ltd. 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 facility that will expire on June 24, 2014. In December 2002, Imperial introduced a restricted stock unit plan pursuant to which shares may be issued upon vesting. Since there could be a dilution in the [...]

Imperial announced today the successful completion of its previously announced sale of interests in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for CA $855 million. As a result of the sale, Imperial will record an after-tax earnings gain of between $475 million and $525 million in the second quarter of 2014.

Imperial's strong results in the first quarter underscore the competitiveness of our business model, which includes full value chain integration from upstream to refining to fuels marketing and chemicals. We focused on base business fundamentals, including safety, operational integrity, reliability and profitability. Execution continued on our upstream growth strategy, concentrated on Kearl production ramp up and [...]

Imperial announced at its annual meeting of shareholders held on April 24, 2014, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 14, 2014 were elected as directors. A total of 755,338,784 shares were represented in person or by proxy. The percentage of shares represented at the meeting that were voted in favour of the individual directors are set [...]

Imperial Oil Limited today declared a quarterly dividend of 13 cents per share on the outstanding common shares of the company, payable on July 1, 2014, to shareholders of record at the close of business on June 4, 2014. This second quarter 2014 dividend compares with the first quarter 2014 dividend of 13 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading [...]

Imperial Oil Limited has reached an agreement to sell its interest in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for approximately CA$855 million. The transaction is expected to close in May. Located in British Columbia and Alberta, the assets involved in the transaction produced about 15,000 oil-equivalent barrels per day in 2013 on a net [...]