Imperial Oil Ltd. announced today that 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 50,000 common shares to up to four percent of its 734,076,755 outstanding common shares as of June 15, 2020, or a maximum of [...]
Imperial Oil Ltd. today declared a quarterly dividend of 27 cents per share on the outstanding common shares of the company, payable on July 1, 2021, to shareholders of record at the close of business on June 3, 2021. This second quarter 2021 dividend compares with the first quarter 2021 dividend of 22 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading [...]
Imperial Oil Ltd. : Net income of $392 million in the first quarter of 2021 Cash flows from operating activities of over $1 billion in the first quarter Improved financial performance across all business segments compared to the fourth quarter Highest first quarter Upstream production in 30 years, driven by record gross production at Kearl Imperial reinstates significant share purchase program with plans to purchase up to [...]
Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Ltd., will host a 2021 First Quarter Earnings Call on Friday, April 30, following the company's first quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks prior to taking questions from [...]
Imperial Oil Ltd. today declared a quarterly dividend of 22 cents per share on the outstanding common shares of the company, payable on April 1, 2021, to shareholders of record at the close of business on March 2, 2021. This first quarter 2021 dividend compares with the fourth quarter 2020 dividend of 22 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading [...]
Imperial Oil Ltd. : Fourth quarter net loss of $1,146 million, which includes a non-cash impairment charge of $1,171 million Cash generated from operations in the fourth quarter of $316 million, which includes unfavourable working capital effects of $218 million Highest quarterly upstream production in 30 years, driven by record production at Kearl Exceeded full-year cost reduction targets, with production and [...]
Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Ltd., will host a 2020 Fourth Quarter Earnings Call on Tuesday, February 2, following the company’s fourth quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks prior to taking questions from [...]
Following annual review of its company business and strategic plan, Imperial has re-assessed the long-term development plans of its unconventional portfolio in Alberta, Canada and no longer plans to develop a significant portion of this portfolio. The decision not to develop these assets will result in a non-cash, after-tax charge of approximately $0.9 billion to $1.2 billion in the company’s fourth quarter 2020 results [...]
Imperial announced today Theresa Redburn, Senior Vice-President, Commercial and Corporate Development has announced her intention to retire on January 1, 2021 after 35 years of service. The company also announced Sherri Evers has been appointed as Vice-President, Commercial and Corporate Development, effective January 1, 2021. Evers is currently Fuels Manager, Central and Eastern Canada. This press release features [...]
Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Ltd., will host the company's 2020 Investor Day on Thursday, November 19. The event begins at 8 a.m. MT and will be accessible by webcast. At Investor Day, Imperial's management team will provide an update on the company’s operations and business strategy, followed by a question-and-answer [...]
Imperial Oil Ltd. today declared a quarterly dividend of 22 cents per share on the outstanding common shares of the company, payable on January 1, 2021, to shareholders of record at the close of business on December 3, 2020. This fourth quarter 2020 dividend compares with the third quarter 2020 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 earnings of $3 million in the quarter, up significantly from the second quarter Exceeding previously announced capital and expense reduction targets Year-to-date production and manufacturing expenses $813 million below the same period of 2019 Full-year 2020 capital expenditures now expected to be about $900 million Cash flow generated from operating activities of $875 million Cash balance of $817 [...]
+16,39 %
+0,68 %
0,00 %
-77,24 %