IMO Stock Recent News

CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) today announced its Grand Rapids oil sands project has started production at Cold Lake, marking the first commercial deployment of the recovery technology that uses less steam to lower emissions intensity. The project, located at Imperial's Cold Lake operating site, is expected to reduce greenhouse gas emissions intensity by up to 40 percent compared to existing processes in use. The technology, known as solvent-assisted.

Imperial (IMO) expects production in the band of 420,000-442,000 barrels per day and 385,000-400,000 in the Upstream and Downstream segments, respectively, with capacity utilization of 89-92% for 2024.

Imperial Oil (IMO) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $1.58 per share a year ago.

Imperial Oil (IMO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Imperial (IMO) plans a three-month shutdown of the Winnipeg pipeline for repairs due to integrity concerns, prompting fuel supply management measures in Manitoba.

Imperial (IMO) expects production in the band of 420,000-442,000 barrels per day and 385,000-400,000 in the Upstream and Downstream segments, respectively, with capacity utilization of 89-92%.

Imperial Oil Limited (IMO) Q4 2023 Earnings Call Transcript

Imperial Oil (IMO) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $2.11 per share a year ago.

Canadian integrated oil firm Imperial Oil reported a fall in fourth-quarter profit on Friday, on lower oil prices and as maintenance activities hit throughput volumes.

Strength in upstream production is likely to have impacted the fourth-quarter earnings of Imperial Oil (IMO), only to be offset by weakness in its downstream segment.