CA4530384086 - Common Stock
IMO stock results show that Imperial Oil beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.
Imperial Oil (IMO) reported better than expected Q4 earnings and revenues, as lower refining volumes were offset by upstream production increases.
Imperial Oil's Q4 financials show a decline in net income due to lower commodity prices, resulting in GAAP EPS of C$2.47.
Exxon Mobil (IMO) declares CAD 0.60/share quarterly dividend, 20% increase from prior dividend of CAD 0.50. Payable April 1; for shareholders of record March 4;
Artem_Egorov/iStock via Getty Images Imperial (NYSE:IMO) said Monday it has set a capital spending budget of C$1.7 billion for 2024.
Canada's government unveils a draft framework for a cap-and-trade system on oil and gas emissions, sparking strong opposition from Alberta Premier Danielle Smith.
Imperial Oil beats Q3 earnings expectations and announces a stock buyback program of as much as C$1.5B.
Imperial Oil press release (IMO): Q2 GAAP EPS of C$1.15.Revenue of C$11.82B (-31.7% Y/Y).Lower net income is primarily driven by lower commodity prices and increased planned...
ValueTheMarkets News Commentary: The global hydrocarbon market is inherently volatile. Faced with fluctuating oil prices, geopolitical tensions, and shifting consumer demands, hydrocarbon companies are dealing with an array of formidable challenges. Now it’s time to zoom in on unique opportunities as many of the traditional fossil fuel giants find growth opportunities are restricted to diversification into costly renewables. These legacy players like Occidental Petroleum Corporation (NYSE: OXY), Hess Corporation (NYSE: HES), and Imperial Oil Limited (TSX: IMO) (NYSEAMERICAN: IMO) are responding to market volatility with a commitment to sustainability, efficiency, and meeting the evolving energy needs of consumers. This is all well and good, but the upside opportunity is limited.
Investors would be smart to sell their stakes in these energy stocks to sell before the situation gets any worse.
TC Energy (TRP) is cutting an unspecified number jobs to "optimize value," Reuters reported, citing a company spokesperson.
With investors needing to account for multiple variables, these best sleep-well-at-night stocks may provide much-needed relief.
Canada's federal environment ministry said it opened a formal investigation into the tailings leak at Imperial Oil's (IMO) Kearl oil sands mine in Alberta.