Imperial Oil Ltd.

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Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Ltd., will host a 2022 Second Quarter Earnings Call on Friday, July 29, following the company's second 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 today announced that together with ExxonMobil Canada, it has entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada, for a total cash consideration of $1.9 billion . The sale is expected to close before the end of the third quarter 2022, subject to regulatory approvals. The sale completes the marketing effort announced in [...]

Imperial Oil Ltd. announced today that it has received final acceptance from the Toronto Stock Exchange for a normal course issuer bid to repurchase up to five percent of its 636,676,182 outstanding common shares as of June 15, 2022, or a maximum of 31,833,809 shares during the next 12 months. This maximum will be reduced by the number of shares purchased from Exxon Mobil Corp. , Imperial's majority shareholder, as [...]

Imperial Oil Ltd. and E3 Lithium announced today a collaboration to advance a lithium-extraction pilot in Alberta, exploring the redevelopment of an historic oil field into a potential new leading source of lithium for Canada's growing critical minerals industry. The pilot will support E3 Lithium's Clearwater project, which will draw lithium from under the Leduc oil field, Imperial's historic discovery that first launched [...]

Imperial Oil Ltd. announced today that it has taken up and paid for 32,467,532 common shares at a price of $77.00 per Share under Imperial's offer to purchase for cancellation up to $2.5 billion of its Shares. All amounts are in Canadian dollars. The Shares purchased represent an aggregate purchase of $2.5 billion and 4.9 percent of the total number of Imperial's issued and outstanding Shares as of the close of business [...]

Imperial Oil Ltd. announced today the preliminary results of its substantial issuer bid , pursuant to which Imperial offered to purchase for cancellation up to $2.5 billion of its common shares . The Offer proceeded by way of a modified Dutch auction, which had a tender price range from $62.00 per Share to $78.00 per Share, and included the option for shareholders to participate via a proportionate tender. The Offer [...]

Imperial Oil Ltd. announced at its annual meeting of shareholders held on May 3, 2022, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 16, 2022 were elected as directors. A total of 606,381,191 shares were represented in person or by proxy. The percentage of shares represented at the meeting that were voted to elect the individual directors are [...]

Imperial Oil Ltd. announced today the terms of its substantial issuer bid pursuant to which the company will offer to purchase for cancellation up to $2,500,000,000 of its common shares . Subject to obtaining certain exemptive relief under applicable securities laws in Canada and the United States, the Offer will proceed by way of a modified Dutch auction that includes the ability for shareholders to participate via a [...]

Imperial Oil Ltd. today declared a quarterly dividend of 34 cents per share on the outstanding common shares of the company, payable on July 1, 2022, to shareholders of record at the close of business on June 2, 2022. This second quarter 2022 dividend compares with the first quarter 2022 dividend of 34 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading [...]