Imperial's Shares Gain 16% YTD: Should You Buy or Wait for Now?
IMO's solid financial growth and strategic projects offer stability, but high capital expenditures and market volatility pose risks to future performance.
Imperial Oil Issues C$1.9-C$2.1 Billion Capex Guidance for 2025
IMO's C$1.9-C$2.1 billion capital investment plan is projected to drive growth and maximize asset value.
Imperial Oil forecasts higher production for 2025
Canada's Imperial Oil forecast higher crude production in 2025 on Thursday, as it expects to ramp up output from existing oil sands assets.
Imperial Oil reports biomass spill into St. Clair River in Ontario
Imperial Oil Ltd on Tuesday said it is currently managing a minor biomass spill into the St. Clair River from its water treatment plant in Ontario, Canada.
Imperial Oil fined for 2021 slop oil spill
The Ontario government fined Imperial Oil C$900,000 ($641,391) for a slop oil leak into a tank containment area at its Sarnia site in 2021 that had an adverse effect on people.
Imperial Oil Earnings Surpass Estimates in Q3, Revenues Miss
IMO expects a capital spending budget of C$1.7 billion for 2024, with the Upstream segment's production expected at 420,000-442,000 gross oil-equivalent barrels per day.
Imperial Oil: Not The Cheapest Candidate Around
Imperial Oil's Q3 2024 results showed revenue below expectations, but earnings per share exceeded estimates, despite lower energy prices and weak refining margins. The stock appears cheap compared to most industries, but is pricey relative to other large integrated energy businesses, justifying a 'hold' rating. The company continues to buy back stock and pay dividends, with significant allocations over the past three years.
Imperial Oil Limited (IMO) Q3 2024 Earnings Call Transcript
Imperial Oil Limited (NYSE:IMO ) Q3 2024 Earnings Conference Call November 1, 2024 11:00 AM ET Company Participants Peter Shaw - VP, IR Brad Corson - Chairman, President and CEO Dan Lyons - SVP, Finance and Administration Sherri Evers - SVP, Sustainability, Commercial Development and Product Solutions Cheryl Gomez-Smith - SVP, Upstream Conference Call Participants Manav Gupta - UBS Menno Hulshof - TD Securities Greg Pardy - RBC Capital Markets Doug Leggate - Wolfe Research Travis Wood - National Bank Financial Neil Mehta - Goldman Sachs Operator Good day. And welcome to the Imperial Oil Third Quarter 2024 Earnings Call.
Imperial Oil (IMO) Beats Q3 Earnings Estimates
Imperial Oil (IMO) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $2.06 per share a year ago.
Imperial Oil to Report Q3 Earnings: What's in Store for the Stock?
IMO is expected to report lower revenues compared with the previous quarter. However, bottom line is anticipated to have be improved due to decreasing costs.
Earnings Preview: Imperial Oil (IMO) Q3 Earnings Expected to Decline
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's Shares Gain 16% YTD: Should You Buy or Wait for Now?
With shares up 16% YTD and solid financials, IMO stock looks promising. Yet, oil price volatility and capital spending risks call for caution.
