Imperial Oil Limited (IMO) Research

Imperial Oil Limited (IMO) is a Canadian energy company primarily engaged in the discovery, extraction, and commercialization of crude oil and natural gas. Its operations are structured into three main divisions: Upstream, Downstream, and Chemical. The Upstream segment is dedicated to exploring for and producing various hydrocarbons, including crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this division reported 386 million oil-equivalent barrels in proven undeveloped reserves. The Downstream segment oversees the transportation and refinement of crude oil, the blending of refined petroleum products, and their subsequent distribution and marketing. It employs a diverse transportation network, including contracted and common carrier pipelines, as well as rail, to move crude oil to its refineries. For product distribution, it utilizes pipelines, tankers, rail, and road transport, and owns and operates fuel terminals, natural gas liquids facilities, and product pipelines in Alberta, Manitoba, and Ontario. This segment also supplies petroleum products to the general public through roughly 2,400 Esso and Mobil-branded retail locations. Additionally, it sells a variety of petroleum products, such as fuel, asphalt, and lubricants, to industrial and transportation clients, independent marketers, and resellers, catering to the agriculture, residential heating, and commercial markets via branded distributors. The Chemical segment focuses on manufacturing and commercializing a range of petrochemicals, including benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin. Imperial Oil has also formed a strategic alliance with E3 Metals Corp. to advance a lithium-extraction pilot project in Alberta. The company was founded in 1880, is headquartered in Calgary, Canada, and functions as a subsidiary of Exxon Mobil Corporation.

Market snapshot

Symbol
IMO
Price
$112.55
Day change
-1.44%
Market cap
$76.5B
P/E ratio
24.46x
52-week range
77.2-139.44
Sector
Energy
Industry
Oil & Gas Integrated
Next earnings
in 1 month
Analyst price target
$44.99

Recent news

  • IMO definition of Brazil corn ethanol carbon footprint a landmark step, producers say

    The International Maritime Organization's decision defining Brazilian corn ethanol's carbon footprint is a landmark step that could position maritime transport as ​a major future market for the sector, industry executives told Reuters.

  • Alberta court fines Imperial Oil for Kearl spill breach

    Canada's Imperial Oil was fined C$120,000 ($85,849.19) after pleading guilty in an Alberta court to ​breaching environmental regulations tied to an industrial ‌wastewater overflow at its Kearl oil sands site, the province's energy regulator said on Thursday.

  • Zscaler, AutoZone, And Regencell Are Among Top 10 Large-Cap Losers Last Week (May 25-May 29): Are The Others In Your Portfolio?

    Weak guidance, analyst target cuts and declining energy prices weighed on Zscaler, AutoZone, PDD Holdings and other large-cap stocks, making them last week's biggest losers.

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