Imperial Oil restructures to centralize activities, targets $150M annual savings by 2028

IMPERIAL OIL LTD

Expects $150M annual expense savings by 2028; employee roles to reduce ~20% by end of 2027.
One-time pre-tax restructuring charge of ~$330M in Q3 2025.
FY 2025 guidance unchanged; aims to meet/beat medium-term production and unit cost targets for Kearl and Cold Lake.
Restructuring leverages ExxonMobil technology and global capability centres to drive long-term productivity and revenue growth.

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