Imperial Oil receives TSX approval to repurchase up to 5% of shares over 12 months

IMPERIAL OIL LTD

NCIB allows repurchase of up to 24,179,635 common shares (5% of 483,592,715 outstanding as of June 15, 2026).
Program runs from June 29, 2026 to June 28, 2027; daily open-market limit is 211,756 shares (25% of avg volume).
ExxonMobil, holding ~69.6%, will sell to Imperial under the NCIB to maintain its proportional ownership.
Prior NCIB (completed Dec 17, 2025) repurchased 25,452,248 shares at total cost of ~$3,180M (avg $124.93).
Automatic share purchase plan established to allow purchases during blackout periods.

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