earnings
confidence high
sentiment positive
materiality 0.80
Imperial Oil Q2 net income surges to $2.19B from $949M; plans to accelerate share buybacks
IMPERIAL OIL LTD
- Net income of $2,190M ($4.52 diluted EPS) vs $949M ($1.86) in Q2 2025; cash from ops $2,704M.
- Upstream production 414,000 boe/d; Kearl gross 257,000 bbl/d (Imperial share 182,000), Cold Lake 149,000.
- Downstream throughput 331,000 bbl/d, capacity utilization 76%; guidance cut to 370-380 mbbl/d and 85-88%.
- Renewed NCIB to repurchase up to 5% of shares (max 24.2M shares); plans to complete before year-end.
- Signed non-binding MOU with Canada, Alberta, and Oil Sands Alliance for regulatory reforms and fiscal measures.