Imperial Oil has regularly given extra cash back to its shareholders by buying back shares. The company has made great progress in cutting costs, with cash costs per barrel falling below $20 and aiming for $18 for its main asset, Kearl. Production is increasing, with a forecast of 445 kbpd by 2025, thanks to ongoing enhancements at Kearl and some expansion projects.
IMO's solid growth in production and dividends looks encouraging, but there are risks to consider, such as falling income, challenges in refining, and market fluctuations. Therefore, investors should be careful.
Imperial Oil (IMO) could see an increase in its stock price due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).
This is a comparison of how Imperial Oil (IMO) and NextDecade (NEXT) have done in relation to their industry this year.
The financial results for Imperial Oil (IMO) provide an overview of its performance for the quarter ending in December 2024. It may be helpful to compare some important figures with Wall Street predictions and the values from the same period last year.
Imperial Oil (IMO) reported quarterly earnings of $1.69 per share, which is higher than the Zacks Consensus Estimate of $1.42 per share. This is a decrease compared to earnings of $1.81 per share from the same period last year.
Imperial Oil has reliably produced steady results even with the ups and downs of the energy sector, making it an appealing option for investors looking for income. The company has a strong history, with a 22.42% compound annual growth rate (CAGR) in dividends over the last five years and a projected annual yield of 2.37%. Additionally, IMO's stock price has been steadily rising, surpassing its competitors thanks to its efficient operations and consistent growth.
Imperial Oil (IMO) lacks the necessary elements that could lead to a strong earnings report in the near future. Be ready for the main expectations.
IMO has solid financials and is experiencing production growth, which is encouraging. However, risks such as changes in commodity prices and high capital costs could restrict its progress.
CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, the chairman, president, and CEO, along with Peter Shaw, the vice-president of investor relations at Imperial Oil Limited, will lead a call to discuss the company's fourth quarter earnings on Friday, January 31. This call will take place at 9 a.m. MT, right after the earnings report is released that morning, and will be available via webcast. Mr. Corson will start with some comments before answering questions from participants.