Imperial Oil

IMO

Market cap $47.8B

IMO's partnership with ExxonMobil and cost-saving efforts support growth, but high capital spending, energy transition risks, and commodity price volatility are concerns.

IMO outlines its 2026 strategy, targeting higher cash flow, rising production at Kearl and Cold Lake, and disciplined capital spending to boost returns.

Canada's Imperial Oil said on Monday it plans to increase capital spending and upstream production in 2026 as it doubles down on higher-return oil sands projects, aiming to lower costs and generate stronger cash flow.

CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) today provided its corporate guidance outlook for 2026. The company's strategy remains focused on maximizing the value of its existing assets and progressing advantaged high-value growth opportunities while delivering industry-leading returns to shareholders. “Our 2026 plan builds on Imperial's strong foundation and positions the company to structurally increase cash flow, by progressing towards volume and unit cash cost.

The current supply-demand situation for crude oil shows a market that is well supplied. So well supplied in fact, that oil prices have sunk below $60 per barrel.

Imperial Oil is a vertically integrated energy company operating in Canada. Its approach provides reliable long-term growth. Having both upstream and downstream operations means results can vary widely, but eventually often evens out. The balance sheet is healthy with little long-term debt, meaning most excess capital can flow to shareholders instead.

IMO shows strong production, progress in lower-emission projects, ExxonMobil-backed advantages and integrated stability, while chemical softness, tech delays and price-driven cash flow risks remain.

IMO posts Q3 earnings beat but revenue miss as lower price realizations offset higher production volumes.

Imperial Oil Limited ( IMO:CA ) Q3 2025 Earnings Call October 31, 2025 11:00 AM EDT Company Participants Peter Shaw - Vice President of Investor Relations John Whelan - Chairman, President & CEO D. Lyons - Senior VP of Finance & Administration and Controller Cheryl Gomez-Smith - Senior Vice President of Upstream Conference Call Participants Manav Gupta - UBS Investment Bank, Research Division Greg Pardy - RBC Capital Markets, Research Division Dennis Fong - CIBC Capital Markets, Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Presentation Operator Good day, and welcome to the Imperial Oil Third Quarter 2025 Earnings Call.

Imperial Oil (IMO) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.71 per share a year ago.