Imperial Oil(IMO)

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Imperial Oil (IMO) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-05-02 15:00
Imperial Oil (IMO) reported $8.72 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 4.3%. EPS of $1.75 for the same period compares to $1.65 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $11.11 billion, representing a surprise of -21.51%. The company delivered an EPS surprise of +15.13%, with the consensus EPS estimate being $1.52.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...
Imperial Oil (IMO) Tops Q1 Earnings Estimates
ZACKS· 2025-05-02 14:10
Imperial Oil (IMO) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.13%. A quarter ago, it was expected that this oil and gas and petroleum products company would post earnings of $1.42 per share when it actually produced earnings of $1.69, delivering a surprise of 19.01%.Over the l ...
Imperial Oil(IMO) - 2025 Q1 - Quarterly Results
2025-05-02 12:00
Financial Performance - Net income for Q1 2025 was $1,288 million, an increase of $93 million from Q1 2024, with diluted earnings per share rising to $2.52 from $2.23[3] - Total revenues for Q1 2025 were CAD 12,517 million, an increase from CAD 12,283 million in Q1 2024, representing a growth of 1.9%[39] - Net income for Q1 2025 was CAD 1,288 million, compared to CAD 1,195 million in Q1 2024, reflecting an increase of 7.8%[39] - Earnings per share (diluted) for Q1 2025 were CAD 2.52, up from CAD 2.23 in Q1 2024, indicating a growth of 13.0%[39] - Total expenses for Q1 2025 were CAD 10,829 million, slightly up from CAD 10,711 million in Q1 2024, indicating a 1.1% increase[62] Cash Flow and Dividends - Cash flows from operating activities were $1,527 million, up from $1,076 million in Q1 2024, while cash flows excluding working capital increased to $1,760 million from $1,521 million[11] - The company returned $307 million to shareholders through dividends in Q1 2025, with a declared second quarter dividend of $0.72 per share[7] - Dividends declared on common stock increased to CAD 367 million in Q1 2025 from CAD 321 million in Q1 2024, representing a growth of 14.3%[39] - Free cash flow for Q1 2025 was CAD 1,150 million, significantly higher than CAD 595 million in Q1 2024, representing a 93% increase[58] Production and Operations - Upstream production averaged 418,000 gross oil-equivalent barrels per day, with Kearl production at 256,000 barrels per day, down from 277,000 barrels per day in Q1 2024 due to extreme cold weather[11] - Downstream throughput averaged 397,000 barrels per day, with refinery capacity utilization at 91%, down from 94% in Q1 2024 due to additional maintenance[22] - Gross crude oil production for Q1 2025 was 413,000 barrels per day, slightly down from 416,000 barrels per day in Q1 2024[46] Capital Expenditures and Projects - Capital and exploration expenditures totaled $398 million, a decrease from $496 million in Q1 2024[11] - Capital and exploration expenditures for Q1 2025 totaled CAD 398 million, down from CAD 496 million in Q1 2024, a decrease of 19.8%[44] - Construction of Canada's largest renewable diesel facility at the Strathcona refinery is on track for startup in mid-2025[4] - The Leming SAGD project is expected to start up in late 2025, with anticipated peak production of around 9,000 barrels per day[11] Asset and Debt Management - Total assets as of March 31, 2025, were CAD 43,889 million, an increase from CAD 42,513 million in the previous year[39] - Total debt decreased to CAD 4,006 million from CAD 4,127 million year-over-year, showing a reduction of 2.9%[39] Cost Management - Cash operating costs for Q1 2025 were CAD 1,947 million, compared to CAD 1,911 million in Q1 2024, reflecting a 1.9% increase[64] - Unit cash operating cost for the Upstream segment in Q1 2025 was CAD 31.31 per oil-equivalent barrel, up from CAD 31.04 in Q1 2024[66] - The Upstream segment's cash operating costs were CAD 1,178 million in Q1 2025, down from CAD 1,189 million in Q1 2024, showing a decrease of 0.9%[64] - The Downstream segment's cash operating costs increased to CAD 631 million in Q1 2025 from CAD 583 million in Q1 2024, a rise of 8.2%[64] Miscellaneous - Chemical net income for the quarter was $31 million, down from $57 million in Q1 2024[11] - There were no identified items impacting net income in Q1 2025 and Q1 2024, providing a clearer view of operational performance[60] - The company reported proceeds from asset sales of CAD 11 million in Q1 2025, up from CAD 4 million in Q1 2024[58] - The company plans to renew its normal course issuer bid in June 2025[6]
Unlocking Q1 Potential of Imperial Oil (IMO): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2025-04-30 14:20
In its upcoming report, Imperial Oil (IMO) is predicted by Wall Street analysts to post quarterly earnings of $1.48 per share, reflecting a decline of 10.3% compared to the same period last year. Revenues are forecasted to be $11.11 billion, representing a year-over-year increase of 21.9%.The consensus EPS estimate for the quarter has been revised 7.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates dur ...
Analysts Estimate Imperial Oil (IMO) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2025-04-25 15:06
Wall Street expects a year-over-year decline in earnings on higher revenues when Imperial Oil (IMO) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 2. On the ...
Imperial Oil: A Canadian Cannibal, With Constant Share Repurchases
Seeking Alpha· 2025-03-12 09:42
I last covered Imperial Oil (NYSE: IMO ) in 2022, here . I noted back then that cash was expected to keep gushing out of IMO’s operations, and that such cash, given limited options for expansion (or debt to be repaid), was going to beStriving to compound knowledge. Long-time fan of Warren and Charlie. Always invert. "To finish first, you must first finish". Investing own and family funds for +20 years. Senior finance roles at public and private corporations for most of that time.Analyst’s Disclosure: I/we h ...
Why Investors Should Consider Holding Imperial Oil Stock Now
ZACKS· 2025-03-07 13:20
Imperial Oil Limited (IMO) , a significant player in Canada’s energy sector, is renowned for its involvement in the exploration, production and sale of crude oil and natural gas. As a subsidiary of Exxon Mobil Corporation (XOM) , IMO not only plays a vital role within Canada’s energy industry but also holds a strong position on the global stage. The company’s diverse operations span upstream exploration, downstream refining and an expanding chemicals division, highlighting its comprehensive presence in the ...
Imperial Oil (IMO) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-03-05 18:01
Imperial Oil (IMO) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earnings ...
Are Oils-Energy Stocks Lagging Imperial Oil (IMO) This Year?
ZACKS· 2025-03-05 15:41
Core Viewpoint - Imperial Oil (IMO) is currently outperforming the Oils-Energy sector, with a year-to-date gain of 6.6% compared to the sector's average return of -1.8% [4]. Group 1: Company Performance - Imperial Oil is ranked 2 (Buy) in the Zacks Rank, indicating a positive earnings outlook [3]. - The Zacks Consensus Estimate for Imperial Oil's full-year earnings has increased by 15.5% over the past three months, reflecting improving analyst sentiment [3]. - The company belongs to the Oil and Gas - Integrated - Canadian industry, which is currently ranked 88 in the Zacks Industry Rank, with its stocks losing about 8.3% year-to-date [5]. Group 2: Sector Comparison - The Oils-Energy group, which includes 247 companies, is currently ranked 8 within the Zacks Sector Rank [2]. - NextDecade (NEXT), another Oils-Energy stock, has returned 0.7% year-to-date, indicating it has also outperformed the sector [4][6]. - The Oil and Gas - Production Pipeline - MLB industry, to which NextDecade belongs, is ranked 4 and has moved -0.9% year-to-date [6].
Imperial Oil(IMO) - 2024 Q4 - Annual Report
2025-02-19 21:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-12014 IMPERIAL OIL LIMITED (Exact name of registrant as specified in its charter) (Address of principal executive offices) (Postal Code) 1-800-567 ...