Last $45.87 USD
Change Today -0.34 / -0.74%
Volume 169.5K
IMO On Other Exchanges
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As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

imperial oil ltd (IMO) Snapshot

Open
$46.23
Previous Close
$46.21
Day High
$46.32
Day Low
$45.64
52 Week High
07/9/14 - $54.09
52 Week Low
01/31/14 - $40.20
Market Cap
38.9B
Average Volume 10 Days
245.6K
EPS TTM
--
Shares Outstanding
847.6M
EX-Date
09/2/14
P/E TM
--
Dividend
$0.53
Dividend Yield
1.04%
Current Stock Chart for IMPERIAL OIL LTD (IMO)

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imperial oil ltd (IMO) Details

Imperial Oil Limited is engaged in the exploration for, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment is involved in the exploration and production of crude oil, natural gas, synthetic oil, and bitumen. Its primary conventional oil producing asset is the Norman Wells oil field in the Northwest Territories. The Downstream segment is engaged in the transportation and refining of crude oil, as well as blending, distribution, and marketing of refined products. The Chemical segment is involved in the manufacture and marketing of various petrochemicals, including ethylene, benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resins. As of December 31, 2013, Imperial Oil Limited had 1,509 million oil-equivalent barrels of proved undeveloped reserves. It also maintains a distribution system, including 22 primary terminals to handle bulk and packaged petroleum products moving from refineries to market by pipeline, tanker, rail, and road transport; and owns and operates natural gas liquids and products pipelines in Alberta, Manitoba, and Ontario, as well as holds interests in crude oil and products pipeline companies. In addition, the company sells petroleum products to motoring public through approximately 1,700 Esso retail service stations, of which approximately 470 were company owned or leased; and serves agriculture, residential heating, and small commercial markets through 28 branded agents and resellers, as well as sells petroleum products to industrial and commercial accounts, and other refiners and marketers. The company was founded in 1880 and is headquartered in Calgary, Canada. Imperial Oil Limited is a subsidiary of Exxon Mobil Corporation.

5,300 Employees
Last Reported Date: 02/26/14
Founded in 1880

imperial oil ltd (IMO) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: C$590.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: C$454.7K
Senior Vice President of Upstream
Total Annual Compensation: C$502.3K
Vice-President of Fuels, Lubricants and Speci...
Total Annual Compensation: C$402.7K
Compensation as of Fiscal Year 2013.

imperial oil ltd (IMO) Key Developments

Kinder Morgan Energy Partners L.P. Announces Joint Venture with Imperial Oil Limited

Kinder Morgan Energy Partners L.P. announced that its 50-50 joint venture with Imperial Oil Limited has entered into additional firm take-or-pay agreements with strong, creditworthy oil company majors sufficient to allow a planned expansion project to move forward by adding incremental capacity of 110,000 bbls per day at the Edmonton Rail Terminal. The terminal is now almost a year into construction. The Edmonton Rail Terminal will increase its capacity at startup in the first quarter of 2015 to over 210,000 bbls per day and potentially up to 250,000 bbls a day. The terminal will be connected via pipeline to Kinder Morgans adjacent Edmonton storage terminal and will be capable of sourcing all crude streams handled by Kinder Morgan for delivery by rail to North American markets and refineries. Including the addition of the expanded capacity, Kinder Morgans investment in the project now totals approximately $232 million.

Imperial Oil Limited Declares Dividend for the Third Quarter of 2014, Payable on October 1, 2014

Imperial Oil Limited declared a quarterly dividend of 13 cents per share on the outstanding common shares of the company, payable on October 1, 2014, to shareholders of record at the close of business on September 4, 2014. This third quarter 2014 dividend compares with the second quarter 2014 dividend of 13 cents per share.

Imperial Oil Ltd. Reports Financial and Operating Results for the Second Quarter and Six Months Ended June 30, 2014

Imperial Oil Ltd. reported financial and operating results for the second quarter and six months ended June 30, 2014. The company's net income for the second quarter of 2014 was $1,232 million or $1.45 per share on a diluted basis, compared with $327 million or $0.38 per share for the same period last year. Cash flow generated from operating activities was $999 million in the second quarter, versus $738 million in the corresponding period in 2013. Higher cash flow was primarily due to higher earnings partially offset by working capital effects. Additions to property, plant and equipment were $1,295 million in the second quarter, compared with $1,616 million during the same quarter in 2013. Expenditures during the quarter were primarily directed towards the advancement of Kearl expansion and Cold Lake Nabiye projects. Total revenues and other income was $10,049,000 against $7,958,000 for the same period of last year. Income before income taxes was $1,646,000 against $432,000 for the same period of last year. For the six months, net income totalled $2,178 million, up from $1,125 million in the prior year. Net income per common share on a diluted basis was $2.56 compared to $1.32 in 2013. Cash generated from operations was $2,084 million, versus $1,335 million in 2013. Total revenues and other income was $19,275,000 against $15,972,000 for the same period of last year. Income before income taxes was $2,906,000 against $1,502,000 for the same period of last year. The company's average realizations from the sales of synthetic crude oil increased about 11% in the second quarter of 2014 to $111.95 per barrel versus $100.97 per barrel in the second quarter of 2013. The increased realizations reflected increases in West Texas Intermediate (WTI) crude oil benchmark price, which was up about 9%, and the impact of a weaker Canadian dollar. The company's average bitumen realizations in Canadian dollars in the second quarter were $75.92 per barrel versus $65.66 per barrel in the second quarter of 2013 as the price spread between light crude oil and bitumen narrowed. The company's average realizations on natural gas sales of $4.08 per thousand cubic feet in the second quarter of 2014 were higher by $0.58 per thousand cubic feet versus the same period in 2013. Gross production of Cold Lake bitumen averaged 138,000 barrels per day in the second quarter, down from 144,000 barrels in the same period last year. Lower volumes were primarily due to planned maintenance activities at the Mahihkan facilities. The planned maintenance activities were completed and the plant returned to normal operations at the beginning of the third quarter. Gross production from the Kearl initial development in the second quarter was 73,000 barrels per day (52,000 barrels Imperial's share) up from 70,000 barrels per day (50,000 barrels Imperial's share) during the first quarter of 2014. April production was significantly lower than the quarterly average due to planned maintenance and reliability improvement repairs. Production growth resumed throughout the rest of the quarter, averaging 85,000 barrels per day (60,000 barrels Imperial's share) in June. The company's share of Syncrude's gross production in the second quarter was 51,000 barrels per day, down from 68,000 barrels in the second quarter of 2013. Higher planned and unplanned maintenance activities were the main contributor to the lower production. The maintenance activities were completed and one of the impacted coker units returned to normal operations during the quarter while the second impacted coker unit returned to normal operations at the beginning of the third quarter. Gross production of conventional crude oil averaged 18,000 barrels per day in the second quarter, versus 22,000 barrels in the corresponding period in 2013. On May 1, 2014, the company completed the sale of its interests in conventional oil and gas assets located in Boundary Lake, Cynthia/West Pembina and Rocky Mountain House in western Canada. The lower production volume was primarily the impact of divested properties. Gross production of natural gas during the second quarter of 2014 was 158 million cubic feet per day, down from 204 million cubic feet in the same period last year, reflecting the impact of divested properties. The company's average realizations from the sale of synthetic crude oil increased about 11% in the first six months of 2014 to $108.76 per barrel versus $98.39 per barrel in the corresponding period last year. The increased realizations reflected the increase in the WTI crude oil benchmark price, which was up about 7%, and the impact of a weaker Canadian dollar. The company's average bitumen realizations in Canadian dollars for the six months year-to-date in 2014 were $70.79 per barrel versus $54.03 per barrel in the same period in 2013 as the price spread between light crude oil and bitumen narrowed. The company's average realizations on natural gas sales of $5.49 per thousand cubic feet in the first six months of 2014 were higher by $1.99 per thousand cubic feet versus the same period in 2013. Gross production of Cold Lake bitumen averaged 142,000 barrels per day in the first six months, down from 154,000 barrels from the same period last year. Lower volumes were primarily due to the cyclic nature of steaming and associated production and the impacts of several unplanned third-party power outages in the first quarter and planned maintenance activities in the second quarter. Gross production from the Kearl initial development in the first six months of 2014 was 72,000 barrels per day (51,000 barrels Imperial's share). During the first six months of 2014, the company's share of gross production from Syncrude averaged 62,000 barrels per day, down from 67,000 barrels from the same period of 2013. Higher maintenance activities were the main contributor to the lower volumes. Gross production of conventional crude oil averaged 20,000 barrels per day in the first half of 2014, unchanged from the same period in 2013. Gross production of natural gas during the first six months of 2014 was 181 million cubic feet per day, down from 195 million cubic feet in the same period last year. The lower production volume was primarily the impact of divested properties.

 

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Industry Analysis

IMO

Industry Average

Valuation IMO Industry Range
Price/Earnings 10.7x
Price/Sales 1.2x
Price/Book 1.9x
Price/Cash Flow 8.4x
TEV/Sales 1.0x
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