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Imperial Oil Ltd T.IMO

Alternate Symbol(s):  IMO

Energy Oil & Gas Integrated
Imperial Oil Limited is an integrated oil company. It is engaged in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil and natural gas. In Canada, it is a producer of crude oil, a petroleum refiner, a marketer of petroleum products, and a producer of petrochemicals. Its segments include Upstream operations, which include the exploration for, and production of, crude oil, natural gas, synthetic crude oil and bitumen; Downstream operations, which consist of the transportation and refining of crude oil, blending of refined products and the distribution and marketing of those products; and Chemical operations, which consist of the manufacturing and marketing of various petrochemicals. Its operations include Cold Lake, Kearl, Nanticoke, Sarnia and Strathcona refinery. Its products and services include Asphalt, Chemical products, Esso and Mobil stations, Esso Commercial Cardlocks, Lubricants, Safety Data Sheets and others.


TSX:IMO - Post by User

Imperial Oil Ltd
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Post by Betteryear2on Feb 01, 2022 8:16am
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Post# 34383574

2021 financial and operating results

2021 financial and operating results

 

  • Fourth quarter net income of $813 million with cash flow from operating activities of $1,632 million and free cash flow¹ of $1,233 million
  • Highest annual Upstream production in over 30 years, underpinned by record annual Kearl production and continued strong production performance at Cold Lake
  • Continued fuel demand recovery with full-year Downstream refinery capacity utilization of 89 percent
  • Highest full-year Chemical earnings in over 30 years
  • Record shareholder returns of nearly $3 billion in 2021 through dividend payments and share repurchases under the company’s normal course issuer bid program
  • Quarterly dividend increased by 26 percent from 27 cents to 34 cents per share
  • Announced plans for 2030 oil sands greenhouse gas emission intensity reduction in support of its goal to achieve net zero emissions in its operated oil sands assets by 2050

Imperial Oil Limited (TSE: IMO, NYSE American: IMO):


https://www.businesswire.com/news/home/20220201005385/en/

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