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United States

Imperial Oil Ltd (IMO.TO)

IMO.TO on Toronto Stock Exchange

44.70CAD
2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Imperial reports $181 million loss in Q2 2016
Friday, 29 Jul 2016 07:30am EDT 

Imperial Oil Ltd : Imperial reports $181 million loss in second quarter of 2016 . Q2 loss per share c$0.21 . Quarterly total revenue and other income $6,248 million versus $7,301 million . Imperial's Q2 results were significantly impacted by wildfires in Fort Mcmurray, Alberta area . Completed major planned maintenance at two refineries, reducing throughput 163,000 barrels per day in quarter . Imperial's Q2 results significantly impacted by major planned maintenance activities at two refineries and oil sands mines . Quarterly refinery throughput averaged 246,000 barrels per day, compared to 373,000 barrels in Q2 of 2015 . Syncrude production averaged 18,000 barrels per day in Q2(Imperial's share), compared to 52,000 barrels per day . Wildfire and planned maintenance impacts reduced syncrude production by an estimated 54,000 barrels per day in Q2 . Kearl production was shutdown periodically in May due to inbound,outbound pipeline constraints; syncrude operations halted in early May . Imperial says wildfires reduced production by 60,000 barrels per day and net income by $170 million in Q2 . Operations in quarter were further impacted by planned maintenance activities at kearl, syncrude and at Strathcona and Nanticoke refineries . "although our facilities were not damaged by wildfires, operationally both kearl and syncrude were significantly impacted".  Full Article

Total Net Generation for Imperial Oil's Kearl down at 0 MW - AESO
Tuesday, 5 Jul 2016 06:23am EDT 

Alberta Electric System Operator(AESO): Total net generation for Kearl (IOR3) cogeneration unit in Alberta now at 0 MW - AESO Source: The Alberta Electric System Operator (http://bit.ly/Wc5xWz) Related: FACTBOX-Power output edges lower in fire-ravaged Alberta oil sands [nL1N19N0DH] (Reporting by Harshith Aranya in Bengaluru) ((Harshith.Aranya@thomsonreuters.com; Within U.S. +1 651 848 5832, Outside U.S. +91 80 6749 8403/1298; Reuters Messaging: harshith.aranya.thomsonreuters.com@reuters.net)).  Full Article

Total Net Generation for Imperial Oil's Kearl down at 16 MW - AESO
Friday, 24 Jun 2016 06:57pm EDT 

Alberta Electric System Operator(AESO): Total net generation for Kearl (IOR3) cogeneration unit in Alberta now at 16 MW - AESO Source: The Alberta Electric System Operator (http://bit.ly/Wc5xWz) Related: FACTBOX-Power output in Alberta oil sands at high since fires [nL1N19G0MB] (Reporting by Swati Verma in Bengaluru) ((Swati.Verma@thomsonreuters.com; within U.S. +1 651 848 5832, outside U.S. +91 80 6749 6356/1298 ; Reuters Messaging: swati.verma.thomsonreuters.com@reuters.net)).  Full Article

Imperial continues existing share repurchase program
Wednesday, 22 Jun 2016 04:30pm EDT 

Imperial Oil : Received final acceptance from TSX for new normal course issuer bid to continue existing share repurchase program that will expire on June 24 .Imperial continues existing share repurchase program.  Full Article

Total Net Generation for Imperial Oil's Kearl at 67 MW - AESO
Monday, 13 Jun 2016 02:35am EDT 

Alberta Electric System Operator(AESO): Total net generation for Kearl (IOR3) cogeneration unit in Alberta now at 67 MW - AESO Source: The Alberta Electric System Operator (http://bit.ly/Wc5xWz) Related: FACTBOX-Power output holds steady in fire-ravaged Alberta oil sands [nL1N1920DX] (Reporting by Apeksha Nair in Bengaluru) ((Apeksha.Nair@thomsonreuters.com; within U.S. +1 651 848 5832, outside U.S. +91 80 6749 6408/1298; Reuters Messaging: apeksha.nair.thomsonreuters.com@reuters.net)).  Full Article

Canadian wildfires to cut oil output by 400,000 bpd in June - EIA
Wednesday, 8 Jun 2016 12:36pm EDT 

The Canadian wildfires will cut production by an average of 400,000 barrels per day (bpd) in June, the U.S. Energy Information Administration said on Wednesday. : The disruptions to oil production averaged about 800,000 bpd in May, with a daily peak of more than 1.1 million bpd, EIA said. . Fort McMurray, Alberta, an oil production hub with a population of 90,000 people, was evacuated in early May as an uncontrolled wildfire ripped through some neighborhoods, destroying about 10 percent of the city's homes. [nL1N18Z1C5] . "While evacuees from the ongoing fires in Fort McMurray have begun to return to the city, a state of emergency remains in place throughout Alberta, Canada, and the temporary shutdown of the area's oil sands production sites continues," EIA said. . To read the full report, click on: ((http://1.usa.gov/1UErB5n)) (Reporting By Jarrett Renshaw) ((jarrett.renshaw@thomsonreuters.com;)(646)(223-6193;)).  Full Article

Imperial's Kearl operations return to normal, monitoring remains in place
Friday, 3 Jun 2016 06:34pm EDT 

Imperial Oil Ltd : Says will continue to closely monitor developments with fires in regional municipality of Wood Buffalo . Imperial's Kearl operations return to normal, monitoring remains in place .Says Kearl's physical plant was not damaged by fires.  Full Article

Total Net Generation for Imperial Oil's Kearl at 22 MW - AESO
Thursday, 26 May 2016 05:22am EDT 

Alberta Electric System Operator(AESO): Total net generation for Kearl (IOR3) cogeneration unit in Alberta now at 22 MW from 0 MW earlier - AESO Source: The Alberta Electric System Operator (http://bit.ly/Wc5xWz) Related: FACTBOX-Power output holds steady in fire-ravaged Alberta oil sands [nL2N18M0CU] (Reporting by Apeksha Nair in Bengaluru) ((Apeksha.Nair@thomsonreuters.com; within U.S. +1 651 848 5832, outside U.S. +91 80 6749 6408/1298; Reuters Messaging: apeksha.nair.thomsonreuters.com@reuters.net)).  Full Article

Total Net Generation for Imperial Oil's Kearl at 0 MW - AESO
Wednesday, 25 May 2016 02:59pm EDT 

Alberta Electric System Operator(AESO): Total net generation for Imperial Oil's Kearl (IOR3) cogeneration unit in Alberta now at 0 MW - AESO . Source: The Alberta Electric System Operator (http://bit.ly/Wc5xWz) . Related: FACTBOX-Power output holds steady in fire-ravaged Alberta oil sands [nL2N18M0CU] (Reporting by Swati Verma in Bengaluru) ((Swati.Verma@thomsonreuters.com; within U.S. +1 651 848 5832, outside U.S. +91 80 6749 6356/1298 ; Reuters Messaging: swati.verma.thomsonreuters.com@reuters.net)).  Full Article

Imperial Oil provides Kearl operations update
Thursday, 19 May 2016 06:48pm EDT 

Imperial Oil Ltd : Says confirmed it has restarted limited operations at its Kearl oil sands site . Air monitoring is in place and physical plant is unaffected by fires. . Recognizing uncertainty of fire situation in regional municipality of wood buffalo, full restoration of operations .Imperial provides Kearl operations update.  Full Article

BRIEF-Couche-Tard receives approval to buy certain Imperial Oil retail assets

* Couche-Tard receives approval to acquire certain Imperial Oil retail assets in Ontario and Québec