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Stock impact report

Imperial Oil Issues C$1.9-C$2.1 Billion Capex Guidance for 2025 [Yahoo! Finance]

Imperial Oil Limited (IMO) 
NASDAQ:AMEX Investor Relations: imperialoil.ca/en-ca/company/investors
Company Research Source: Yahoo! Finance
Imperial Oil Limited IMO released its corporate guidance outlook on Dec. 12 with a prime focus on profitable volume growth and increased cash flow. The Canadian integrated energy company forecasted its capital and exploration expenditures of C$1.9 to C$2.1 billion, with a balanced investment toward its upstream and downstream operations. IMO's Upstream Projections A significant portion of the capital investment is planned to be directed toward upstream operations to enhance production volumes. The investments will be directed toward key projects like Kearl, where investment in technology will boost bitumen recovery and enhance the mine progression work; the Leming redevelopment project, where completion of the project using innovative steam-assisted gravity drainage technology will have far-reaching effects beyond 2026; and the Grand Rapids project at Cold Lake, which is going to deliver its first full year contribution. The anticipated investments in the above-mentioned projec Show less Read more
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