tiprankstipranks
Trending News
More News >

Imperial Oil Announces Share Buyback Approval

Story Highlights
Imperial Oil Announces Share Buyback Approval

Confident Investing Starts Here:

Imperial Oil ( (TSE:IMO) ) has shared an update.

On June 23, 2025, Imperial Oil Limited announced it received approval from the Toronto Stock Exchange to initiate a normal course issuer bid to repurchase up to five percent of its outstanding common shares over the next 12 months. This move, starting June 29, 2025, reflects Imperial’s strategy to return cash to shareholders and manage share dilution, with ExxonMobil participating to maintain its ownership stake.

The most recent analyst rating on (TSE:IMO) stock is a Sell with a C$90.00 price target. To see the full list of analyst forecasts on Imperial Oil stock, see the TSE:IMO Stock Forecast page.

Spark’s Take on TSE:IMO Stock

According to Spark, TipRanks’ AI Analyst, TSE:IMO is a Outperform.

Imperial Oil’s stock score is driven by its strong financial performance and positive earnings call, reflecting record-breaking earnings and strategic growth initiatives. While the stock shows bullish momentum, technical indicators warn of potential overbought conditions.

To see Spark’s full report on TSE:IMO stock, click here.

More about Imperial Oil

Imperial Oil Limited is Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer, and a leading fuels marketer. The company is recognized for its application of technology and innovation in responsibly developing Canada’s energy resources.

YTD Price Performance: 28.09%

Average Trading Volume: 717,670

Technical Sentiment Signal: Buy

Current Market Cap: C$56.92B

See more data about IMO stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1