Imperial Oil ( (TSE:IMO) ) has issued an update.
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Imperial Oil has released its 2025 corporate guidance, highlighting a strategy focused on maximizing asset value and pursuing high-value growth opportunities. The company plans to enhance operating performance with increased production and reduced costs at its Kearl and Cold Lake operations, supported by strategic investments in technology and expansion projects. Key initiatives for 2025 include the start-up of the Strathcona Renewable Diesel project and optimization efforts to improve logistics and processing flexibility. Imperial forecasts capital and exploration expenditures between $1.9 to $2.1 billion, with production and throughput expected to grow, leveraging its logistics network to move products to high-value markets and focusing on reducing emissions intensity.
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 with a coast-to-coast presence. The company focuses on responsibly developing Canada’s energy resources through technology and innovation, maintaining high standards across all business areas.
YTD Price Performance: 31.55%
Average Trading Volume: 462,711
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $38.48B
Learn more about IMO stock on TipRanks’ Stock Analysis page.
