Imperial Oil renews annual normal course issuer bid

Imperial Oil (IMO) announced that it has received final acceptance from the Toronto Stock Exchange for a normal course issuer bid to repurchase up to 5% of its 509,044,963 outstanding common shares as of June 15 or a maximum of 25,452,248 shares during the next 12 months. This maximum will be reduced by the number of shares purchased from ExxonMobil, Imperial’s majority shareholder. The new one-year program will begin on June 29 and will end should the company purchase the maximum allowable number of shares, or on June 28, 2026.