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IMO $70.4

IMO target price
70.40
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Imperial Oil Limited
Type
Public
Traded as
  • TSX: IMO
  • AMEX: IMO
  • S&P/TSX 60 component
Industry Petroleum
Founded London, Ontario, Canada (1880)
Headquarters Calgary, Alberta, Canada
Key people
Richard Kruger, Chairman, President & CEO
Products Petrochemical products
Revenue Increase$26.888 billion CAD (2015)
Net income
Increase$1.122 billion CAD (2015)
Total assets Increase$43.170 billion CAD (2015)
Total equity Increase$23.425 billion CAD (2015)
Owner ExxonMobil (69.6%) (2012)
Number of employees
5,263 (2012)
Website www.imperialoil.ca

Imperial Oil Limited (French: L'Impériale) is a Canadian petroleum company. It is Canada's second-biggest integrated oil company. Exxon Mobil Corp. had a 69.6 percent ownership stake in the company as of December 31, 2012. It is a significant producer of crude oil, diluted bitumen and natural gas, Canada’s major petroleum refiner, a key petrochemical producer and a national marketer with coast-to-coast supply and retail networks. Its retail operations include Esso-brand service stations and On the Run/Marché Express and Tiger Express-brand convenience stores. It is also known for its holdings in the Alberta Oil Sands. Imperial owns 25 percent of Syncrude, which is one of the world’s largest oil sands operations. Imperial is also in a joint venture oil sands mining operation with ExxonMobil Corp., called Kearl Oil Sands.

Currently headquartered in Calgary, Alberta, Imperial Oil was based in Toronto, Ontario, until 2005.

Most of Imperial's production is from its vast natural resource holdings in the Alberta Oil sands and the Norman Wells oil field in the Northwest Territories.

The company was incorporated in London, Ontario, in 1880 (Filey 1998:62). The company's association with ExxonMobil dates back to 1898 when the then-Standard Oil of New Jersey acquired controlling stake in Imperial Oil.

Imperial Oil discovered the Leduc Woodbend Devonian oil reef in 1947, marking the beginning of the contemporary period in Canadian oil and gas development. Drilling began on the landmark discovery well Leduc No. 1 on November 20, 1946.

In 1989, Imperial Oil acquired Texaco's Canadian operations.

From the 1934-35 season through the 1975-76 season, Imperial Oil was a sponsor of the Canadian Broadcasting Corp. program Hockey Night in Canada for both radio and television broadcasts.

In February 2013, Richard Kruger, President of ExxonMobil Production Co. and a Vice President of Exxon Mobil Corp., was appointed to be Chief Executive of Imperial Oil. His predecessor, Bruce March, left to become senior vice president of global operations for ExxonMobil Chemical Co.

Besides Richard Kruger, other members of the Board of Directors of Imperial Oil are Krystyna Hoeg, Jack Mintz, David Sutherland, Darren Woods, Sheelagh Whittaker and Victor Young.

Imperial Oil has 1700 service stations with majority owned third parties and sold 497 stations in 2016. In the late early 1990s Imperial Oil acquired retail operations from Texaco's Canadian unit Texaco Canada Incorporated.

With ExxonMobil having majority ownership, Imperial Oil uses its parent company's brands, including the Esso name for service stations, On the Run for convenience stores, and the Speedpass electronic payment system.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2021 2022-10-27 Future report Set alerts
Q2 2021 2022-07-29 Future report Set alerts
Q2 2022 2022-07-28 Future report Set alerts
Q1 2022 2022-04-29 Future report Set alerts
Q4 2021 2022-02-01 1.35 1.35
Q1 2021 2021-04-30 0.53 0.53
Q4 2020 2021-02-02 0.03 0.03
Q3 2020 2020-10-30 0.00 0.00
Q2 2020 2020-07-31 -0.72 -0.72
Q1 2020 2020-05-01 0.15 -0.25

Ratings

2016-06-28 Set Price Target Desjardins C$41.00
2016-06-13 Boost Price Target Morgan Stanley C$34.00 to C$46.00
2016-06-06 Set Price Target Raymond James C$51.00
2016-06-06 Set Price Target Raymond James Financial Inc. C$51.00
2016-05-16 Upgrade FirstEnergy Capital Underperform to Market Perform
2016-05-07 Reiterated Rating RBC Capital Sector Perform $46.00 to $47.00
2016-05-06 Boost Price Target RBC Capital Sector Perform C$46.00 to C$47.00
2016-05-06 Boost Price Target Royal Bank Of Canada Sector Perform C$46.00 to C$47.00
2016-05-05 Upgrade TD Securities Hold to Buy C$47.00 to C$51.00
2016-04-25 Upgrade AltaCorp Capital Sector Perform to Outperform
2016-04-22 Boost Price Target Desjardins C$38.00 to C$39.00
2016-04-20 Lower Price Target Citigroup Inc. C$46.00 to C$44.00
2016-04-15 Lower Price Target CIBC C$55.00 to C$52.00
2016-04-08 Boost Price Target Barclays C$43.00 to C$45.00
2016-04-08 Boost Price Target Barclays PLC C$43.00 to C$45.00
2016-04-05 Initiated Coverage Morgan Stanley Underweight $36.00
2016-03-11 Reiterated Rating Raymond James Market Perform $45.00 to $48.00
2016-03-10 Boost Price Target RBC Capital Sector Perform $44.00 to $46.00
2016-03-09 Boost Price Target CSFB Neutral C$44.00 to C$46.00
2016-02-29 Reiterated Rating RBC Capital Sector Perform $42.00 to $44.00
2016-02-05 Reiterated Rating RBC Capital Sector Perform $42.00
2016-02-04 Lower Price Target FirstEnergy Corp. C$44.00 to C$42.00
2015-12-03 Reiterated Rating Scotiabank Sector Perform
2015-11-05 Boost Price Target RBC Capital Sector Perform $44.00 to $45.00
2015-10-12 Downgrade Barclays Overweight to Equal Weight $48.00
2015-09-29 Boost Price Target Scotiabank C$52.00 to C$53.00
2015-09-25 Reiterated Rating Scotiabank Sector Perform $52.00
2015-09-16 Reiterated Rating Citigroup Inc. Neutral $50.00 to $46.00
2015-08-14 Upgrade CIBC Sector Perform to Outperform
2015-07-08 Boost Price Target Scotiabank $50.00 to $52.00
2015-05-07 Reiterated Rating AltaCorp Capital Underperform $53.00
2015-02-03 Reiterated Rating Scotiabank Sector Perform
2015-01-22 Downgrade Citigroup Inc. Buy to Neutral
2014-12-03 Upgrade Canaccord Genuity Sell to Hold
2014-11-03 Reiterated Rating Scotiabank Sector Perform
2014-11-03 Upgrade BMO Capital Markets Underperform to Market Perform C$57.00 to C$58.00
2014-10-23 Reiterated Rating RBC Capital Sector Perform
2014-07-22 Downgrade Canaccord Genuity Hold to Sell
2014-05-02 Downgrade BMO Capital Markets Outperform to Underperform
2014-04-17 Reiterated Rating Citigroup Inc. Buy $60.00
2014-04-17 Downgrade Desjardins Hold to Sell
2014-04-02 Downgrade Bank of America Neutral to Underperform
2014-03-27 Downgrade FirstEnergy Capital Outperform to Market Perform
2014-03-18 Initiated Coverage CIBC Sector Perform
2014-03-18 Downgrade Macquarie Neutral to Underperform
2014-02-03 Upgrade Scotiabank Underperform to Sector Perform
2013-12-03 Initiated Coverage Raymond James Market Perform $50.00
2013-11-22 Downgrade TD Securities Buy to Hold
2013-11-06 Boost Price Target RBC Capital Sector Perform $48.00 to $49.00
2013-10-11 Boost Price Target BMO Capital Markets $47.00 to $48.00
2013-09-16 Upgrade FirstEnergy Capital Market Perform to Outperform
2009-06-16 Downgrade BMO Capital Markets Outperform to Market Perform
2009-05-19 Upgrade CIBC Wrld Mkts Sector Underperform to Sector Perform
2009-04-09 Downgrade CIBC Wrld Mkts Sector Perform to Sector Underperform
2008-04-15 Initiated JP Morgan Overweight
2008-02-28 Upgrade BMO Capital Markets Market Perform to Outperform
2007-11-12 Downgrade RBC Capital Mkts Outperform to Sector Perform
2016-06-28 Set Price Target Desjardins C$41.00
2016-06-13 Boost Price Target Morgan Stanley C$34.00 to C$46.00
2016-06-06 Set Price Target Raymond James C$51.00
2016-06-06 Set Price Target Raymond James Financial Inc. C$51.00
2016-05-16 Upgrade FirstEnergy Capital Underperform to Market Perform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks