Recent Updates — IMO
Imperial Oil reported estimated third-quarter 2026 net income of $2,454 million ($5.11 per diluted share), up from $539 million in the prior-year period, driven by higher commodity prices and downstream volumes. Operating cash flows reached $3,228 million, while upstream production averaged 418,000 gross oil-equivalent barrels per day. The company returned $2,506 million to shareholders through dividends and share repurchases and declared a fourth-quarter dividend of C$0.87 per share. Imperial Oil Limited is Canada’s largest petroleum refiner and a major producer of crude oil.
The board of directors declared a quarterly cash dividend of 87 cents per share on the outstanding common shares for the fourth quarter of 2026. The payment is scheduled for January 1, 2027, to shareholders of record at the close of business on December 3, 2026. This amount matches the third quarter 2026 dividend and continues a streak of annual increases spanning 32 consecutive years. Imperial Oil Limited operates as Canada's largest petroleum refiner, a major crude oil producer, petrochemical manufacturer, and fuels marketer.
On July 30, 2026, N.A. (Neil) Hansen resigned from Imperial Oil Limited's board of directors and its finance and safety and sustainability committees. Concurrently, the company appointed S.D. (Steven) Abrahams as a new director effective that same date. Mr. Abrahams serves as chief financial officer of ExxonMobil Product Solutions, a division of Exxon Mobil Corporation, and will not receive compensation for his board service due to his employment with Exxon Mobil. He will join the finance and safety and sustainability committees. Imperial Oil Limited operates in the oil and gas industry.
Imperial Oil Limited reported estimated second quarter 2026 net income of $2,190 million ($4.52 per diluted share), up from $949 million in the prior year period, driven by higher commodity prices and improved refining margins despite planned turnaround activities at its Strathcona refinery. Operating cash flows reached $2,704 million, while upstream production averaged 414,000 gross oil-equivalent barrels per day. The company declared a third quarter dividend of $0.87 CAD per share and renewed its normal course issuer bid to repurchase up to five percent of outstanding shares, with plans to accelerate purchases to complete the program before year-end. Imperial Oil Limited is an integrated energy company engaged in crude oil production, refining, petrochemical manufacturing, and fuels marketing.
On July 31, 2026, Imperial Oil Limited announced that its board of directors declared a quarterly cash dividend of $0.87 per common share for the third quarter of 2026. The dividend is payable on October 1, 2026, to shareholders of record at the close of business on September 4, 2026. This amount matches the second quarter 2026 dividend and continues a streak of annual dividend increases for 31 consecutive years. Imperial Oil Limited operates in the petroleum industry as Canada's largest refiner, crude oil producer, petrochemical manufacturer, and fuels marketer.