IMPERIAL OIL (IMO) Company Report

Imperial Oil reported net income of $539 million (or $1.07 per common share, assuming dilution) for the third quarter of 2025, a decrease from $1,237 million (or $2.33 per share) in Q3 2024, primarily due to a $306 million after-tax non-cash impairment of the Calgary Imperial Campus and a $249 million after-tax restructuring charge.
Cash flows from operating activities increased to $1,798 million in Q3 2025, up from $1,487 million in Q3 2024. The company returned $1,835 million to shareholders, comprising $366 million in dividend payments and $1,469 million in share repurchases.
Upstream operations achieved the highest quarterly production in over 30 years at 462,000 gross oil-equivalent barrels per day, with Kearl recording its highest-ever quarterly production of 316,000 total gross oil-equivalent barrels per day (224,000 barrels Imperial's share). Downstream operations maintained strong performance with refinery capacity utilization of 98 percent.

Oct 31, 2025, 12:10 PM

Imperial Brands Announces New Share Buyback Program

IMO

Share Buyback

Dividends

Guidance Update

Imperial Brands Plc announced a new £1.45 billion ($1.9 billion) share buyback program, which will run until October 2026, contributing to a total capital return of over £2.7 billion to shareholders for the next fiscal year, including dividends.
The company's performance was in line with expectations, with revenue growth in both tobacco products and next-generation products, the latter growing between 12% and 14% at constant currency.
Imperial Brands expects mid-single-digit growth in adjusted operating profit and anticipates market share gains in the US, Germany, and Australia.
Lukas Paravicini became CEO in October, following Stefan Bomhard’s retirement.

Oct 6, 2025, 6:45 PM

Imperial Oil Announces Workforce Reduction and Cost Savings Plan

IMO

Layoffs

Guidance Update

Imperial Oil plans to reduce its workforce by approximately 20%, which could result in around 1,000 job losses from its 5,100 employees as of late 2024, by the end of 2027.
This restructuring is expected to achieve annual cost savings of C$150 million starting in 2028.
A one-time pre-tax restructuring charge of about C$330 million is anticipated in the third quarter of 2025.