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National Energy Board grants Imperial Oil more time to build Mackenzie Gas Project

CALGARY — The National Energy Board is giving Imperial Oil until the end of 2022 to start building the long-delayed Mackenzie Gas Project, a pipeline that would ship natural gas from the Northwest Territories to northern Alberta. 203 more words


Analysis - Imperial Oil Ltd. Increases Dividend by 9%

Imperial Oil Ltd. announced a regular quarterly dividend of $0.118 per share, a 9 percent increase from the prior rate of $0.108 per share. The dividend will be paid at the new higher rate on July 1, 2016, to shareholders of record at close of business on June 3, 2016. 169 more words


Why Imperial Oil Ltd is a 'best-of-all-worlds' story

Imperial Oil Ltd. was upgraded to buy from hold at TD Securities as its underperformance so far in 2016 offers a buying opportunity for investors. 241 more words

Trading Desk

Varcoe: Big contrast in meetings as oil giants grapple with price rollercoaster

Suncor Energy Inc.’s annual meeting this week was so action-packed, they should have sold popcorn outside the Telus Convention Centre.

In contrast, Friday’s annual meeting at Imperial Oil Ltd. 902 more words


CEOs of TransCanada, Imperial Oil say new emission rules not necessary

The CEOs of two of Canada’s biggest energy companies spoke out Friday against recent moves by federal and provincial governments to toughen emission-based regulations.

Russ Girling, CEO of TransCanada Corp., said he believes new federal requirements that take into account upstream emissions when reviewing pipelines are not needed. 493 more words


Oilsands greenhouse gas emissions cap unnecessary, says Imperial Oil Ltd CEO

CALGARY — A cap on greenhouse gas emissions in the oilsands is an unnecessary part of Alberta’s climate leadership plan, Imperial Oil Ltd.’s CEO said Friday. 507 more words


Imperial Oil reports $101M quarterly loss on lower oil prices

Imperial Oil Ltd. lost $101 million in its latest quarter, hurt by lower oil prices, offset in part by a weaker Canadian dollar.

The company says the loss amounted to 12 cents per share for the quarter compared with a profit of $421 million or 50 cents per share in the same quarter last year. 95 more words