Industry Overview - Energy is one of the most volatile sectors, driven by geopolitical tensions, disrupted supply chains, fluctuating demands, and natural disasters [1] Company Performance - Imperial Oil Limited has consistently delivered consistent results despite the uncertainty in the energy sector [1] Author Background - Rick is a Wall Street Journal best-selling author with over 20 years of experience trading stocks and options [2] - His work is covered by authoritative publications including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News [2] - In 2018, Rick wrote "The Financially Independent Millennial" to inspire readers with his story of becoming financially independent at age 35 [2]

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Imperial Oil despite higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Imperial Oil is expected to report quarterly earnings of $1.42 per share, reflecting a year-over-year decrease of 21.6%, while revenues are projected to be $11.2 billion, an increase of 16.3% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.62% higher in the last 30 days, indicating a slight positive adjustment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [10][11]. Historical Performance - In the last reported quarter, Imperial Oil exceeded the expected earnings of $1.48 per share by delivering $1.71, achieving a surprise of +15.54%. The company has beaten consensus EPS estimates in the last four quarters [12][13]. Stock Movement Factors - An earnings beat or miss alone may not dictate stock price movement, as other factors can influence investor sentiment [14].

Core Viewpoint - Imperial Oil Limited (IMO) is a significant entity in Canada's energy sector, involved in the exploration, production, and sale of crude oil and natural gas, and is a subsidiary of Exxon Mobil Corporation (XOM) [1][3] Financial Performance - In Q3 2024, Imperial Oil reported a net income of C$1.24 billion, reflecting a 9.2% increase from the previous quarter [4] - The company generated C$1 billion in free cash flow, demonstrating its ability to deliver strong returns despite commodity price fluctuations [4] Production and Operational Outlook - The 2025 production forecast indicates an increase to 433,000-456,000 barrels of oil equivalent per day, supported by advancements at Kearl and Cold Lake [5] - Strategic initiatives, such as the Leming redevelopment project, aim to optimize resource extraction through steam-assisted gravity drainage technology [5] Renewable Energy Initiatives - The Strathcona Renewable Diesel Project, expected to commence in mid-2025, will enhance Imperial's low-carbon product offerings and align with regulatory frameworks and consumer preferences for sustainable energy [6] Business Model and Market Performance - Imperial Oil's integrated business model, which includes upstream production, refining, and marketing, provides stability and reduces exposure to volatility in any single segment [7] - Over the past year, IMO's share price increased by 24.1%, outperforming the Zacks Oil and Energy sector's growth of 15.9% and the Canadian Integrated Oil and Gas sub-industry's growth of 11.9% [8] Risks and Challenges - The company's profitability is closely linked to commodity price fluctuations, which could significantly impact revenues and cash flows [10] - Planned maintenance at key refineries may lead to short-term operational disruptions in 2025, affecting quarterly results [11] - Despite investments in renewable energy, Imperial's revenue remains heavily reliant on traditional oil and gas, increasing risk amid the global energy transition [12] - Projected capital expenditures of C$1.9-C$2.1 billion in 2025 may strain cash flows if commodity prices decline [13]

Core Points - The Alberta Energy Regulator (AER) has filed nine charges against Imperial Oil Resources Limited related to an industrial wastewater release at the Kearl Oil Sands Processing Plant [1][2] - The incident involved a berm overflow of industrial wastewater reported to the AER on February 4, 2023 [1] - The charges include violations under the Environmental Protection and Enhancement Act and the Public Lands Act [2] Environmental Protection and Enhancement Act Charges - One count for releasing a substance into the environment that caused or may have caused a significant adverse effect [3] - One count for failing to report a release as soon as the company knew or ought to have known of the release [3] - One count for failing to take reasonable measures to repair, remedy, and confine the effects of the substance upon becoming aware of the release [3] - One count for failing to remediate, manage, remove, or dispose of the substance to prevent further adverse effects [3] - One count for contravening approval number 46586-01-00, condition 4.2.1, for releasing substances from the plant to the surrounding watershed [3] - One count for not immediately reporting to the AER Director by telephone as required [3] Public Lands Act Charges - One count for the accumulation of waste material, debris, refuse, or garbage on public land [3] - One count for causing the loss or damage of public land [3] - One count for causing activities on, or the use of, public land that is likely to result in loss or damage to public land [3] Court Appearance - The company's first court appearance is scheduled for February 26, 2025, at the Alberta Court of Justice in Fort McMurray [2]

Core Insights - Imperial Oil Limited (IMO) has released its corporate guidance outlook focusing on profitable volume growth and increased cash flow, forecasting capital and exploration expenditures of C$1.9 to C$2.1 billion [1] Upstream Projections - A significant portion of the capital investment will be directed toward upstream operations to enhance production volumes, with key projects including Kearl, Leming redevelopment, and Grand Rapids [2] - Anticipated investments in these projects are expected to boost production levels between 433,000 and 456,000 barrels of oil equivalent per day by 2025 [3] Downstream Transformation - Downstream capital investments will focus on efficiency and low-carbon initiatives, particularly the Strathcona renewable diesel project and other optimization initiatives [4] - The Strathcona renewable diesel project, expected to start in mid-2025, represents a shift toward lower-carbon products and is anticipated to increase sales volume due to a lower turnaround schedule [5] Capacity Optimization - IMO expects investments in its projects to boost throughput between 405,000 and 415,000 barrels per day, with capacity optimization between 94% and 96% [6]

Imperial Oil Limited (IMO) reported third-quarter 2024 adjusted earnings per share of $1.71, which beat the Zacks Consensus Estimate of $1.48. This increase was driven by higher production at Kearl, strong operational efficiencies and a year-over-year reduction in total expenses. However, the bottom line declined from the year-ago quarter’s $2.06 due to lower realized prices for bitumen, synthetic oil and conventional crude.Revenues of $9.7 billion missed the Zacks Consensus Estimate of $11.3 billion. The t ...

Last week, the management team at Imperial Oil Limited (NYSE: IMO ) announced financial results covering the third quarter of the company's 2024 fiscal year. Although the business fell short of analysts’ expectations when it came to revenue, earnings per share did exceedCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 5 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 0-12014 IMPERIAL OIL LIMITED (Exact name of registrant as specified in its charter) Canada 98-0017682 (State or other jurisdiction ...

Imperial Oil (IMO) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $2.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.54%. A quarter ago, it was expected that this oil and gas and petroleum products company would post earnings of $1.43 per share when it actually produced earnings of $1.54, delivering a surprise of 7.69%.Over the la ...

Q3 News Release Calgary, November 1, 2024 Exhibit 99.1 Imperial announces third quarter 2024 financial and operating results • Quarterly net income of $1,237 million • Cash flows from operating activities of $1,487 million and cash flows from operating activities excluding working capital of $1,797 million • Upstream production of 447,000 gross oil-equivalent barrels per day, highest third quarter in over 30 years • Kearl production of 295,000 total gross oil-equivalent barrels per day (209,000 barrels Impe ...