Imperial Oil Issues C$1.9-C$2.1 Billion Capex Guidance for 2025

Imperial Oil Limited (IMO) released its corporate guidance outlook on Dec. 12 with a prime focus on profitable volume growth and increased cash flow. The Canadian integrated energy company forecasted its capital and exploration expenditures of C$1.9 to C$2.1 billion, with a balanced investment toward its upstream and downstream operations.IMO’s Upstream ProjectionsA significant portion of the capital investment is planned to be directed toward upstream operations to enhance production volumes. The investmen ...