The Latest Breaking News from Imperial Oil

Imperial Oil shows rising price performance, earning an upgrade to its IBD Relative Strength Rating

Hockey’s biggest prize is the Stanley Cup, and for the first time in nearly two decades, the Edmonton Oilers are vying for it. Hoping to stage a comeback against the Florida Panthers, the Oilers are two wins away from becoming National Hockey League champions.

At the end of the third quarter reporting season in October, the Big Four oilsands producers continued to report record profit levels. Collectively, Cenovus, CNRL, Imperial Oil and Suncor earned $5.8 billion in the third quarter and $23.1 billion in the first nine months of 2022. The average return on…

Over the past five years, ownership of oilsands production has become hyperconcentrated in four companies: Cenovus Energy, Canadian Natural Resources Limited (CNRL), Imperial Oil Limited and Suncor Energy.

Imperial Oil Limited (NYSEAMERICAN: IMO) is set to release second-quarter results on Jul 29. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $2.14 per share on revenues of $16.7 billion.

Imperial Oil (AMEX:IMO) has outperformed the market over the past 20 years by 1.08% on an annualized basis producing an average annual return of 8.08%. Currently, Imperial Oil has a market capitalization of $30.73 billion.

Imperial Oil (AMEX:IMO) has outperformed the market over the past 20 years by 2.05% on an annualized basis producing an average annual return of 8.9%. Currently, Imperial Oil has a market capitalization of $36.13 billion.

Imperial Oil (AMEX:IMO) has outperformed the market over the past 20 years by 2.02% on an annualized basis producing an average annual return of 9.1%. Currently, Imperial Oil has a market capitalization of $36.61 billion.

Imperial Oil Ltd (TSX:IMO) (NYSE:IMO) price target has been raised to C$66 from C$65 by RBC Capital analyst Greg Pardy while maintaining the Outperform rating on the shares. The analyst states that the bullish stance toward Imperial Oil reflects its capable leadership team, favorable long-term operating outlook, strong balance sheet, and commitment to shareholder returns.…