Imperial Oil to Axe 20% of Workforce on Glut Predictions [Yahoo! Finance]
Imperial Oil Limited (IMO)
NASDAQ:AMEX Investor Relations:
imperialoil.ca/en-ca/company/investors
Company Research
Source: Yahoo! Finance
According to a company statement , Imperial Oil will “consolidate activities to its operating sites” over the next two years, enhance “collaboration, operational focus and execution excellence. As a result of these changes, the company expects to record a one-time restructuring charge of approximately $330 million before-tax in the third quarter of 2025.” Imperial Oil expects to generate annual savings of $150 million following its restructuring, it said in the statement. In other cost-cutting efforts, Imperial Oil last year cut upstream expenses by $3 per barrel, Bloomberg noted in a report on the news, and plans to cut them further this year. The Imperial Oil news follows another report about cost-cutting in the oil industry, this time from TotalEnergies. The French supermajor is planning cost cuts of a total $7.5 billion by 2030, the Financial Times reported this week, in response to lower international oil prices. Capital spending would be reduced by $1 billion, TotalEnergi
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News
- Imperial Oil Limited: I'm Here For The Buybacks And Dividend [Seeking Alpha]Seeking Alpha
- Top Dividend-Growth Stocks to Buy Now in Canada [Yahoo! Finance Canada]Yahoo! Finance Canada
- What Recent Developments Are Shaping the Investment Story for Imperial Oil [Yahoo! Finance]Yahoo! Finance
- Here's Why Hold Strategy Is Apt for Imperial Oil Stock Now [Yahoo! Finance Canada]Yahoo! Finance Canada
- TD picks oil stocks as investors await Carney's next major projects list [Yahoo! Finance Canada]Yahoo! Finance Canada
IMO
Earnings
- 10/31/25 - Beat
IMO
Sec Filings
- 11/26/25 - Form 8-K/A
- 11/3/25 - Form 10-Q
- 10/31/25 - Form 8-K
- IMO's page on the SEC website