Imperial Oil to Cut 20% of Workforce as Crude Prices Drop [Yahoo! Finance]
Imperial Oil Limited (IMO)
NASDAQ:AMEX Investor Relations:
imperialoil.ca/en-ca/company/investors
Company Research
Source: Yahoo! Finance
(Bloomberg) -- Imperial Oil Ltd. plans to trim its workforce by about 20% by the end of 2027 as the global crude market faces a potential supply glut. Most Read from Bloomberg Why US Cities Pay Too Much for Transit Buses For Lovers of Brick, Chicago Is a Wonderland After the Pandemic ‘Reset Button,' Downtowns Reinvent Themselves A Showdown Over Speed and Safety, Italian-Style Trump Housing Agency Removes Lawyers Who Filed Whistleblower Report Imperial will “consolidate activities to its operating sites” and enhance its operational focus, the company said in statement Monday. As a result, the company expects to record a one-time restructuring charge of approximately C$330 million ($237 million) before-tax in the third quarter of 2025. The cuts are anticipated to reduce annual expenses by C$150 million by 2028, and Imperial is “well positioned” to meet or exceed targets for the Kearl oil sands mine and Cold Lake well site. Imperial employed about 5,100 people as of the
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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