Imperial Oil to Cut 20% of Workforce as Crude Prices Drop [Yahoo! Finance Canada]
Imperial Oil Limited (IMO)
NASDAQ:AMEX Investor Relations:
imperialoil.ca/en-ca/company/investors
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg Imperial will “consolidate activities to its operating sites” and enhance its operational focus, the producer said in statement on 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 changes will result in the reduction of “approximately 900 positions, the majority of which are in Calgary,” an Imperial spokesperson said by email. 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 end of 2024, data compiled by Bloomberg show. “We applaud what” the company is doing, said Cole Smead, chief executive officer of Smead Capital Management Inc., an investor in Imperial Oil. “The efficiency of the industry is going to be a dominant metric for how investors
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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