Imperial Oil
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Oilsands anti-pandemic measures boosted as COVID-19 outbreaks rise in Fort McMurray regionWith spring shutdown maintenance drawing more workers to the Alberta oilsands, companies are stepping up protective measures as a spate of COVID-19 cases sweep through the region.HealthMay 10
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TC Energy reports $1.1B net loss after $2.2B writedown on Keystone XLKeystone XL was suspended after newly elected U.S. President Joe Biden fulfilled a campaign promise to cancel its presidential permit in January.CanadaMay 7
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Imperial Oil shareholders defeat shareholder motion to set net zero emission targetImperial Oil Ltd. investors have voted 86 per cent to defeat a shareholder resolution that it adopt a target to achieve net-zero carbon emissions by 2050.EnvironmentMay 4
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Imperial Oil shares rise on dividend bump, strong productionImperial Oil's shares rose on Friday after it increasing its dividend by nearly 23 per cent, and is ramping up its share buybacks.EconomyApr 30
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Imperial Oil urges shareholders to reject ‘premature’ net zero 2050 carbon motionImperial Oil is recommending investors vote against a shareholder resolution that it adopt a corporate-wide target to achieve net-zero carbon emissions by 2050.CanadaMar 19
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Imperial Oil reports $1.15B loss on writedown, sees pandemic-related fuel demand cutSagging fuel demand due to lockdowns amid the COVID-19 pandemic is again cutting into volumes and returns at refineries after a recovery last fall, says the CEO for Imperial Oil.MoneyFeb 2
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Big oil companies eligible for millions from federal coronavirus bailout to clean up sitesThere are currently close to 100,000 inactive wells in the province, which are wells that have stopped producing.InvestigationsDec 17, 2020
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Imperial Oil to write off up to $1.2B in Alberta natural gas assetsImperial Oil Ltd. said it has reassessed the long-term development plans of its unconventional natural gas portfolio in Alberta and no longer plans to develop a "significant potion" of those assets.EconomyDec 1, 2020
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Calgary-based Imperial Oil to lay off 200 workers following cost-cutting analysisCalgary-based Imperial Oil Ltd. confirms it has also reduced the number of contractors it employs by about 450 since the start of the year.EconomyNov 25, 2020
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Imperial Oil set to end Syncrude services contract as Suncor becomes operatorImperial Oil Ltd. says it will relinquish its contract to provide business management services to Syncrude Canada Ltd. when Suncor Energy Inc. takes over as operator of its oilsands mine.MoneyNov 24, 2020
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