Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Imperial Oil Limited
  6. News
  7. Summary
    IMO   CA4530384086

IMPERIAL OIL LIMITED

(IMO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Canadian Oil-Sands Producers Set Ambitious Goals for Net-Zero Greenhouse-Gas Emissions

06/09/2021 | 06:14am EDT

By Adriano Marchese

A number of Canada's largest oil sands energy producers have come together and set a goal of achieving a net-zero greenhouse-gas emissions from their oil sands operations by 2050.

Suncor Energy Inc., MEG Energy Corp., Imperial Oil Ltd., Cenovus Energy Inc., and Canadian Natural Resources Ltd., which together form around 90% of Canada's oil-sands production, said they would work with the federal and Alberta provincial governments to reduce greenhouse-gas emissions to meet the country's climate goals as well as those set out in the Paris Agreement.

The Pathways to Net Zero initiative would include a core Alberta infrastructure corridor which would link oil-sands facilities in the Fort McMurray and Cold Lake regions.

In particular, this would work through a carbon capture, utilization and storage trunkline connected to a carbon sequestration hub which would also be made available to other industries in the region to help with emissions reductions.

Together with the infrastructure element, there is also an aspect of applying emerging technologies towards the emissions goals. The companies said they are evaluating, piloting and accelerating application of new technologies including direct air capture, next-generation recovery technologies, and small modular nuclear reactors.

"Members of the Pathways initiative believe the most effective way to address climate change is by developing and advancing new technologies and that this unprecedented challenge can and will be solved by Canadian ingenuity, leadership and collaboration," the companies said.

Write to Adriano Marchese at adriano.marchese@wsj.com

Corrections & Amplifications

This item was corrected at 10:58 a.m. ET to show that Suncor Energy Inc., MEG Energy Corp., Imperial Oil Ltd., Cenovus Energy Inc., and Canadian Natural Resources Ltd., which together form around 90% of Canada's oil-sands production, said they would work with the federal and Alberta provincial governments. An earlier version incorrectly omitted Canadian Natural Resources.

(END) Dow Jones Newswires

06-09-21 0814ET

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN NATURAL RESOURCES LIMITED -0.77% 41.17 Delayed Quote.35.63%
CENOVUS ENERGY INC. 0.39% 10.41 Delayed Quote.33.81%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.13%
IMPERIAL OIL LIMITED -1.98% 34.18 Delayed Quote.44.33%
LONDON BRENT OIL -0.82% 75.16 Delayed Quote.44.56%
MEG ENERGY CORP. 0.13% 7.96 Delayed Quote.78.65%
SUNCOR ENERGY INC. -1.33% 24.56 Delayed Quote.16.58%
WTI 0.53% 73.659 Delayed Quote.50.25%
All news about IMPERIAL OIL LIMITED
02:47pUPDATE : WTI Crude Ends Higher Ahead of New Supply From OPEC+ as Delta Variant F..
MT
02:42pSeptember WTI Crude Oil Contract Ends Up US$0.33; Settles at US$73.95 per Bar..
MT
02:23pIMPERIAL OIL : earns $366 million; Kearl oilsands site sets 25-year production r..
AQ
08:51aOil Mostly Steady Ahead of New Supply From OPEC+ as Delta Variant Fears Ease
MT
08:50aIMPERIAL OIL : announces second quarter 2021 financial and operating results (Fo..
PU
08:50aIMPERIAL OIL : declares third quarter 2021 dividend (Form 8-K)
PU
08:45aIMPERIAL OIL : Swings to Q2 Gain as Revenue Grows, Company Reaffirms 2021 Capita..
MT
08:26aIMPERIAL OIL : Returns to a Q2 Profit on Higher Oil Sands Output and Improved Pr..
MT
08:25aIMPERIAL OIL LTD : Results of Operations and Financial Condition, Financial Stat..
AQ
08:23aIMPERIAL OIL : Canada's Imperial Oil posts 7% fall in quarterly profit
RE
More news
Financials
Sales 2021 34 831 M 27 910 M 27 910 M
Net income 2021 2 522 M 2 021 M 2 021 M
Net Debt 2021 2 514 M 2 015 M 2 015 M
P/E ratio 2021 10,8x
Yield 2021 2,94%
Capitalization 24 082 M 19 312 M 19 297 M
EV / Sales 2021 0,76x
EV / Sales 2022 0,71x
Nbr of Employees 5 800
Free-Float 28,2%
Chart IMPERIAL OIL LIMITED
Duration : Period :
Imperial Oil Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends IMPERIAL OIL LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Last Close Price 34,87 CAD
Average target price 43,35 CAD
Spread / Average Target 24,3%
EPS Revisions
Managers and Directors
Bradley W. Corson Chairman, President & Chief Executive Officer
Daniel E. Lyons Senior Vice President-Finance & Administration
Dave C. Brownell Senior Vice President-Global Operations
Jack M. Mintz Independent Director
Krystyna T. Hoeg Independent Director
Sector and Competitors
1st jan.Capi. (M$)
IMPERIAL OIL LIMITED44.33%19 739
EXXON MOBIL CORPORATION41.24%249 482
CHEVRON CORPORATION21.46%197 761
RELIANCE INDUSTRIES LTD3.42%175 631
BP PLC16.03%83 246
CHINA PETROLEUM & CHEMICAL CORPORATION2.59%70 626