IMO / 7 Discounted Oil Stocks to Pick Up on Recession Jitters

Imperial Oil (IMO) plans C$1.7 billion in capital expenditure for 2023, maintaining consistent production performance at Kearl in the range of 265,000 more_horizontal

Imperial Oil Limited (NYSE:IMO ) Q2 2023 Earnings Conference Call July 28, 2023 11:00 AM ET Company Participants Dave Hughes - Vice President of Inves more_horizontal

Imperial Oil (IMO) came out with quarterly earnings of $0.86 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2.84 more_horizontal

Canada's Imperial Oil reported a 72% drop in second-quarter profit on Friday as production fell due to maintenance activity amid a slump in prices. more_horizontal

Imperial Oil Limited is 70% owned by Exxon Mobil Corporation, providing a strong backstop on its valuation, as it's a potential acquisition target. Th more_horizontal

When the Covid-19 crisis faded, Americans finally looked forward to a broader recovery, which on paper doesn't necessarily incentivize the best sleep- more_horizontal

Imperial Oil Limited has been growing EPS by over 20% YoY as shown in the last earnings report. The balance sheet is incredibly strong and the company more_horizontal

Imperial Oil pays a strong dividend and has recently repurchased shares creating shareholder value. The company has outperformed the S&P 500 in the la more_horizontal