imperial oil
Toronto symbol IMO, is Canada’s largest integrated oil company. It also operates over 1,900 retail gas stations under the “Esso” banner. ExxonMobil owns 69.6% of Imperial’s stock.
Imperial Oil is one of Canada’s largest and oldest energy companies, operating across the full oil and gas value chain—from exploring and producing crude oil and natural gas to refining fuels and marketing products under well-known brands like Esso and Mobil. Headquartered in Calgary, the company plays a major role in Canada’s energy sector, including significant involvement in oil sands development, petrochemicals, and transportation fuels, and it is majority-owned by ExxonMobil.
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Prices for many commodities have jumped in 2026. In the case of crude oil, that’s mainly in response to disruptions in the flow of oil from the war-hit Persian Gulf. Copper is also hitting new highs, as the metal plays a key role in new artificial intelligence datacentres.
We recommend all investors allocate between 10% and 20% of their portfolio to stocks in the Resources sector. To cut your risk, stick with proven producers with large, high-quality reserves such as these three.
IMPERIAL OIL LTD. $170 is a buy. The company (Toronto symbol IMO; Conservative and Income Growth Portfolios, Resources sector; Shares outstanding: 483.6 million; Market cap: $82.2 billion; Price-to-sales ratio: 1.7; Dividend yield: 2.0%; TSINetwork Rating: Average; www.imperialoil.ca) gets most of its oil from its main assets in Alberta—the Syncrude oil sands joint venture with Suncor Energy (Imperial owns 25%), and its Kearl (71% owned) and Cold Lake oil sands projects.
We recommend all investors allocate between 10% and 20% of their portfolio to stocks in the Resources sector. To cut your risk, stick with proven producers with large, high-quality reserves such as these three.
IMPERIAL OIL LTD. $170 is a buy. The company (Toronto symbol IMO; Conservative and Income Growth Portfolios, Resources sector; Shares outstanding: 483.6 million; Market cap: $82.2 billion; Price-to-sales ratio: 1.7; Dividend yield: 2.0%; TSINetwork Rating: Average; www.imperialoil.ca) gets most of its oil from its main assets in Alberta—the Syncrude oil sands joint venture with Suncor Energy (Imperial owns 25%), and its Kearl (71% owned) and Cold Lake oil sands projects.
The shares of oil and gas stocks remain high as energy demand stays strong and prices remain high in the wake of the Mideast conflict. We continue to recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio. Here are two buys.
IMPERIAL OIL LTD., $175.00, is a buy. The company (Toronto symbol IMO; Shares o/s: 483.6 million; Market cap: $84.6 billion; TSINetwork Rating: Average; Yield: 2.0%; imperialoil.ca) gets most of its oil from its main assets in Alberta—the Syncrude oil sands joint venture with Suncor Energy (Imperial owns 25%), and its Kearl and Cold Lake oil sands projects.
IMPERIAL OIL LTD., $175.00, is a buy. The company (Toronto symbol IMO; Shares o/s: 483.6 million; Market cap: $84.6 billion; TSINetwork Rating: Average; Yield: 2.0%; imperialoil.ca) gets most of its oil from its main assets in Alberta—the Syncrude oil sands joint venture with Suncor Energy (Imperial owns 25%), and its Kearl and Cold Lake oil sands projects.
Imperial Oil has gained 1,728.5% for our investors since we first recommended it and yet it’s trading at a bargain 8.6 times forecast cash flow right now.
NEWELL BRANDS INC. $5.68 remains a hold. The company (Nasdaq symbol NWL; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 425.9 million; Market cap: $2.4 billion; Dividend yield: 4.9%; Dividend Sustainability Rating: Average; www.newellbrands.com) makes a wide range of consumer and household products such as PaperMate pens, Elmer’s glue, Rubbermaid food containers, and Graco baby strollers.
IMPERIAL OIL LTD., $184.17, is a buy. The company (Toronto symbol IMO; Shares outstanding: 483.6 million; Market cap: $89.1 billion; TSINetwork Rating: Average; Dividend yield: 1.9%; www.imperialoil.ca) now plans to spend about $2.0 billion on capital upgrades and exploration for all of 2026. These investments will probably increase this year’s production by about 3%. However, the company expects maintenance projects will cut volumes at its refineries by 6%.
We think Imperial can easily afford these outlays. It ended the quarter with cash of $2.84 billion, while its long-term debt was $4.00 billion, or a low 4.5% of its market cap.
We think Imperial can easily afford these outlays. It ended the quarter with cash of $2.84 billion, while its long-term debt was $4.00 billion, or a low 4.5% of its market cap.
Oil prices remain volatile due to the conflict in the Middle East. We feel the best way for conservative investors to gain exposure to this vital industry is with integrated producers like Imperial Oil as their refineries help offset the impact of changing crude prices. Imperial, in particular, is also returning more of its excess cash flow to shareholders.
Dividends can contribute up to a third of your long-term investment returns. Here are 5 Canadian dividend stocks we recommend holding.
IMPERIAL OIL LTD., $171.74, is a buy. The company (Toronto symbol IMO; Shares outstanding: 483.6 million; Market cap: $83.1 billion; TSINetwork Rating: Average; Dividend yield: 2.0%; www.imperialoil.ca) continues to reward investors, thanks to war-inflated crude oil prices and cash flow.
With the April 2026 payment, it raised your quarterly dividend by 20.8%. Investors now receive $0.87 a share instead of $0.72. The new annual rate of $3.48 yields 2.0%.
With the April 2026 payment, it raised your quarterly dividend by 20.8%. Investors now receive $0.87 a share instead of $0.72. The new annual rate of $3.48 yields 2.0%.
The shares of oil and gas stocks remain high as energy demand stays strong and prices remain high in the wake of the Mideast conflict. We continue to recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio. Here are two buys.
IMPERIAL OIL LTD., $175.68, is a buy. The company (Toronto symbol IMO; Shares o/s: 483.6 million; Market cap: $85.0 billion; TSINetwork Rating: Average; Yield: 2.0%; imperialoil.ca) produced an average of 419,000 barrels of oil equivalent (99% oil, 1% natural gas) per day for the three months ended March 31, 2026. That’s up 0.2% from 418,000 a year earlier. Still, due to outages, its refineries processed 384,000 barrels a day—down 3.3%.
IMPERIAL OIL LTD., $175.68, is a buy. The company (Toronto symbol IMO; Shares o/s: 483.6 million; Market cap: $85.0 billion; TSINetwork Rating: Average; Yield: 2.0%; imperialoil.ca) produced an average of 419,000 barrels of oil equivalent (99% oil, 1% natural gas) per day for the three months ended March 31, 2026. That’s up 0.2% from 418,000 a year earlier. Still, due to outages, its refineries processed 384,000 barrels a day—down 3.3%.
IMPERIAL OIL LTD. $172 produced an average 419,000 barrels of oil equivalent (99% oil, 1% natural gas) per day for the three months ended March 31, 2026. That’s up 0.2% from 418,000 a year earlier.
Still, due to outages, the oil giant’s refineries processed 384,000 barrels a day—down 3.3%. As a result, Imperial’s revenue in the quarter fell 0.6%, to $12.45 billion from $12.52 billion. A higher tax bill also cut overall cash flow by 29.6%, to $1.24 billion from $1.76 billion. Cash flow per share declined 25.8%, to $2.56 from $3.45, on fewer shares outstanding.
Still, due to outages, the oil giant’s refineries processed 384,000 barrels a day—down 3.3%. As a result, Imperial’s revenue in the quarter fell 0.6%, to $12.45 billion from $12.52 billion. A higher tax bill also cut overall cash flow by 29.6%, to $1.24 billion from $1.76 billion. Cash flow per share declined 25.8%, to $2.56 from $3.45, on fewer shares outstanding.