IMO
TSX · Upstream, Kearl, refining · 11 desk pieces in archive
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Imperial Oil said October 20 it will host a third-quarter 2026 earnings call on Friday, October 30, after that morning's results release. Chairman and CEO John Whelan and investor relations will take analyst questions on a webcast starting at 9:00 a.m. Mountain. This is the call invitation. It is not Q3 net income.
Reuters had the October WTI contract at $93.28 a barrel at 1027 GMT Tuesday, down $2.50 or 2.61 percent. November Brent was $98.33, down $2.01 or 2 percent. Three sources said the East-West line was pumping again. Saudi Arabia has not posted a Yanbu loading restart.
Reuters had the October WTI contract at $97.61 a barrel at 8:54 a.m. ET Monday, down $2.69 or 2.7 percent. November Brent was $101.18, down $2.69 or 2.6 percent. Houthis said they hit Yanbu on Saturday. Saudi Arabia has not confirmed damage there.
Reuters had Brent down 88 cents, or 0.84 percent, to $103.94 at 1225 GMT Friday. WTI was little changed at $102.15. Brent is on track for its first weekly loss in three. Reports say Saudi Arabia wants about half of East-West capacity back within days. Yanbu loadings have not been declared back.
Premier Danielle Smith told the Oil Sands Expo in Fort McMurray on Wednesday the revised royalty regime will be announced in November. Bloomberg and the Financial Post carried it September 17. She wants more oilsands spend to help fill a proposed million-barrel-a-day pipe. No Gazette paper landed overnight.
Reuters had Brent down $3.11 to $102.72 and WTI down $1.96 to $100.47 at 1324 GMT Thursday, a one-week low. Saudi extra cargoes off Oman took heat out of the tape. The East-West line and Yanbu loadings have not been declared back.
Oil Sands Alliance president Kendall Dilling told Carbon Capture Canada the new first-year capital write-off helps the Pathways case but is not enough on its own. Alberta's Brian Jean said Ottawa, the province, and the five producers are still aiming at binding papers by mid-November.
Treasury Board said September 15 the federal fuel excise tax stay on gasoline, diesel, and aviation fuel runs through January 31, 2027. Half rates apply in February and March. The extension is estimated at $2.9 billion on top of relief already booked.
On July 31 Imperial reported second-quarter net income of $2.19 billion and said its heaviest planned turnaround quarter is complete. The company plans to accelerate its normal course issuer bid and finish the remaining allowable purchases before year end. Refinery throughput guidance was cut.
Imperial declared a third-quarter dividend of 87 cents per share on July 31, payable October 1 to shareholders of record September 4. The amount matches Q2. Imperial cited 31 consecutive years of annual dividend increases.
Imperial's July 31 Q2 release showed $2,190 million of net income and 414,000 barrels a day upstream. Kearl did 257,000 barrels gross. After the quarter, Ottawa, Alberta, and oil-sands companies signed a non-binding trilateral memo. Pathways still needs real agreements.