Imperial Oil Limited (IMO)

Imperial Oil Ltd. stock has experienced significant upward momentum, increasing by 42.87% in the past six months and 77.87% over the last 12 months. In February 2026, RBC Capital downgraded Imperial Oil to "Underperform" due to valuation concerns, while TD Cowen maintained a "Sell" rating. In January 2026, Imperial Oil announced its fourth-quarter 2025 results, reporting a decrease in profit due to sliding crude prices but highlighted high upstream production and raised its quarterly dividend by 21%.

Imperial Oil's products and services experience demand seasonality, with the first quarter of fiscal year 2024 seeing an expected seasonal decrease in Upstream production volume. The broader energy sector often sees increased demand for heating oil in colder months and gasoline during summer driving seasons.

Imperial Oil Limited is a Canadian petroleum company and Canada's second-largest integrated oil company, majority-owned by ExxonMobil. It operates in the Energy sector, engaging in all phases of the petroleum industry through its Upstream, Downstream, and Chemical segments. The Upstream segment focuses on the exploration and production of crude oil, natural gas, synthetic crude oil, bitumen, and diluted bitumen, with key assets in the Alberta oil sands and the Norman Wells oil field. The Downstream segment involves the transportation, refining, and marketing of petroleum products under the Esso and Mobil brands. The Chemical segment manufactures and markets hydrocarbon-based chemicals and is pursuing lower-emission business opportunities.

Imperial Oil's operations are primarily concentrated in Canada, with natural resource holdings in the Alberta oil sands and the Norman Wells oil field. Its refining capacity is spread across three refineries in Nanticoke, Sarnia, and Strathcona. The company's distribution network ensures its products reach customers throughout Canada, and its headquarters are in Calgary, Alberta.

Imperial Oil has been actively pursuing lower-emission business opportunities, including carbon capture and storage, hydrogen, and lower-emission fuels. Regulatory filings began for the proposed Pathways Alliance carbon capture and storage project, which could positively contribute to its environmental reputation. Imperial Oil was ranked 34th in the Arctic Environmental Responsibility Index (AERI) for 2021. Analyst downgrades in early 2026 were primarily due to valuation concerns rather than operational or ethical issues.

Imperial Oil Limited is majority-owned by ExxonMobil, which holds a 69.6% ownership stake. The remaining shares are publicly traded on the Toronto Stock Exchange (TSX: IMO) and the NYSE American (NYSE: IMO). Major institutional owners include Fmr Llc, First Eagle Investment Management, LLC, Royal Bank Of Canada, Vanguard Group Inc, TD Asset Management Inc, Bank Of America Corp /de/, and Bank Of Montreal /can/.