IMO Earnings Prediction
The chart below shows how IMO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IMO sees a -0.60% change in stock price 10 days leading up to the earnings, and a +0.87% change 10 days following the report. On the earnings day itself, the stock moves by -1.10%. This data can give you a slight idea of what to expect for the next quarter's release.
IMO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
12.55B
-3.54%
-5.05%
Gross Margin
19.14%
-1.59%
3.01%
Operating Margin
12.11%
-4.95%
1.94%
Net Margin
9.76%
-6.96%
4.27%
EPS
2.37
-4.05%
1.72%
No Data Available
IMO Earnings Analysis
Imperial Oil Ltd Corporation (IMO.A) Earnings Conference Call
Positive
Record Oil Production: Highest Q4 production in 30 years with 460,000 gross oil equivalent barrels per day, contributing to the highest annual upstream production in over 30 years at 433,000 barrels per day.
Unit Cash Cost Reduction: Achieved a unit cash cost reduction of nearly US$3 per barrel compared to full year 2023, with expectations for further reductions in 2025.
Refinery Throughput Performance: Refinery throughput averaged 411,000 barrels per day in Q4, reflecting a utilization rate of 95%, the highest quarter this year, and achieving the top end of full year guidance with 92% utilization.
Shareholder Return Increase: Returned $3.9 billion to shareholders in 2024, including a 20% increase in the quarterly dividend to $0.72 per share, marking the largest nominal dividend increase in company history.
Production Growth Overview: Kearl's production averaged 299,000 barrels per day in Q4, with a full year production record of 281,000 barrels per day, reflecting a 35% increase over the past five years.
Negative
Q4 Earnings Decline: Earnings for Q4 2024 were $1,225,000,000, a decrease of $140,000,000 from Q4 2023, primarily due to lower margins in the downstream business.
Upstream Earnings Decline: Upstream earnings of $878,000,000 in Q4 2024 were down $149,000,000 from Q3 2024, primarily due to lower realizations despite higher volumes.
Decline in Operating Cash Flow: Cash flows from operating activities for Q4 2024 were $1,650,000,000, down $147,000,000 from Q3 2024, indicating a decline in cash generation.
Chemical Earnings Decline: Chemical business earnings were $21,000,000 in Q4 2024, down $7,000,000 from Q3 2024, driven by lower prices and the absence of prior year earnings shifts.
Petroleum Sales Decline: Petroleum product sales in Q4 2024 were 458,000 barrels per day, down 29,000 barrels per day versus Q3 2024 and down 18,000 barrels per day versus Q4 2023, reflecting variability in discretionary sales choices.
IMO FAQs
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IMO Earning Call Sentiment
Earnings call transcript: Imperial Oil Q4 2024 misses revenue forecast
IMO.A
-0.41%Positive
The earnings call indicates strong shareholder returns with a 20% dividend increase and substantial share buybacks, which are positive indicators. While there are some concerns about lower margins and unclear guidance on certain projects, the overall sentiment is buoyed by increased upstream production and strategic capital allocation. The Q&A section reveals resilience in refining earnings and promising developments in projects like Grand Rapids and Kearl. Despite some uncertainties, the positive aspects outweigh the negatives, suggesting a likely positive stock price movement.
