IMO News & Events

Reports Q4 revenue C$11.28B vs. C$12.61B last year. "This past year demonstrated the strength of our integrated business model, as we achieved record annual crude production, deployed advantaged technology at Cold Lake, and started up Canada's largest renewable diesel facility," said John Whelan, chairman, president and chief executive officer. "Looking ahead, we are confident in our plans to profitably grow volumes, lower unit cash costs1, and progress our restructuring, while maintaining our focus on safety and operational excellence."

"Our corporate strategy, capital expenditure plans and efficiency initiatives, including restructuring, give me confidence in our ability to continue to grow shareholder value and returns," said Whelan. "I am pleased to announce a 20 percent increase in our dividend to 87 cents per share."