Imperial Oil Limited has received final acceptance from the Toronto Stock Exchange for a new normal course issuer bid to repurchase up to five percent of its outstanding common shares, or a maximum of 24,179,635 shares, over the next 12 months. The program begins June 29, 2026, and will end when the maximum is reached or on June 28, 2027. Majority shareholder ExxonMobil, which holds approximately 69.6 percent, intends to participate to maintain its proportionate ownership, as it has in prior years. Under the previous program, Imperial repurchased the maximum 25,452,248 shares at a total cost of about $3,180 million and an average cost of $124.93 per share. The company says the buyback reflects its strong balance sheet, low capital requirements, and priority to return cash to shareholders.
Imperial Oil LtdImperial Oil announces a new share buyback program for up to 5% of shares, reflecting strong balance sheet and commitment to returning cash to shareholders.
Exxon Mobil Corp