Imperial Oil (IMO) Issues 2022 Corporate Guidance Outlook

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Go back to Imperial Oil (IMO) Issues 2022 Corporate Guidance Outlook

Imperial provides 2022 corporate guidance outlook

December 17, 2021 7:55 AM EST

CALGARY, Alberta--(BUSINESS WIRE)-- Imperial (TSE: IMO, NYSE American: IMO) today provided an update on its corporate guidance outlook for 2022. The companys corporate strategy remains focused on maximizing performance of existing assets, prioritizing shareholder returns and progressing key sustainability initiatives.

Capital spending is forecast at $1.4 billion, reflecting continued capital discipline and efficient project execution. Spending for 2022 includes the ramp-up of the in-pit tailings project at the Kearl oil sands facility, completion and commissioning of the Sarnia products pipeline in southern Ontario as well as on-going investment in Kearls autonomous fleet and... More