Imperial Oil (IMO) Provides 2023 Guidance

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Go back to Imperial Oil (IMO) Provides 2023 Guidance

Imperial provides 2023 corporate guidance outlook

December 19, 2022 7:00 PM EST

CALGARY, Alberta--(BUSINESS WIRE)-- Imperial (TSE: IMO, NYSE American: IMO) today provided an update on its corporate guidance outlook for 2023. The companys corporate strategy remains focused on maximizing performance of existing assets and select growth initiatives, while prioritizing shareholder returns and delivering key sustainability initiatives.

Capital spending is forecast at $1.7 billion and includes a planned ramp-up for the Strathcona Renewable Diesel project, application of solvent technologies at Cold Lake and ongoing investment on the in-pit tailings project at the Kearl oil sands facility. Imperial has included approximately $200 million in incremental capital in its... More