IMPERIAL OIL LTD

Imperial Oil Limited announced it has received final acceptance from the Toronto Stock Exchange for a normal course issuer bid (NCIB). The company plans to repurchase up to five percent of its 483,592,715 outstanding common shares, totaling a maximum of 24,179,635 shares, over the next 12 months. The new program will commence on June 29, 2026, and conclude by June 28, 2027. ExxonMobil, Imperial's majority shareholder, intends to participate to maintain its approximate 69.6 percent ownership.

Imperial Oil Limited held its annual meeting of shareholders on May 4, 2026. During the meeting, all seven proposed director nominees were successfully elected to hold office until the next annual meeting. Additionally, PricewaterhouseCoopers LLP was reappointed as the company's auditor. A significant 92.65% of outstanding common shares, totaling 448,035,687 shares, were represented at the meeting.

Imperial Oil Limited's Chairman, President, and CEO, John Whelan, presented at the company's Annual General Meeting, providing an update on current operations, major projects, and strategic plans. The presentation highlighted strong 2025 financial results, including $3.3 billion in net income and $4.8 billion in free cash flow. The company also reported record production, significant safety achievements, and progress on future growth initiatives like the Strathcona renewable diesel facility.

Imperial Oil Limited announced it will host a first quarter earnings call on May 1, 2026, at 9:00 a.m. MT. This call will follow the release of the company's first quarter earnings results, providing an opportunity for management to discuss financial performance and business updates with investors and analysts.