IMPERIAL OIL LIMITED (IMO) Stocks
ABOUT IMPERIAL OIL LIMITED
📊 Imperial Oil Limited is Canada’s second-biggest integrated oil company with Exxon Mobil Corp. having a 69.6 percent ownership stake in it.
📊 The company is a significant producer of crude oil, diluted bitumen and natural gas. It is Canada’s major petroleum refiner and a key petrochemical producer. They have coast-to-coast supply and retail networks, including Esso-brand service stations and On the Run/Marché Express and Tiger Express-brand convenience stores.
📊 Imperial Oil Limited is also known for its holdings in the Alberta Oil Sands where it owns 25 percent of Syncrude, one of the world’s largest oil sands operations. Imperial’s joint venture oil sands mining operation with ExxonMobil Corp. is called Kearl Oil Sands.
📊 The company was based in Toronto, Ontario, until 2005 but now has its headquarters in Calgary, Alberta.
📊 The company originated in Ontario in 1880 and its association with ExxonMobil dates to 1898.
OVERVIEW OF IMPERIAL OIL LIMITED
Imperial Oil Limited produces and refines natural gas and petroleum products and manufactures petrochemicals.
The company’s operations are concentrated in Canada with almost 6 000 full time employees. It operates through Upstream, Downstream, and Chemical segments. The Upstream segment explores for crude oil, natural gas, synthetic oil and bitumen.
The Downstream segment transports and refines crude oil and blends, distributes and markets refined products. It also transports crude oil to refineries, maintains the distribution systems and owns and operates natural gas liquids and products pipelines in Alberta, Manitoba, and Ontario. The Chemical segment manufactures and markets various petrochemicals and polyethylene.
VISION & VALUES OF IMPERIAL OIL LIMITED
Imperial Oil Limited is committed to operating environmentally responsible and seeks to balance the environmental impact of operations with the social and economic needs of communities.
The company is committed to act on climate change and its long-term objective is to reduce the risk of serious impacts to humanity and to ecosystems at minimum societal cost. Imperial recognises the importance of water to local communities and strives to balance its operational needs with economic growth, social development and environmental protection.
They focus on freshwater conservation, recycling and reuse opportunities, innovation, and efficient use of water through the design and operation of facilities.
Imperial Oil Limited adheres to its value chain to ensure the organisation reaches its goals set to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.
MARKET PERFORMANCE OF IMPERIAL OIL LIMITED
Imperial Oil Limited’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol IMO listed in the Energy, Oil and Gas Producing sector.
Highlights of the company’s performance include estimated net income in the third quarter of 2019 of $ 424 million, compared to net income of $ 749 million in the same period of 2018. Cash generated from operating activities for this quarter totalled nearly $ 1.4 billion, up from $ 1.2 billion in 2018.
Overall upstream gross oil-equivalent production averaged 407 000 barrels per day, up from 393 000 barrels per day in the third quarter of 2018.
Due to Imperial Oil Limited’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.
Buy IMPERIAL OIL LIMITED stocks / shares – 📈 A Step by Step Guide how to Buy / Purchase IMPERIAL OIL LIMITED Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy IMPERIAL OIL LIMITED Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN IMPERIAL OIL LIMITED STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE IMPERIAL OIL LIMITED STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of IMPERIAL OIL LIMITED stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy IMPERIAL OIL LIMITED stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?