Calgary-based Imperial Oil Ltd. plans to use proceeds from high oil prices it realized during 2Q2022 to return more cash to shareholders and reduce greenhouse gas (GHG) emissions; goals echoed by its Canadian peers.


The management teams of Canadian Natural Resources Ltd. (CNRL), Cenovus Energy Inc., Imperial and Suncor Energy Inc. each held recent conference calls to discuss their quarterly results. The exploration and production (E&P) companies report in Canadian dollars (C$1.00 =78 cents).

“After a challenging start to 2022 with some significant weather impacts, I’m very pleased to say that our operations returned to normal in the second quarter, which underpinned the outstanding results that we reported earlier today,” Imperial CEO Brad Corson told analysts. 

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