Imperial Standard

Imperial Oil Is A Unique Investment

Imperial Oil (IMO) is a Canadian integrated oil company and one of the largest in Canada with a market capitalization of more than $30 billion. The company is almost 70% owned by Exxon Mobil (XOM) making up ~6% of Exxon Mobil's enterprise value. As we'll see throughout this article, Imperial Oil has an impressive portfolio of assets to support future shareholder rewards.

Imperial Oil Ltd. stock rises Monday, outperforms market

Shares of Imperial Oil Ltd. IMO, -1.43% inched 0.26% higher to C$58.92 Monday, in what proved to be an otherwise all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +0.41% falling 0.46% to 21,304.40. This was the stock's second consecutive day of gains. Imperial Oil Ltd. hit a new 52-week high, surpassing its previous peak of C$58.79, which the company reached on March 4th. Trading volume of 1.9 M shares eclipsed its 50-day average volume of 1.5 M.