0833 ET - The presentations delivered at Imperial Oil's recent investor open house in Toronto have renewed RBC Capital Markets' confidence in the energy company's outlook discipline and shareholder returns. What stood out most to RBC was the power of Imperial's relationship with ExxonMobil and the multitude of initiatives, especially in the upstream, underway that are aimed at enhancing efficiency and margin capture. Imperial affirmed 2025 production of 433,000-456,000 boe/day and is looking at 2026-29 output rising to a range of 470,000-480,000 boe/day. RBC maintains a sector perform call and C$101 one-year price target; shares were last at C$88.37. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
April 21, 2025 08:33 ET (12:33 GMT)
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