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Dec 16, 2025 8:00 AM

Imperial Oil Projects Up To 460,000 Barrels Per Day Of Production In 2026

Imperial Oil Limited (AMEX:IMO) on Monday released its corporate guidance for 2026.

The company emphasized a strategy focused on maximizing the value of existing assets, advancing high-value growth opportunities, and delivering strong shareholder returns.

The company sees capital and exploration expenditures of 2.0–2.2 billion Canadian dollars, targeting projects that enhance long-term profitability.

Also Read: IEA Slashes 2026 Oil Glut Forecast In Rare Warning As Demand Surges, Sanctions Hit Supply And Global Markets Brace For A Massive Shakeup

Upstream Projections

In Upstream, the company expects the spending to support secondary bitumen recovery at Kearl, high-value infill drilling and Mahihkan SA-SAGD at Cold Lake, and mining developments at Kearl and ...