Imperial Oil Issues C$1.9-C$2.1 Billion Capex Guidance for 2025
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Imperial Oil Limited IMO released its corporate guidance outlook on Dec. 12 with a prime focus on profitable volume growth and increased cash flow. The Canadian integrated energy company forecasted its capital and exploration expenditures of C$1.9 to C$2.1 billion, with a balanced investment toward its upstream and downstream operations.IMO’s Upstream ProjectionsA significant portion of the capital investment is planned to be directed toward upstream operations to enhance production volumes. The investments will be directed toward key projects like Kearl, where investment in technology will boost bitumen recovery and enhance the mine progression work; the Leming redevelopment project, where completion of the project using innovative steam-assisted gravity drainage technology will have far-reaching effects beyond 2026; and the Grand Rapids project at Cold Lake, which is going to deliver its first full year contribution.The anticipated investments in the above-mentioned projects are likely to boost production levels between 433,000 and 456,000 barrels of oil equivalent per day in 2025, ensuring a robust contribution toward the energy industry.Downstream Transformation: Strathcona Renewable DieselIMO’s downstream capital investments focus on efficiency and low-carbon initiatives. The investments in the downstream operations are proposed to be directed toward the Strathcona renewable diesel project and other optimization initiatives that can potentially enhance logistics and processing flexibility.The Strathcona Renewable Diesel project, expected to start in mid 2025, embodies Imperial's shift toward lower-carbon products. The lower turnaround schedule of the company supports higher throughput over the years; therefore the start-up of the Strathcona renewable project is expected to increase the sales volume.IMO, currently carrying a Zacks Rank #3 (Hold),anticipates that investments in the above-said projects are likely to boost the throughput between 405,000 and 415,000 barrels per day with capacity optimization between 94% and 96%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Some other Canadian companies, like Suncor Energy Inc. SU and Pembina Pipeline Corporation PBA, also announced their 2025 corporate outlook plans in December.Suncor Energy has forecasted a disciplined capital investment program to strike a balance between investments to sustain its existing business and investments in high-value economic opportunities. The major investments of Suncor Energy include the replacement of the Upgrader1 coke drums at the Base Plant, the development of projects like Mildred Lake and West White Rose and the improvement of the Petro-Canada retail network.Pembina Pipeline also introduced its $1.1 billion capital investment program for 2025, focusing on constructing ongoing projects and developing future projects to boost volumes. The company anticipates generating a positive cash flow where all the 2025 capital investment programs will be funded by cash flow from operating activities.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Suncor Energy Inc. (SU): Free Stock Analysis Report Imperial Oil Limited (IMO): Free Stock Analysis Report Pembina Pipeline Corp. (PBA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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