Imperial Oil has renewed its normal course issuer bid for the next 12 months, setting up a buyback program for as many as 24,179,635 common shares, or 5% of the 483,592,715 shares outstanding as of June 15, 2026.
The new program begins June 29, 2026 and runs to June 28, 2027 unless the company reaches the maximum earlier. The cap is lower than the 25,452,248 shares Imperial was able to repurchase under its prior program, which ended Dec. 17, 2025.
Under the new bid, Imperial’s daily purchase limit for shares held by investors other than ExxonMobil will be 211,756 shares, equal to 25% of the average daily trading volume of 847,026 shares from Dec. 1, 2025 to May 31, 2026.
In the last program, Imperial bought the full amount available: 25,452,248 shares in total. That included 7,737,502 shares purchased on the open market and 17,714,746 shares bought from ExxonMobil to preserve ExxonMobil’s ownership stake at about 69.6%.
Imperial said ExxonMobil will again be allowed to sell shares under the new bid to keep its ownership at approximately 69.6%. The company also said the new program will be used to offset dilution from shares issued under its restricted stock unit plan.
The prior buyback cost about $3.18 billion, at an average price of $124.93 per share. As a result of these announcements, the company's shares have moved -0.04% on the market, and are now trading at a price of $113.96. If you want to know more, read the company's complete 8-K report here.
