IMPERIAL OIL Reports Strong FY2022 Q4 Earnings Ahead of 2023 Deadline.

Earnings Overview

On January 31, 2023, IMPERIAL OIL ($TSX:IMO) reported their fourth quarter Fiscal Year 2022 earnings for the period ending December 31, 2022. They experienced a 113.6% increase in total revenue year over year, reaching CAD 1.7 billion, and their net income increased 17.4%, totaling CAD 14.4 billion.

Share Price

IMPERIAL OIL was in the news on Tuesday, with strong fourth quarter earnings for FY2022 reported. The opening stock price for the day was CA$71.8, and it closed at CA$72.7, a gain of 2.9% from the prior day’s closing price of CA$70.6. This is a promising sign for IMPERIAL OIL, who had set a goal of reaching accelerated growth in the lead up to 2023. The company has also been active in strategic investments and acquisitions, with an aim of increasing their market share and expanding into new markets. This has contributed to the strong performance of their stock, as investors are confident in the company’s ability to meet their 2023 goals.

This is part of their commitment to sustainability and environmental stewardship, which has been well-received by investors. Overall, IMPERIAL OIL’s performance on Tuesday was a positive indication of their progress towards achieving their 2023 goals. With strategic investments and acquisitions, commitment to sustainability, and strong fourth quarter earnings, IMPERIAL OIL is well-positioned to achieve their goals in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Imperial Oil. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Imperial Oil. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Imperial Oil. More…

Key Ratios Snapshot

Some of the financial key ratios for Imperial Oil are shown below. More…

Analysis

At GoodWhale, we’ve conducted a comprehensive analysis of IMPERIAL OIL‘s fundamental performance. Our Risk Rating gives IMPERIAL OIL a score of medium risk, meaning that there are some risks that should be taken into consideration when investing in this company. We’ve detected two risk warnings in the company’s financials, specifically in the income sheet and balance sheet. As a registered user, you can access the full analysis we’ve done and review these warnings in more detail. With GoodWhale, you can get complete insight into a company and make informed decisions about whether or not to invest. More…

Peers

Its main competitors include Cenovus Energy Inc, YPF SA, and Equinor ASA. All four companies are involved in the exploration, production, and marketing of energy resources, and all have established long-term strategies for growth in the industry.

– Cenovus Energy Inc ($TSX:CVE)

Cenovus Energy Inc is a Calgary-based integrated oil and natural gas company that focuses on the development, production and marketing of crude oil, natural gas and natural gas liquids. As of 2022, Cenovus Energy Inc has a market capitalization of 47.01 billion, making it one of the largest oil and gas companies in Canada. The company also boasts a solid Return on Equity of 19.76%, which is higher than the industry average of 18.2%. This impressive performance indicates that Cenovus is efficiently utilizing their assets to generate profits for shareholders. As one of the largest integrated oil and gas companies in Canada, Cenovus Energy Inc is well positioned to continue to be a leader in the industry.

– YPF SA ($BER:YPF)

YPF SA is an integrated oil and gas company based in Argentina. It is the country’s largest energy company, specializing in exploration and production, refining, transportation, and distribution of hydrocarbons. The company’s market cap of 2.77B reflects its strong financial performance, with a return on equity of 22.79%. YPF SA has been able to generate strong returns for investors due to its efficient operations and continuous development of new resources. The company has also invested heavily in technology and innovation to increase efficiency and productivity. YPF SA is well-positioned to continue to grow its market cap and return on equity in the future.

– Equinor ASA ($OTCPK:STOHF)

Equinor ASA is a multinational energy company based in Norway. The company is engaged in oil and gas exploration and production, as well as renewable energy and energy services. As of 2021, the company has a market capitalization of 111.75 billion dollars, making it one of the largest public companies in the world. Additionally, the company has an impressive return on equity of 116.26%, reflecting strong performance in its core business segments. This is indicative of its overall focus on delivering strong financial performance and shareholder value.

Summary

Investors analyzing Imperial Oil‘s Q4 FY2022 results may be pleased to see strong revenue and net income growth. Revenue for the period ended January 31, 2023 increased 113.6% year over year to CAD 1.7 billion, while net income increased 17.4% to CAD 14.4 billion. These results indicate that Imperial Oil is performing well, as they continue to increase their appeal to investors. With a focus on diversifying their business portfolio and expanding their operations, Imperial Oil may continue its positive trajectory going forward.