$IMO

Canada, Alberta, and five oil sands producers (Canadian Natural, Suncor, Cenovus, Imperial Oil, ConocoPhillips Canada) signed an MOU linking production growth to carbon capture investments. The Pathways CCS project aims for 6M tonnes/year by 2035, 16M by 2045. Binding agreements are targeted for Nov 2026, with final investment decisions expected in late 2027 or early 2028. Growth depends on favorable economics and fiscal terms.

Desjardins Securities analyst Robert Mann raised target prices for Canadian energy companies, citing stronger commodity prices and balance sheet flexibility. He increased targets for CNQ, CVE, IMO, SU, TOU, WCP. RBC analyst James McGarragle reaffirmed Chorus Aviation (CHR) as a top pick, citing growth and value.

Imperial Oil, a unit of Exxon Mobil, became the first major Alberta energy company to oppose separatism, with CEO John Whelan stating a united Canada is best for business. Alberta will vote on authorizing an independence referendum. A study estimates GDP impacts ranging from -2.2% to +3.4% long-term. Other energy executives have not taken a public stance. Imperial supports Premier Danielle Smith's production goals, aiming to double upstream production.

Canada's federal and Alberta governments, along with five major oil sands producers, have outlined commitments for the West Coast Oil Pipeline (WCOP). The project aims to transport 1 million barrels/day to the BC coast, reducing reliance on US exports. Companies involved include Canadian Natural Resources, Cenovus Energy, ConocoPhillips Canada, Imperial Oil, and Suncor Energy. They agreed to advance emissions reductions and carbon capture initiatives, a condition for federal support. The agreeme

Executives at Canadian oil sands companies saw significant increases in stock holdings' value, with three leaders gaining over $1 billion in unrealized profits from January to August 2026. CNRL's Murray Edwards, Suncor's Rich Kruger, and Imperial Oil's John Whelan benefited from rising oil prices due to the war in Iran. CNRL and Suncor stocks rose to $70.81 and $94 respectively, while Imperial Oil and Exxon holdings also increased in value.

The U.S. imposed 50% tariffs on Canadian imports, risking a trade war. Sectors like automotive, aluminum, and energy are vulnerable due to integrated supply chains. Companies like Magna International (MGA), Teck Resources (TECK), Suncor Energy (SU), and Imperial Oil (IMO) face exposure, while U.S. producers like Nucor (NUE) may benefit. Morgan Stanley suggests potential tariff reductions but warns of margin impacts.

Canada's major oil producers, including Canadian Natural Resources, Imperial Oil, Suncor Energy, Cenovus Energy, and ConocoPhillips Canada, aim to decide on the Pathways carbon capture project by late 2027. The project, targeting 6 million tonnes of emissions reduction, is crucial for growing oil production while managing emissions. The Oil Sands Alliance expects fiscal terms agreements with governments by mid-November, with costs and regulatory approvals pending.

Imperial Oil said the Norman Wells oilfield has stopped producing, with the last barrel produced after more than 100 years. The field has produced an estimated 275 million barrels. Imperial previously planned closure in 2H 2026. NWT oil output fell to 1.29 million barrels in 2025, valued at $128.7 million. Oil ships via Enbridge’s pipeline to Zama.

Argus on Aug 12, 2026 raised its target price for Imperial Oil Ltd (IMO) to $143.00. The brief also lists other Argus target changes for Canadian-listed energy stocks, including CVE to $33.00, SU to $70.00, RRC to $45.00, CNQ to $52.00, and OVV to $67.00.

Canada’s four largest oil sands producers, Cenovus Energy, Suncor Energy, Imperial Oil and Canadian Natural Resources, reported combined $13.3B profit for the three months ended June 30, with annual profits potentially near $100B, according to the article. It links higher oil prices to the U.S. and Israel’s war on Iran and cites economist Jim Stanford’s view that consumers bear the cost. Enbridge postponed a Mainline phase, citing producer output.