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Imperial Oil Ltd(IMO-A)
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Chart of the Day: Imperial Oil Soars to a 7-3/4 Year High

Barchart - Tue May 3, 2022

Theย Barchart Chart of the Dayย belongs to Imperial Oil Ltd (IMO). ย I found the stock by using Barchart.com to find the "Barchart New Highs" page, and then I clicked on pull-down to select stocks with new all-time highs.ย  I then viewed the stocks on the list with the FlipCharts feature.ย 

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Imperial Oil Ltd climbed to a 7-3/4 year high today at $53.13, and closed up by +4.70%.ย  The stock today took out the former 7-1/2 year high from April 21 at $52.54. ย Barchartโ€™s TrendSpotter turned long on the stock last Friday, with a gain thus far of 6.00%.

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Imperial Oil Ltd is mainly engaged in the oil & gas production, petroleum products refining, and marketing and chemical business. ย It is Canada's largest jet fuel supplier & a major producer of asphalt. ย It primarily operates under three segments: Upstream, Downstream and Chemical. ย The upstream unit is involved in the exploration and production of crude and synthetic oil, bitumen and natural gas. ย Imperial Oil primarily focuses on three main assets in Alberta - the Syncrude oil sands joint venture with Suncor Energy, the Aspen, & the Kearl oil sands projects. ย It's upstream assets have a proved reserve life of nearly 30 years. ย The downstream segment deals with the refining of crude oil along with distribution and marketing of refined products. ย The unit is engaged with the selling of petroleum products under the Esso & Mobil brands with 1,800 retail sites. ย The Chemical segment is concerned with the manufacture and marketing of various petrochemicals including plasticizers, polyethylene resins, benzene among others.

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Provided Content: Content provided by Barchart. The Globe and Mail was not involved, and material was not reviewed prior to publication.