Imperial plans restructuring with $150 million annual savings by 2028

Go back to Imperial plans restructuring with $150 million annual savings by 2028

Imperial announces restructuring to further advance its well-established strategy of increasing cash flow and delivering industry-leading shareholder returns

September 29, 2025 6:00 PM EDT

Leverages technology and global capability centres to deliver increased value Capitalizes on unique competitive advantage provided by access to major shareholders technology and global capability centres Drives long-term revenue growth and productivity of Imperials long-life advantaged assets Committed to meet or beat previously announced production and cost targets Expected annual expense savings of $150 million

CALGARY, Alberta--(BUSINESS WIRE)-- Imperial (TSE: IMO, NYSE American: IMO) today announced plans to further improve its industry-leading performance by centralizing additional corporate and technical activities in global business and technology... More