**Imperial Oil Limited (IMO), Canada’s largest oil refiner,** reported a fourth-quarter earnings beat on January 30, 2026, with earnings of $1.41 per share, exceeding the Zacks Consensus Estimate of $1.36. This marked the company’s fifteenth consecutive earnings beat. In February 2026, oil prices surged above $100 a barrel due to the ongoing conflict in the Middle East, specifically the closure of the Strait of Hormuz, which removed up to 10 million barrels of oil per day from the market.
Analysts have revised earnings estimates for Imperial Oil in light of these developments, with the Zacks Consensus raising the 2026 earnings projection from $5.20 to $6.48, reflecting a growth rate of 6.2% from last year. Following these changes, shares of Imperial Oil have reached five-year highs, buoyed by favorable market conditions and a renewed focus on energy production amid geopolitical tensions. The company is set to report its first-quarter earnings on May 1, 2026.
