Director buying at Imperial Oil (IMO)

Director buying at Imperial Oil (T:IMO)

David Stewart Sutherland, a Director, acquired 10,000 Common Shares on an indirect ownership basis for registered holder RBC Dominion Securities at a price of $39.791 on May 2nd, 2017. This represents a $397,909 investment into the company's shares and an account share holdings change of 22.2%.

Imperial Oil is in the Oil & Gas Refining and Marketing Sub Industry Group under the Energy Sector.

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen. It holds an interest in the Kearl oil sands project. The Downstream operations consist of the transportation and refining of crude oil, blending of refined products and the distribution and marketing of those products. The Chemical operations consist of the manufacturing and marketing of various petrochemicals. The Company is involved in the exploration for and development of crude oil and natural gas in Canada. The Company transports its crude oil production and third-party crude oil required to supply refineries by contracted pipelines, common carrier pipelines and rail. Imperial Oil Limited (IMO) has below median officer and director direct ownership compared to its large-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $397,909.