08:57 AM EST, 12/12/2024 (MT Newswires) -- Imperial Oil ( IMO ) 's share price inched down 0.6% at last look Thursday in NYSE American pre-market trading as the company released its guidance for 2025.

The company expects to report upstream production of 433,000 to 456,000 barrels of oil equivalent per day (boe/d) in 2025.

Imperial estimated its capital and exploration expenditures in the range of $1.9 billion to $2.1 billion.

"Our 2025 plan builds on our momentum and positions the company to achieve even stronger operating performance with higher volumes and lower unit cash costs at Kearl and Cold Lake," said Brad Corson, Imperial Oil's ( IMO ) chairman, president and CEO.

"Our strategic investments and continued focus on profitable volume growth, lowering costs and driving efficiencies have enhanced Imperial's ability to increase free cash flow1 over a range of business conditions," Corson added.