Imperial Oil stock, one of the largest energy companies in Canada, has seen a rollercoaster ride in the stock market in recent years. Established in 1880, the company has a long history of success and has been a major player in the energy sector. However, in the past few years, the company has faced some challenges that have led to a significant decrease in its stock value.

The stock price of Imperial Oil reached an all-time high of $50 per share in October 2018. This was due to various factors, including the company’s strong financial performance and the rising demand for energy resources. However, in the following months, the stock price started to decline steadily, reaching a low of $20 per share in December 2020. This significant drop in stock value was largely attributed to the decline in global oil prices, as well as the impact of the COVID-19 pandemic on the energy industry. Despite a slight recovery in early 2021, the stock price remains well below its peak in 2018.

Imperial Oil’s stock performance has also been affected by internal factors. In 2020, the company reported a net loss of $719 million, compared to a net profit of $2.5 billion in 2019. This was partly due to a decrease in production and an increase in expenses. In addition,