S'abonner
PROFILE

International Petroleum repurchases 89,200 shares under its NCIB programme

International Petroleum Corporation repurchased 89,200 common shares between 26 and 30 May under its buyback programme compliant with Canadian and European regulations.

Share:

International Petroleum Corporation (IPC) announced that it repurchased 89,200 of its common shares between 26 and 30 May 2025, under its share buyback programme known as the normal course issuer bid (NCIB). This operation was carried out in accordance with the European Union Market Abuse Regulation (MAR) and Canadian regulatory requirements.

Transactions split across two markets

During the stated period, 60,000 shares were repurchased on the Nasdaq Stockholm exchange, through Pareto Securities AB acting on behalf of IPC. Simultaneously, 29,200 shares were acquired on the Toronto Stock Exchange (TSX) via ATB Securities Inc., also appointed by IPC for the operation. All repurchased shares will be cancelled, in line with the company’s policy to reduce outstanding capital.

Programme ongoing through December

Launched on 5 December 2024, the buyback programme allows for a maximum of 7,465,356 common shares to be acquired through to 4 December 2025. As of 30 May, IPC had already repurchased a total of 6,068,324 shares since the programme began, representing more than 81% of the authorised limit.

Outstanding share count reduced

During May, IPC cancelled 605,560 previously repurchased shares. At the end of the month, the total number of common shares outstanding stood at 113,642,559, including 40,000 shares held in treasury. These cancellations contribute to a gradual reduction of floating capital as part of ongoing financial management.

Compliance with multi-jurisdiction regulations

The programme is conducted in accordance with the EU MAR and Delegated Regulation (EU) 2016/1052, commonly referred to as the Safe Harbour Regulation. It also adheres to applicable Canadian and Swedish securities regulations and the internal policies of the TSX and Nasdaq Stockholm exchanges.

  • Popular on energynews.pro
Nscale, Aker and OpenAI launch Stargate Norway, a 100,000 GPU AI infrastructure project in Norway
Japanese refiners face critical challenge of Middle Eastern oil dependency
Avangrid and Tyba accelerate battery storage mapping on the US market
Pacific Green signs 1.5GWh agreement with ZEN Energy for energy storage in Australia
Engie stabilises its 2025 targets despite price declines and global uncertainty
Diamondback Energy reports $699mn net income and intensifies share buybacks in Q2 2025
Diamondback Energy posted a $699mn net income for the second quarter of 2025 and accelerated its share repurchase programme, supported by record production and an upward revision of its annual guidance.
Transocean reports a net loss of $938mn in the second quarter despite revenue growth
Swiss group Transocean reported a net loss of $938mn for the second quarter 2025, impacted by asset impairments, while revenue rose to $988mn thanks to improved rig utilisation.
bp accelerates maintenance and production with Argos extension in the Gulf of America
The rapid commissioning of bp’s Argos Southwest extension in the Gulf of America strengthens maintenance capabilities and optimises offshore oil production performance.
OPEC+ Accelerates Production Hikes Amid Shifting Oil Market Dynamics
Eight OPEC+ countries boost output by 547,000 barrels per day in September, completing their increase program twelve months early as Chinese demand plateaus.
India rejects Trump’s tariff threats over Russian oil purchases
New Delhi calls US sanctions unjustified and denounces double standard as Trump threatens to substantially increase tariffs.
BP increases net profit to $1.63 bn in the second quarter and launches share buyback
BP posts a net profit of $1.63 bn in the second quarter 2025, driven by operational performance, an operating cash flow of $6.3 bn and a new $750 mn share buyback programme.
Aramco maintains resilience with $24.5 billion profits in second quarter 2025
The Saudi oil giant posts solid results despite falling oil prices. The company pays $21.3 billion in dividends and advances its strategic projects.
Dangote entrusts refinery expansion to former Shell executive
Dangote Group appoints David Bird, former Shell executive, as head of its Refining and Petrochemicals division to accelerate regional growth and open up equity to Nigerian investors.
Indian Oil Corp acquires 7 mn barrels from the United States, Canada and the United Arab Emirates
Faced with falling discounts on Russian oil, Indian Oil Corp is purchasing large volumes from the United States, Canada and Abu Dhabi for September, shifting its usual sourcing strategy.
Chinese oil companies strengthen their presence in the Iraqi market
Independent Chinese oil companies are intensifying their investments in Iraq, aiming to double their production to 500,000 barrels per day by 2030 and compete with the sector’s historic majors.
OPEC+ increases production by 547,000 barrels as non-OPEC supply explodes
The eight voluntary OPEC+ members accelerate their market return in September despite weakened global demand and record production from the Americas.
BP discovers major offshore field in Brazil, its largest find in twenty-five years
BP has announced the discovery of an oil and natural gas field off the coast of Brazil, in the Santos Basin, marking its most significant find in a quarter of a century.
Frontera Energy and CGX Energy challenge the validity of Corentyne block withdrawal
The dispute over the Corentyne block licence pits Frontera Energy and CGX Energy against the Guyanese government, amid major contractual and offshore investment stakes in the oil sector.
Chevron restarts Venezuelan crude exports to the United States in August
Chevron resumes the shipment of Venezuelan oil to the United States after a multi-year suspension due to sanctions, highlighting the persistence of oil flows between the two countries.
Ukrainian drones trigger fire at oil depot in Sotchi
A fire broke out at a Sotchi oil depot after an attack by Ukrainian drones, causing no casualties but temporarily disrupting air traffic and mobilising significant emergency resources.
Reliance, BP and ONGC Unite to Explore Saurashtra Offshore Basin
The consortium formed by ONGC (40%), Reliance (30%) and BP (30%) has signed a joint operating agreement for block GS-OSHP-2022/2, marking the first tripartite collaboration in Indian oil exploration.
US sanctions against NIS: Serbia secures a fifth 30-day reprieve
Serbia has secured a new 30-day reprieve from the application of US sanctions targeting NIS, operator of the country’s only refinery, which is majority owned by Gazprom.
OMS Energy Technologies posts 25% revenue growth and strengthens profitability in 2025
OMS Energy Technologies Inc. reports solid financial results for 2025, driven by marked revenue growth, improved gross margin and a reinforced cash position in a shifting market.
Explosion at Pascagoula refinery: Chevron targeted by lawsuit after five seriously injured
Five employees injured in an explosion at the Pascagoula refinery are suing Chevron for negligence, seeking significant compensation and alleging major breaches of safety regulations.
Seoul and Tokyo strengthen cooperation to secure regional oil supply
South Korea and Japan are reinforcing coordination on strategic stocks and oil logistics as growing dependence on Gulf imports and geopolitical tensions affect the Asian market.