13:39:43 EDT Wed 09 Jul 2025
Enter Symbol
or Name
USA
CA



Exxon Mobil CDR (CAD Hedged)
Symbol XOM
Shares Issued 1,600,000
Close 2025-01-27 C$ 20.54
Market Cap C$ 32,864,000
Recent Sedar Documents

FP says Ovintiv, rivals hear Smith has a blame plan

2025-01-27 09:36 ET - In the News

See In the News (C-OVV) Ovintiv Inc

The Financial Post reports in its Monday, Jan. 27, edition that Alberta Premier Danielle Smith stated she will ensure American drivers know who to blame for rising gas prices if U.S. President Donald Trump implements tariffs on Canada. The Post's Rahim Mohamed writes that she noted that prices could spike by 35 cents to 75 cents per gallon. Analysts predict that such tariffs would significantly raise gasoline costs in the Upper Midwest, a vital electoral region. Fifteen Midwestern states, including swing states Wisconsin and Michigan, depend entirely on Canadian oil. Mr. Trump, however, downplayed the concerns, claiming the U.S. has sufficient domestic oil and gas resources. The region is also home to a dense network of refineries that are rigged to process the heavy crude that flows from north of the border. Ms. Smith noted that stakeholders like the American Petroleum Institute (API) are already highlighting the synergy between Canadian crude and U.S.-based refineries, and the impact a cross-border tariff would have on gasoline prices. "Obviously API is willing to point that out," said Ms. Smith. API members include TC Energy, Ovintiv, Enbridge, Chevron, Exxon Mobil and Pembina Pipeline.

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