International Petroleum Corporation Announces Second Quarter 2025 Financial and Operational Results and Releases Sustainability Report
William Lundin, IPC's President and Chief Executive Officer, comments: 'IPC continued to achieve strong operational and financial performance during Q2 2025 across all of our operations in Canada, Malaysia and France. Our operating and financial results during the quarter were in line with the 2025 guidance announced at our Capital Markets Day in February as we continue to execute according to our budget and planned work program. The Blackrod Phase 1 development project in Canada continues to progress as planned. We have completed around 85% of the current normal course issuer bid to the end of July 2025, having repurchased and cancelled over 5.3% of our outstanding shares since December 2024. IPC now has fewer outstanding shares than at inception in April 2017 and we have not only grown our production and asset base substantially since that time, but we also look forward to the upcoming completion of the transformational Blackrod Phase 1 project.'
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