Achi news desk-
CALGARY –
Imperial Oil Ltd reported. first quarter profit of $1.20 billion, down from $1.25 billion in the same quarter last year.
The company says earnings totaled $2.23 per diluted share for the quarter ended March 31, up from $2.13 per diluted share in its first quarter last year when it had more shares outstanding.
Revenue and other income totaled $12.28 billion, up from $12.12 billion in its first quarter in 2023.
Imperial says production averaged 421,000 barrels of gross oil equivalent per day in the quarter, up from 413,000 a year earlier.
Refinery throughput for the quarter averaged 407,000 barrels per day, down from 417,000 barrels per day in the first quarter of 2023.
Refinery capacity utilization was 94 percent, down from 96 percent.
This report was first published by The Canadian Press on April 26, 2024.
