Imperial Oil Q4 Profit Declines, But Tops Estimates; Declares Dividend

RTTNews | 425 days ago
Stocktwits
Imperial Oil Q4 Profit Declines, But Tops Estimates; Declares Dividend

(RTTNews) - Imperial Oil Ltd. (IMO, IMO.TO) reported on Friday that fourth-quarter net income declined to C$1.37 billion or C$2.47 per share from C$1.73 billion or C$2.86 per share in the prior-year quarter.

Total revenues and other income for the quarter decreased to C$13.11 billion from C$14.45 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of C$2.09 per share on revenues of C$14.96 billion for the quarter. Analysts' estimates typically exclude special items.

The company's production averaged 452,000 gross oil-equivalent barrels per day in the quarter, down from 441,000 barrels per day in the same period last year.

Separately, the company declared a 20 percent higher quarterly dividend of 60 cents per share on the outstanding common shares of the company, payable on April 1, 2024, to shareholders of record at the close of business on March 4, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: IMO IMO.TO
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Imperial Oil Q3 Profit Soars; Boosts Dividend 29%

Imperial Oil Q3 Profit Soars; Boosts Dividend 29%

Imperial Oil Ltd. (IMO, IMO.TO) reported on Friday that third-quarter net income soared to C$2.03 billion or C$3.24 per share from C$908 million or C$1.29 per share in the prior-year quarter.
RTTNews | 887 days ago
Imperial Oil Q2 Profit Soars

Imperial Oil Q2 Profit Soars

Imperial Oil Ltd. (IMO, IMO.TO) reported on Friday that second-quarter net income soared to C$2.41 billion or C$3.63 per share from C$366 million or C$0.50 per share in the prior-year quarter.
RTTNews | 978 days ago
China Services Activity Growth Accelerates

China Services Activity Growth Accelerates

China's service sector growth accelerated to a three month-high in March on rising business activity and new orders, survey data from S&P Global showed on Thursday. The Caixin services Purchasing Managers' Index logged 51.9 in March compared to 51.4 in February. The index has remained above the crucial 50.0 no-change mark for the twenty-seventh straight month.
RTTNews | 4h 14min ago
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Final composite Purchasing Managers' survey results from the euro area and the UK are the top economic news due at Thursday. At 3.15 AM ET, S&P Global publishes Spain's services and composite PMI survey data. The services indicator is forecast to fall to 55.6 in March from 56.2 in the previous month. At 3.45 am ET, services and composite PMI data is due from Italy.
RTTNews | 4h 45min ago
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