Imperial Oil Q1 Profit Rises, Tops Estimates; Boosts Dividend 14%

RTTNews | 622 dagar sedan
Imperial Oil Q1 Profit Rises, Tops Estimates; Boosts Dividend 14%

(RTTNews) - Imperial Oil Ltd. (IMO, IMO.TO) reported on Friday a first-quarter net income of C$1.25 billion or C$2.13 per share, the highest first quarter in over 30 years, up from C$1.17 billion or C$1.75 per share in the prior-year quarter.

Total revenues and other income for the quarter decreased to C$12.12 billion from C$12.69 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of C$1.93 per share on revenues of C$14.11 billion for the quarter. Analysts' estimates typically exclude special items.

The company's production averaged 413,000 gross oil-equivalent barrels per day in the quarter, up from 380,000 barrels per day in the same period of 2022.

Upstream production for the first quarter averaged 413,000 gross oil-equivalent barrels per day and downstream throughput averaged 417,000 barrels per day in the first quarter, with utilization at 96 percent.

The company also raised its dividend by 14 percent to 50 cents per share from 44 cents.

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

read more
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 | 804 dagar sedan
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 | 895 dagar sedan
German Industrial Output & Exports Recover

German Industrial Output & Exports Recover

Germany's industrial production and exports rebounded in November but the underlying picture remained pretty grim amid job cuts in manufacturing and the possible hike in trade tariffs by the U.S. Industrial output increased a more-than-expected 1.5 percent on a monthly basis, in contrast to the revised 0.4 percent decrease in October, data from Destatis revealed Thursday.
RTTNews | 9h 14minuter sedan
Resources Stocks May Edge Higher As Bay Street Looks Headed For Mixed Open

Resources Stocks May Edge Higher As Bay Street Looks Headed For Mixed Open

Canadian shares are likely to turn in a mixed performance on Thursday, with investors looking ahead to U.S. and Canadian jobs data, due on Friday. Energy and materials stocks may find some support thanks to higher commodity prices. Volume of business is likely to be a bit thin as U.S. markets are closed today in honor of former U.S. President Jimmy Carter, who died in late December at age 100.
RTTNews | 10h 20minuter sedan
Pound Slides As U.K. Borrowing Costs Soar

Pound Slides As U.K. Borrowing Costs Soar

The British pound weakened against other major currencies in the European session on Thursday, on worries about the rising borrowing costs in the U.K. and the stagflation threat.
RTTNews | 11h 19minuter sedan
FTSE 100 Moderately Higher As Mining Stocks Move Up

FTSE 100 Moderately Higher As Mining Stocks Move Up

The U.K. market is up in positive territory Thursday morning, led by gains in the mining sector, even as stocks from the retail sector are reeling under selling pressure, despite several big name retailers reporting a surge in sales. A weak pound is contributing significantly to market's upmove.
RTTNews | 12h 3minuter sedan