Bullboard - Stock Discussion Forum Imperial Oil Ltd T.IMO

Alternate Symbol(s): IMO

Energy Oil & Gas Integrated

Imperial Oil Limited is an integrated oil company. It is engaged in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil and natural gas. In Canada, it is a producer of crude oil, a petroleum refiner, a marketer of petroleum products, and a producer of petrochemicals. Its segments include Upstream operations, which include the... see more

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Imperial Oil Ltd > Imperial first quarter 2024 financial and operating results

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Post by Betteryear2 on Apr 26, 2024 8:53am

Imperial first quarter 2024 financial and operating results

Quarterly net income of $1,195 million
Cash flows from operating activities of $1,076 million and cash flows from operating activities excluding working capital1 of $1,521 million
Upstream production of 421,000 gross oil-equivalent barrels per day
Highest ever first quarter production at Kearl of 277,000 total gross oil-equivalent barrels per day (196,000 barrels Imperial's share)
Further progressed Cold Lake Grand Rapids, consistent with plan to ramp up production in coming weeks
Strong Downstream operating performance with refinery capacity utilization of 94 percent and highest ever first quarter throughput at Nanticoke
Esso brand achieved No.1 retail market share in Canada in 20232
Initial regulatory applications filed for Pathways Alliance carbon capture and storage project
Declared quarterly dividend of 60 cents per share