Tuesday, September 2nd12.8°C
22817
22437

Imperial Oil posts higher Q1 profit of $946M, revenues also go up

CALGARY - Imperial Oil Ltd. (TSX:IMO) says it earned a first-quarter net profit of $946 million, or $1.11 per share, up 19 per cent from $798 million, or 94 cents per share, in the same quarter in 2013.

Revenue and other income increased to $9.22 billion compared with $8.01 billion year-over-year for Canada's largest petroleum refiner.

Gross production averaged 330,000 oil-equivalent barrels per day, up 46,000 barrels versus 2013, primarily due to production from its Kearl oil sands project.

Imperial Oil said its first-quarter capital and exploration expenditures totalled $1.2 million, primarly at Kearl and Cold Lake Nabiye projects, which are heading toward completion.

In March, Calgary-based announced it had agreed to sell some of its producing oil and gas assets in Western Canada for $855 million to Whitecap Resources Inc. (TSX:WCP).

The Canadian Press


Read more Business News

22551


Recent Trending




Today's Market
S&P TSX15619.08-6.65
S&P CDNX1010.88-13.11
DJIA17067.56-30.89
Nasdaq4598.188+17.917
S&P 5002002.28-1.09
CDN Dollar0.91490.00
Gold1267.90+2.90
Oil93.16+0.28
Lumber350.50+0.80
Natural Gas3.948+0.01

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.18-0.01
Cantex0.08+0.01
Anavex Life Sciences0.24-0.01
Metalex Ventures0.07-0.005
Russel Metals36.42-0.06
Copper Mountain Mining2.90-0.03
Colorado Resources0.165-0.015
ReliaBrand Inc0.100.00
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.225-0.02

 



22819

FEATURED Property
20586872093 Horizon Drive
4 bedrooms 3 baths
$599,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Manage your behaviour

You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...

_








Member of BC Press Council