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IMO:CC - Imperial Oil GAAP EPS of C$1.75 revenue of C$12.69B beats by C$1.56B
Imperial Oil Limited
Imperial Oil press release (NYSE:IMO): Q1 GAAP EPS of C$1.75. Revenue of C$12.69B (+81.3% Y/Y) beats by C$1.56B. Production averaged 380,000 gross oil-equivalent barrels per day, compared to 432,000 barrels per day in the same period of 2021. Production was impacted by extreme cold weather and unplanned downtime at Kearl. Total gross bitumen production at Kearl averaged 186,000 barrels per day, compared to 251,000 barrels per dayin the first quarter of 2021.