IMO:CC - Imperial Oil GAAP EPS of C$2.86 beats by C$0.25 revenue of C$14.45B misses by C$2.85B
- Imperial Oil press release ( NYSE: IMO ): Q4 GAAP EPS of C$2.86 beats by C$0.25 .
- Revenue of C$14.45B (+17.4% Y/Y) misses by C$2.85B .
- Upstream production of 441,000 gross oil-equivalent barrels per day during fourth quarter, driven by continued strength at Kearl and Cold Lake, and higher production at Syncrude
- Maintained strong refining capacity utilization, achieving best ever quarterly utilization of 101 percent
- Returned more than C$2.1 billion to shareholders in the fourth quarter, including successful completion of substantial issuer bid
- Declared first quarter dividend of 44 cents per share
- Approved C$720 million project to construct largest renewable diesel facility in Canada
- Announcing company-wide goal to achieve net zero (Scope 1 and 2) by 2050 in operated assets
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Imperial Oil GAAP EPS of C$2.86 beats by C$0.25, revenue of C$14.45B misses by C$2.85B