IMO:CC - Imperial Oil GAAP EPS of C$3.63 revenue of C$17.31B beats by C$4.79B
- Imperial Oil press release ( NYSE: IMO ): Q2 GAAP EPS of C$3.63.
- Revenue of C$17.31B (+115.0% Y/Y) beats by C$4.79B .
- Upstream production of 413,000 gross oil equivalent barrels per day, highest second quarter in over 30 years
- Sustained strong Downstream operating performance with quarterly refinery capacity utilization of 96%, fourth consecutive quarter above 90%
- Returned over $2.7 billion to shareholders in the quarter through dividends and successful completion of the company’s $2.5 billion substantial issuer bid program
- Renewed annual normal course issuer bid to purchase up to an additional 5% of outstanding shares, with plans to accelerate completion of the program by the end of October 2022
- Announced the proposed sale of interests in XTO Energy Canada for a total cash consideration of $1.9 billion ($940 million Imperial’s share), further focusing the company’s Upstream portfolio on long-life, low-decline oil sands assets
- Released annual Advancing Climate Solutions report, outlining the company’s progress and ongoing commitment to lowering greenhouse gas emissions
For further details see:
Imperial Oil GAAP EPS of C$3.63, revenue of C$17.31B beats by C$4.79B