Imperial Oil posts higher quarterly profit-March 2024-www.financetom.com

Imperial Oil posts higher quarterly profit

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Imperial Oil posts higher quarterly profit

Aug 2, 2024 5:23 AM

Aug 2 (Reuters) - Canada's Imperial Oil ( IMO )

reported a rise in second-quarter profit on Friday, as the

integrated oil firm was helped by higher oil production.

The Calgary-based company said its net profit rose to C$1.13

billion ($814.30 million), or C$2.11 per share, in the quarter

ended June 30, from C$675 million, or C$1.15 per share, last

year.

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