Imperial Oil reports lower third-quarter profit-February 2024-www.financetom.com

Imperial Oil reports lower third-quarter profit

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Imperial Oil reports lower third-quarter profit

Nov 4, 2024 11:58 AM

Nov 1 (Reuters) - Canada's Imperial Oil ( IMO )

reported a fall in third-quarter profit on Friday as a slump in

refining margins and lower commodity prices offset higher

production.

The company's net profit fell to C$1.24 million

($890,484.74), or C$2.33 per share, in the quarter, from C$1.6

billion, or C$2.76 per share, a year earlier.

($1 = 1.3925 Canadian dollars)

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