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Imperial Oil first-quarter profit nearly triples

Imperial Oil first-quarter profit nearly triples

reuters.com · 04/29/2022 07:58
Imperial Oil first-quarter profit nearly triples

- Imperial Oil Ltd IMO.TO first-quarter profit nearly triples on Friday, as the Canadian oil major benefited from soaring oil prices.

The Calgary, Alberta-based company posted net earnings of C$1.17 billion ($917.94 million), or C$1.75 per share, from C$392 million ($307.55 million), or 53 Canadian cents per share, a year ago.


($1 = 1.2746 Canadian dollars)


(Reporting by Ruhi Soni in Bengaluru; Editing by Krishna Chandra Eluri)

((Ruhi.Soni@thomsonreuters.com;
Twitter: https://twitter.com/ruhithere;))