Imperial Oil: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 08:13 AM ET
Last Updated - Aug 02, 2024, 08:13 AM EDT
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Imperial Oil Ltd. (IMO) on Friday reported second-quarter profit of $828.1 million.
On a per-share basis, the Calgary, Alberta-based company said it had net income of $1.54.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The oil and gas and petroleum products company posted revenue of $9.78 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $10.5 billion.
