From RTTNews:

Imperial Oil Ltd. reported a decline in fourth-quarter net income to C$1.37 billion or C$2.47 per share from C$1.73 billion or C$2.86 per share in the previous year. Total revenues and other income for the quarter decreased to C$13.11 billion from C$14.45 billion in the same quarter last year. The company’s production averaged 452,000 gross oil-equivalent barrels per day in the quarter, down from 441,000 barrels per day in the same period last year.

Analysts had expected the company to report earnings of C$2.09 per share on revenues of C$14.96 billion for the quarter. Imperial Oil separately declared a 20 percent higher quarterly dividend of 60 cents per share payable on April 1, 2024, to shareholders of record at the close of business on March 4, 2024. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.



Read more: Imperial Oil Q4 Profit Declines, But Tops Estimates; Declares Dividend