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Canada's Imperial Oil beats third-quarter profit estimates

Canada's Imperial Oil beats third-quarter profit estimates

- Canadian oil producer Imperial Oil IMO.TO beat profit estimates for third-quarter on Friday, driven by higher commodity prices and strong downstream margins.

The Calgary, Alberta-based company reported net income rose to C$2.45 billion ($1.75 billion), or C$5.11 per share, for the quarter ended September 30, beating analysts' average estimate of C$4.70 per share, according to data compiled by LSEG.


($1 = 1.4025 Canadian dollars)




(Reporting by Khusbu Jena in Bengaluru; Editing by Tasim Zahid)

((Khusbu.Jena@thomsonreuters.com;))

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