Canada's Imperial Oil posts lower first-quarter profit

Imperial Oil

01/05/2026 12:58

May 1 (Reuters) - Canadian oil producer Imperial Oil IMO.TO posted a fall in first-quarter profit on Friday, hurt by lower volumes.

The Calgary, Alberta-based company said its net income fell to C$940 million ($692.96 million), or C$1.94 per share, in the quarter ended March 31, from C$1.29 billion, or C$2.52 per share, a year earlier.

($1 = 1.3565 Canadian dollars)

 (Reporting by Pranav Mathur in Bengaluru; Editing by Shinjini Ganguli)

 ((Pranav.Mathur@thomsonreuters.com;))