Canada's Imperial Oil posts rise in first-quarter profit

Imperial Oil

02/05/2025 12:58

May 2 (Reuters) - Canadian oil producer Imperial Oil IMO.TO posted a rise in first-quarter profit on Friday, buoyed by improved refining margins.

The Calgary, Alberta-based company said its net income rose to C$1.29 billion ($933.23 million), or C$2.52 per share, in the quarter ended March 31, from C$1.2 billion, or C$2.23 per share, last year.

($1 = 1.3823 Canadian dollars)

 (Reporting by Pooja Menon in Bengaluru; Editing by Shilpi Majumdar)

 ((Pooja.Menon@thomsonreuters.com))