Canada's Imperial Oil second-quarter profit more than doubles
31/07/2026 13:04
Canada's Imperial Oil second-quarter profit more than doubles July 31 (Reuters) - Canadian oil producer Imperial Oil IMO.TO posted a rise in second-quarter profit on Friday, as crude prices and stronger refining margins more than offset lower oil-sands production and a hit from planned refinery maintenance.
The Calgary, Alberta-based company said its net income to C$2.19 billion ($1.56 billion), or C$4.52 per share, in the quarter ended June 30, from C$949 million, or C$1.86 per share, last year.
($1 = 1.4025 Canadian dollars)
(Reporting by Dharna Bafna in Bengaluru; Editing by Vijay Kishore)
Recent news on Imperial Oil
See all newsCanadian Natural beats profit estimates on higher oil prices, output (updated)
Canadian Natural Resources beats quarterly profit estimate
Suncor Energy tops profit estimates on higher oil prices, margins (updated)
Canada Research Roundup: Capital Power, Gildan Activewear, Lundin Mining
Brief: Imperial Oil Says Co Expects Higher Upstream And Downstream Volumes In Q4 2026 - Conf Call