Imperial Oil falls after posting lower Q4 profit

Imperial Oil

31/01/2025 15:32

** Shares of Canadian oil producer Imperial Oil  IMO.TO 
fall 1.4% to C$101.93
    ** Co posts fall in fourth-quarter profit due to lower crude
prices
    ** IMO's Q4 net income fell to C$1.23 billion, or C$2.37 per
share, from C$1.37 billion, or C$2.47, a year ago
    ** Says it realized $70.30 per barrel of oil produced in Q4,
compared with $78.54 per barrel a year ago
    ** Stock further pressured by downward decline in crude
prices  O/R 
    ** However, IMO's production and throughput volumes
increased in Q4 by 1.8% and ~1%, respectively
    ** IMO shares rose 17.4% in 2024

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))