Imperial Oil rises on higher Q1 profit

Imperial Oil

02/05/2025 13:45

** U.S.-listed shares of Canadian oil producer Imperial Oil IMO.TO, IMO.N up ~6% at $72.00 premarket

** Company posts a rise in Q1 profit, helped by stronger refining margins and fuel sales business

** Company reports net income in Q1 of C$1.29 billion($933.23 million) compared with C$1.2 billion, a year earlier

** IMO reports petroleum product sales of 455,000 barrels per day, compared with 450,000 bpd a year ago

** However, it reported a fall in its upstream production, total throughput volumes and refinery utilization rate

** As of last close, shares are up 6% YTD

($1 = 1.3828 Canadian dollars)

 (Reporting by Katha Kalia in Bengaluru)

 ((Katha.Kalia@thomsonreuters.com))