Imperial Oil: Fourth Quarter Earnings Overview

Imperial Oil Announces Fourth Quarter Financial Results

Imperial Oil Ltd., headquartered in Calgary, Alberta, disclosed a net income of $352.9 million for its fourth quarter.

The company reported earnings of 72 cents per share. After accounting for asset impairments and other one-time expenses, adjusted earnings were $1.41 per share.

During the quarter, Imperial Oil generated $8.09 billion in revenue, which fell short of analyst projections. According to a survey by Zacks, three analysts had anticipated revenue of $10.43 billion.

Looking at the full year, Imperial Oil achieved a total profit of $2.34 billion, translating to $4.64 per share, with annual revenue reaching $33.69 billion.