(Calgary) Imperial Oil saw a significant increase in its net profit in the second quarter, which reached $1.13 billion.
The Calgary-based company says the results compare with net income of $675 million a year earlier.
The progression observed during the period ended June 30 shows a profit of $2.11 per share on a diluted basis, compared to $1.15 per share in the second quarter of 2023.
Total revenues and other income were $13.38 billion, up from $11.82 billion a year earlier.
Imperial said production averaged 404,000 barrels of crude oil equivalent per day in the quarter, up from 363,000 a year earlier.
Refinery throughput for the quarter averaged 387,000 barrels per day, compared with 388,000 barrels per day a year earlier.
Company in this dispatch: (TSX:IMO)