(Calgary) Imperial Oil posted third-quarter profit of $1.6 billion on Friday, down from $2.0 billion in the same period last year.
The Calgary-based company said its earnings per share were $2.76, compared to $3.24 in the third quarter of last year.
Upstream production in the third quarter averaged the equivalent of 423,000 barrels of crude oil per day.
Production at its Kearl oil sands site reached its highest quarterly level, the equivalent of 295,000 barrels of crude oil per day on average.
Refinery throughput averaged 416,000 barrels per day during the quarter, with refinery capacity utilization at 96%.
Cash flow from operating activities was $2.4 billion, Imperial said.