(Calgary) Imperial Oil posted sharply higher profits for its most recent quarter on Friday, supported by higher energy prices and production growth.
Posted at 1:23 p.m.
The Calgary company posted a net profit of 2.41 billion, or $3.63 per share, more than six times higher than the second quarter of 2021, which was 366 million, or 50 cents per share .
Total revenue and other income for the quarter ended June 30 reached 17.31 billion, compared to revenue of 8.05 billion for the same quarter a year earlier.
Imperial’s upstream production reached the equivalent of 413,000 barrels of oil per day, its highest level for a second quarter in more than 30 years.
The company also announced that it would pay a dividend of 34 cents per share for its third quarter. This will be paid on 1er October to shareholders of record as of September 2.
Imperial President and CEO Brad Corson said the company’s results reflect its continued focus on the safety and reliability of its operations and the strength of fuel prices. raw materials.