Canada's Imperial Oil posts profit slump on impairment charge
ReutersOct 31, 2025 12:03 PM
Oct 31(Reuters) - Canadian oil producer Imperial Oil IMO.TO posted a sharp fall in third-quarter profit on Friday, hurt by a non-cash impairment and restructuring charges and lower commodity prices.
The Calgary, Alberta-based company said its net income fell to C$539 million ($385 million), or C$1.07 per share, in the quarter ended September 30, from C$1.24 billion, or C$2.33 per share, a year earlier.
($1 = 1.4024 Canadian dollars)
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