BUZZ-Imperial Oil falls after posting lower Q4 profit
ReutersJan 31, 2025 3:32 PM
Shares of Canadian oil producer Imperial Oil IMO.TO fall 1.4% to C$101.93
Co posts fall in fourth-quarter profit due to lower crude prices
IMO's Q4 net income fell to C$1.23 billion, or C$2.37 per share, from C$1.37 billion, or C$2.47, a year ago
Says it realized $70.30 per barrel of oil produced in Q4, compared with $78.54 per barrel a year ago
Stock further pressured by downward decline in crude prices O/R
However, IMO's production and throughput volumes increased in Q4 by 1.8% and ~1%, respectively
IMO shares rose 17.4% in 2024
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