Imperial Oil rises on higher Q1 profit

U.S.-listed shares of Canadian oil producer Imperial Oil IMO.TO, IMO.N up ~6% at $72.00 premarket

Company posts a rise in Q1 profit, helped by stronger refining margins and fuel sales business

Company reports net income in Q1 of C$1.29 billion($933.23 million) compared with C$1.2 billion, a year earlier

IMO reports petroleum product sales of 455,000 barrels per day, compared with 450,000 bpd a year ago

However, it reported a fall in its upstream production, total throughput volumes and refinery utilization rate

As of last close, shares are up 6% YTD

($1 = 1.3828 Canadian dollars)