Imperial Oil Posts Strong Q1 Results in 2024
Company Announcements

Imperial Oil Posts Strong Q1 Results in 2024

Imperial Oil (TSE:IMO) has released an update.

Imperial Oil reported a strong first quarter in 2024 with a net income of $1,195 million and impressive production figures, including a record first quarter production at Kearl. The company saw robust cash flows from operations at $1,521 million, excluding working capital, and declared a quarterly dividend of 60 cents per share. Additionally, Imperial Oil is advancing key projects that contribute to growth and emission reductions, underscoring its commitment to Canada’s energy sector.

For further insights into TSE:IMO stock, check out TipRanks’ Stock Analysis page.

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