earnings
confidence high
sentiment positive
materiality 0.75
Imperial Oil Q1 net income $1.248B ($2.13/sh), up 6% YoY; dividend raised 14%
IMPERIAL OIL LTD
2023-Q1 EPS reported
$2.13
revenue$12,121,000,000
- Net income $1,248M, diluted EPS $2.13 vs $1.75 YoY; cash from ops (ex-working cap) $1,554M.
- Record Kearl Q1 gross production 259,000 bbl/d (Imperial share 184,000); total upstream 413,000 boe/d.
- Q2 dividend increased 14% to $0.50/share from $0.44; $266M returned to shareholders in Q1.
- Downstream throughput 417,000 bbl/d, capacity utilization 96%; petroleum product sales 455,000 bbl/d.
- Capital expenditures $429M (+45% YoY); Pathways Alliance CCS enters design stage; 400 km CO2 pipeline.