Imperial Q2 net income $675M, down 72% YoY; production 363k boe/d

IMPERIAL OIL LTD

2023-Q2 EPS reported $3.29 revenue$23,940,000,000

Net income $675M ($1.15 diluted EPS) vs $2,409M in Q2 2022, driven by lower commodity prices and planned turnarounds.
Cash flow from operating activities $885M; capital and exploration expenditures $493M.
Upstream production 363k boe/d; Kearl 217k bbl/d gross, Cold Lake 132k bbl/d, Syncrude 66k bbl/d (Imperial share).
Renewed NCIB to repurchase up to 5% of outstanding shares; plans to accelerate completion before year-end 2023.
Q3 dividend declared at $0.50/share; Strathcona Renewable Diesel construction started, targeting 2025 start-up.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IMPERIAL OIL LTD reported fiscal quarter ended June 30, 2023 results: net income $675 million, EPS $1.15 per share on a diluted basis.

Period: fiscal quarter ended June 30, 2023
Net income: $675 million
EPS: $1.15 per share on a diluted basis
Result: reported results

Exact text from the filing

Net income of $675 million or $1.15 per share on a diluted basis

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9 earnings releases filed in the last 30 days. Browse all earnings releases →

IMPERIAL OIL LTD filing history →

Source: SEC EDGAR

accession 0000049938-23-000055

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