Imperial Oil Q4 net income $1.365B, EPS $2.47; dividend raised 20% to $0.60

IMPERIAL OIL LTD

2023-FY EPS reported $8.49 revenue$50,969,000,000

Q4 net income $1,365M ($2.47 EPS), down from $1,727M ($2.86 EPS) in Q4 2022; full-year net income $4,889M.
Upstream production 452,000 boe/d (highest in 30+ years); Kearl record 308,000 gross bbl/d.
Quarterly dividend increased 20% to $0.60/share; returned $2.746B to shareholders in Q4 including $1.5B substantial issuer bid.
Cold Lake Grand Rapids Phase 1 steam injection started; first solvent-assisted SAGD project; expected 15,000 bbl/d, 40% lower GHG.
Refinery capacity utilization 94% after largest Sarnia turnaround completed under budget and ahead of schedule.

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 the fiscal quarter ended December 31, 2023 results: net income $1,365 million, EPS $2.47 per diluted share.

Period: the fiscal quarter ended December 31, 2023
Net income: $1,365 million
EPS: $2.47 per diluted share
Result: reported results

Exact text from the filing

Imperial announces fourth quarter 2023 financial and operating results • Quarterly net income of $1,365 million

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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 0000049938-24-000006

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