Imperial Q2 net income $1,133M ($2.11 EPS), up 68% YoY; record Q2 upstream production

IMPERIAL OIL LTD

2024-Q2 EPS reported $4.34 revenue$25,666,000,000

Net income of $1,133M ($2.11 diluted EPS) vs $675M ($1.15) in Q2 2023, up 68%.
Upstream production 404,000 boe/d, highest Q2 in over 30 years (adjusted for XTO divestment).
Kearl total gross production 255,000 bbl/d (record Q2); Cold Lake 147,000 bbl/d including GRP1.
Refinery capacity utilization 89%; completed turnarounds at Strathcona and Sarnia.
Renewed NCIB to repurchase up to 5% of shares; plans to accelerate to complete by year-end; dividend $0.60/share.

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