secwatch.observer — SEC 8-K summary
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Issuer:     IMPERIAL OIL LTD (IMO)
CIK:        0000049938
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0000049938-24-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49938/000004993824000043/0000049938-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49938/000004993824000043/imo-20240802.htm
  HTML page:      https://secwatch.observer/filing/0000049938-24-000043

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