earnings
confidence high
sentiment positive
materiality 0.70
Imperial Oil Q4 net income $1,225M; raises dividend 20% to $0.72; Kearl production records
IMPERIAL OIL LTD
2024-FY EPS reported
$9.03
revenue$51,532,000,000
- Q4 net income $1,225M ($2.37 diluted EPS), down from $1,365M a year ago; full-year net income $4,790M ($9.03 diluted EPS).
- Kearl quarterly total gross production record 299K boe/d (Imperial share 212K); full-year record 281K boe/d.
- Cold Lake quarterly gross production 157K boe/d, driven by Grand Rapids solvent-assisted SAGD (22K boe/d).
- Quarterly dividend increased 20% to $0.72/share; returned ~$1.8B to shareholders in Q4 via buybacks and dividends.
- Downstream capacity utilization 95% in Q4 (92% full year); Strathcona renewable diesel facility on track for mid-2025 start.