Imperial announces second quarter 2019 financial and operating results
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Imperial Oil (IMO) Reports Q2 EPS of Cdn$1.57
August 2, 2019 7:57 AM EDTImperial Oil (NYSE: IMO) reported Q2 EPS of Cdn$1.57, versus Cdn$0.24 reported last year.
Second quarter highlights
Net income of $1,212 million or $1.57 per share on a diluted basis, up from net income of $196 million or $0.24 per share in the second quarter of 2018. Second quarter 2019 results include a favourable impact, largely non-cash, of $662 million associated with the recently enacted Alberta corporate income tax rate decrease.Cash generated from operating activities was $1,026 million, up from $859 million in the second quarter of 2018.Capital and exploration expenditures totalled $429 million, compared with $284 million in the... More