Imperial Oil (IMO) Misses Q2 EPS by $1.12, Revenues Miss
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Imperial announces second quarter 2020 financial and operating results
July 31, 2020 7:55 AM EDTCALGARY, Alberta--(BUSINESS WIRE)-- Imperial Oil Limited (TSX: IMO):
Net loss of $526 million primarily driven by lower Upstream realizations and Downstream margins Managed operational and financial impacts of COVID-19 Optimized turnaround activities at key assets with significant cost efficiencies Reduced year-to-date production and manufacturing expenses by over $450 million versus 2019 Year-to-date capital expenditures on track to meet reduced guidance of $1.1 billion to $1.2 billion Maintained quarterly dividend at 22 cents per share Total debt remained stable at $5.2 billion... More