Imperial announces third quarter 2020 financial and operating results
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Imperial Oil (IMO) Reports Q3 EPS of Cdn$0.00 on Revenues of Cdn$5.96B
October 30, 2020 7:58 AM EDTImperial Oil (NYSE: IMO) reported Q3 EPS of Cdn$0.00, versus Cdn$0.56 reported last year. Revenue for the quarter came in at Cdn$5.96 billion, versus Cdn$8.74 billion reported last year.
Third quarter highlights
Net income of $3 million or $0.00 per share on a diluted basis, compared to $424 million or $0.56 per share in the third quarter of 2019, driven by lower Upstream realizations and lower margins in the Downstream, partially offset by lower production and manufacturing expenses.Cash flow generated from operating activities was $875 million, compared with $1,376 million in the corresponding period of 2019.Capital and... More