Imperial announces fourth quarter 2020 financial and operating results

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Go back to Imperial announces fourth quarter 2020 financial and operating results

Imperial Oil (IMO) Reports Q4 Loss of Cdn$1.56 on Revenues of Cdn$6.03B

February 2, 2021 7:58 AM EST

Imperial Oil (NYSE: IMO) reported Q4 EPS of (Cdn$1.56), versus Cdn$0.36 reported last year. Revenue for the quarter came in at Cdn$6.03 billion, versus Cdn$8.12 billion reported last year.

Fourth quarter highlights

Net loss of $1,146 million or $1.56 per share on a diluted basis, compared to net income of $271 million or $0.36 per share in the fourth quarter of 2019. Results in the current quarter include a non-cash impairment charge of $1,171 million related to the company's decision not to develop a significant portion of its unconventional portfolio that was announced in November 2020.Cash flow generated from... More