Imperial Oil (IMO) Reports Q4 Loss of Cdn$1.56 on Revenues of Cdn$6.03B
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Imperial announces fourth quarter 2020 financial and operating results
February 2, 2021 7:55 AM ESTCALGARY, Alberta--(BUSINESS WIRE)-- Imperial Oil Limited (TSX, NYSEAM: IMO):
Fourth quarter net loss of $1,146 million, which includes a non-cash impairment charge of $1,171 million Cash generated from operations in the fourth quarter of $316 million, which includes unfavourable working capital effects of $218 million Highest quarterly upstream production in 30 years, driven by record production at Kearl Exceeded full-year cost reduction targets, with production and manufacturing expenses down $985 million from 2019, representing a savings of 15 percent compared to 2019 Full-year capital expenditures of $874 million, in line with the companys... More