Imperial Oil (IMO) Misses Q1 EPS by 2c
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Imperial announces first quarter 2022 financial and operating results
April 29, 2022 7:55 AM EDTHighest first quarter net income in over 30 years of $1,173 million with Upstream income of $782 million and Downstream income of $389 million, driven primarily by strong market conditions Highest first quarter cash flow from operating activities in over 30 years of $1,914 million, with free cash flow¹ of $1,635 million Upstream production of 380,000 barrels per day, impacted by extreme cold weather and unplanned downtime at Kearl Downstream quarterly refinery capacity utilization of 93%, third consecutive quarter above 90% Completed construction of the Sarnia Products Pipeline providing enhanced access to the high-value Toronto market and reducing transportation... More
