Imperial Oil raises quarterly dividend as fourth-quarter profits down from last year

Jan 31, 2025

Share
Share
Tweet

The Imperial Oil logo is seen at the company’s annual meeting in Calgary, on April 28, 2017. . THE CANADIAN PRESS/Jeff McIntosh

CALGARY — Imperial Oil Ltd. raised its quarterly dividend as it reported a fourth-quarter profit of $1.23 billion, down from $1.37 billion in the same quarter last year.

The company says the profit amounted to $2.37 per diluted share for the quarter ended Dec. 31, down from $2.47 per diluted share a year earlier.

The result came as Imperial’s total revenue and other income amounted to $12.61 billion for the quarter, down from $13.11 billion in the same quarter last year.

The company says it is raising its dividend by 20 per cent to 72 cents per share, from 60 cents.

Imperial says upstream production in the quarter averaged 460,000 gross oil-equivalent barrels per day, its highest quarterly production in more than 30 years when adjusting for the divestment of XTO Energy Canada. The result was up from 452,000 gross oil-equivalent barrels per day a year earlier.

Downstream throughput in the quarter averaged 411,000 barrels per day, with overall refinery capacity utilization of 95 per cent, compared with 407,000 barrels per day and 94 per cent utilization a year ago.

This report by The Canadian Press was first published Jan. 31, 2025.

Companies in this story: (TSX:IMO)

The Canadian Press

  • 0086 Sask Gov Oil and Gas Incentive Programs
    0086 Sask Gov Oil and Gas Incentive Programs
  • 0085 Turnbull snow removal call office
    0085 Turnbull snow removal call office
  • 0084 EMP Metals Pipeline Online
    0084 EMP Metals Pipeline Online
  • 0077 Caprice Resources Stand Up For Free Speech
    0077 Caprice Resources Stand Up For Free Speech
  • 0076 Latus only
    0076 Latus only
  • 0061 SIMSA 2024 For Sask Buy Sask
    0061 SIMSA 2024 For Sask Buy Sask
  • 0055 Smart Power Be Smart with your Power office
    0055 Smart Power Be Smart with your Power office
  • 0051 JML Hiring Pumpjack assembly
    0051 JML Hiring Pumpjack assembly
  • 0049 Scotsburn Dental soft guitar
    0049 Scotsburn Dental soft guitar
  • 0041 DEEP Since 2018 now we are going to build
    0041 DEEP Since 2018 now we are going to build
  • 0032 IWS Summer hiring rock trailer music
  • 0022 Grimes winter hiring
  • 0021 OSY Rentals S8 Promo
  • 0018 IWS Hiring Royal Summer
  • 0013 Panther Drilling PO ad 03 top drive rigs
  • 0011
  • 0006 JK Junior
  • 0002 gilliss casing services
    0002 gilliss casing services
  • 9002 Pipeline Online 30 sec EBEX
    9002 Pipeline Online 30 sec EBEX
  • 9001