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Quarterly net income of $675 million and cash flow from operating activities of $885 million Successful completion of planned turnaround activities at Kearl, Syncrude and Strathcona refinery Upstream production of 363,000 gross oil-equivalent barrels per day Refinery throughput of 388,000 barrels per day and capacity utilization of 90% Commenced facility construction on the Strathcona Renewable Diesel project Renewed annual normal course issuer bid (NCIB) to repurchase up to 5% of outstanding common shares, with plans to accelerate completion of the program prior to year end Declared third quarter dividend of 50 cents per share CALGARY, Alberta–(BUSINESS WIRE)– IMPERIAL OIL LIMITED , TSE: IMO , NYSE American: IMO Second quarter Six months millions of Canadian dollars, unless noted 2023 2022 ∆ 2023 2022 ∆ Net income (loss) (U.S. GAAP) 675 2,409 (1,734) 1,923 3,582 (1,659) Net income (loss) per common share, assuming dilution (dollars) 1.15 3.63 (2.48) 3.29 5.36 (2.07) Capital and exploration expenditures 493 314 +179 922 610 +312 Imperial reported estimated net income in the second quarter of $675 million, compared to net income of $1,248 million in the first quarter of 2023, driven by lower refining margins and planned turnaround activity. Quarterly cash flow from operating activities […]
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