Nasdaq Feb 1 – Canada’s Imperial Oil Ltd IMO.TO on Tuesday posted a quarterly profit that narrowly missed estimates, as extreme cold weather hit the company’s production. Oil sands mining, which accounts for the bulk of Canada’s crude output, was hit by icy temperatures in December and January that slowed production. The company, majority-owned by Exxon Mobil Corp XOM.N, said fourth-quarter
Reuters Imperial Oil Ltd, one of Canada’s biggest oil producers and refiners, on Wednesday outlined a plan to process vegetable oil into renewable diesel at its 191,000-barrel-per-day Strathcona refinery. The project, which still requires final approval, is part of majority-owner Exxon Mobil’s goal of producing more than 40,000 barrels per day of low-emissions fuels by 2025. Calgary-based Imperial aims by
Imperial Oil Limited (TSX, NYSEAM: IMO): Second quarter earnings of $366 …
Imperial Oil Limited (TSX, NYSEAM: IMO): Net income of $392 million in th…
Reuters Imperial Oil Ltd on Wednesday said it had shut all production at its 220,000 barrel-per-day Kearl oil sands site in Canada due to an outage at a third-party diluent pipeline following a leak detected on Aug. 29. “The impact of the outage and a timeline for restart is unknown at this time,” the company said in a release. Apart
Reuters: Canada’s Imperial Oil Ltd (IMO.TO) edged past quarterly profit estimates on Friday, benefiting from a recovery in Canadian crude prices following Alberta’s mandated production cuts. The company, which recently appointed Exxon veteran Brad Corson as CEO, said the price differential between U.S. and Canadian oil narrowed significantly during the fourth quarter to average about $16 per barrel compared with
From Reuters Major Canadian oil companies, which publicly disagreed over the Alberta government’s forced curtailments this year, are in lockstep over how to end the production limits and reinvigorate the battered industry. Senior executives from Suncor Energy, Canadian Natural Resources, Imperial Oil Ltd and Cenovus Energy said at a TD Securities investor conference in Calgary on Tuesday that they are
From Reuters Canadian crude producer Imperial Oil has recently resumed shipping crude oil by rail from its terminal in Edmonton, Alberta, because of a marginal improvement in rail economics, a company spokesman said on Tuesday. The pickup in volumes is good news for the Alberta government, which is relying on rail to help draw down crude storage inventories in Canada’s
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