Imperial Oil posts $196M distinction in 2nd quarter, aloft revenue
Imperial Oil Ltd. had a $196-million distinction in a second entertain and a scarcely 36 per cent boost in revenue, imprinting a turnaround from a detriment it gifted a year earlier.
The quarter’s net income was 24 cents per share, that compared with a year-earlier detriment of $77 million or 9 cents per share.
Total income was $9.5 billion, adult about $2.5 billion from a year earlier.
Imperial’s downstream activities were a vital drivers of expansion during a quarter.
Analysts had estimated 53 cents per share of net income and about $8.8 billion of revenue, according to Thomson Reuters Eikon.
The association pronounced it expects a operational opening to be stronger in a second half of 2018 due to execution of upkeep in a second quarter.
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Article source: https://www.cbc.ca/news/canada/calgary/imperial-oil-profit-2q-1.4764239?cmp=rss