Imperial says 2015 capital spend will come in below C$4 bln budget

Wed Sep 23, 2015 9:37am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

CALGARY, Alberta, Sept 23 (Reuters) - Imperial Oil, Canada's No. 2 integrated oil producer, said on Wednesday its total 2015 capital expenditures will be a couple of million dollars under the C$4 billion ($3.01 billion)budgeted for the year.

Speaking at an investor day in Toronto, Imperial chief executive Rich Kruger said the company had been able to renegotiate third party contracts and enhance productivity. ($1 = 1.3283 Canadian dollars) (Reporting by Nia Williams; Editing by Chizu Nomiyama)