Canada's Imperial Oil reports quarterly loss

Fri Apr 29, 2016 8:08am EDT
 
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April 29 (Reuters) - Imperial Oil Ltd, Canada's integrated oil producer and refiner, reported a quarterly loss, compared with a year ago profit as lower global crude prices continue to hurt its results.

The company's net loss was C$101 million ($80.65 million), or 12 Canadian cents per share, in the first-quarter ended March 31, compared with a net income of C$421 million, or 50 Canadian cents per share, a year earlier.

The company, which is majority owned by Exxon Mobil Corp , said total revenue fell 15.8 percent to C$5.22 billion. ($1 = 1.2524 Canadian dollars) (Reporting by Vishaka George in Bengaluru; Editing by Shounak Dasgupta)