January 31, 2012 / 2:18 PM / in 6 years

UPDATE 1-Imperial Oil Q4 profit rises 26 pct

Jan 31 (Reuters) - Imperial Oil Ltd, Canada’s No. 2 oil producer and refiner, said on Tuesday its fourth-quarter profit rose 26 percent, helped by higher refining margins.

The company, majority owned by Exxon Mobil Corp, said net income rose to C$1 billion ($995.5 million), or C$1.18 a share, from C$799 million, or 94 Canadian cents a share, in the fourth quarter of 2010.

The company’s total revenue and other income rose 17 percent to C$8.12 billion. ($1 = 1.0046 Canadian dollars) (Reporting by Shounak Dasgupta in Bangalore; Editing by Sreejiraj Eluvangal)

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