July 31, 2014 / 12:17 PM / 4 years ago

Imperial Oil's revenue jumps boosted by higher prices, production

July 31 (Reuters) - Imperial Oil Ltd, Canada’s No.2 integrated oil company, reported higher second-quarter revenue, driven by increased bitumen prices and production.

The company, 69.6 percent owned by Exxon Mobil Corp, said total revenue and other income rose 26.3 percent to C$10.05 billion ($9.21 billion) in the second quarter ended June 30.

Imperial Oil’s net income rose to C$1.23 billion, or C$1.45 per share, from C$327 million, or 38 Canadian cents per share, a year earlier.

This latest quarter included a C$478 million gain associated with the sale of interests in several conventional upstream producing assets. ($1 = 1.0917 Canadian Dollars) (Reporting by Scott Haggett in Calgary and Sneha Banerjee in Bangalore; Editing by Savio D’Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below