May 1, 2008 / 4:33 PM / 9 years ago

Imperial Oil profit falls on weak refining results

CALGARY, Alberta, May 1 (Reuters) - First-quarter profit at Imperial Oil Ltd (IMO.TO) fell 12 percent as weak refining results overshadowed the impact of record crude prices, Canada's No. 2 oil producer and refiner by stock market value said on Thursday.

The company, known for extensive heavy oil and oil sands operations as well as its national chain of Esso gas stations, earned C$681 million ($668 million), or 75 Canadian cents a share, down from year-earlier C$774 million, or 81 Canadian cents a share. ($1=$1.02 Canadian) (Reporting by Jeffrey Jones; editing by Rob Wilson)

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