July 31, 2008 / 6:49 PM / 10 years ago

Imperial Oil profit soars with oil and gas prices

CALGARY, Alberta (Reuters) - Second-quarter profit at Imperial Oil Ltd (IMO.TO) surged 61 percent to a company record as sky-high oil and gas prices more than made up for lower output, Canada’s No. 2 oil producer and refiner said on Thursday.

    Imperial earned C$1.15 billion ($1.13 billion), or C$1.28 a share, up from year-earlier C$712 million, or 76 Canadian cents a share.

    ($1=$1.02 Canadian)

    Reporting by Jeffrey Jones; editing by Rob Wilson

    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