Imperial Oil's quarterly profit surges on Alberta tax benefit

02 Aug, 2019

Net profit rose to C$1.2 billion ($907.72 million), or C$1.57, in the second quarter ended June 30, from C$196 million, or 24 Canadian cents, a year earlier.

Production at the company, majority owned by Exxon Mobil Corp, rose to 400,000 barrels of oil equivalent per day (boe/d) from 336,000 boe/d, a year earlier.

Copyright Reuters, 2019

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