Imperial Oil Limited reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was CAD 13,259 million compared to CAD 13,920 million a year ago. Net income was CAD 1,237 million compared to CAD 1,601 million a year ago. Basic earnings per share from continuing operations was CAD 2.33 compared to CAD 2.77 a year ago. Diluted earnings per share from continuing operations was CAD 2.33 compared to CAD 2.76 a year ago.
For the nine months, sales was CAD 38,925 million compared to CAD 37,860 million a year ago. Net income was CAD 3,565 million compared to CAD 3,524 million a year ago. Basic earnings per share from continuing operations was CAD 6.67 compared to CAD 6.05 a year ago. Diluted earnings per share from continuing operations was CAD 6.66 compared to CAD 6.04 a year ago.
Imperial Oil Limited is an integrated oil company. It is engaged in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil and natural gas. In Canada, it is a producer of crude oil, a petroleum refiner, a marketer of petroleum products, and a producer of petrochemicals. Its segments include Upstream operations, which include the exploration for, and production of, crude oil, natural gas, synthetic crude oil and bitumen; Downstream operations, which consist of the transportation and refining of crude oil, blending of refined products and the distribution and marketing of those products; and Chemical operations, which consist of the manufacturing and marketing of various petrochemicals. Its operations include Cold Lake, Kearl, Nanticoke, Sarnia and Strathcona refinery. Its products and services include Asphalt, Chemical products, Esso and Mobil stations, Esso Commercial Cardlocks, Lubricants, Safety Data Sheets and others.
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