Imperial Oil marks record Q1 production at Kearl ahead of Trans Mountain start [Financial Post (Toronto, Ontario, Canada)]
Imperial Oil Limited (IMO)
NASDAQ:AMEX Investor Relations:
imperialoil.ca/en-ca/company/investors
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Source: Financial Post
CALGARY — Imperial Oil Ltd. pushed its Kearl oilsands project to record production for its first quarter as it continues to ramp up output ahead of the opening of the Trans Mountain pipeline expansion. The company averaged production of 277,000 barrels per day at the project, up about seven per cent from the same quarter last year. Article content “I'm very pleased to report that we sustained the strong operating momentum from the past several quarters,” chief executive Brad Corson told analysts on a conference call discussing the company's latest results on Friday. Article content Overall, Imperial's production rose by a more modest two per cent from last year to an average of 421,000 oil-equivalent barrels per day in its latest quarter as both Cold Lake and Syncrude saw production drop. Output was also off its highest-ever production of the equivalent of 452,000 barrels per day last quarter, due mostly to seasonal factors, Corson said. Imperial, majority-owned by U.S. g
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IMO
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- 4/26/24 - Beat
IMO
Sec Filings
- 5/1/24 - Form 8-K
- 5/1/24 - Form 8-K
- 4/30/24 - Form 8-K
- IMO's page on the SEC website