Imperial announces first quarter 2020 financial and operating results
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Business Wire
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSX:IMO):Focused on worker health and safety while maintaining energy supply for Canadians during pandemicFinancial results impacted by COVID-19 and depressed March crude pricesProactively adjusted business and capital plans in response to market environmentRecord first quarter production at Kearl and refinery throughput at StrathconaNet loss of $188 million including non-cash charges of $301 million, driven by low quarter-end pricesCash generated from operations of $423 millionCash balance of $1.4 billion at end of first quarter and strong liquidityMaintained quarterly dividend of 22 cents per share First quartermillions of Canadian dollars, unless noted 2020 2019 ?Net Income (loss) (U.S. GAAP)(188) 293 -481Net Income (loss) per common share, assuming dilution (dollars)(0.25) 0.38
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