Feb 25, 2014 – News Today

Imperial earnings flat as oil prices slip

CALGARY — A 13 per cent increase in production and record earnings from its downstream operations allowed Imperial Oil Ltd. to nearly match last year’s fourth quarter net income despite high discounts on prices paid for its western Canadian crude oil. The company reported Thursday it earned $1.056 billion or $1.24 per share in the last three months of 2013, down slightly from $1.076 billion or $1.26 in the same period of 2012. Total revenue and other income rose to $8.3 billion from $7.8 billion. Read More