TSX:IMOOil and Gas
Imperial Oil (TSX:IMO) Hits Record Production Amid Lower Earnings—is Its Capital Strategy Evolving?
Imperial Oil recently reported record oil-equivalent production in the third quarter, achieving 462,000 barrels per day, its highest level in over 30 years, while earnings and sales declined versus the prior year; the company also completed the repurchase of 12.18 million shares for CA$1.47 billion and reaffirmed a quarterly dividend of CA$0.72 per share.
This operational achievement highlights the company's focus on enhancing production output and returning value to shareholders despite...