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Imperial Oil Limited Earns $366 Million in Second Quarter, Boosts Production to Highest Level in 25 Years

Source: The Canadian Press, JWNEnergy.com, August 05, 2021

Imperial Oil Limited says it earned $366 million in the second quarter and boosted production to its highest level in 25 years for the same period.

The Calgary-based company says it earned 50 cents per share in the three months ended June 30, compared with a net loss of $526 million or 72 cents per share in the same period of 2020.

However, its second quarter earnings declined from the first quarter of 2021, when it earned $758 million. Its cash flow from operating activities in the second quarter was $852 million, down from $1.05 billion in the first quarter of 2021.

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