Imperial earnings up 21%
Nov 1, 2012 at 6:21 pm in Business, News by tyler.king
A day after Suncor reported a 21 percent jump in 3rd quarter profits, Imperial Oil has reported the exact same results.
The company says its net earnings were just over a billion dollars in that timeframe, compared to 859 million a year ago.
It says the numbers went up because of better results at its refineries.
The numbers were actually hurt by lower profits from Syncrude, and more money spent on getting the new Kearl project ready.
Overall production was down almost 4 percent.
The company also says the Kearl expansion project is 20 percent done.
November 1, 2012