Imperial posts 2nd-most profitable year ever
Feb 1, 2012 at 5:58 am in Business, News by tyler.king
2011 was the second best year ever for Imperial Oil.
The company announced that a 26 percent jump in fourth quarter earnings gave it more than three and a third billion dollars of income for the full year.
That’s 53 percent higher than in 2010.
Higher oil prices helped make up for a drop in production to fewer than 300 thousand barrels of oil per day thanks to a drop in output at Syncrude.
Published February 1, 2012