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Imperial posts 2nd-most profitable year ever

PHOTO. A 2011 photo of Syncrude's production facility at the Mildred Lake site. File photo.

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