Imperial profits top $1b

Imperial Oil’s first quarter earnings passed the one billion mark this year.

That’s thirty percent higher than last year, when the company made a profit of just under 800 million.

Unplanned maintenance at Syncrude pushed down its share of production there from 80 to 74 thousand barrels per day.

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The company still expects its 110 thousand b-p-d Kearl project to open this year.

Published April 27, 2012

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