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While the dividend increase is attractive, the oil price uncertainty might not be enough to attract investors to its stock in the months ahead.
Imperial Oil Limited (IMO) Q1 2023 Earnings Call Transcript.
Imperial Oil Limited (TSX:IMO) reported a first quarter profit beat on Friday with lower upstream realizations and refining margins offset by higher output and strong refining performance. The Calgary, Alberta-based petroleum company reported a net profit of $1.25 billion or $2.13 per share, up from $1.17 billion or $1.75 per share in the same quarter in 2022.
Imperial Oil (IMO) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.38 per share a year ago.
Imperial Oil (IMO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Imperial Oil (IMO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Exxon Mobil Corporation (NYSE:XOM) is expected to report its first quarter 2023 financial results, for the period ending March 31, 2023, before the market opens on Friday, April 28, 2023. The analyst consensus forecast is for earnings per share (EPS) of $2.65, up from $2.07 during the same period last year, according to Zacks Investment Research.
Imperial (IMO) announces the imminent completion of oil sands wastewater cleanup process in May, leading to environmental sustainability and responsible operations.
Imperial Oil (IMO) has been working to improve its spill prevention and response capabilities by investing in new technology and training programs.
Imperial Oil Limited's financial stability, efficient operations, and dedication to sustainability make it a standout investment opportunity. The company's Q4 2022 results demonstrate its ability to adapt to changing market conditions and drive growth even during difficult times.