Oct 28 (Reuters) - Imperial Oil Ltd IMO.TO
* Imperial earns $1 billion in third quarter of 2016
* Q3 earnings per share C$1.18
* Imperial Oil Ltd - sale of company-owned retail sites is progressing as planned
* Qtrly gross oil-equivalent production was 393,000 barrels per day, up 7,000 barrels per day compared to same period in 2015
* Imperial Oil Ltd qtrly refinery throughput was 407,000 barrels per day, an increase of 17,000 barrels per day compared to same quarter of 2015
* Imperial Oil Ltd - Qtrly syncrude production averaged 85,000 barrels per day (Imperial's share), up 26,000 barrels per day from same quarter of 2015
* Upstream recorded a net loss in q3 of $26 million, compared to a net loss of $52 million
* Imperial Oil - performing assessment of its major long-lived assets most at risk for potential impairment, similar to exercise undertaken in late 2015
* Results in Q3 of 2016 mainly reflect impact of higher syncrude volumes of about $90 million and lower operating expenses
* Imperial Oil- will complete asset recoverability assessment, analyze its conclusions in connection with preparation and review of year-end financials for 10-k
* Imperial Oil - if price range of first 9 months of 2016 persist for remainder of year, some quantities of oil will not qualify as proved reserves at year-end
* Imperial Oil Ltd - earnings in quarter included a gain of $716 million ($0.84 per-share) from sale of retail sites Source text for Eikon: Further company coverage: IMO.TO