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BRIEF-Imperial Announces Second Quarter 2019 Earnings Per Share Of C$1.57

Published 2019-08-02, 08:03 a/m
© Reuters.  BRIEF-Imperial Announces Second Quarter 2019 Earnings Per Share Of C$1.57
IMO
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Aug 2 (Reuters) - Imperial Oil Ltd IMO.TO :

* IMPERIAL ANNOUNCES SECOND QUARTER 2019 FINANCIAL AND OPERATING RESULTS

* Q2 EARNINGS PER SHARE C$1.57

* HIGHEST Q2 PRODUCTION IN OVER 25 YEARS

* QTRLY OVERALL UPSTREAM GROSS OIL-EQUIVALENT PRODUCTION AVERAGED 400,000 BPD, UP FROM 336,000 BPD

* QTRLY PRODUCTION AVERAGED 400,000 GROSS OIL-EQUIVALENT BARRELS PER DAY, UP FROM 336,000 BARRELS PER DAY

* ON JUNE 21, IMPERIAL ANNOUNCED RENEWAL OF ITS SHARE PURCHASE PROGRAM

* TO BUY APPROXIMATELY 38 MILLION SHARES OVER A 12-MONTH PERIOD ENDING JUNE 26, 2020

* QTRLY REFINERY THROUGHPUT AVERAGED 344,000 BPD, COMPARED TO 363,000 BPD

* CRUDE-BY-RAIL SHIPMENTS AVERAGED 64,000 BARRELS PER DAY IN Q2, UP FROM 36,000 BARRELS PER DAY IN Q1

* QTRLY REVENUES AND OTHER INCOME $9,261 MILLION VERSUS $9,543 MILLION

* Q2 EARNINGS PER SHARE VIEW C$0.79, REVENUE VIEW C$9.01 BILLION -- REFINITIV IBES DATA

* IMPERIAL OIL- UPSTREAM NET INCOME WAS $985 MILLION IN Q2, REFLECTING FAVOURABLE IMPACT ASSOCIATED WITH DECREASED ALBERTA CORPORATE INCOME TAX RATE OF $689 MILLION

* QTRLY GROSS PRODUCTION OF KEARL BITUMEN AVERAGED 207,000 BPD, UP FROM 180,000 BPD

* QTRLY GROSS PRODUCTION OF COLD LAKE BITUMEN AVERAGED 135,000 BPD, UP FROM 133,000 BPD

* QTRLY SHARE OF GROSS PRODUCTION FROM SYNCRUDE AVERAGED 80,000 BPD, UP FROM 50,000 BPD

* REMAINS ON TRACK TO DELIVER ON OUR COMMITMENTS FOR 2019

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