Imperial Oil Earnings Plummet By 72% On Turnaround, Lower Prices ...Middle East

Canada’s Imperial Oil reported on Friday a 72% annual plunge in net income for the second quarter amid lower commodity prices and significant turnaround activities in both the upstream and downstream divisions. Imperial Oil, majority-owned by U.S. supermajor ExxonMobil, posted a net income of US$510 million (C$675 million) for the second quarter, down from US$1.8 billion (C$2.4 billion) for the same period of 2022. The net income in the April-June 2023 quarter was also halved from the income for the first quarter of 2023, hit by…

Hence then, the article about imperial oil earnings plummet by 72 on turnaround lower prices was published today ( Friday 28/07/2023 - 08:33 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Imperial Oil Earnings Plummet By 72% On Turnaround, Lower Prices )

Also on site :

• INCERGO S.A. PROGRESSION DE LA FUSION AVEC VISUAL SEMICONDUCTOR PAR L'ÉMISSION D'ACTIONS ET PRÉSENTATION D'ÉCRANS 3D SANS LUNETTE AU SALON DE L'ÉLECTRONIQUE GRAND PUBLIC DE LAS VEGAS
• Nigeria: Govt Unveils 2026 Economic Growth Agenda, Set to Prioritise Jobs, Investments
• Russia’s Sanctioned LNG Finds a Growing Market in China