IMO Q4 Earnings Surpass Estimates, Revenues Lag, Dividend Rises
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Imperial Oil's Q4 earnings exceeded expectations, but revenues fell short. The company plans a capital spending budget of C$1.9-C$2.1 billion and anticipates Upstream production between 433,000-456,000 barrels per day. Additionally, the dividend has been increased.
February 03, 2025 | 1:30 pm
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Imperial Oil's Q4 earnings surpassed estimates, but revenues were below expectations. The company announced a capital spending budget and increased its dividend.
The positive earnings surprise and dividend increase are likely to boost investor sentiment, potentially driving the stock price up. However, the revenue miss may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100