IMO Q4 Earnings Surpass Estimates, Revenues Lag, Dividend Rises

Imperial Oil Limited (IMO) reported fourth-quarter 2024 adjusted earnings per share of $1.69, which beat the Zacks Consensus Estimate of$1.42. This increase was driven by higher production levels, improved bitumen realizations and a year-over-year decrease in total expenses. However, the bottom line declined from the year-ago quarter’s $1.81 due to declining downstream margins and lower realized synthetic crude prices.Revenues of$9 billion missed the Zacks Consensus Estimate of $11.2 billion. The top line ...