Imperial’s Third-Quarter Results In Line With Expectations
Imperial reported third-quarter production volumes of 393 thousands barrels of oil equivalent per day, compared with 386 mboe/d in the year-ago period and in line with our expectations. Increased production was driven by improved reliability at Syncrude, which more than offset planned and unplanned maintenance at Kearl. Refinery throughput averaged 407 mboe/d, up 4% from the prior year and in line with our expectations. Utilization approached a record high at 97%.Additionally, Imperial generate...
Imperial Oil is an integrated oil company. Co. is active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil and natural gas. In Canada, Co. is a producer of crude oil, natural gas and petroleum refiner and a marketer of petroleum products. Co. is also a producer of petrochemicals. As of Dec 31 2017, Co. had 1.57 billion barrels of oil-equivalent basis of net proved reserves, which consisted of 44.0 million barrels of liquids, 641.00 billion cubic feet of natural gas, 473.0 million barrels of synthetic oil, and 946.0 million barrels of bitumen.
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