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Imperial Oil Q4 profit drops to $1.37bn due to lower commodity prices, but raises quarterly dividend by 20% to 60 cents per share.
Canadian oil and gas company Imperial Oil reported a Q4 profit of $1.37 billion, down from $1.73 billion in 2021, due to lower commodity prices.
Despite the decrease in profit, the company increased its quarterly dividend by 20%, raising the payment to 60 cents per share.
Imperial Oil's upstream production increased to 452,000 gross oil-equivalent barrels per day, while refinery throughput averaged 407,000 barrels per day, although both were lower than the previous year's quarter.
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Las ganancias del cuarto trimestre de Imperial Oil caen a 1.370 millones de dólares debido a los menores precios de las materias primas, pero aumentan el dividendo trimestral en un 20% a 60 centavos por acción.