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flag Imperial Oil reports lower profits despite increased production, yet raises dividend by 20%.

flag Imperial Oil, a Canadian oil company, saw its fourth-quarter profit drop to $1.23 billion, down from $1.37 billion the previous year, due to lower crude prices despite increased production. flag The company's production rose to 460,000 barrels of oil equivalent per day, up from 452,000 the year before. flag Despite the financial decline, Imperial Oil increased its quarterly dividend by 20%, paying out 72 cents per share.

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