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Imperial Oil reports lower profits despite increased production, yet raises dividend by 20%.
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.
The company's production rose to 460,000 barrels of oil equivalent per day, up from 452,000 the year before.
Despite the financial decline, Imperial Oil increased its quarterly dividend by 20%, paying out 72 cents per share.
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Imperial Oil reporta menores ganancias a pesar del aumento de la producción, pero aumenta los dividendos en un 20%.