- Imperial Oil reported first-quarter earnings per share (EPS) of C$2.52, exceeding expectations of C$2.11 and surpassing last year’s EPS of C$2.23.
- Total revenues and other income reached C$12.52 billion, a 1.9% increase from the previous year and higher than the forecasted C$11.66 billion.
- Average production stood at 418,000 barrels of oil equivalent per day (boe/d), slightly down by 0.7% compared to the previous year.
- Refinery throughput was 397,000 barrels per day (b/d), experiencing a decline of 2.5% year-over-year.
- Capital expenditure for the quarter amounted to C$398 million.
- CEO Brad Corson highlighted the strong financial results and resilience of Imperial’s integrated business model, noting benefits in both the Upstream and Downstream businesses.
- Analyst ratings for Imperial Oil include 6 buys, 10 holds, and 3 sells.
A look at Imperial Oil Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Imperial Oil Ltd., a Canadian company focused on the production and refining of natural gas and petroleum products, as well as the manufacturing of petrochemicals, shows promising long-term prospects based on the Smartkarma Smart Scores. With a solid score of 4 for both Growth and Resilience, Imperial Oil demonstrates a strong potential for future expansion and an ability to withstand market challenges. Additionally, the company scores a respectable 3 for both Value and Dividend, indicating decent financial fundamentals and a reliable dividend payout.
In terms of market performance, Imperial Oil receives a Momentum score of 4, highlighting the positive trend in its stock dynamics. Overall, with a combination of favorable scores across various key factors, Imperial Oil appears to be well-positioned for sustained growth and stability in the long run within the Canadian oil and gas industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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