A flare stack lights the sky from the Imperial Oil refinery in Edmonton in 2018.Jason Franson/The Canadian Press
Imperial Oil Ltd. IMO-T raised its quarterly dividend by 20 per cent and reported its fourth-quarter profit fell compared with a year ago as it saw lower oil prices.
The company says it will now pay a quarterly dividend of 87 cents per share, up from 72 cents per share.
Imperial says it earned $492-million or $1 per diluted share for the final quarter of 2025 quarter compared with a profit of $1.23-billion or $2.37 per diluted share a year earlier.
On an adjusted basis, Imperial says it earned $1.97 per diluted share in its latest quarter, down from an adjusted profit of $2.37 per diluted share a year earlier.
Revenue and other income totalled $11.28-billion, down from $12.61-billion in the fourth quarter of 2024.
Upstream production in the quarter averaged 444,000 gross oil-equivalent barrels per day, compared with 460,000 a year earlier. Refinery throughput averaged 408,000 barrels per day, compared with 411,000 barrels per day in the fourth quarter of 2024.