- Imperial Oil reported 2nd quarter earnings per share (EPS) of C$2.11.
- This is a significant year-over-year increase from C$1.15 EPS last year.
- The market had estimated a slightly higher EPS of C$2.18.
- Total revenues and other income reached C$13.38 billion, marking a 13% increase year-over-year.
- This revenue figure exceeded the market estimate of C$12.29 billion.
- Average production was 404,000 barrels of oil equivalent per day (boe/d), showing an 11% increase compared to last year.
- Refinery throughput was 387,000 barrels per day (b/d), which is almost unchanged from the previous year,
but slightly higher than the estimate of 381,775 b/d. - Capital expenditure for the quarter was C$462 million.
- Current analyst recommendations include 5 buys and 15 holds, with no sell ratings.
A look at Imperial Oil Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| 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 company focused on producing and refining natural gas and petroleum products in Canada, is positioned favorably for long-term growth according to Smartkarma Smart Scores. With a strong growth score of 5, Imperial Oil shows promising potential for expansion and development in the future. This indicates that the company has solid strategies in place to increase its market share and profitability over the long run.
Furthermore, Imperial Oil also demonstrates positive momentum in its operations, scoring a 4 in this aspect. This suggests that the company is moving in a positive direction and has good prospects for continued success. While other factors such as value, dividend, and resilience score moderately, the high scores in growth and momentum indicate a bright long-term outlook for Imperial Oil as it continues to thrive in the energy sector.
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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