Canada's Imperial Oil posts fall in quarterly profit on lower crude prices
Benchmark Brent crude prices were lower during the April-June quarter compared to a year earlier, pressured by weak global demand, market volatility due to tariffs and increased oil supply from OPEC+.
The company's refinery throughput volumes fell to 376,000 barrels per day during the second quarter from 387,000 bpd a year ago.
The Calgary, Alberta-based company said its net income fell to C$949 million ($684.31 million), or C$1.86 per share, in the quarter ended March 31, from C$1.13 billion, or C$2.11 per share, a year earlier.
($1 = 1.3868 Canadian dollars)
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