Imperial Oil Q4 Profit Declines - Quick Facts

(RTTNews) - Imperial Oil Ltd. (IMO, IMO.TO) Thursday reported fourth-quarter net income of C$1.06 billion or C$1.24 per share, lower than C$1.08 billion or C$1.26 per share in the previous year.

On average, seven analysts polled by Thomson Reuters expected the company to earn C$0.90 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues and other income increased to C$8.36 billion from C$7.80 billion a year ago. Analysts estimated revenues of C$8.46 billion for the quarter.

Total expenses advanced to C$6.99 billion from C$6.39 billion last year.

Fourth quarter gross production averaged 329,000 oil-equivalent barrels per day, up from 285,000 barrels in 2012, mainly due to production from the Kearl project start-up and Celtic acquisition, the firm said.

Imperial Oil also declared a quarterly dividend of C$0.13 per share, to shareholders of record on March 5, 2014, payable on April 1.