Imperial Oil Q2 profit up, driven by higher commodity prices
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
CALGARY – Imperial Oil Ltd. reported its second-quarter profit was up, primarily driven by higher commodity prices.
The company says it earned $2.2 billion or $4.52 per diluted share for the quarter ending June 30 compared with a profit of $949 million or $1.86 per diluted share a year earlier.
Revenue and other income totalled $16.06 billion, up from $11.23 billion in the second quarter of 2025.
Upstream production in the quarter averaged 414,000 gross oil-equivalent barrels per day, compared with 427,000 a year earlier.
Refinery throughput averaged 331,000 barrels per day, compared with 376,000 barrels per day in the second quarter of 2025.
Imperial downgraded its refinery throughput guidance range for 2026 to 370,000 to 380,000 barrels per day from 395,000 to 405,000 barrels per day to reflect unplanned downtime and a rail logistic hurdle at Strathcona.
This report by The Canadian Press was first published July 31, 2026.
Companies in this story: (TSX:IMO)