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Imperial Oil Profit soars 70%

October 31, 2008 @ 4:20 am In Heavy Oil Company News

Imperial oil said that its Q3 profit soared 70 %, helped by higher oil and natural-gas prices and improved refining margins.

Randy Ollenberger, analyst at BMO Capital Markets in Calgary, said:

On a year-over-year basis, they benefited from much higher prices. Where they did particularly well was refining, because of higher margins.

For full story, click here [1]

For company's website, click here [2]


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URL to article: http://heavyoilinvestingnews.com/276-imperial-oil-profit-soars-70.html

URLs in this post:

[1] here: http://www.bloomberg.com/apps/news?pid=20601082&sid=aoa_36LrtMWA&refer=canada

[2] here: http://www.imperialoil.ca

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