U.S. Markets close in 52 mins

Imperial Oil: 4Q Earnings Snapshot

CALGARY, Alberta (AP) _ Imperial Oil Ltd. (IMO) on Friday reported fourth-quarter net income of $645.5 million, after reporting a loss in the same period a year earlier.

The Calgary, Alberta-based company said it had profit of 82 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.

The oil and gas and petroleum products company posted revenue of $5.97 billion in the period.

For the year, the company reported profit of $1.79 billion, or $2.21 per share. Revenue was reported as $27.08 billion.

Imperial Oil shares have climbed roughly 9 percent since the beginning of the year. The stock has declined 12 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMO at https://www.zacks.com/ap/IMO