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Imperial ‘striking a balance’ between shareholder returns and capital spending: CEO
Global News

Imperial ‘striking a balance’ between shareholder returns and capital spending: CEO

Imperial Oil Ltd. announced Friday that it is raising its quarterly dividend by nearly 30 per cent and also plans to buy back up to $1.5 billion worth of shares — further evidence that shareholders of Canadian oil and gas stocks are reaping the benefits of 2022’s global energy crisis. The Calgary-based company reported its third-quarter profit more than doubled compared with a year ago, totalling $2.03 billion or $3.24 per diluted share for the quarter ended Sept. 30, up from $908 million or $1.29 per diluted share in the same quarter a year earlier. Read more: Imperial Oil posts best first quarter profit in 30 years Read More Imperial Oil posts best first quarter profit in 30 years ...