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Stocks in play: Imperial Oil Limited

Baystreet.ca

Reported full-year financial figures Friday morning. Estimated full-year 2019 net income was $2,200 million, including fourth quarter results of $271 million. 2019 results include a favourable impact, largely non-cash, of $662 million associated with the Alberta corporate income tax rate decrease enacted in June. Annual production of 398,000 gross oil-equivalent barrels per day, the highest in over 25 years. Kearl supplemental crushing capacity online as planned. Returned over $2 billion to shareholders in 2019 through share purchases and dividends. Imperial Oil Limited shares T.IMO are trading down $0.43 at $31.71.

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