Tag: Esso
Canadian crude rallies on talks over Kearl oil sands issues
Kearl issues unclear, but plant running low for past two weeks Jan 12 (Reuters) – Western Canadian Select crude for February delivery rallied some $2 a barrel over the last week as traders pointed to unspecified operational issues at Imperial Oil’s Kearl oilsands projects. It was not clear what the issue was, but four trading […]
Imperial Oil Q4 profit plunges 84 per cent on lower realized prices
Imperial Oil suffered $289M net loss in upstream operations CALGARY _ Imperial Oil Ltd., a subsidy of ExxonMobil, says its fourth-quarter profit fell dramatically as a result of lower oil and gas prices, although some of its refinery and chemical operations weren’t affected to the same degree. The company earned $102 million or 12 cents […]
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