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Imperial Oil recently announced net income for 2007 of $3,188 million (or $3.41 per share). This was the highest net income in the company's history, surpassing the previous record of $3,044 million (or $3.11 a share) in 2006. Fourth quarter earnings were $886 million, (or $0.96 a share) in 2007, compared with $794 million (or $0.83 a share) in the fourth quarter of 2006.
"Overall, improving operations, a strong price environment and record production at both Cold Lake and Syncrude contributed to record earnings and shareholder returns that well exceeded the energy equity index" said Tim Hearn, the company's chairman and chief executive officer. "Furthermore, progress was made on a number of fronts during the year: the balance sheet was strengthened, and long-term investment opportunities were advanced, including regulatory approval for the proposed Kearl Oil Sands project and the addition of major acreage positions" Hearn added.
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Imperial Oil is one of Canada's largest corporations and a leading member of the country's petroleum industry. It is one of Canada's largest producers of crude oil and natural gas, is the country's largest petroleum refiner, and has a leading market share in petroleum products sold through a coast-to-coast supply network that includes close to 2,000 service stations.
Profit Margin (ttm): 13.71%
Operating Margin (ttm): 16.88%
Management Effectiveness
Return on Assets (ttm): 14.37%
Return on Equity (ttm): 41.35%
Total Debt (mrq): 1.45B
Total Debt/Equity (mrq): 0.186
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Portfolio Astra: IMO Activity:
Days held: 191
Inception return: + 6.84 %
Sentiment: Buy
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