In a Weakened Market, Canada's Imperial Oil Turns a Profit

May 7, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With Canadian leaders considering their next steps in a North American trade war, Imperial Oil (Calgary, Alberta) said it recorded a profit during the first quarter while investing less capital year-on-year.
"Imperial delivered strong financial results in the first quarter, highlighting the resilience of our integrated business model," said Brad Corson, Imperial's chairman and chief executive officer.