Feb. 02, 2021

Imperial Oil reports $1.15B Q4 loss due to a writedown of unconventional asset

Article by The Canadian Press

Imperial Oil Ltd. reported a loss of $1.15 billion for its fourth-quarter as it took a $1.17-billion non-cash charge related to Canadian unconventional natural gas assets it doesn't think it will ever develop. The company says the loss amounted to…

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