India, Jan. 31 -- Imperial Oil Ltd. (IMO,IMO.TO) reported on Friday that fourth-quarter net income declined to C$1.23 billion or C$2.37 per share from C$1.37 billion or C$2.47 per share in the prior-year quarter, primarily due to lower realizations, partially offset by higher production and stronger downstream refinery capacity utilization.
Total revenues and other income for the quarter decreased to C$12.61 billion from C$13.11 billion in the same quarter last year.
On average, analysts polled expected the company to report earnings of C$2.18 per share on revenues of C$13.21 billion for the quarter. Analysts' estimates typically exclude special items.
The company's production averaged 460,000 gross oil-equivalent barrels per day in the ...