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

Business | 188 hits | Feb 02 6:48 am | Posted by: DrCaleb

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.

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