Imperial Oil Ltd. announced earnings and production results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenues and other income of CAD 8,442 million compared with CAD 6,229 million for the same period a year ago. Income before income taxes was CAD 1,663 million compared with CAD 129 million for the same period a year ago. Net income was CAD 1,444 million or CAD 1.70 per diluted share compared with CAD 102 million or CAD 0.12 per diluted share for the same period a year ago. Cash flows from operating activities was CAD 751 million compared with CAD 405 million for the same period a year ago. Capital and exploration expenditures was CAD 213 million compared with CAD 584 million for the same period a year ago.

For the full year, the company reported total revenues and other income of CAD 27,354 million compared with CAD 26,888 million for the same period a year ago. Income before income taxes was CAD 2,444 million compared with CAD 1,923 million for the same period a year ago. Net income was CAD 2,165 million or CAD 2.55 per diluted share compared with CAD 1,122 million or CAD 1.32 per diluted share for the same period a year ago. Cash flows from operating activities was CAD 2,015 million compared with CAD 2,167 million for the same period a year ago. Capital and exploration expenditures was CAD 1,161 million compared with CAD 3,595 million for the same period a year ago.

For the quarter, the company reported total crude oil production of 377,000 barrels per day compared with 378,000 barrels per day for the same period a year ago. Total crude oil and NGL production was 378,000 barrels per day compared with 380,000 barrels per day for the same period a year ago. Net natural gas production was 113 million of cubic feet per day compared with 119 million of cubic feet per day for the same period a year ago.

For the year, the company reported total crude oil production of 363,000 barrels per day compared with 343,000 barrels per day for the same period a year ago. Total crude oil and NGL production was 364,000 barrels per day compared with 344,000 barrels per day for the same period a year ago. Net natural gas production was 122 million of cubic feet per day compared with 125 million of cubic feet per day for the same period a year ago.