Refiners report plunging quarterly profits
04.02.2020
MOSCOW (MRC) -- Canada's Imperial Oil Ltd reported a 68% fall in quarterly profit on Friday, as a rise in Canadian crude prices fueled by Alberta's production cuts reduced the company's refining margins, said Hydrocarbonprocessing.The company, majority-owned by Exxon Mobil Corp, said net income fell to CD271 million (USD206.21 million), or 36 Canadian cents per share, in the fourth quart