Imperial Oil Officer believe that the company will be ‘strong’ on potential costs from us

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Emperial Oil Oil Officer Ltd. We say that the hope of Canada can avoid potential tax prices in energy products, but they believe that his company is well placed to endorse side effects.

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Talking on Friday in the fourth cupcakes, Chairman of Imperial and the CEO Brad Cosson said they hope “Diplomies will prevent” from protecting levis in Canada and any taxes.

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When he saw that the US ‘rely on the heavy canada crude, “Cosson added that it was difficult to predict that the South’s warrant will make bodies.

“We don’t know what will happen at the tax rates,” said Corson.

“I, and many others, I spent a lot of time teaching the sides of the border around the unique and both of these countries.”

US President Donald Trump threatened 25 tax rates from the introduction from Canada and Mexico at the beginning of Saturday. He said Thursday would decide on that night that he puts oil in that plan.

“Because they sent it oil, we will see,” Trump told reporters when signing the active actions in the Oval office Thursday afternoon.

“Depending on what the price. If you are well suitable for good, if they treat well – they don’t,” says Trump.

During the visual address in World Economic Foram last week, Trump had taken the deciping tone.

“We don’t need its oil and electricity. We have more than any human,” he said.

Corson said that avoiding boundaries on the driver of power could be “win-win” in both countries.

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“Any taxes will lead to finding negative impacts in the economy, customers, so let’s hope to avoid that,” he said.

“But I can’t control that. So what we focus on, ‘What can we control?’ We also make sure we have the lowest cost of provision, we have options where we place a CReude and our products on the market. “

CORSON said that Imperial will be able to “a different stability” in the negative effects of taxes due to its production of its production both the harmful crudes and light crudes.

“The power of integration, I think, makes us stronger than others,” he said.

“Feb. 1 seems to be a great day of taxes and so we will see that it is closer, but I am sure we will continue to make money, we will continue to produce that shareholders.”

He said the confidence of the Imperial resolution had increased its quarterly separation on Friday. The company has announced that 20 percent of the 72 percent of the 72 cents are one for each budget, from 60 cents, as the fourth annual benefit of the same quarter last year.

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The company declare at $ 2.37 for a quarterly decumulation of December 31, from $ 2.47 for a dispated budget annually.

Analysts on average awaiting $ 2.12 for each assignment, according to the LSEG data and analytics.

The result has come as a total income of Imperial and revenue up to $ 12,61 billion in quarter, down from $ 13.11 billion per quarter last year ago.

Imperial said its UPSTRAMM production in a quarter at 460,000 oils equivalent to oil a day, its higher production over 30 years when remodeling XTLO in Canada.

The result was high from complete oil barrels a whole day before.

Quarterly installation on a quarter of 4111,000 drums on a day, through the use of total 95 percent, compared to 407,000 drums a year and the use of 94 percent annually.

The report by the Canadian machine was published by Jan 31, 2025.

Companies in this story: (TSX: Mo)

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