Imperial Oil announced on Thursday, December 12, 2024, that it forecasts higher crude production for the year 2025. The company expects to achieve this increase by ramping up output from its existing oil sands assets. This outlook was part of the company's 2025 corporate guidance.
The forecast indicates Imperial Oil's confidence in its operational capabilities and asset base to deliver increased volumes. Higher production is a key driver for revenue and profitability in the Upstream segment.
This guidance provides investors with a positive outlook on the company's core business performance for the upcoming year. It suggests a focus on maximizing value from current operations through efficiency and optimization.
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