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Imperial Oil Reports $949M Profit in Second Quarter

  • Hyundai and Kia experienced sales increases of 15% and 12%, respectively, possibly due to customers purchasing vehicles before new tariffs took effect.
  • Canadian Prime Minister Mark Carney expressed disappointment over the 35% tariff imposed on Canada, but remains committed to the USMCA agreement.
  • Mercedes is pausing production of its EVs in Alabama and has struggled with sales.
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15 Articles

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Imperial Oil optimistic about major project talks with federal government

The chief executive of Imperial Oil Ltd. says he is encouraged by discussions with the federal government regarding support for industry projects, as the company reported second-quarter results.

CTV NewsCTV News
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Imperial Oil reports $949M profit in second quarter

Imperial Oil Ltd. says its net income came in at $949 million during the second quarter, down from $1.13 billion a year earlier.

·Canada
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Lean Left

The President and CEO of Imperial is encouraged by discussions with the federal government on support for industrial projects, following the release of the company's second quarter results.

·Montreal, Canada
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  • 82% of the sources lean Left
82% Left

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The Globe & Mail broke the news in Canada on Friday, August 1, 2025.
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