As Canada’s energy sector ramps up for the anticipated start-up of the Trans Mountain pipeline expansion, Imperial Oil Ltd. reported its highest production levels in over 30 years in the fourth quarter of 2023.
The Calgary-based company — which is majority-owned by U.S. giant Exxon Mobil — said its output for the three months ended Dec. 31 averaged 452,000 gross oil-equivalent barrels per day, up from 441,000 in the same period a year earlier.
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