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Imperial Oil posts $1.17B first-quarter profit, best in over 30 years

CTV News: 'With the price of a litre at the Calgary pump poised to jump this weekend, Imperial Oil Ltd. says it posted its highest first-quarter profit in over 30 years as it earned $1.17 billion, boosted by higher oil prices. The company also announced plans to buy back up to $2.5 billion of its common shares. Total revenue and other income amounted to $12.69 billion, up from $7 billion in the first three months of 2021.'

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