Imperial Oil's stock plummeted 5.13% during intraday trading on Friday.
The decline came after the company reported first-quarter financial results that missed analyst expectations. Imperial Oil posted earnings per share that fell short of estimates, with net income declining to C$940 million from C$1.29 billion a year earlier.
Refinery throughput averaged 384,000 barrels per day, down from 397,000 in the prior year due to unplanned downtime and a coker outage at Syncrude Canada. Cash flows from operating activities also declined significantly to C$756 million from C$1.53 billion in the same period last year.
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