Imperial reports $101 million loss in first quarter of 2016

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[{"type":"text","content":"\n\n\n\nImperial reports $101 million loss in first quarter of 2016\n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\n\n\n\n\nImperial reports $101 million loss in first quarter of 2016\nCanada NewsWire\nCALGARY, April 29, 2016\n\n\n\n\n\nProduction up 26 percent, liquids at record 399,000 barrels per day\n\n\nUpstream unit cash costs reduced by 25 percent\n\n\nSale of company-owned retail stations proceeding for $2.8 billion\n\n\n\nCALGARY, April 29, 2016 /CNW/ -\n\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nFirst quarter\n\n\n\n\n(millions of dollars, unless noted)\n\n\n \n\n\n2016\n\n\n \n\n\n \n\n\n \n\n\n2015\n\n\n               %\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet income (loss) (U.S. GAAP)\n\n\n \n\n\n(101)\n\n\n \n\n\n \n\n\n \n\n\n421\n\n\n(124)\n\n\n\n\nNet income (loss) per common share - assuming dilution (dollars)\n\n\n\n\n\n\n(0.12)\n\n\n \n\n\n \n\n\n \n\n\n0.50\n\n\n(124)\n\n\n\n\nCapital and exploration expenditures\n\n\n \n\n\n408\n\n\n \n\n\n \n\n\n \n\n\n1,050\n\n\n(61)\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nIn what continues to be a challenging business environment, the company\n made significant progress on strategic priorities. Specifically, we\...

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