3 Stocks Pushing The Energy Industry Lower
- The revenue growth came in higher than the industry average of 3.5%. Since the same quarter one year prior, revenues rose by 15.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 28.06% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, IMO should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Oil, Gas & Consumable Fuels industry average. The net income increased by 18.5% when compared to the same quarter one year prior, going from $798.00 million to $946.00 million.
- Net operating cash flow has significantly increased by 81.74% to $1,085.00 million when compared to the same quarter last year. In addition, IMPERIAL OIL LTD has also vastly surpassed the industry average cash flow growth rate of 16.72%.
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