Imperial Oil Limited (IMO) Q1 2022 Earnings Call Transcript

For the period ending March 31, 2022

April 29, 2022 11:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, thank you for standing by and welcome for the Imperial Q1 2022 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the call over to your host, Dave Hughes, Vice President of Investor Relations. You may begin.

Dave Hughes

Thank you. Good morning, everybody. Thanks for joining us today on our first quarter earnings call. I'll start by introducing the management team who is here with me. Brad Corson, Chairman, President and CEO; Dan Lyons, Senior Vice President, Finance and Administration; Simon Younger, Senior Vice President of the Upstream; Sherri Evers, Vice President of Commercial and Corporate Development; and Jon Wetmore, Vice President of the Downstream.

So first of all I'll read the cautionary statement. Today's comments include reference to non-GAAP financial measures. The definitions and reconciliations of these measures can be found in Attachment 6 of our most recent press release and are available on our website with the link to this conference call.

Today's comments may also contain forward-looking information. Any forward-looking information is not a guarantee of future performance and actual future financial performance and operating results can differ materially depending on a number of factors and assumptions. Forward-looking information and the risk factors and assumptions are described in further detail in our first quarter earnings press release that we issued this morning, as well as our most recent Form 10-K and all of these documents are available on SEDAR, EDGAR and on our website. So please refer to those.

We'll follow our typical format. Brad will start with some opening remarks and then, Dan will provide a financial update then move back to Brad for an operating update and then we'll follow it up with a Q&A session.

So with that, I'll turn it over to Brad.

Brad Corson

Okay. Thank you, Dave, and good morning, everybody, and welcome to our first quarter earnings call. I hope you’re all doing well. Back in February, when I spoke to you about our fourth quarter results, we talked about how we wrapped up the year strong, with another quarter of solid operating performance and strong financial results.