The Globe & Mail: Imperial, Shell fall short, say analysts
By DAVE EBNER
Friday, July 23, 2004 – Page B2
Shell Canada Ltd. increased its dividend 14 per cent yesterday — the second hike in the past year — as it reported a big jump in second-quarter profit, fuelled by increased production at an oil sands venture where it has a majority stake.
Rival Imperial Oil Ltd. reported a lower quarterly profit compared with last year but said that with the exclusion of unusual items in the year-ago period, profit in the April-June period actually rose.