Imperial acquires exploration parcels offshore Newfoundland
| December 18, 2003
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Imperial Oil Resources announced today that it was successful, along with co-venturers ExxonMobil Canada and Chevron Canada Resources in acquiring exploration rights for eight deepwater parcels offshore Newfoundland.
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Esso contest winner donates $10,000 to Aberdeen Volunteer Fire Department
| December 16, 2003
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Elvin Dyck never imagined that the routine act of filling up his farm equipment with Esso gasoline would result in a new rapid response truck for the Aberdeen Volunteer Fire Department.
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Imperial Oil corporate citizenship report now available
| December 4, 2003
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Imperial Oil's corporate citizenship report: A Partner in the Canadian Community, is now available on the Imperial Oil website.
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Imperial Oil now producing low-sulphur gasoline across Canada
| November 26, 2003
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Canada's largest producer and marketer of gasoline announced today that it is now producing low-sulphur gasoline at all its refineries across Canada.
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Fourth quarter dividend declaration
| November 20, 2003
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Imperial Oil Limited today declared a quarterly dividend of 22 cents per share on the outstanding common shares of the company, payable on January 1, 2004, to shareholders of record at the close of business on December 3, 2003
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Winter car care and driving tips save money, energy and help the environment
| November 14, 2003
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Winter cold and snow create difficult operating conditions for you and your automobile.
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Imperial Oil's Strathcona refinery now producing low-sulphur gasoline following $140 million construction project
| October 30, 2003
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Imperial Oil today officially opened its low-sulphur gasoline production unit at its Strathcona refinery, reducing its sulphur in gasoline content by over 90 per cent.
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Imperial Oil's nine-month earnings highest on record
| October 23, 2003
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Imperial Oil today announced third-quarter net earnings of $375 million or $1.01 a share, compared with $347 million or $0.91 a share for the third quarter of 2002.
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Imperial Oil contributes $250,000 to NSCC to expand oil & gas curriculum
| October 20, 2003
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A landmark contribution to the NSCC Foundation will enable the NSCC to expand its oil and gas program and better meet the needs of industry.
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Imperial Oil donates $10,000 to Canadian Red Cross Disaster Services Program in support of Hurricane Juan efforts
| October 6, 2003
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Imperial Oil donated $10,000 to the Disaster Services Program of the Canadian Red Cross in Nova Scotia to support the organization's recent response to Hurricane Juan.
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Kidney Foundation teams up with Esso and community lifesavers to promote organ donation
| October 1, 2003
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On Wednesday, October 1st, community lifesavers, such as police, firefighters and ambulance attendants will be pumping gas to launch the Be a LifeSaver promotion sponsored by Esso and Kraft Canada in support of the Kidney Foundation of Canada.
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Esso partners with Montreal Canadiens to support minor hockey
| September 18, 2003
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Esso is proud to announce its partnership with one of Canada's greatest hockey legends, the Montreal Canadiens, in support of the growth and development of minor hockey in Quebec.
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Imperial Oil's Dartmouth refinery now producing low-sulphur gasoline following $80 million refit
| September 4, 2003
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Imperial Oil today officially opened its low-sulphur gasoline production unit at its Dartmouth refinery, reducing its sulphur in gasoline content by over 90 per cent.
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Third quarter 2003 dividend declaration
| August 13, 2003
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Imperial Oil Limited today declared a quarterly dividend of 22 cents per share on the outstanding common shares of the company, payable on October 1, 2003, to shareholders of record at the close of business on September 2, 2003.
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Imperial Oil donates $1 million to University of Waterloo to encourage young women to study computer science
| July 9, 2003
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The Centre for Education in Mathematics and Computing (CEMC) at the University of Waterloo will be able to encourage more school-age women to study computer science thanks to a $1 million gift from Imperial Oil Ltd.
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Imperial Oil continues existing share repurchase program
| June 19, 2003
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Imperial Oil Limited today announced it has received final acceptance from the Toronto Stock Exchange for a new normal course issuer bid to continue its existing share repurchase program facility that will expire on June 20, 2003.
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Funding Agreements Reached & Preliminary Information Package to be Submitted, Mackenzie Delta Producer Group Confirms
| June 18, 2003
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Imperial Oil Resources, on behalf of the Mackenzie Gas Project proponents, announced today that funding and participation agreements between the Producers, the Aboriginal Pipeline Group (APG) and TransCanada PipeLines Limited have been reached and the Preliminary Information Package (PIP) for the Mackenzie Gas Project is being submitted to relevant regulatory authorities.
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Esso Legends Of Hockey Tour takes hockey memorabilia on the road
| June 18, 2003
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Hockey Hall of Fame memorabilia travels to hometowns across Canada
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Imperial awards contract for planned Scotian Slope exploration well
| June 5, 2003
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Imperial Oil Resources Ventures Limited (Imperial) has awarded the contract for drilling services for a planned deepwater exploration well in 2003 to Ocean Rig Canada.
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Imperial marks official start-up of new Mahkeses facility at Cold Lake
| June 3, 2003
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Imperial Oil Limited today hosted the official opening of its plant and field facilities for the Mahkeses (Phases 11-13) project, a major expansion of its heavy-oil operations at Cold Lake, Alberta
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Esso's heavy duty engine oils meet Caterpillar's new ECF-1 specification
| June 1, 2003
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Imperial Oil announced today that three of its diesel engine oils - Esso XD-3 Extra 15W-40, Mobil Delvac 1300 Super, and Delvac 1 -- all meet Caterpillar's ECF-1 (Engine Crankcase Fluid) specification, a new standard developed to ensure optimum life and performance of Caterpillar engines.
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Imperial Oil donates $250,000 to University of Victoria's centre for excellence in science education
| May 30, 2003
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A new centre for excellence in science education will be launched June 2 at the University of Victoria to help provide teachers with the tools they need to develop a more scientifically literate populace and to inspire Canada’s next generation of scientists
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Imperial Oil recognized for advancing women's hockey in Canada
| May 30, 2003
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Imperial Oil recognized for advancing women's hockey in Canada
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Imperial Oil will seek acceptance to continue its existing share repurchase program
| May 21, 2003
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Imperial Oil today announced that it will seek acceptance from the Toronto Stock Exchange to continue its existing share repurchase program facility that will expire on June 20, 2003.
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Esso Celebrates Toronto campaign benefits Ontario healthcare
| May 8, 2003
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Fuelled by low prices and tremendous civic spirit, Toronto Esso stations were jammed this past weekend with motorists eager to take part in the "Esso Celebrates Toronto" campaign.
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Esso drops gasoline prices for the weekend to support local economy
| May 2, 2003
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Now there's no excuse to stay at home this weekend. Imperial Oil has slashed the price of its regular unleaded gasoline to 49.9 cents per litre until midnight on Sunday, May 4th in a bid to encourage Torontonians to get out and support local businesses.
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Imperial Oil Limited announces first quarter 2003 earnings
| April 22, 2003
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Imperial Oil Limited announces first quarter 2003 earnings
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Mackenzie Gas Project initiates geotechnical work program; awards contracts to Northern companies
| March 4, 2003
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Imperial Oil Resources, on behalf of the Mackenzie Gas Project proponents, has announced the start of a geotechnical work program that will assist in advancing the proposed project.
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First quarter 2003 dividend declaration
| Feb. 19, 2003
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Imperial Oil Limited today declared a quarterly dividend of 21 cents per share on the outstanding common shares of the company, payable on April 1, 2003, to shareholders of record at the close of business on March 4, 2003.
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Imperial Oil announces fourth quarter 2002 earnings
| Jan. 22, 2003
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Imperial Oil Limited today announced 2002 net earnings of $1,210 million or $3.19 a share, compared with $1,239 million or $3.15 a share in 2001.
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Imperial Oil contributes over $2.4 million to the United Way-Centraide. Employees and retirees help to raise over $300,000 more than in 2001. | Jan. 16, 2003 |
Imperial Oil is pleased to announce that the company, in partnership with its employees and retirees, contributed more than $2.4 million to the 2002 United Way-Centraide Campaign across Canada.
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Fourth quarter 2002 dividend declaration
| November 20, 2002
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Imperial Oil Limited today declared a quarterly dividend of 21 cents per share on the outstanding common shares of the company, payable on January 1, 2003, to shareholders of record at the close of business on December 3, 2002.
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Imperial announces new Mobil 1 with SuperSyn now available in Canada
| November 7, 2002
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Imperial Oil is pleased to announce that Mobil 1 with the new SuperSyn anti-wear system is now available in Canada.
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Imperial Oil announces third quarter earnings 2002
| October 22, 2002
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Imperial Oil Limited today announced third-quarter net earnings of $344 million or 91 cents a share, compared with $238 million or 61 cents a share during the third quarter of 2001.
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Innovative, online educational program Esso Shooting For Gold expanded for the 2002/2003 Season
| October 10, 2002
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Outstanding response from teachers and kids alike result in the expansion of a unique educational initiative!
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Imperial announces $350,000 literacy grant to Northern school boards
| October 2, 2002
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Imperial Oil Limited announced today that the Imperial Oil Charitable Foundation (IOCF) has approved a grant of $350,000 to Northwest Territories school boards to promote literacy programs.
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Hudson's Bay Company and Imperial Oil announce points exchange program. Customers can now exchange points between Hbc Rewards and Esso Extra
| September 25, 2002
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Hudson's Bay Company and Imperial Oil today announced a program that will offer Canadians the opportunity to exchange points between the Hbc Rewards and Esso Extra programs, giving more choice, convenience and flexibility to loyalty members
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Aerobatics pilot Bill Carter soars with Imperial Oil at the Nova Scotia International Air Show in Shearwater, Nova Scotia - September 7 and 8, 2002
| September 5, 2002
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Aerobatics pilot Bill Carter is, once again, bringing high-flying excitement to communities across the country during the 2002 air-show season.
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Imperial contributes $25,000 to HayWest drought relief effort
| August 21, 2002
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Imperial Oil today announced it is contributing $25,000 to help drought-affected farmers in western Canada through the HayWest campaign.
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Cogeneration facility to improve energy efficiency and reduce emissions
| August 15, 2002
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Imperial Oil today confirmed plans to construct a 90-megawatt cogeneration facility at its Sarnia refining and petrochemical complex.
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Drivers, stop your engines!
Gasoline industry and government launch anti-idling campaign
| August 14, 2002
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Motorists can save fuel and money by not letting their engines run unnecessarily.
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Third quarter 2002 dividend declaration
| August 14, 2002
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Imperial Oil Limited today declared a quarterly dividend of 21 cents per share on the outstanding common shares of the company, payable on October 1, 2002, to shareholders of record at the close of business on September 3, 2002.
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Imperial Oil announces second quarter earnings 2002
| July 23, 2002
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Imperial Oil Limited today announced second-quarter net earnings of $306 million or 81 cents a share, compared with a record $467 million or $1.18 a share during the second quarter of 2001.
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Imperial Oil continues existing share repurchase program
| June 19, 2002
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Imperial Oil Limited today announced it has received final acceptance from the Toronto Stock Exchange for a new normal course issuer bid to continue its existing share repurchase program facility that will expire on June 20, 2002.
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Clean Air Foundation aims to send 1,000 more old clunkers to "Car Heaven" over the summer months
| June 14, 2002
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The Clean Air Foundation brought its pollution-reducing message to Kitchener-Waterloo today, announcing that it aims to get 1,000 high emitting older cars off South-West Ontario's roads and into "Car Heaven" this summer.
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Imperial files applications to expand its Cold Lake Operations
| June 4, 2002
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Imperial Oil Limited announced today that it has filed with the Alberta Energy and Utilities Board and Alberta Environment applications to further expand its operations at Cold Lake, Alberta.
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Imperial Oil will seek acceptance to continue its existing share repurchase program
| May 24, 2002
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Imperial Oil today announced that it will seek acceptance from the Toronto Stock Exchange to continue its existing share repurchase program facility that will expire on June 20, 2002.
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Second quarter 2002 dividend declaration
| May 24, 2002
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Imperial Oil Limited today declared a quarterly dividend of 21 cents per share on the outstanding common shares of the company, payable on July 1, 2002, to shareholders of record at the close of business on June 6, 2002.
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Engineering contract for Mackenzie Gas Project awarded to COLTKBR
| May 16, 2002
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Imperial Oil Resources, on behalf of the Mackenzie Delta Producers Group, has awarded the conceptual and preliminary engineering for the Mackenzie Gas Project to COLTKBR.
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Imperial Oil announces first quarter earnings 2002
| April 23, 2002
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Imperial Oil Limited today announced first-quarter net earnings of $106 million or 28 cents a share, compared with $340 million or 85 cents a share during the first quarter of 2001.
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Imperial Oil announces the appointment of a new CEO and the election of the board of directors at its annual meeting
| April 23, 2002
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The board of directors of Imperial Oil Limited today announced the appointment of Timothy J. Hearn to the position of chairman, president and chief executive officer of the company.
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Imperial Oil donates $650,000 to university research
| April 19, 2002
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Imperial Oil has donated $650,000 in 2002 to fund research projects at Canadian universities, as part of a program that has been maintained continuously for over 50 years.
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Imperial Oil announces medium term note program
| March 28, 2002
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Imperial Oil Limited today announced that it has filed a Preliminary Short Form Shelf Prospectus with the provincial and territorial securities regulatory authorities in Canada in connection with the issuance of Medium Term Notes.
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Esso and Tim Hortons announce 10-year alliance that will drive new retail vision
| March 26, 2002
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Two of the country's most recognizable brands - Esso and Tim Hortons - today announced they are joining forces in a new deal that will see many Esso retail outlets across the country offer Tim Hortons soups and sandwiches as Imperial Oil reinvents its retail offering to offer the best experience to drivers on the move.
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Royal Canadian Mint honours original crew members of Leduc Oilfield. New gold coin commemorates discovery of oil in Alberta
| February 27, 2002
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The new 2002 14-karat gold coin from the Royal Canadian Mint commemorating the famous Leduc oil strike was officially introduced today in Devon, Alberta.
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First quarter 2002 dividend declaration
| February 25, 2002
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Imperial Oil Limited today declared a quarterly dividend of 21 cents per share on the outstanding common shares of the company, payable on April 1, 2002, to shareholders of record at the close of business on March 8, 2002.
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Imperial Oil Limited announces executive appointments
| January 25, 2002
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R.B. (Bob) Peterson, currently chairman and chief executive officer of Imperial Oil Limited, has announced his intention to retire following the company's annual meeting of shareholders on April 23, 2002.
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Imperial Oil announces 2001 earnings
| January 25, 2002
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Imperial Oil Limited today announced 2001 net earnings of $1,244 million or $3.16 a share, compared with $1,420 million or $3.40 a share in 2000.
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Mackenzie Delta Producers Group and Mackenzie Valley Aboriginal Pipeline Corporation advance to project definition phase
| January 7, 2002
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The Mackenzie Delta Producers Group and the Mackenzie Valley Aboriginal Pipeline Corporation (MVAPC) have announced their intent to begin preparing regulatory applications needed to develop onshore natural gas resources in the Mackenzie Delta, including a Mackenzie Valley Pipeline.
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Imperial Oil Limited appoints president
| December 13, 2001
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The Board of Directors of Imperial Oil Limited today announced the appointment of T.J. (Tim) Hearn to the position of president effective Jan. 1, 2002.
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New and improved Esso Avitat opens at Toronto International Airport
| November 29, 2001
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Imperial Oil and Skyservice FBO Inc. today announced the opening of a new and even further improved Esso Avitat aviation service facility at Toronto International Airport.
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Quarterly dividend declared
| November 21, 2001
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Imperial Oil Limited today declared a quarterly dividend of 21 cents per share on the outstanding common shares of the company, payable on January 1, 2002, to shareholders of record at the close of business on December 3, 2001.
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Imperial Oil boosts University of Calgary teaching resources
| November 9, 2001
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New educational resources at the University of Calgary are helping ensure that tomorrow's teachers know how to utilize the best that technology has to offer.
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Third quarter earnings 2001
| October 18, 2001
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Imperial Oil Limited today announced third-quarter net earnings of $259 million or 66 cents a share, compared with $374 million or 90 cents a share during the third quarter of 2000.
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Mackenzie Delta Producers Group signs memorandum of understanding with aboriginal leaders
| October 15, 2001
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The Mackenzie Delta Producers Group -- Imperial Oil Resources, Conoco Canada Limited, Shell Canada Limited and ExxonMobil Canada -- have today signed a memorandum of understanding with the Aboriginal Peoples of the Northwest Territories, as represented by the Mackenzie Valley Aboriginal Pipeline Corporation (MVAPC), that provides a framework for the parties to move forward on economic and timely development of a Mackenzie Valley pipeline.
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Imperial Oil to Market Mobil-brand lubricants in Canada
| September 25, 2001
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Imperial Oil and Exxon Mobil Corporation have reached an agreement under which Imperial will become the exclusive marketer of Mobil-branded lubricants in Canada.
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Imperial releases fourth annual safety, health and environment report
| September 5, 2001
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Reductions in smog-causing emissions, natural gas flaring at oil-production facilities and the number of operating incidents such as spills and fires are some of the highlights from Imperial's fourth annual safety, health and environment progress report.
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Imperial submits remedial options report, and separately offers to purchase Lynnview Ridge properties
| August 16, 2001
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Imperial Oil Limited today presented a remediation report to Alberta Environment proposing a plan to remove lead and hydrocarbons remaining in the southeast Calgary community of Lynnview Ridge, the site of a former refinery and tank farm facility.
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Quarterly dividend declared
| August 15, 2001
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Imperial Oil Limited today declared a quarterly dividend of 21 cents per share on the outstanding common shares of the company, payable on October 1, 2001, to shareholders of record at the close of business on September 4, 2001.
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Second quarter earnings 2001
| July 25, 2001
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Imperial Oil Limited today announced second-quarter net earnings of $414 million or $1.04 a share, compared with $285 million or 67 cents a share during the second quarter of 2000.
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Imperial Oil continues existing share repurchase program
| June 19, 2001
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Imperial Oil Limited today announced it has received final acceptance from The Toronto Stock Exchange for a new normal course issuer bid to continue its existing share repurchase program that will expire on June 20, 2001.
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Reformulated Esso Protec engine oils improve fuel efficiency. Imperial Oil one of first to adopt a new generation of engine oil quality standards
| June 12, 2001
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Oil has reformulated its high-quality, multi-grade Protec engine oil product lines to provide improved fuel economy and reduce harmful engine deposits to help extend engine life, which can translate into better customer value.
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Mackenzie Delta Producer Group extends its work with Aboriginal Pipeline Group
| June 6, 2001
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The Mackenzie Delta Producers group -- Imperial Oil Resources, Gulf Canada Resources Limited, Shell Canada Limited and ExxonMobil Canada -- will continue to work cooperatively with the Aboriginal peoples of the Northwest Territories to further study the development of a Mackenzie Valley pipeline.
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Esso, Ontario Environment Ministry and Clean Air Foundation join forces to send old cars to "Heaven"
| May 30, 2001
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High-polluting "old clunkers" should be disappearing from Ontario roads at a faster rate than ever this summer, under a new initiative announced today between Imperial Oil, the Ontario Ministry of the Environment and the not-for-profit Clean Air Foundation.
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Quarterly dividend declared
| May 24, 2001
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Imperial Oil Limited today declared a quarterly dividend of 21 cents per share on the outstanding common shares of the company, payable on July 1, 2001, to shareholders of record at the close of business on June 5, 2001, representing an increase of 1.5 cents per share.
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Imperial Oil today announced that it will seek acceptance to continue its existing share repurchase program
| May 24, 2001
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Imperial Oil today announced that it will seek acceptance from The Toronto Stock Exchange to continue its existing share repurchase program that will expire on June 20, 2001.
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Hudson's Bay Company and Imperial Oil announce acceptance of Bay & Zellers credit cards at Esso stations across Canada
| May 23, 2001
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Hudson's Bay Company and Imperial Oil have joined together to offer Canadians more choice, convenience and flexibility - as of May 31, 2001, over 5 million Bay and Zellers credit cardholders can use their card as a method of payment at more than 2,300 Esso-branded service stations across Canada.
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Imperial Oil Limited announced that it has acquired an interest in three deepwater exploration blocks
| May 22, 2001
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Imperial Oil Limited announced today that it has acquired, from ExxonMobil Canada, an interest in three deepwater exploration blocks offshore Nova Scotia.
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Imperial Oil is the first national gasoline retailer in Canada to join Points.com, the first-of-a-kind online loyalty points exchange
| May 7, 2001
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Imperial Oil is the first national gasoline retailer in Canada to join Points.com, the first-of-a-kind online exchange, as part of its continuing enhancement to its Esso Extra loyalty program.
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First quarter earnings 2001
| April 24, 2001
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Imperial Oil Limited today announced first-quarter net earnings of $382 million or 96 cents a share, compared with $269 million or 63 cents a share during the first quarter of 2000.
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Quarterly dividend declared
| February 20, 2001
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Imperial Oil Limited today declared a quarterly dividend of 19.5 cents per share on the outstanding common shares of the company, payable on April 1, 2001, to shareholders of record at the close of business on March 5, 2001.
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Imperial Oil Limited to make application for further expansion at Cold Lake
| February 20, 2001
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Imperial Oil Limited announced today that it is planning to make application for expansion of its operations at Cold Lake, Alberta
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Imperial Oil Limited responds to unsolicited third party tender offer
| January 31, 2001
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Imperial Oil Limited has been notified that TRC Capital Corporation has made an unsolicited tender offer to purchase up to 10,000,000 of the company's common shares at $34.00 (Cdn.) per share.
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Fourth quarter earnings
| January 18, 2001
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Imperial Oil Limited today announced 2000 net earnings of $1,420 million or $3.40 a share, compared with net earnings of $510 million or $1.18 a share in 1999.
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Mackenzie Delta Producer Group reports progress and initiates work with Aboriginal Pipeline Group
| December 12, 2000
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Imperial Oil Resources, Gulf Canada Resources Limited, Shell Canada Limited and Mobil Canada have made significant progress on their joint study of the feasibility of developing Mackenzie Delta gas.
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Imperial Oil Limited and the Alberta Minister of Resource Development announced agreement
| December 7, 2000
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Imperial Oil Limited announced today that it has entered into an agreement with the Alberta Minister of Resource Development, on behalf of the Crown in right of Alberta, that provides for the transition of royalty provisions for all current and proposed operations at Imperial's Cold Lake production project to the Oil Sands Royalty Regulation, 1997 (also known as Generic Regulation).
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Imperial Oil quarterly dividend
| November 16, 2000
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Imperial Oil Limited today declared a quarterly dividend of 19.5 cents per share on the outstanding common shares of the company, payable on Jan. 1, 2001, to shareholders of record at the close of business on Dec. 1, 2000.
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Imperial Oil Limited and Mobil Canada announce agreements
| November 1, 2000
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Imperial Oil Limited and Mobil Canada announced today that effective November 15, they will enter into agreements to share common business and operational support services and to jointly pursue new oil and gas opportunities in Canada.
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Third quarter earnings 2000
| October 18, 2000
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Imperial Oil Limited today announced third-quarter net earnings of $259 million or 66 cents a share, compared with $374 million or 90 cents a share during the third quarter of 2000.
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Second quarter earnings 2000
| July 20, 2000
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Imperial Oil Limited today announced second-quarter net earnings of $285 million or 67 cents a share, compared with $77 million or 17 cents a share during the second quarter of 1999.
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Federated Pipe Lines Ltd
| June 28, 2000
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Imperial Oil Limited announced today that it has reached an agreement with Pembina Pipeline Corporation concerning the sale to Pembina of Imperial's 50-percent ownership of Federated Pipe Lines Ltd.
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Imperial Oil share repurchase program
| May 24, 2000
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Imperial Oil today announced that it will seek acceptance from The Toronto Stock Exchange to continue its existing share repurchase program that will expire on June 20, 2000.
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Imperial Oil quarterly dividend
| May 24, 2000
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Imperial Oil Limited today declared a quarterly dividend of 19.5 cents per share on the outstanding common shares of the company, payable on July 1, 2000, to shareholders of record at the close of business on June 5, 2000.
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Imperial Oil fuelling Trans Canada Trail Relay 2000
| May 24, 2000
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Imperial Oil is proud to be participating in the Trans Canada Trail Relay 2000 by providing Esso-branded fuels in support of the Relay.
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Imperial Oil supports The Great Canadian Geography Challenge
| May 15, 2000
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For the third consecutive year, Imperial Oil will be helping to promote interest in geography among Canadian school children as an official sponsor of The Great Canadian Geography Challenge.
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First quarter earnings 2000
| April 20, 2000
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Imperial Oil Limited today announced first-quarter net earnings of $269 million or 63 cents a share, compared with $37 million or nine cents a share during the first quarter of 1999.
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Producers agree to study feasibility of developing Mackenzie Delta gas
| February 28, 2000
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Imperial Oil Resources, Gulf Canada Resources Limited, Shell Canada Limited and Mobil Canada have entered into an agreement to study the feasibility of developing Mackenzie Delta gas.
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Dividend declared
| February 22, 2000
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Imperial Oil Limited today declared a quarterly dividend of 19.5 cents per share on the outstanding common shares of the company, payable on April 1, 2000, to shareholders of record at the close of business on March 3, 2000.
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Fourth quarter earnings 1999
| January 21, 2000
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Imperial Oil Limited today announced 1999 net earnings of $582 million or $1.35 a share, compared with 1998 net earnings of $554 million or $1.26 a share.
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