Imperial Oil Ltd. reported its third-quarter profit fell compared with a year ago even as its Kearl oilsands operations saw record production.

The company says it earned $539 million or $1.07 per diluted share for the quarter ended Sept. 30, compared with a profit of $1.24 billion or $2.33 per diluted share a year earlier.

Total revenue and other income amounted to $12.05 billion for the quarter, down from $13.26 billion in the same quarter last year.

Excluding a $306 million after-tax non-cash impairment charge and a $249 million after-tax restructuring charge this year, Imperial says it earned $2.17 per diluted share in its latest quarter compared with $2.33 per diluted share a year ago.

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