Imperial Oil

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For the British oil company operating in Siberia and Kazakhstan, see Imperial Energy Corporation.
Imperial Oil Limited
Type Public (TSX: IMO AMEX: IMO)
Industry Oil and Gasoline
Founded London, Ontario, Canada (1880)
Headquarters Calgary, Alberta, Canada
Key people B.H. (Bruce) March, Chairman, President & CEO
Products Petrochemical products
Revenue Increase$31.240 billion CAD (2008)
Net income Increase$3.88 billion CAD (2008)
Total assets Increase$17.04 billion CAD (2008)
Total equity Increase$9.07 billion CAD (2008)
Employees 5,015 (2010)[1]
Parent Exxon Mobil
Website www.imperialoil.com/
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Imperial Oil Limited (French: Compagnie Pétrolière Impériale Limitée) (TSX: IMO AMEX: IMO) is Canada's largest petroleum company. The company is engaged in the exploration, production and sale of crude oil and natural gas. It is controlled by US based ExxonMobil, which owns 69.6% of its stock. Imperial owns 25% of Syncrude Canada Ltd., the world's largest producer of synthetic crude oil from strip mining of oil sands. Imperial Oil operates service stations in Canada under the trade name Esso as well as other brand names. Its owned-and-operated convenience stores use the On the Run / Marché Express or Tiger Express brands.

The company was incorporated in London, Ontario in 1880.[2] Currently headquartered in Calgary, Alberta, Imperial Oil was based in Toronto, Ontario until August 2005. Imperial Oil maintains major corporate offices in Calgary, Toronto and Montreal.

In 1989 Imperial Oil acquired Texaco's Canadian retails operations, which led to the Texaco brand vanishing from Canada.

Imperial is one of Canada's top natural gas producers, the country's major refiner and marketer of petroleum products and an important manufacturer of petrochemicals. Most of Imperial's production is from its vast natural resource holdings in Alberta and the Northwest Territories.

Corporate governance

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Current members of the board of directors of Imperial Oil are: Krystyna Hoeg, Bruce March, Jack Mintz, Robert Olsen, Roger Phillips, Paul Smith, Sheelagh Whittaker and Victor Young.

Bruce March is the current Chairman, President and CEO since 2008, replacing Tim Hearn who retired effective March 31, 2008.

See also

File:Esso Kanata.jpg
An Esso-branded service station, with On the Run convenience store, in Kanata, Ontario.

References

  1. ↑ "Company Profile for Imperial Oil Ltd (IMO)". http://zenobank.com/index.php?symbol=IMO&page=quotesearch. Retrieved 2008-10-08.
  2. ↑ http://books.google.ca/books?id=I8ofK1wKiLAC&lpg=PA62&dq=%22Lake%20shore%20Boulevard%22%20%22Boulevard%20Drive%22&pg=PA62#v=onepage&q=%22Lake%20shore%20Boulevard%22%20%22Boulevard%20Drive%22&f=false

External links

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S&P/TSX 60 companies of Canada (September 19, 2011)


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