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Imperial Oil

@imperialoil.ca

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Description

Imperial Oil is a Canadian multinational petroleum company headquartered in Calgary, Alberta. It is one of Canada's largest integrated oil and gas companies and has a long history dating back to its founding in 1880. Imperial Oil was originally known as The Imperial Oil Company Limited and was incorporated in 1880.


It started as a subsidiary of Standard Oil, and after the dissolution of Standard Oil in 1911, Imperial Oil became an independent company. Over the years, the company expanded its operations and diversified its product portfolio. The company's headquarters are located in Calgary, Alberta, Canada.


It operates in various segments, including upstream exploration and production, downstream refining, marketing, and distribution of petroleum products. Imperial Oil's main products include crude oil, natural gas, petroleum, and petrochemical products. The company owns and operates refineries in Ontario and Alberta, allowing it to refine crude oil into various refined products, including gasoline, diesel, jet fuel, and various petrochemicals.


In terms of global operations, Imperial Oil has a strong presence in Canada and the United States. The company has several subsidiaries, including ExxonMobil Canada, which is a joint venture with Exxon Mobil Corporation. Imperial Oil also has partnerships with various organizations, such as the Syncrude Canada project, in which it holds a significant equity interest.


Imperial Oil is one of the leading players in the Canadian petroleum industry. It is known for its strong market position in the upstream sector, with extensive resource holdings and a portfolio of development projects. As of 2020, the company reported approximately 462,000 barrels of oil equivalent per day in production.


In terms of global sales, Imperial Oil primarily focuses on the Canadian market. However, it also exports its products to the United States and other international markets. The company faces competition from other major oil and gas companies, both domestically and internationally.


In recent years, Imperial Oil has undergone various changes and achieved significant milestones. In 2017, the company completed a major expansion of its Kearl oil sands mining operation, increasing its production capacity. Additionally, it has focused on improving efficiency and reducing its environmental footprint through various initiatives.


As of the latest information available, Imperial Oil is a stable and well-established company, continuously investing in research and development to enhance its operations. It remains committed to fulfilling the energy needs of Canadians while addressing environmental challenges

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Company Type

Public Company

Company Size

5001-10,000

Year Founded

1880

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