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Overview
Imperial Oil Limited is a Canadian petroleum company that has been in operation since 1880. It is one of the largest integrated oil companies in Canada and is also one of the country's largest producers of natural gas. The company is headquartered in Calgary, Alberta and has operations and assets throughout the country. Imperial Oil is a subsidiary of the American multinational corporation Exxon Mobil Corporation, which acquired controlling interest in the company in 1898. However, Imperial Oil continues to operate as a separate entity with its own management and board of directors. The company's primary activities include the exploration, production, and sale of crude oil and natural gas, as well as the refining and marketing of petroleum products. It also produces and markets petrochemicals and lubricants, and operates a network of gas stations under the Esso brand. Imperial Oil has a significant presence in the Canadian oil sands, with a large stake in the Syncrude project and a joint venture with Exxon Mobil in Cold Lake, Alberta. It also has interests in offshore drilling in the Beaufort Sea and in the Norman Wells oilfield in the Northwest Territories. The company is committed to responsible, sustainable practices in its operations and has implemented various environmental and social responsibility initiatives. It has received recognition for its efforts in areas such as climate change mitigation, water management, and community engagement. Imperial Oil is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol "IMO." As of 2021, the company has approximately 5,000 employees and a market capitalization of over $22 billion.
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