IMO Profile
Imperial Oil Limited, a prominent player in Canada's energy sector, specializes in the exploration, production, and sale of crude oil and natural gas. Operating through three distinct segments Upstream, Downstream, and Chemical the company's activities span the entire energy value chain. The Upstream segment focuses on exploring for and producing crude oil, natural gas, synthetic oil, and bitumen, boasting substantial proved undeveloped reserves totaling 386 million oil-equivalent barrels as of December 31, 2021.
In the Downstream segment, Imperial Oil engages in the transportation, refining, and distribution of crude oil and refined products. It manages an extensive pipeline network to transport crude oil to refineries and a distribution system that delivers petroleum products to market via pipeline, tanker, rail, and road transport. The segment also operates fuel terminals and owns and operates pipelines across Alberta, Manitoba, and Ontario. Its retail arm includes approximately 2,400 Esso and Mobil-branded sites, serving both consumers and industrial clients with a range of petroleum products.
Additionally, Imperial Oil's Chemical segment plays a pivotal role in manufacturing and marketing various petrochemicals, including benzene, solvents, plasticizer intermediates, and polyethylene resin. The company is also advancing into new territories through strategic agreements, such as its partnership with E3 Metals Corp. to develop a lithium-extraction pilot project in Alberta, demonstrating its commitment to innovation and diversification.
Established in 1880 and headquartered in Calgary, Canada, Imperial Oil Limited operates as a subsidiary of Exxon Mobil Corporation. With a rich history and robust operational footprint, the company continues to uphold its legacy of excellence in the energy industry while driving sustainable growth and advancing technological innovation in energy extraction and production.
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