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Imperial Oil

 

Imperial Oil

Imperial Oil Limited
Public
Traded as
Industry Petroleum[2]
Founded London, Ontario, Canada (1880)
Headquarters Calgary, Alberta, Canada
Key people
Richard M. Kruger, Chairman, President & CEO[3][4]
Products Petrochemical[2] products
Revenue $31,188 billion CAD (2012)[2]
$3,766 billion CAD (2012)[2]
Total assets $29,364 billion CAD (2012)[2]
Total equity $16,377 billion CAD (2012)[2]
Number of employees
5,263 (2012)[2]
Parent ExxonMobil (69.6 percent ownership stake as of December 31, 2012)[2]
Website .ca.imperialoilwww

Imperial Oil Limited (French: L'Impériale) is a Canadian petroleum company.[2] It is Canada's second-biggest integrated oil company.[3] Exxon Mobil Corp. had a 69.6 percent ownership stake in the company as of December 31, 2012.[2] It is a significant producer of crude oil and natural gas, Canada’s major petroleum refiner, a key petrochemical producer and a national marketer with coast-to-coast supply and retail networks.[2] Its retail operations include Esso-brand service stations and On the Run/Marché Express and Tiger Express-brand convenience stores.[2][5] It is also known for its holdings in the Alberta Oil Sands.[3] Imperial owns 25 percent of Syncrude, which is one of the world’s largest oil sands operations.[2]

Currently headquartered in Calgary, Alberta, Imperial Oil was based in Toronto, Ontario, until 2005.[6] Imperial Oil maintains major corporate offices in Calgary, Toronto and Montreal.

Most of Imperial's production is from its vast natural resource holdings in Alberta and the Northwest Territories.

Contents

  • History 1
    • Involvement with Hockey Night in Canada 1.1
  • Corporate governance 2
  • See also 3
  • References 4
  • External links 5

History

The company was incorporated in London, Ontario, in 1880 (Filey 1998:62).[7]

Imperial Oil discovered the Leduc Woodbend Devonian oil reef in 1947, marking the beginning of the contemporary period in Canadian oil and gas development.[8] Drilling began on the landmark discovery well Leduc No. 1 on November 20, 1946.[8]

In 1989, Imperial Oil acquired Texaco's Canadian operations.[9]

Involvement with Hockey Night in Canada

From the 1934-35 season through the 1975-76 season, Imperial Oil was a sponsor of the Canadian Broadcasting Corp. program Hockey Night in Canada for both radio and television broadcasts.[10][11]

Corporate governance

In February 2013, Richard Kruger, President of ExxonMobil Production Co. and a Vice President of Exxon Mobil Corp., was appointed to be Chief Executive of Imperial Oil.[3] His predecessor, Bruce March, left to become senior vice president of global operations for ExxonMobil Chemical Co.[3]

Besides Richard Kruger, other members of the Board of Directors of Imperial Oil are Krystyna Hoeg, Jack Mintz, David Sutherland, Darren Woods, Sheelagh Whittaker and Victor Young.[4]

See also

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

References

  1. ^ "S&P/TSX 60 Index" ( 
  2. ^ a b c d e f g h i j k l m "2012 Summary Annual Report" (PDF).  
  3. ^ a b c d e Bhaswati Mukhopadhyay (February 21, 2013). Sriraj Kalluvila, ed. "Imperial Oil names Exxon veteran Kruger as CEO".  
  4. ^ a b "Board of Directors".  
  5. ^ "On The Run".  
  6. ^ Stephen Ewart (October 2, 2012). "Ewart: Imperial Oil Faces Urban-Suburban Challenge".  
  7. ^ Mike Filey (April 1, 1998). Discover and Explore Toronto's Waterfront. Dundurn, Ontario. p. 144. 
  8. ^ a b Frank Dabbs (Director Petroleum History Society) (March 2004). "Before Leduc and Some Musings on the Meaning of History" (PDF). Petroleum History Society Archives (Calgary, Alberta) XV (3). Retrieved July 13, 2013. 
  9. ^ "Texaco Canada Inc".  
  10. ^ J. Lyman Potts (January 2002). "Saturday Night Hockey / Hockey Night in Canada".  
  11. ^ Paul Patskou (August 2007). "Hockey Night in Canada - The Television Years".  

External links

  • Imperial Oil Homepage
Divisions
People
Facilities
Controversies
Brands
Oil and gas fields
Other
S&P/TSX 60 companies of Canada (September 18, 2015.)
Benchmarks
Data
Natural gas
Petroleum
Exploration
Drilling
Production
History
Provinces and fields
Other topics
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