Imperial Oil
Fifth Avenue Place: Current Headquarters of Imperial Oil | |
Public | |
Traded as | |
Industry | Petroleum[2] |
Founded | London, Ontario, Canada (1880) |
Headquarters | Calgary, Alberta, Canada |
Key people | Richard 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 | $2.364 billion CAD (2012)[2] |
Total equity | $16.377 billion CAD (2012)[2] |
Owner | ExxonMobil (69.6%) (2012)[2] |
Number of employees | 5,263 (2012)[2] |
Website |
www |
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.
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]
Retail
Imperial Oil has 1700 service stations with majority owned third parties and sold 497 stations in 2016.[12]
See also
- ExxonMobil
- Esso
- Imperial Oil - Dartmouth Refinery
- Imperial Oil - Nanticoke Refinery
- Imperial Oil - Strathcona Refinery
- Imperial Oil Building (former Toronto headquarters building)
- Nuns' Island gas station, an Esso station designed by Ludwig Mies van der Rohe in 1969
- Ioco, Port Moody
References
- ↑ "S&P/TSX 60 Index" (.xls). Standard & Poor's. June 28, 2013. Retrieved July 14, 2013.
- 1 2 3 4 5 6 7 8 9 10 11 12 13 "2012 Summary Annual Report" (PDF). Imperial Oil Ltd. 2012. Retrieved July 7, 2013.
- 1 2 3 4 5 Bhaswati Mukhopadhyay (February 21, 2013). Sriraj Kalluvila, ed. "Imperial Oil names Exxon veteran Kruger as CEO". Reuters. Retrieved July 7, 2013.
- 1 2 "Board of Directors". Imperial Oil Ltd. Retrieved July 13, 2013.
- ↑ "On The Run". Imperial Oil Ltd. Retrieved July 13, 2013.
- ↑ Stephen Ewart (October 2, 2012). "Ewart: Imperial Oil Faces Urban-Suburban Challenge". Calgary Herald. Retrieved July 13, 2013.
- ↑ Mike Filey (April 1, 1998). Discover and Explore Toronto's Waterfront. Dundurn, Ontario. p. 144.
- 1 2 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.
- ↑ "Texaco Canada Inc". The Canadian Encyclopedia. Retrieved July 13, 2013.
- ↑ J. Lyman Potts (January 2002). "Saturday Night Hockey / Hockey Night in Canada". Canadian Communications Foundation. Retrieved July 13, 2013.
- ↑ Paul Patskou (August 2007). "Hockey Night in Canada - The Television Years". Canadian Communications Foundation. Retrieved July 13, 2013.
- ↑ http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/imperial-oil-to-sell-497-esso-gas-stations-for-28-billion/article29084354/
External links
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