Imperial Oil
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Imperial Oil Limited | |
---|---|
Type | Public (TSX: IMO AMEX: IMO) |
Founded | London, Ontario (1880) |
Headquarters | Calgary, Alberta |
Key people | B.H. (Bruce) March, Chairman, President & CEO |
Industry | Oil and Gasoline |
Products | Petrochemical products |
Revenue | $24.505 billion CAN (2006) |
Employees | 4,869 (2006) |
Website | www.imperialoil.com/ |
Imperial Oil Limited (French: Compagnie Pétrolière Impériale Limitée) (TSX: IMO AMEX: IMO) is Canada's largest petroleum company. It is controlled by ExxonMobil, which owns 69.6% of its stock. In turn it owns 25% of Syncrude Canada Ltd., the world's largest producer of synthetic crude oil from strip mining of oil sands. Imperial Oil operates service stations in Canada under the trade name Esso as well as other brand names. Its owned-and-operated convenience stores use the On the Run / Marché Express or Tiger Express brands.
The company was incorporated in 1880. Historically it has been one of the largest and most powerful corporations in Canada. In 1975 it was listed as the second "largest". [1] Currently headquartered in Calgary, Alberta, Imperial Oil was based in Toronto, Ontario until 2005.
Imperial is one of Canada's top natural gas producers, the country's major refiner and marketer of petroleum products and an important manufacturer of petrochemicals. Most of Imperial's production is from its vast natural resource holdings in Alberta and the Northwest Territories.
[edit] Corporate governance
Current members of the board of directors of Imperial Oil are: Randy Broiles, Brian Fischer, Bruce March, Jack Mintz, Roger Phillips, Jim Shepard, Paul Smith, Sheelagh Whittaker and Victor Young.
Bruce March is the current Chairman, President and CEO since 2002, replacing Tim Hearn who retired effective March 31, 2008.
[edit] See also
- ExxonMobil
- Esso
- Imperial Oil Refinery
- Imperial Oil Building (former Toronto headquarters building)