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Imperial Oil Limited, with head offices in Toronto, is an energy company incorporated in 1880 as the Imperial Oil Co. An American company, Standard Oil, bought a majority interest in 1898, and the present name was adopted in 1959. In 1978 Imperial Oil formed Esso Resources Canada Ltd to handle its resource operations. Active in all phases of the PETROLEUM INDUSTRY, Imperial Oil is the largest marketer and refiner of petroleum products, the largest producer of crude oil in Canada and a major producer of natural gas. It also manufactures and sells chemicals, fertilizers and building materials and has mining exploration and development interests. Through Syncrude Canada Ltd, in which it holds a 25% interest, Imperial Oil is also participating in a plant producing synthetic crude oil from the Athabasca oil sands.
In 1995 it had sales or operating revenues of $9.28 billion, assets of $12.0 billion and 7800 employees. In 1987 Imperial bought Sulpetro, a Calgary-based natural gas producer, and in 1990 it completed its merger with Texaco Canada. The company is 79% foreign owned, with Exxon Corp of New York holding 70% of the shares.
 Imperial Oil BuildingImperial Oil Ltd. Building, Toronto (photo by Hellmut W. Schade).
Author
DEBORAH C. SAWYER
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Imperial Oil
Imperial Oil is one of Canada's largest corporations and has been a leading member of the petroleum industry for more than a century. Look in this section for historical background, details on current operations, on-line versions of corporate publications such as the award-winning Imperial Oil Review magazine, and information about the company's long-standing and continuing support for worthwhile causes.
System for Electronic Document Analysis and Retrieval
Search the SEDAR online database for disclosure documents of Canadian public companies and mutual funds. From the Canadian Securities Administrators.
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