Sector: Energy | Industry: Oil & Gas Refining and Marketing |
Company Contact | |
Address: | 505 Quarry Park Boulevard S.E CALGARY AB T2C 5N1 |
Tel: | 1-587-4764743 |
Website: | https://www.imperialoil.ca |
IR: | See website |
Key People | ||
Bradley W. Corson Chairman of the Board, President, Chief Executive Officer | Daniel E. Lyons Senior Vice President - Finance and Administration, Controller | Simon P. Younger Senior Vice President - Upstream |
Ian R. Laing Vice President, General Counsel, Corporate Secretary | Kristi L. Desjardins Vice President - Human Resources | Sherri L. Evers Vice President - Commercial and Corporate Development |
Bruce A. Jolly Treasurer | Kitty Lee Treasurer | Constance D. Gemmell Director - Corporate tax |
Business Overview |
Imperial Oil Limited is a Canada-based integrated oil company. The Company is engaged in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil and natural gas. It is also a producer of crude oil, a petroleum refiner and a marketer of petroleum products. It is also a producer of petrochemicals. The Company's operations are conducted in three main segments: Upstream, Downstream and Chemical. The Company's operations include Cold Lake, Kearl, Nanticoke, Sarnia and Strathcona refinery. The Company's products and services include Asphalt, Chemical products, Esso and Mobil stations, Esso Commercial Cardlocks, Lubricants, Marine, Safety Data Sheets and Wholesale fuels. The Sarnia operation is an integrated fuel, chemical manufacturing and petroleum research facility in Canada. The refinery can process about 120,000 barrels of crude oil daily. This crude oil is processed into a range of products for heat and transportation. |
Financial Overview |
For the fiscal year ended 31 December 2023, Imperial Oil Ltd (USA) revenues decreased 15% to C$50.7B. Net income decreased 33% to C$4.89B. Revenues reflect Downstream segment decrease of 3% to C$55.86B, Natural Gas Production (Cubic Feet) decrease of 59% to 12B cubic feet. Net income also reflects Federal excise tax and fuel charge increase of 10% to C$2.4B (expense). |