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Imperial Oil Ltd (USA) (A:IMO)

Business Focus: Oil & Gas Refining and Marketing

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).