Imperial Oil Limited out of Calgary, Alberta, Canada, was founded in London, Ontario, way back in 1880. While it’s unclear what the company’s original charter was designed to be, everything changed in 1947 when company explorers discovered the Leduc Wood bend Devonian oil reef. From that point on, the company began its journey that has culminated in it becoming Canada’s second-biggest integrated oil concern.
Today, the company is responsible for a lot of the country’s gas and petroleum goods production. Imperial Oil’s base charter includes crude oil and natural gas exploration and drilling, refining of crude for consumption and the development of petrochemicals. They are also heavily involved in the extraction of oil products from sand with a lot of the reserves coming from the Alberta Oil sands.
While the company is publicly traded on the Toronto Stock Exchange under the symbol: IMO, it’s worth noting that Exxon Mobil Corp. owned or still owns a 69.6 percent ownership stake in the company. Additionally, Imperial Oil owns a 25% stake in Syncrude (oil sands company) and another investment in Kearl Oil Sands, a mining operation held in partnership with Exxon. Finally, the company owns and operates, mostly through franchises, over 1,700 gas stations under the brands Esso and On the Run/Marché Express, which operates in conjunction with the Tiger Express convenience store brand.
Currently, the company is led by Richard Kruger, Chairman, President & CEO. The organization employs approximately 5,300 people worldwide with a majority of them located in the Ontario region. As recently as the fiscal year ended in 2012, Imperial Oil had operating revenues of $31.188 billion CAD, which translated into net income of $3.766 billion CAD. The company also had $2.264 billion CAD in held assets and total shareholder’s equity of $16.377 billion CAD. For more recent financial information, people can contact the company through its website.