Imperial Oil Ltd - Company Profile
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Business Description
Imperial Oil Ltd (Imperial Oil), a subsidiary of Exxon Mobil Corporation, is a vertically integrated oil and gas company. The company is involved in all aspects of the petroleum industry in Canada, including the exploration, production, and sale of crude oil and natural gas.
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R&D Overview
Imperial is focused on research and development (R&D) initiatives on maintaining a competitive position through innovation and technology. The company emphasizes adapting to a changing market, regulatory, and policy environment, particularly in developing or deploying technologies to reduce greenhouse gas emissions intensity. The company also aims to capture the benefits of new and emerging technologies, such as artificial intelligence and digital data technologies, to gain business insights and support operations. Additionally, the company has implemented autonomous systems at its Kearl site to improve productivity, reduce costs, and enhance operational safety. In FY2025, the company spent CAD134 million on R&D, which as a percentage of revenue stood at 0.3% and grew 14% YoY.
Business Segments
Overview
It manufactures and markets petrochemical products including benzene, aromatic and aliphatic solvents, plasticizer intermediates and polyethylene resin. It operates petrochemical and polyethylene production in Sarnia, Ontario. In FY2025, the segment’s capital expenditure stood at CAD11 million, which decline 63% YoY.
Performance
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Overview
Comprises refining and blending of crude oil into petroleum products; marketing and sales of petroleum products; and manufacturing and marketing of lubricants and specialties. Product portfolio includes gasoline, heating, diesel, jet fuels, heavy fuel oils, lube oils and other products. Operates retail outlets and markets its petroleum products under the Mobil and Esso brands. It supplements its own production of crude oil, condensate and petroleum products with purchases from other sources. Operates refineries in Strathcona, Alberta; Sarnia, Ontario; and Nanticoke, Ontario. In FY2025, the segment’s capital expenditure stood at CAD412 million, which decline 28% YoY.
Performance
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Overview
It carries out the exploration and production of crude oil, natural gas, synthetic oil and bitumen. Major exploration areas include Western provinces, Canada lands, and the Atlantic offshore. In FY2025, the segment’s capital expenditure stood at CAD1,480 million, which grew 37% YoY.
Performance
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