Imperial Oil
Imperial Oil Limited (French: Compagnie Pétrolière Impériale Limitée) is Canada's second largest petroleum company (by market capitalization). The company is engaged in the exploration, production and sale of crude oil and natural gas. It is controlled by US based ExxonMobil, which owns 69.6% of its stock. Imperial owns 25% of Syncrude Canada Ltd., the world's largest producer of synthetic crude oil from surface mining of oil sands. Imperial Oil operates service stations in Canada under the trade name Esso as well as other brand names. Its owned-and-operated convenience stores use the On the Run / Marché Express or Tiger Express brands.
The company was incorporated in London, Ontario in 1880. Currently headquartered in Calgary, Alberta, Imperial Oil was based in Toronto, Ontario until August 2005. Imperial Oil maintains major corporate offices in Calgary, Toronto and Montreal.
In 1989 Imperial Oil acquired Texaco's Canadian retails operations, which led to the Texaco brand vanishing from Canada.
Imperial is one of Canada's top natural gas producers, the country's major refiner and marketer of petroleum products and an important manufacturer of petrochemicals. Most of Imperial's production is from its vast natural resource holdings in Alberta and the Northwest Territories.
Read more about Imperial Oil: Corporate Governance
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