Imperial Oil has been a major
contributor to the growth of the petroleum industry
and to Canada's economic and social development for
more than 120 years. Today, the company is well
positioned to participate in some of the industry's
most promising growth developments.
Imperial's landmark discovery at Leduc, Alberta, was instrumental in the creation of the modern
Canadian petroleum industry. The company also
pioneered development of the oil sands of Alberta,
both through its leadership role in the creation of Syncrude and development of large-scale in-situ
bitumen recovery at Cold Lake.
Through such initiatives, Imperial has grown to
become one of the largest producers of crude oil in
Canada and a major producer of natural gas, as well
as the largest refiner and marketer of petroleum
products and a significant presence in the
petrochemical industry. The company currently
produces about 6 percent of total Canadian primary
energy supply.
Imperial has operations in every part of Canada and
the Esso retail outlets are a familiar part of the
Canadian motoring scene. Major concentrations of
employees are found at office locations in Toronto,
Calgary, and Montreal, as well as plant locations in
Halifax, Sarnia and Nanticoke, Ontario, and Edmonton
and Cold Lake, Alberta. In 2005, the corporate head
office will move to Calgary from eastern Canada.
Good corporate citizenship is a cornerstone of
Imperial's culture. The company serves shareholders
by remaining profitable throughout its history while
at the same time keeping faith with Canada by
contributing to society in many and varied ways,
meeting the needs and expectations of a wide range
of stakeholders.
Imperial is fully committed to safeguarding the
health and well-being of employees, contractors and
the public, as well as the physical environment by
operating facilities safely and reliably. The
company's safety record is consistently among the
best in Canadian industry.
The company also shares the concern that Canadians
have for the environment. As individuals and
citizens, we want to ensure a legacy that includes a
clean and healthy environment.
Imperial is one of Canada's largest corporate
contributors, with the majority of donations being
directed to programs that support youth and
education. In 2002, Imperial Oil contributed $7.8
million to increase the quality of life in Canadian
communities, building on a tradition of corporate
giving that began in 1894, when the company made its
first donation to a Newfoundland seaman's mission.
Today, the majority of community support is
delivered through the Imperial Oil Foundation, which
contributed $6.7 million to more than 400
organizations across Canada. Included in this total
were forty-six grants to eighteen universities to fund research
in areas related to Imperial's business activities,
including environmental programs and development of
new technologies.
Imperial has more than 65,000 direct registered and
non-registered shareholders, most of whom are
resident in Canada. Many others have a stake in the
company's share performance through ownership of
mutual funds or participation in pension plans that
hold shares in the company. The majority shareholder
is
Exxon Mobil Corporation, which holds 69.6 per
cent of Imperial's shares.
The company is committed to corporate citizenship in
the best interests of all shareholders. Between 1992
and 2002, the market price of shares more than
tripled. The company has paid dividends for more
than a century and has increased regular dividend
payments in each of the past nine years.
The company's stock trading symbol is IMO. Our
shares are listed on the Toronto Stock Exchange and
admitted to unlisted trading on the American Stock
Exchange.
The Imperial Oil Review, the company's
award-winning magazine, features some of Canada's
best writers and artists presenting views and
information on a broad range of Canadian and
petroleum-industry topics.
Additional information can be
found at the company's website
http://www.imperialoil.ca including a
historic timeline of company and Canadian petroleum
industry developments.
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