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Alberta Online Encyclopedia
Canadian Petroleum Heritage
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Imperial Oil Ltd.

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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