Imperial Oil Limited is one of Canada's largest integrated petroleum companies, operating primarily through three business segments: Upstream, Downstream, and Chemical. The Upstream segment focuses on the exploration and production of crude oil, natural gas, synthetic oil, and bitumen, with significant operations in the Alberta oil sands, including the Kearl and Cold Lake projects. The Downstream segment encompasses the transportation and refining of crude oil, as well as the distribution and marketing of refined products. Imperial is Canada's largest petroleum refiner and markets its fuels and lubricants to industrial, commercial, and retail customers, notably through a vast network of Esso and Mobil-branded service stations. The Chemical segment manufactures and markets various petrochemicals, including aliphatic solvents, plasticizer intermediates, and polyethylene resins. Majority-owned by ExxonMobil (which holds an approximate 69.6% stake), Imperial Oil leverages its parent company's technological and operational expertise while maintaining a dominant position in the Canadian energy market. In 2024, the company generated over CAD 51 billion in total revenues, driven primarily by its downstream and upstream operations.
