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No living large for oil majors as even they take a savage beating from fall in crude prices

Integrated oil companies such as Imperial Oil Ltd., its parent Exxon Mobil Corp., and BP PLC are built to be resilient to market downturns, thanks largely to downstream operations that offset upstream woes. 753 more words

Energy

Low oil prices dent Imperial Oil earnings; 2016 capital spending set 50% lower

Plunging synthetic crude and bitumen prices took the shine off a 27 per cent increase in production for Imperial Oil Ltd., leading to fourth-quarter operating earnings that came in one-third below analyst expectations. 727 more words

Energy

Imperial Oil Ltd fourth quarter profit plunges 84% on low oil prices

Imperial Oil Ltd., the Canadian affiliate of Exxon Mobil Corp., said profit in the fourth quarter sank as oil remained near 12-year lows amid rising production. 196 more words

Breaking

Letters: Say no to refinery expansion, more pollution

Say no to expansion, more pollution

Re: “Imperial Oil weighs plan for diluent recovery,” Dec. 3

Prime Minister Justin Trudeau is back from the Paris summit, mulling over the development of plans for a national climate change framework. 420 more words

Letters

Imperial Oil planning diluent recovery unit for Strathcona refinery

Imperial Oil Ltd. is evaluating plans for a project at its Strathcona refinery that would recover diluent from diluted bitumen before the bitumen is loaded into rail cars for transport to North American markets. 448 more words

Local Business

Day in History, Nov. 27, 1948: New oil town developed in less than a year

The discovery of oil at Leduc on Feb. 12, 1947, brought in a gush of workers and their families into the area. Inadequate water, power and sewage infrastructure to handle the sudden population increase prompted Imperial Oil to create a new, company-built town for its employees. 298 more words

Local News

Defiant oilsands industry adds Keystone XL rejection to list of woes

The oilsands has 99 problems, and Keystone XL is just one of them.

Long before U.S. President Barack Obama announced Friday his widely expected rejection of TransCanada Corp.’s controversial Alberta-to-Nebraska proposal, investors had already baked in the verdict. 826 more words

Energy