Canada has produced some of the top companies in the world – Few of the companies are ranked in Forbes global 1000 ranking – Signifying the global presence and impact that these companies have on the world. The top companies in Canada include George Weston, Royal Bank of Canada, Power Corp. of Canada, Toronto-Dominion Bank, Manulife Financial Corp, Alimentation Couche-Tard Inc, Magna International along with companies like Enbridge, The Bank of Nova Scotia and Imperial Oil Ltd. Here is the list of the top 10 Companies in Canada in 2016.
10. Imperial Oil Ltd
The organization was established in 1978. Headquartered in Calgary, Alberta, Imperial Oil was situated in Toronto, Ontario, until 2005.
Image: company website
Imperial Oil Ltd has a subsidiary named Imperial Oil Resources Limited, and the Company is occupied with the exploration, production, generation and sale of natural gas and crude oil. The Company's operations are broadly 3 operational segments: Upstream, Downstream and Chemical.
Upstream operations incorporate the exploration and production of crude oil and natural gas. As far as the downstream operation is concerned, it comprises of the transportation and refining of crude oil, mixing of refined items and the conveyance and marketing of those items. Chemical operations comprise of the production and sale of various final end product petrochemicals.
Imperial Oil Limited is one of the largest petroleum Company in Canada. The largest stakeholder in the company is by Exxon Mobil Corp. who holds more than 69% possession stake in the company. Imperial Oil is a Canada's major petroleum refiner, a key petrochemical producer and a noteworthy maker of diluted bitumen, crude oil and natural gas. The company has vast retail operations that include Esso-brand service stations The company also holds stakes in the Alberta Oil Sands. Syncrude, which is one of the world's biggest oil sands operation company, is believed to be held by Imperial with claims of 25 percent stakes. In Kearl Oil sands, Imperial is believed to be in a joint endeavor oil sands mining operation with ExxonMobil Corp.
The majority of Imperial's generation is from its vast oil wells and natural resource holdings in the Alberta Oil sands. It also holds large Norman Wells oil field in the Northwest Territories.
Imperial Oil Limited’s sales turnover in Canada was 26.7 Billion Canadian dollars in 2015. The company earned 1.22 Billion Canadian dollars profit.