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Imperial Oil Company Limited - Case Study Example

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Imperial Oil Company Limited

The company is important in the Canadian economy as oil products are the choice for the transportation fuel and Imperial Oil captures a significant portion of the market; since it was once a national asset which now is in the hands of the private sector but, still it contributes significantly in terms of taxes and supporting the economy.
The Imperial Oil Company Limited is in the petroleum business, involved in all upstream and downstream activities; including exploration, production, transportation and sale of crude oil and natural gas, and lastly, the manufacture and transportation and sale of petroleum products.
The Imperial Oil Limited's board of directors comprises of 8 directors, 5 of which are non employee directors. These directors are responsible for the overall management of the company. Profiles of each are as follows:
Mr. Broiles joined Mobil Corporation in 1979 as a process engineer in South Texas and has held positions of increasing responsibility over 25 years including project management, technical, line management, commercial negotiations, and strategic planning.
Prior to his current appointment with Imperial, he served as the global planning manager for the Houston-based ExxonMobil Production Co., a position he held for three years.Before that, he was the executive director of production for ExxonMobil, based in Lagos, Nigeria for four years (1997-2001), after his two-year assignment (1995-1997) as vice-president of production for Mobil Oil Canada's Western Canadian business. He was also the production manager for Mobil's Hugoton Field Area for two years (1993-1995), located in Liberal, Kansas.In addition, he was planning manager for Mobil New Producing Ventures for two years (1991-1993), where he contributed to the company's acquisition of material working interests in Qatar's North Field, Kazakhstan's Tengiz field, and Venezuela's Cerro Negro field.

Mr. Broiles is a member of the American Society of Petroleum Engineers and serves on the CAPP Board of Governors as well as the CAPP Safety and Human Resources CEO Task Group.

T.J. (Tim) Hearn
Mr. Hearn is chairman, president and chief ...Show more

Summary

The company under analysis in the Imperial Oil Company Limited; its ranked 8th in the top 500 Financial Post Ranking. It was founded in the year 1880, since then it has been acquired, merged with others to grow. Now, it employees around 7800 employees. The company is involved in all upstream and downstream activities of petroleum industry…
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