IMO meaning in Business ?

Answer:

What is Imperial Oil Limited mean?

Imperial Oil Limited (French: Compagnie Pétrolière Impériale Ltée) is a Canadian petroleum company. It is Canada's second-biggest integrated oil company. ExxonMobil has a 69.6 percent ownership stake in the company. It is a significant producer of crude oil, diluted bitumen and natural gas, Canada's major petroleum refiner, a key petrochemical producer and a national marketer with coast-to-coast supply and retail networks. It supplies Esso-brand service stations.

It is also known for its holdings in the Alberta Oil Sands. Imperial owns 25 percent of Syncrude, which is one of the world's largest oil sands operations. Imperial is also in a joint venture oil sands mining operation with ExxonMobil, called Kearl Oil Sands.

Imperial Oil is headquartered in Calgary, Alberta. It was based in Toronto, Ontario, until 2005. Most of Imperial's production is from its vast natural resource holdings in the Alberta oil sands and the Norman Wells oil field in the Northwest Territories.

In 2021, Imperial Oil was ranked no. 34 out of 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in the Arctic Environmental Responsibility Index (AERI).

reference

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