Imperial Oil Limited: A Breakdown of Its Exploration, Production, and Sale of Crude Oil and Natural Gas in Canada Imperial Oil Limited is a Canadian-based company that has been in operation since 1880. Its primary focus is on the exploration, production, and sale of crude oil and natural gas within Canada's borders. The company operates through three segments, including Upstream, Downstream, and Chemical segments, all of which have unique roles in the company's overall operation. The Upstream segment engages primarily in the exploration for and production of crude oil, natural gas, synthetic crude oil, and bitumen. Meanwhile, the Downstream segment's role is to transport and refine crude oil, blend refined products, and distribute and market them. This includes transporting crude oil production and third-party crude oil via pipelines, as well as owning and operating refineries and fuel terminals, among other things. Furthermore, the Chemical segment manufactures and markets various benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin; and markets refinery grade propylene. Imperial Oil Limited also markets petroleum products under the Esso and Mobil brands and sells petroleum products, including fuel, asphalt, and lubricants for industrial and transportation customers, independent marketers, and resellers, as well as other refiners serving the agriculture, residential heating, and commercial markets through branded fuel and lubricant resellers. Imperial Oil Limited is headquartered in Calgary, Canada, and is a subsidiary of the Exxon Mobil Corporation. The company plays an important role in the Canadian energy sector with a particular emphasis on upstream exploration and production.