What does IMO mean in TORONTO STOCK EXCHANGE


IMO is an acronym that stands for Imperial Oil Limited. It is a major integrated oil and gas company headquartered in Canada, with business interests that span North America, the Caribbean and Europe. The company owns 68,000 kilometers of gas pipelines in Canada and the United States, as well as retail gasoline outlets in Canada, branded under the Esso banner. IMO also produces all grades of refined petroleum products such as gasoline, diesel fuel and aviation fuels. With more than 9,000 employees worldwide, IMO's operations are divided into four main segments: retail business; refining and supply; chemicals; and exploration and production (E&P).

IMO

IMO meaning in Toronto Stock Exchange in Business

IMO mostly used in an acronym Toronto Stock Exchange in Category Business that means Imperial Oil Limited

Shorthand: IMO,
Full Form: Imperial Oil Limited

For more information of "Imperial Oil Limited", see the section below.

» Business » Toronto Stock Exchange

Essential Questions and Answers on Imperial Oil Limited in "BUSINESS»TSX"

What is Imperial Oil Limited?

Imperial Oil Limited is a Canadian oil and gas company headquartered in Calgary, Alberta. The company is one of the largest integrated oil companies in North America and is 51% owned by American-based ExxonMobil.

How many employees does Imperial Oil Limited have?

As of December 2019, Imperial Oil had approximately 5,000 employees across Canada.

When was Imperial Oil founded?

Imperial Oil was founded in 1880 by entrepreneurs John Henry Fairbank and Philander Stephens Jamieson as part of the Canadian Pacific Railway project.

What type of operations does Imperial Oil carry out?

Imperial Oil carries out both upstream and downstream activities within the oil and gas sector. Upstream activities involve exploration, development, production, gathering, and processing of crude oil and natural gas liquids (NGLs). Downstream activities include refining and marketing of petroleum products such as gasoline, diesel fuel, aviation fuel, heating fuel, lubricants and specialty products such as sulfur.

Does Imperial Oil operate outside of Canada?

Yes. In addition to its operations in Canada, Imperial Oil has a presence in the United States through its 50%-owned subsidiary ExxonMobil Corporation.

How can I invest in Imperial Oil?

Investors can purchase shares of Imperial Oil on the Toronto Stock Exchange under the ticker symbol IMO. Additionally, investors may purchase shares of ExxonMobil Corporation on the New York Stock Exchange under the ticker symbol XOM which owns 50% of Imperial Oil Ltd.

Does Imperial Oil pay dividends to shareholders?

Yes. Every year since 2002, the board of directors at Imperial has approved an annual dividend payment to shareholders from earnings generated in prior fiscal years. Dividends are typically paid twice yearly with an interim dividend being paid each February or March followed by a final dividend issued each August or September.

Is there any corporate social responsibility initiatives undertaken by Imperial oil?

Yes. Since 2012 25 partner organizations have received over $50 million dollars for local initiatives that promote environmental protection efforts as well as support communities around their areas of operations.

Does imperial oil engage in research & development activity?

Yes. By leveraging existing technology platforms for development applications across its business segments benefits both their operational needs while helping them create new value opportunities through their research & development activities.

Final Words:
In conclusion, IMO stands for Imperial Oil Limited which is one of the leading integrated energy companies operating across North America today specializing largely on exploration & production (E&P) activities as well as downstream operations refining petrolium products such as gasoline & diesel fuels just to name a few. In terms of its international presence it has subsidiaries located all over the world from Latin America to Asia–Pacific with 500 service stations throughout Canada which are branded under Esso offering premium quality fuels for both private & commercial use alike.

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