Imperial Petroleum

IMPP

Imperial Oil Limited (French: Compagnie Pétrolière Impériale Ltée) is a Canadian petroleum company. It is Canada's second-biggest integrated oil company. It is majority-owned by American oil company ExxonMobil, with around 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.Imperial Oil has been ranked 34th in the Arctic Environmental Responsibility Index (AERI) for 2021 out of 120 mining, oil, and gas corporations that extract resources north of the Arctic Circle.

Imperial Petroleum has been a target of short sellers for a while. The current short interest of 7.71% is roughly at the average of the last 12 months (6.92%).