As a result, oil prices are up across the board. West Texas Intermediate (WTI) crude is near $80 per barrel, up from the mid-$40 range at this point last year. Brent crude has had a similar increase, and now trades at $82 per barrel.
Imperial Oil is one of Canada’s largest integrated oil businesses. The company operates through three reporting segments: Upstream, Downstream, and Chemical. Imperial Oil is headquartered in Calgary, Alberta, Canada.