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flag Imperial Oil to cut 1,000 jobs by 2027, consolidate operations, and save C$150M annually.

flag Imperial Oil plans to cut about 20% of its workforce—approximately 1,000 jobs—by the end of 2027 as part of a restructuring aimed at saving C$150 million annually by 2028. flag The Calgary-based company, majority-owned by Exxon Mobil, will consolidate operations, relocating most roles to its Strathcona refinery near Edmonton by late 2028. flag A C$330 million one-time restructuring charge is expected in the third quarter of 2025. flag Despite a decline in second-quarter revenue to C$11.23 billion from C$13.38 billion the prior year, Imperial maintains its 2025 production and cost targets, citing strong performance at its oil sands operations. flag The company emphasized support for affected employees and said the move is driven by technology integration and operational efficiency, not weak market conditions.

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