Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 76

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 76
---
 (b)399 407 418 Rated capacity at December 31 (c)434 433 433 Utilization of total refinery capacity (percent)92 94 98 (a)Volume per day metrics are calculated by dividing the volume for the period by the number of calendar days in the period. (b)Refinery throughput is the volume of crude oil and feedstocks that is processed in the refinery atmospheric distillation units. (c)Refining capacity data is based on 100 percent of rated refinery process unit stream-day capacities to process inputs to atmospheric distillation units under normal operating conditions, less the impact of shutdowns for regular repair and maintenance activities, averaged over an extended period of time.

 2024 

Lower refinery throughput in 2024 reflected the impact of planned turnaround activities at Nanticoke, Sarnia and Strathcona refineries.

2023 

Lower refinery throughput in 2023 reflected the impact of planned turnaround activities at Strathcona and Sarnia refineries.

Petroleum product sales

thousands of barrels per day (a)2024 2023 2022 Gasolines223 228 229 Heating, diesel and jet fuels175 176 176 Lube oils and other products (b)46 43 47 Heavy fuel oils22 24 23 Net petroleum product sales466 471 475 (a)Volume per day metrics are calculated by dividing the volume for the period by the number of calendar days in the period.(b)In 2024, benzene and aromatic solvent sales are reported under Petroleum product sales - Lube oils and other products, whereas in 2023, they were reported under Petrochemical sales. The company has determined that the impact of this change is not material; therefore, the comparative periods have not been recast.

59

Chemical 

Overview

North America continued to benefit from abundant supplies of natural gas and gas liquids, providing both low cost energy and feedstock for steam crackers. 

Key events

In 2024, the Chemicals business had strong operating performance following 2023 planned maintenance activities.

The company maintains a competitive advantage through continued operational excellence, consistent product quality, investment and cost discipline, and integration of its chemical plant in Sarnia with the refinery. The company also benefits from its relationship with ExxonMobil’s North American chemical businesses, enabling Imperial to maintain a leadership position in its key market segments. 

Results of operations 

2024 Net income (loss)