Imperial Petroleum Inc. (IMPP) entered 2025 with bold ambitions — and its latest earnings release shows those ambitions taking shape. In the second quarter alone, the company expanded its fleet by more than 50%, deepened its position in both the tanker and dry bulk markets, and continued a multi-year streak of consistent profitability.
Imperial plans to construct a world-class renewable diesel complex at its Strathcona refinery near Edmonton, Alberta.
Capital spending is forecast at $1.4 billion includes the ramp-up of the in-pit tailings project at the Kearl oil sands facility, completion and commissioning of the Sarnia products pipeline in southern Ontario as well as on-going investment in Kearl’s autonomous fleet and the application of solvent technologies at Cold Lake.
Imperial Oil Resources Cold Lake operation produces, on average, about 160,000 barrels of bitumen a day (gross). Our local leases cover about 780 square kilometres (about 300 square miles), and are located in the Municipal District of Bonnyville, Treaty 6 territory, and Metis Nation of Alberta Zone II. We operate…
