Imperial Oil

IEEFA Research

IEEFA update: ExxonMobil’s slide from the Top Ten of the S&P 500 ‒ historic turning point for the company

Milestone further underscores downward trend in the oil and gas sector

August 30, 2019 (IEEFA U.S.) ‒ ExxonMobil is no longer in the Top Ten of the Standard & Poor’s 500 Index, according to S&P’s monthly standings, as detailed in a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The briefing note, ExxonMobil’s Fall from the S&P 500 Top Ten: […]

Report: ‘A Constellation of Risks’: How Public Accountability Is Slowing Tar Sands Development

Report: ‘A Constellation of Risks’: How Public Accountability Is Slowing Tar Sands Development

Material Risks: How public accountability is slowing tar sands development (pdf) By: Tom Sanzillo (IEEFA), Lorne Stockman (Oil Change International), Deborah Rogers (Energy Policy Forum), Hannah McKinnon (Oil Change International), Elizabeth Bast (Oil Change International), and Steve Kretzmann (Oil Change International)

October 29, 2014 Read More →

More News and Commentary

ExxonMobil warns of possible 20% writedown in oil and gas assets

Bloomberg: Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books. If depressed prices persist for the rest of the year, “certain quantities of crude oil, bitumen and natural gas will not qualify as proved reserves at year-end 2020,” the company […]

August 6, 2020 Read More →

Norway’s investment fund withdraws coal-related holdings, puts others on notice

Reuters: Norway’s $1 trillion wealth fund is excluding some of the world’s biggest commodities firms from its portfolio, including Glencore and Anglo American, because of their use and production of coal. Underlining the growing role of climate considerations for long-term investors, the fund is also excluding German utility RWE, South African petrochemicals firm Sasol and […]

May 13, 2020 Read More →

Norway’s municipal pension fund completes divestment of Canadian oil sands assets

Canada’s National Observer: Norway’s municipal employees pension fund, the country’s largest, has sold its last remaining stakes in companies with operations in Canada’s oil sands, saying holding them does not align with efforts to keep global heating below internationally agreed-upon targets. The fund, Kommunal Landspensjonskasse (KLP), last year dumped stocks that drew more than 30 […]

October 7, 2019 Read More →
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IEEFA update: ExxonMobil’s slide from the Top Ten of the S&P 500 ‒ historic turning point for the company

Milestone further underscores downward trend in the oil and gas sector

August 30, 2019 (IEEFA U.S.) ‒ ExxonMobil is no longer in the Top Ten of the Standard & Poor’s 500 Index, according to S&P’s monthly standings, as detailed in a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The briefing note, ExxonMobil’s Fall from the S&P 500 Top Ten: […]

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IEEFA update: ExxonMobil’s drill, drill, drill strategy earns a “D-“

Dismal Q1 report card weakens company’s business model

ExxonMobil’s poor first-quarter earnings report revealed diminished profits, weak revenues, unproven cost reduction strategies, meager asset sales and the need to borrow US$3 billion to make ends meet. The company continued its drill, drill, drill strategy and paid an increase in dividends, even as a gang of ugly financial facts slaughtered its business model. Its […]

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IEEFA update: ExxonMobil rebooking Canadian oil sands reserves

Raises new questions about financial reporting

March 29, 2019 (IEEFA U.S.) – ExxonMobil’s recent 10K filing for 2018 shows it has rebooked 3.2 billion barrels of Canadian oil sands reserves, increasing its worldwide reserves from 21.2 billion barrels in 2017 to 24.3 billion barrels in 2018, a 13% increase. In a briefing note, ExxonMobil’s Prodigal Reserves Return: Company Rebooks 3.2 Billion […]

In the New Energy Economy, Public Accountability Is a Market Force

Good intentions aren’t the same as good strategy. In a column the other day in the weekly Hill Times of Toronto, Robert L. Evans, a professor emeritus at the University of British Columbia, suggested that Keystone XL opponents have been wasting their time. “The protest groups would have a much greater impact on the sustainability […]

January 27, 2015 Read More →

Our Tar-Sands Outlook, Part 2: Weak Fundamentals



By DEBORAH ROGERS  The tar-sands industry faces numerous vulnerabilities, none of which appears insurmountable on its own. Taken as a whole, however, these vulnerabilities create a daunting constellation of risks, as we explained last week in a report we published. That report, which we published with Oil Change International, examined the top 10 large tar-sands […]

November 4, 2014 Read More →

Our Tar-Sands Outlook, Part 1: Costly Opposition, in Perpetuity

By TOM SANZILLO The bottom line on the financial analysis we published last week around Canadian tar-sands development is that public opposition has cost and will continue to cost the industry billions of dollars in lost revenues. These are not untold billions. Our analysis shows that half of these lost revenues from 2010-2030 — $17 […]

November 3, 2014 Read More →

Tar Sands Report: $31 Billion Lost Revenue to Date; Expansion Unlikely to Proceed as Protests Mount

IEEFA IS OUT THIS MORNING WITH A REPORT ON THE GROWING “Constellation of Risks” facing the oil-production development of tar sands. The full report is posted just below this item. Here’s the text of the press release: Report: Tar Sands Producers Face a Growing ‘Constellation of Risks’ as Public Opposition Hits Industry’s Bottom Line

$31 Billion […]

October 29, 2014 Read More →