Imperial Oil

Calgary-based Imperial Oil announced plans to eliminate approximately 900 jobs, representing about 20 per cent of its workforce, in the coming years due to persistently low oil prices. The layoffs are part of broader cost-cutting measures across the Canadian oilpatch as companies attempt to stabilize their balance sheets amid a decline in crude oil prices from $70 US to less than $60 per barrel.

Imperial Oil announced it will eliminate 20% of its workforce (approximately 900 jobs) by the end of 2027, with most positions based in Calgary, as part of a global restructuring to increase efficiency and reduce annual expenses by $150 million. The remaining Calgary positions will be relocated to the Strathcona Refinery in Edmonton in late 2028, with the company maintaining a small presence in Calgary.