Imperial Oil Joins Growing List of Companies Shedding Jobs

October 1, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Canadian energy company Imperial Oil (Calgary) announced it would shed about 20% of its workforce by 2027 as part of a broad-based restructuring process. U.S.-based ExxonMobil (Spring, Texas) has a majority stake in Imperial Oil, which said restructuring was consistent with its efforts to maximize value and leverage the relationship with the Houston company.