appendices

Appendix 1

Imperial Oil Company Financial Statements, 1892–98 ($000 CAD)

Year	Assets	Surplus	Net Profit	Dividends
1892	931	297	52	32
1893	1,016	232	66	30
1894	1,094	351	69	25
1895	1,028	375	60	25
1896	1,087	447	104	36
1897	1,118	465	62	35
1898	1,055	456	n/a	30

Source: Ewing, History of Imperial Oil, Chapter 3, Appendix II.

Appendix 2a

Imperial Oil Production, Sales, and Net Earnings, 1912–20
($000 CAD)

Year	Refining *	Sales/Mfg $	Net income
1912	3,100	107,068	2,431
1913	3,400	119,011	3,362
1914	5,000	108,155	2,414
1915	7,000	133,620	4,784
1916	8,400	138,379	4,666
1917	13,700	227,258	5,124
1918	18,300	308,071	6,143
1919	21,200	277,877	7,174
1920	20,800	314,110	11,095

* bbl./day.

Sources: Ewing, History of Imperial Oil, Chapter 4, Tables 6–7; Gibb & Knowlton, History of Standard Oil (NJ): The Resurgent Years, 677–8.

Appendix 2b

Imperial Oil Ltd., Income Received, and Dividends Paid, 1921–47 ($000 CAD)

Year	Mfg./Sales	Div. Rec’d.*	Net Income**
1921	1,350	1,008	315
1922	7,710	2,227	9,560
1923	2,528	1,251	5,596
1924	7,927	3,246	13,089
1925	7,927	2,155	11,221
1926	14,102	3,266	17,540
1927	5,648	3,266	13,615
1928	16,775	3,098	22,963
1930	7,215	8,850	19,020
1931	8,915	8,973	18,227
1932	4,331	9,371	14,713
1933	3,927	10,279	14,101
1934	3,023	22,165	25,772
1935	2,900	23,162	25,229
1936	3,082	23,104	25,628
1937	3,572	24,406	26,452
1938	3,573	24,482	25,960
1939	5,368	17,048	19,250
1940	7,113	14,032	17,039
1941	5,496	10,635	16,144
1942	7,936	9,673	14,063
1943	8,397	9,628	15,549
1944	9,141	9,473	16,193
1945	11,902	9,415	16,617
1946	14,902	5,713	17,326
1947	15,556	5,756	20,464

* Dividends received from subsidiaries: 90% from IPC 1923–40; 80% 1940–47.

** Net income after taxes.

*** Standard Oil (NJ) held 78–80% of IOL shares.

Sources: Ewing, History of Imperial Oil, Chapter 15, Tables 1–2; IOL Annual Reports 1932–46.

Appendix 2c

Imperial Oil Sales, Production, Earnings, and Dividends, 1947–80

Year	Sales 000 bbl./day	Production 000 bbl./day	Earnings $M[CAD]	Dividends $M [CAD]	%Dividends/ earnings
1947	130	6	20	14	66
1948	142	12	23	14	60
1949	154	25	25	14	54
1950	174	36	30	15	49
1951	196	63	36	17	49
1952	209	65	41	22	54
1953	212	78	48	24	50
1954	218	84	50	27	54
1955	250	93	62	29	46
1956	275	103	69	36	52
1957	276	95	75	37	52
1958	275	75	51	38	75
1959	293	82	55	38	69
1960	298	90	61	43	69
1961	295	111	68	44	65
1962	317	124	68	44	65
1963	327	126	71	49	69
1964	342	131	79	55	70
1965	348	133	86	58	68
1966	356	146	92	63	69
1967	370	141	96	67	70
1968	383	150	100	67	67
1969	381	154	94	68	72
1970	400	170	105	68	65
1971	406	183	136	77	56
1972	417	224	151	77	51
1973	449	275	227	104	46
1974	443	224	290	104	47
1975	418	173	250	104	42
1976	441	154	264	106	40
1977	433	148	293	116	40
1978	449	147	314	124	39
1979	468	256	471	150	32
1980	449	226	601	201	33

Sources:

IOL and Consolidated Subsidiaries Financial Review 1959. IOL Archives, Series 4, Box 292A. Acc. 80-0021; IOL Annual Reports, 1959–81.

Appendix 3a

Canadian Oil Companies, Comparison, 1947 ($000 CAD)

	Imperial	British American *	McColl Frontenac **
Assets	241,506	71,529	44,692
Earnings	20,464	8,141	2,780
Production bbl. (000)	47,485	15,857	10,057

* British American became Gulf Canada in 1967.

** McColl Frontenac became Texaco Canada in 1941.

Source: Imperial Oil Records, Series 4, Box 292A Acc. 80-0021.

Appendix 3b

Canadian Oil Companies, Comparison, 1994 ($ M. CAD)

	Imperial	Shell Canada	Petro Canada	Amoco Canada	Nova
Assets	11,928	6,113	5,912	6,076	8,257
Sales	9,019	5.034	4,730	4,270	3,724
Net Income	359	320	262	-70	575
Employees	9,470	4,391	6,209	2,800	6,600

Source: Rinaldo Stefan, Report on Imperial Oil (1996). Appendix 1. Imperial Oil Records, IOL-pub 6-157.

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