Did ILMN split?
Imperial Oil has not shut down as a corporation, but it has planned the closure of specific operational sites. Notably, the company announced its intent to end oil production at its century-old operation in Norman Wells, Northwest Territories, by the third quarter of 2026. This decision was driven by declining output from the aging facility. While the Norman Wells site is slated for decommissioning and reclamation, the company remains a major integrated energy entity in Canada, continuing its operations in other regions, including its significant involvement in the oil sands and various downstream refining and marketing activities.
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