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Business & Economics Energy Industries

Imperial Standard

Imperial Oil, Exxon, and the Canadian Oil Industry from 1880

by (author) Graham D. Taylor

Publisher
University of Calgary Press
Initial publish date
Apr 2019
Category
Energy Industries, Corporate & Business History, Natural Resources, Post-Confederation (1867-)
  • Paperback / softback

    ISBN
    9781773850351
    Publish Date
    Apr 2019
    List Price
    $39.99
  • Hardback

    ISBN
    9781773854328
    Publish Date
    Apr 2019
    List Price
    $84.99

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Description

For over 130 years, Imperial Oil dominated Canada’s oil industry. Their 1947 discovery of crude oil in Leduc, Alberta transformed the industry and the country. But from 1899 onwards, two-thirds of the company was owned by an American giant, making Imperial Oil one of the largest foreign-controlled multinationals in Canada.

Imperial Standard is the first full-scale history of Imperial Oil. It illuminates Imperial’s longstanding connections to Standard Oil of New Jersey, also known as Exxon Mobil. Although this relationship was often beneficial to Imperial, allowing them access to technology and capital, it also came at a cost, causing Imperial to be assailed as the embodiment of foreign control of Canada’s natural resources.

Graham D. Taylor draws on an extensive collection of primary sources to explore the complex relationship between the two companies. This groundbreaking history provides unprecedented insight into one of Canada’s most influential oil companies as it has grown and evolved with the industry itself.

About the author

Graham D. Taylor is professor emeritus in the Department of History at Trent University. He is the author of Du Pont and the International Chemical Industry, and The Rise of Canadian Business. He is winner of the 2015 Petroleum History Society Best Article Prize

Graham D. Taylor's profile page

Awards

  • Short-listed, Alberta Publishing Award for Best Scholarly & Academic Book
  • Winner, Petrolium History Society Book of the Year
  • Short-listed, Alberta Publishing Award for Best Scholarly & Academic Book
  • Winner, Petroleum History Society Book of the Year

Editorial Reviews

Stated simply, Imperial Standard is an outstanding and accessible account of the Canadian oil industry’s most important companies by one of Canada’s foremost business historians.

—Paul Chastko, Canadian Journal of History

This is not a simple case study that narrowly analyzes how yet another Canadian firm was swallowed by a U.S. colossus. Imperial Standard reveals a legacy of complicated dynamics-between subsidiary and parent, between corporation and state-and helps us understand the inception of fossil-¬fuelled industrial capitalism in this country.
- Dimitry Anastakis, Literary Review of Canada

Graham D. Taylor draws on the rich archives of Imperial Oil and Exxon-Mobil to provide a detailed comprehensive of the relationship between the Canadian oil company and its main shareholder and investor, Jersey Standard/Exxon.

—Andrew Watson, Canadian Business History

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