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Imperial Oil Pension
The Imperial Oil Pension Plan was established to deliver retirement benefits to employees of Imperial Oil Ltd. without employee contributions.
Overview
The Imperial Oil Pension Plan was established to deliver retirement benefits to employees of Imperial Oil Ltd. without employee contributions. Assets stood at $6.625 billion as of December 2015. The plan is governed through the parent company's finance committee. Asset allocation targets approximately 70 percent fixed income with the balance in equities outside Canada. Confirmed holdings include a $3.88 billion fixed income portfolio and a $1.736 billion non-Canadian equity portfolio. Geographic exposure centers on Canada and global markets. The plan maintains membership in the Pension Investment Association of Canada. Imperial Oil Ltd. holds its annual general meeting in Calgary, with the most recent documented session occurring in May 2023. Related entities include Imperial Oil Resources Limited and Devon Estates Limited. Governance flows through Imperial Oil Ltd. with oversight from ExxonMobil as majority shareholder. The Finance Committee, including N.A. Hansen, directs asset allocation decisions.
General information
Firm type
Pension Fund
Year founded
1880
Location
Region
North America
Country
Canada
City
Calgary
Principals
Bradley W. Corson
Chairman, President and CEO
N.A. Hansen
Finance Committee Member
Sector focus
Frequently asked questions
Who oversees investment decisions at Imperial Oil Pension?
The Finance Committee of Imperial Oil Ltd. directs asset allocation. N.A. Hansen serves as a committee member.
What is the relationship between Imperial Oil Pension and ExxonMobil?
ExxonMobil holds 69.6 percent of Imperial Oil Ltd., the plan sponsor. The pension plan remains a separate defined benefit vehicle for Imperial Oil employees.
Does Imperial Oil Pension invest in private markets or only public securities?
Public records show allocations to fixed income and non-Canadian equities. No private market commitments are disclosed in available data.
What is the current membership size of the Imperial Oil Pension Plan?
The plan reported 5,800 active members as of December 2015.
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