1、Contents3Letter to shareholders4Year in review6Natural resources10Petroleum products13Chemicals14Principled people and practices16Caring for communities19Financial section20Managements discussion and analysis32Frequently used financial terms36Managements and auditors reports38Financial statements,ac
2、counting policiesand notes63Natural resources segment supplemental information66Share ownership,trading andperformance67Quarterly financial andstock-trading data68Information for investors69Directors,senior managementand officersThis report contains forward-looking information on future production,p
3、roject start-ups and future capital spending.Actual results could differ materially as a result of marketconditions or changes in law,government policy,operating conditions,costs,project schedules,operating performance,demand for oil and natural gas,commercial negotiations orother technical and econ
4、omic factors.Corporate ProfileImperial Oil is one of Canadas largest corporations anda leading member of the countrys petroleum industry.It is one of Canadas largest producers of crude oil andnatural gas and is also the countrys largest refiner andmarketer of petroleum products,sold primarily under
5、theEsso and Mobil brand names through a coast-to-coastsupply network that includes close to 2,000 retail outlets.Energy LeadershipYesterday,Today and TomorrowAnnual report 2005On site at Cold Lake,Imperials wholly owned and operated in-situ oil sandsoperation.In addition to achieving record producti
6、on levels in 2005,Cold Lakeoperations were recently named an EnviroVista Leader by the Albertagovernment,in recognition of environmental leadership and stewardship.FSC certification description to be added by printer.This report has been printed and bound to facilitate recycling.Imperial Oil Limited