Shale oil extraction Energy estimates that the "ex-situ" processing would be economic at sustained average world oil prices above $54 per barrel and "in-situ" processing would be economic at prices above $35 per barrel. These estimates assume a return rate of 15%. Royal Dutch Shell announced in 2006 that its Shell ICP technology would realize a profit when crude oil prices are higher than $30 per barrel ($190/m), while some technologies at full-scale production assert profitability at oil prices even lower than $20 per barrel ($130/m). To increase the efficiency of oil shale retorting and by this the viability of the shale oil
Imperial Oil Oil. His predecessor, Bruce March, left to become senior vice president of global operations for ExxonMobil Chemical Co. Besides Richard Kruger, other members of the board of directors of Imperial Oil are Krystyna Hoeg, Jack Mintz, David Sutherland, Darren Woods, Sheelagh Whittaker and Victor Young. Imperial Oil has 1700 service stations with majority owned third parties and sold 497 stations in 2016. In the late early 1990s Imperial Oil acquired retail operations from Texaco's Canadian unit Texaco Canada Incorporated. With ExxonMobil having majority ownership, Imperial Oil uses its parent company's brands, including the Esso and Mobil names for service stations,