Irving Oil

Irving Oil

Refines and sells petroleum products

Overview

Irving Oil is an energy company that sells and distributes oil and related products. Based on the limited description provided, its product workflow involves refining, distributing, and retailing petroleum and energy products to consumers and businesses. The information available does not specify clear competitive differentiators, so the company’s unique advantages over competitors are not detailed here. The stated goal of Irving Oil appears to involve achieving certain goals and targets discussed in its communications, but the specifics of those goals are not provided in the supplied text.

About Irving Oil

Simplify's Rating
Why Irving Oil is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Automotive & Transportation

Energy

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Saint John, Canada

Founded

1924

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Simplify's Take

What believers are saying

  • Irving invested $100 million in Saint John’s FCCU upgrade during 2025.
  • The 2026 turnaround continues heavy maintenance, signaling management keeps funding reliability.
  • April 2026 Newfoundland crude shipments diversified feedstock after Middle East disruption.

What critics are saying

  • Saint John’s September-November 2026 turnaround removes core capacity and tightens customer supply.
  • New Brunswick charged Irving Oil in April 2026 over Woodstock diesel leak, risking $1 million.
  • Operational accidents and permit failures at refinery sites can trigger shutdowns, fines, and reputational damage.

What makes Irving Oil unique

  • Saint John refinery runs 320,000 barrels per day, Canada’s largest, serving Atlantic Canada and Northeast U.S.
  • Jeff Matthews became president and CEO in January 2025 after Irving’s strategic review.
  • Irving Oil signed decade-long GrowTEC RNG supply deals, supporting refinery decarbonization.

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Benefits

Hybrid Work Options

Paid Vacation

Wellness Program

401(k) Retirement Plan

401(k) Company Match

Flexible Benefits Plan

Company News

Irving Oil
Sep 4th, 2025
Irving Oil makes $40-million investment in Saint John refinery

Irving Oil makes $40-million investment in Saint John refinery.

Business Wire
Jun 2nd, 2025
Gayatri Narayan Joins Builders FirstSource as President, Technology and Digital Solutions

IRVING, Texas-(BUSINESS WIRE)-Builders FirstSource, Inc. (NYSE: BLDR) ("Builders FirstSource" or the "Company") today announced it has appointed Gayatri Narayan to the newly created role of President, Technology and Digital Solutions, reporting to CEO Peter Jackson.

The Safety Mag
Feb 28th, 2025
Massive diesel spill in Woodstock raises environmental concerns

Dillon Consulting was contracted by Irving Oil to lead remediation efforts.

Bell Media
Jan 14th, 2025
Irving Oil to remain privately held

The company also announced Tuesday that Jeff Matthews had been appointed president and CEO of Irving Oil.

BNN Bloomberg
May 13th, 2024
Arthur L. Irving, Billionaire Canadian Oilman, Dies at 93

With Repsol SA, Irving Oil developed a liquefied natural gas import facility in Saint John that started receiving shipments in 2009.

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