5 Most Popular Oil Companies In Canada

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Theree are popular oil companies in Canada. The United States is not the only country with well-known names in the oil sector. The oil industry is a big part of Canada’s economy.

In 2016, the country imported about $48 billion worth of crude oil and exported about $25 billion worth of crude oil. Just like every other country in the world, the oil and gas sector in Canada is split into 3 primary segments: upstream, midstream, and downstream.

Now, let me explain what each of the categories means and how they function in more detail.

Upstream: Upstream has traditionally been the exploration and production of oil and gas.

Upstream is the exploration and production of oil and gas. It includes activities such as finding oil, drilling for it, producing it, shipping it to market, refining it into usable products like gasoline or petrochemicals.

The upstream sector finds alternative sources of energy resources, exploring for them, extracting them from the ground or water, processing them so that they are ready for products like gasoline or petrochemicals.

Midstream: Midstream is the activities of an oil and gas company, including gathering, processing, storing, transporting, and marketing.

Downstream: The downstream sector in the oil and gas industry is a key player in the value chain. It comprises refining, natural gas processing, petrochemical manufacturing, and marketing.

This sector is an important part of the global energy system because it provides products that are necessary for transportation, heating, and cooling.

All these processes take a lot of work.

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So, let me take you through the most popular oil companies in Canada

1. Enbridge Inc. is one of the most popular oil companies in Canada right now

Total revenue: CA$50.1 billion
Net income: CA$5.7 billion
CA$78.7 billion is the market capitalization.
-16.0 percent in the one-year trailing total return
The Toronto Stock Exchange is where you may buy and sell stocks.

Enbridge Inc. is a Canadian multinational energy transportation and distribution company. This company is one of the most popular oil companies in Canada. In fact, they are not just popular, they are reputable too.

It is the largest North American transporter of crude oil and natural gas.

The company’s pipeline system spans Canada, the United States, and Canada’s eastern provinces.

The company also owns and operates Canada’s largest natural gas distribution company, Enbridge Gas Distribution Inc., which distributes natural gas to over 2 million residential, commercial, and industrial customers in Ontario, Quebec, New Brunswick and New York State.

Forbes magazine has ranked Enbridge as one of Canada’s top 100 employers for four years in a row (2015-2018). This year, they ranked #58 out of the top 100 employers in Canada.

2. Suncor Energy Inc.

Revenue: CA$38.3 billion
Net income: CA$2.9 billion
CA$25.1 billion is the market capitalization.
Return on investment over a one-year period: -60.5 percent
The Toronto Stock Exchange is where you may buy and sell stocks.

Suncor Energy is another one of the biggest oil companies in Canada. This oil company is a Canadian integrated energy company headquartered in Calgary, Alberta. It operates in three segments: upstream (oil sands development and upgrading), downstream (petroleum refining, product marketing) and midstream (offshore oil and gas production). They founded the company on November 17th, 1979.

3. Canadian Natural Resources ltd

Revenue: $24.4 billion Canadian dollars
Profit after tax: CA$5.4 billion
CA$15.7 billion is the market capitalization.
Return on investment over a one-year period: -60.8 percent
The Toronto Stock Exchange is where you may buy and sell stocks.

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CNRL’s operations are carried out through four segments: Oil Sands Mining, Oil Sands Extraction, Conventional and Other. The company produces crude oil and natural gas liquids from its operations in the Athabasca region of northeastern Alberta.

4. Imperial Oil

Revenues totaled CA$34.0 billion.
Profit after tax: CA$2.2 billion
CA$9.8 billion is the market capitalization.
Return on investment over a one-year period: -62.0 percent
The Toronto Stock Exchange is where you may buy and sell stocks.

Imperial Oil is a Canadian company that specializes in the exploration, production, refining and marketing of crude oil and natural gas.

Imperial Oil owns or has about 1.2 million acres of land in Canada. The company operates four refineries in Canada with a combined capacity of 562,000 barrels per day. It also operates two refineries with a combined capacity of 155,000 barrels per day in the United States.

The company’s products are sold to retailers and distributors who then sell them to consumers. Imperial Oil also sells its products directly to large industrial companies that use them for their own purposes or as a feedstock for their own chemical operations.

5. Cenovus Energy Inc.

Revenues totaled CA$21.4 billion.
Profit after tax: CA$2.2 billion
CA$2.9 billion is the market capitalization.
-79.0 percent in the preceding year’s total return
The Toronto Stock Exchange is where you may buy and sell stocks.

Cenovus Energy Inc. is a Canadian oil company based in Calgary, Alberta. It is the largest independent energy company in Canada. The company’s primary focus is on exploration and production of crude oil and natural gas liquids from the heavy oil sands deposits in northern Alberta, Canada.

Cenovus Energy Inc. was founded in 1979 as Canadian Natural Resources Limited by former senior executives from Phillips Petroleum Company, a U.S.-based oil and gas exploration and production company that ConocoPhillips had acquired in 2002. In 2011, it became a publicly traded company under its current name after spinning off its downstream assets to create Cenovus Energy Inc., which began trading on the Toronto Stock Exchange under the ticker symbol CVE with an initial public offering of $1 billion CAD.

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The oil industry is a big part of Canada’s economy. A lot of countries invest a lot in their oil and gas industry and it’s no surprise Canada is no exception. The country imported about $48 billion worth of crude oil and exported about $25 billion worth of crude oil so this industry is a big part of their economy. So if you are really interested in the oil and gas industry, then this list of most popular oil companies in Canada should help.