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10 Canadian oil & gas companies according to their financial performances

Here's the list of best Oil and Gas companies operating in Canada and in the United States of America (USA), according to their financial performances
Oil and Gas Companies in Canada

Cenovus Energy Inc. (CVE)

Cenovus Energy Inc., established in 2009 and headquartered in Calgary, Canada, is a major player in the North American energy sector. It operates as an integrated oil and gas company, meaning it's involved in various aspects of the industry, from exploration and production to refining and marketing. Their operations span across Canada, the United States, and even the Asia Pacific region.

Looking at their financial performance, Cenovus boasts a strong track record. Over the past twelve months (TTM), they've reported impressive revenue of CA$71.37 billion and a net income of CA$5.26 billion. This financial strength is reflected in their market capitalization, which currently sits at CA$47.95 billion. Additionally, their stock price has seen significant growth over the past year, with a 1-Year Trailing Total Return of 75.82%. These figures solidify Cenovus' position as a leading integrated oil and gas company in Canada.

Suncor Energy Inc. (SU)

Suncor Energy Inc., a household name in Canada, boasts a long history dating back to 1917. Headquartered in Calgary, Alberta, Suncor is an integrated energy company with a primary focus on developing petroleum resources in the vast Athabasca oil sands of Canada.

Suncor's operations encompass the entire oil production lifecycle, from exploration and acquisition of resources to development, production, refining, transportation, and finally, marketing the final product - crude oil. This integrated approach allows them to control various aspects of the supply chain, potentially leading to greater efficiency and profitability.

Financially, Suncor presents a compelling picture. Over the past year (TTM), they've generated CA$57.72 billion in revenue and a healthy net income of CA$7.89 billion. Their market capitalization currently stands at CA$56.29 billion, reflecting investor confidence in the company. Suncor's stock price has also grown steadily, with a 1-Year Trailing Total Return of 44.06%.

Imperial Oil Ltd. (IMO)

Imperial Oil Ltd., a cornerstone of the Canadian energy sector since its incorporation in 1880, boasts a rich history. Headquartered in Calgary, Alberta, Imperial Oil operates as an integrated oil and gas company. This means they're involved in every step of the process, from exploration and production of crude oil and natural gas to refining, transportation, and finally, the sale of these products. Their extensive distribution network ensures efficient delivery of petroleum products to market via tankers, trucks, railways, and pipelines.

Beyond fossil fuels, Imperial Oil also has a presence in the petrochemicals industry, manufacturing and marketing various petrochemical products. It's important to note that Imperial Oil operates as a subsidiary of ExxonMobil, a testament to its global reach and established position within the energy sector.

Looking at their recent performance, Imperial Oil demonstrates financial strength. Over the last twelve months (TTM), they've reported revenue of CA$55.17 billion and a net income of CA$6.42 billion. Their market capitalization currently sits at CA$38.67 billion, indicating investor confidence. Additionally, their stock price has shown significant growth over the past year, with a 1-Year Trailing Total Return of 53.48%.

Enbridge Inc. (ENB)

Enbridge Inc., established in 1949 and headquartered in Calgary, Canada, plays a vital role in the North American energy landscape. They function as an energy infrastructure company, acting as the arteries that keep the continent's energy flowing. Their vast network consists of pipelines for crude oil, natural gas liquids, and natural gas itself. This infrastructure stretches across North America, ensuring efficient transportation and distribution of these essential resources.

Enbridge doesn't limit itself to traditional pipelines. They also operate regulated natural gas distribution utilities, bringing natural gas directly to consumers and businesses. Recognizing the growing importance of renewable energy, Enbridge has strategically invested in renewable energy assets and transmission facilities. This demonstrates their commitment to adapting and contributing to a sustainable energy future.

Financially, Enbridge presents a strong profile. Over the past year (TTM), they've reported CA$52.41 billion in revenue and a net income of CA$5.92 billion. Their market capitalization is currently the highest among the companies we've discussed at CA$106.16 billion, indicating significant investor confidence. While their stock price growth hasn't been as explosive as some competitors, with a 1-Year Trailing Total Return of 16.87%, Enbridge's stability and focus on long-term infrastructure development solidify their position as a key player in North American energy transportation.

Canadian Natural Resources Ltd. (CNQ)

Canadian Natural Resources Ltd. (CNQ), established in 1973 and headquartered in Calgary, Alberta, is a major force in Canada's oil and gas industry. Their core business lies in exploration and production, focusing on various types of crude oil. CNQ produces synthetic crude oil, light and medium crude oil, bitumen, primary heavy crude oil, and even Pelican Lake heavy crude oil. This diversified approach allows them to cater to different market needs within the crude oil sector.

Beyond production, CNQ is actively involved in marketing and selling its crude oil, natural gas, and natural gas liquids. This integrated approach gives them greater control over the entire value chain, potentially leading to increased efficiency and profitability.

Financially, CNQ presents a compelling picture. Over the past year, they've raked in CA$48.71 billion in revenue, with an impressive net income of CA$11.95 billion. Their market capitalization currently sits at CA$81.19 billion, showcasing investor confidence in the company. CNQ's stock price has also grown significantly over the past year, with a 1-Year Trailing Total Return of 56.19%. These figures solidify CNQ's position as a prominent player in the Canadian oil and gas sector, particularly within the heavy crude oil production domain.

Parkland Corporation (PKIUF)

Parkland Corporation, previously known as Parkland Fuel Corp., has been a key player in the Canadian energy landscape since its inception in 1977. Headquartered in Calgary, Alberta, Parkland functions as an energy supplier, focusing on the marketing and distribution of various petroleum products. Their offerings encompass a wide range, including gasoline, diesel, propane, lubricants, and heating oil.

Parkland operates through a two-pronged approach. They manage a network of retail gas stations, providing convenient access to fuel for everyday consumers. Additionally, they cater to a broader commercial, industrial, and residential customer base, ensuring a steady supply of essential energy products. Parkland's Supply segment takes things a step further by engaging in the manufacturing of transportation fuels. This vertical integration allows them to not only distribute but also produce some of the fuels they sell. Furthermore, their reach extends to storage, transportation, and sales of fuels, crude oil, and even liquid petroleum gases. They even cater to the aviation industry through the manufacturing and sales of aviation fuel.

Financially, Parkland presents a contrasting picture compared to the previous companies. Over the past year, they've reported CA$29.54 billion in revenue, but their net income sits at CA$333 million. Their market capitalization currently stands at CA$44.45 billion, indicating investor confidence. However, their stock price has seen a decline over the past year, with a 1-Year Trailing Total Return of -12.40%. Despite this, Parkland remains a significant player in the Canadian energy sector, particularly within the realm of fuel distribution and convenience retail.

TC Energy Corp. (TRP)

Established in 1951 and headquartered in Calgary, Canada, TC Energy Corp. (TRP) is a vital cog in the North American energy infrastructure. They specialize in building and operating a vast network of natural gas pipelines. These pipelines act as the arteries that transport natural gas from its source in supply basins to various end users. This critical infrastructure delivers natural gas to local distribution companies, power generation plants, industrial facilities, and countless other customers across the continent.

TC Energy's reach extends beyond pipelines. They also own and operate regulated natural gas storage facilities. These facilities play a crucial role in managing the supply and demand of natural gas, ensuring a consistent flow of this essential resource throughout the year. In addition, TC Energy has expanded its portfolio to include power generation facilities, potentially contributing to a more diversified energy mix in the future. The company's 2020 acquisition of energy services and equipment company Pioneer Pipeline for US$255 million demonstrates their commitment to growth and continued industry influence.

Financially, TC Energy presents a stable profile. Over the past year, they've reported CA$14.52 billion in revenue and a net income of CA$3.32 billion. Their market capitalization currently sits at CA$54.05 billion, indicating investor confidence in the company's long-term prospects. While their stock price hasn't seen significant growth recently, with a 1-Year Trailing Total Return of -2.94%, TC Energy remains a dominant player in North American energy infrastructure, ensuring the efficient transportation and storage of natural gas.

Pembina Pipeline Corp. (PBA)

Pembina Pipeline Corporation (PBA), established in 1954 and headquartered in Calgary, Canada, plays a central role in the movement and processing of energy resources within the country. They specialize in midstream services, acting as the bridge between the production and processing of oil and gas, and their eventual delivery to consumers.

Pembina's infrastructure network is extensive. They operate both conventional pipelines and pipelines specifically designed for oil sands, a vital resource in Canada. Their services go beyond just transportation. Pembina also offers storage solutions for oil, ensuring its safekeeping until it's needed. Furthermore, they are adept at gathering and processing natural gas, a crucial step in preparing it for various applications. The company boasts a comprehensive infrastructure for natural gas, condensate (liquefied natural gas), and natural gas liquids (NGLs). This demonstrates their commitment to handling various forms of hydrocarbons efficiently. Pembina's reach extends to cavern storage, providing additional options for safe and secure storage of energy resources. Finally, they manage related pipeline and rail terminal facilities, ensuring seamless transportation of these resources throughout the supply chain.

Financially, Pembina presents a picture of steady growth. Over the past year, they've reported CA$11.47 billion in revenue and a net income of CA$2.81 billion. Their market capitalization currently sits at CA$24.85 billion, indicating investor confidence in their operations. Their stock price has also shown positive movement in the past year, with a 1-Year Trailing Total Return of 25.87%. Pembina's focus on midstream services and their well-developed infrastructure solidify their position as a key player in the Canadian energy sector.

Gibson Energy Inc. (GEI)

Gibson Energy Inc. (GEI), established in 1950 and headquartered in Calgary, Canada, has carved a niche for itself as a comprehensive service provider within the oil and gas sector. They function as a one-stop shop, offering a wide range of services to companies throughout the industry.

Gibson's reach encompasses various aspects of oil and gas handling. They provide transportation services through their network of pipelines, ensuring efficient movement of resources. Storage is another key area of expertise, with Gibson owning and operating a network of terminals and storage tanks to safely house crude oil, condensate, natural gas liquids, water, and even oilfield waste. Their services extend beyond simple storage. Gibson offers blending and processing capabilities, potentially adding value to the resources they handle. They even participate in the marketing and distribution of these products, showcasing their involvement across the entire oil and gas value chain.

Financially, Gibson presents a profile of stability. Over the past year, they've reported CA$10.66 billion in revenue and a net income of CA$203.27 million. Their market capitalization currently sits at CA$3.37 billion, which is lower compared to some of the previous companies on this list. However, this doesn't diminish their significance. Gibson's stock price has also shown positive movement in the past year, with a 1-Year Trailing Total Return of 11.71%. Their focus on providing a diverse range of services and their well-established infrastructure solidify Gibson Energy as a valuable partner within the Canadian oil and gas industry.

ARC Resources Ltd. (ARX)

A relative newcomer compared to the other giants on this list, ARC Resources Ltd. (ARX) has been steadily making its mark on the Canadian energy scene since its founding in 1996. Headquartered in Calgary, Alberta, with operations spanning Alberta and northeast British Columbia, ARC focuses on exploration, development, and transportation of oil and gas resources.

What sets ARC apart is its commitment to responsible resource development. They produce crude oil, natural gas, and natural gas liquids, all targeted to meet the needs of residential, commercial, and industrial energy consumers. Notably, ARC prides itself on delivering low-cost, low-emission energy solutions. This focus on sustainability resonates with a growing trend in the energy sector, where environmental responsibility is increasingly valued.

Financially, ARC presents a compelling picture. Over the past year, they've reported CA$9.32 billion in revenue and a healthy net income of CA$2.24 billion. Their market capitalization currently sits at CA$11.32 billion, indicating strong investor confidence in their growth potential. Moreover, ARC's stock price has seen significant growth over the past year, with an impressive 1-Year Trailing Total Return of 67.65%. These figures solidify ARC Resources' position as a rising star in Alberta's energy sector, one that prioritizes both economic and environmental well-being.

About the Author

I'm a founder, financial advisor and journalist, blending financial expertise with storytelling skills to simplify complex financial topics for readers and clients alike. email

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