Biggest Oil and Gas Companies in Canada
With an average daily production of 3.5 million barrels of crude oil and 13.7 billion cubic feet of natural gas, Canada is the world’s fifth-largest oil and natural gas producer.
In Canada, as in other countries, the oil and gas industry is split up into three major segments:
- Upstream
- Midstream
- Downstream
Exploration and production of crude oil and natural gas are carried out by upstream firms. Such firms look for oil beneath the ground and drill wells to access oil and gas reserves.
Midstream firms handle oil and gas storage and transportation, whereas downstream firms distill and sell finished petroleum products.
This article will look at the biggest oil and gas companies in Canada, their revenue, net income, market cap, and one-year trailing total return.
10 Biggest Oil and Gas Companies in Canada in 2022
Below we’ll list the top Canadian oil and gas companies in 2022. For all the companies in the oil and gas industry that we’ll list below, we’ll also tell you their revenue, net income, market Cap, 1-year trailing total return along with the most jobs offered by each company.
- Enbridge Inc.
- Suncor Energy Inc.
- Imperial Oil Ltd.
- Canadian Natural Resources Ltd.
- Cenovus Energy Inc.
- Husky Energy Inc.
- Parkland Fuel Corp.
- TC Energy Corp.
- Gibson Energy Inc.
- Pembina Pipeline Corp.
1. Enbridge Inc.
Revenue: CA$50.1 billion
Net Income: CA$5.7 billion
Market Cap: CA$78.7 billion
1-Year Trailing Total Return: -16.0%
Most Jobs Offered By Enbridge Inc In Oil And Gas Sector
Electrical Engineer Specialist
Supervisor, Record
Senior Mechanical Engineer – Facilities
Sr Engineer
Manager TIS End User Services
Meter Facility Senior Engineer
Pipeline Technician
2. Suncor Energy Inc.
Revenue: CA$38.3 billion
Net Income: CA$2.9 billion
Market Cap: CA$25.1 billion
1-Year Trailing Total Return: -60.5%
Most Jobs Offered By Suncor Energy Inc In Oil And Gas Sector
Pipefitter and Welder
Process Engineer
Pump Mechanic
Manager, Crude and Products Scheduling
Laboratory Supervisor
Turnaround Execution
Supervisor Operations
3. Imperial Oil Ltd.
Revenue: CA$34.0 billion
Net Income: CA$2.2 billion
Market Cap: CA$9.8 billion
1-Year Trailing Total Return: -62.0%
Most Jobs Offered By Imperial Oil Ltd. In Oil And Gas Sector
Commercial Coordinator
Field Connectivity Analyst
Central Plant Operator
Energy Technical Lead
XTO Medium Voltage Technician
Independent Operator
XTO Completion/Well Work Foreman
4. Canadian Natural Resources Ltd.
Revenue: CA$24.4 billion
Net Income: CA$5.4 billion
Market Cap: CA$15.7 billion
1-Year Trailing Total Return: -60.8%
Most Jobs Offered By Canadian Natural Resources Ltd. In Oil And Gas Sector
Field Technologist
Engineering and Technical Services Program Manager
Engineering Technologist
Remote Sensing Analyst
Materials Characterization Specialist
Materials Processing Scientist
Geoscience Field, Laboratory, and Office Assistants
5. Cenovus Energy Inc.
Revenue: CA$21.4 billion
Net Income: CA$2.2 billion
Market Cap: CA$2.9 billion
1-Year Trailing Total Return: -79.0%
Most Jobs Offered By Cenovus Energy Inc. In Oil And Gas Sector
QA Control Engineer
Scheduling Analyst
Senior Financial Analyst
Stationary Mechanical Lead
Business Analyst
Data Technician
Communications Advisor
6. Husky Energy Inc.
Revenue: CA$20.3 billion
Net Income: -CA$1.4 billion
Market Cap: CA$3.2 billion
1-Year Trailing Total Return: -73.8%
Most Jobs Offered By Husky Energy Inc. In Oil And Gas Sector
Procurement Advisor
Laboratory Technician
Financial Analyst
Assistant, Payroll
Refinery Shift Superintendent
Scheduling Analyst
Process Controls Engineer Sr
7. Parkland Fuel Corp.
Revenue: CA$18.5 billion
Net Income: CA$402.0 million
Market Cap: CA$3.6 billion
1-Year Trailing Total Return: -37.7%
Most Jobs Offered By Parkland Fuel Corp. In Oil And Gas Sector
Yard Services Attendant
Account Manager I
Service Helper
Sales Associate
Supply Optimization Mgr
Senior Financial Analyst
Warehouse Technician
8. TC Energy Corp.
Revenue: CA$13.3 billion
Net Income: CA$4.1 billion
Market Cap: CA$54.7 billion
1-Year Trailing Total Return: 0.4%
Most Jobs Offered By TC Energy Corp. In Oil And Gas Sector
Pipeliner
Measurement & Regulation Specialist
Senior Natural Gas Scheduler
Pipeline Technician
Maintenance Lead
Compression Engineer
Mechanical Technician
9. Gibson Energy Inc.
Revenue: CA$7.3 billion
Net Income: CA$182.9 million
Market Cap: CA$2.3 billion
1-Year Trailing Total Return: -29.8%
Most Jobs Offered By Gibson Energy Inc. In Oil And Gas Sector
Commercial Analyst
CDL Driver
Cleaning Tech
Project Manager, Facilities
Power Transmission Analyst
Senior Natural Gas Derivatives Trader
Director Short Term Marketing
10. Pembina Pipeline Corp.
Revenue: CA$7.2 billion
Net Income: CA$1.5 billion
Market Cap: CA$13.2 billion
1-Year Trailing Total Return: -48.2%
Most Jobs Offered By Pembina Pipeline Corp. In Oil And Gas Sector
Operator
Operations Technician
Senior Account Manager
Technical Services Analyst II
Subsurface Technician
Oil and Gas Revenue Auditor
Delivery Operations Executive
List of Top Oil and Gas Companies in Alberta
Here is a list of the 5 top oil and gas companies in Alberta:
1. Canadian Natural Resources Limited
Revenue: CA$30.867 billion
Net Income: CA$8.956 billion
Number of employees: 9,709
2. Shell Canada Limited
Revenue: CA$338.025 billion
Net Income: CA$36.169 billion
Number of employees: 3,100
3. Cenovus Energy Inc.
Revenue: CA$48.948 billion
Net Income: CA$3.266 billion
Number of employees: 2,300
4. Ovintiv Canada ULC
Revenue: CA$10.831 billion
Net Income: CA$2.428 billion
Number of employees: 1,713
5. ConocoPhillips Canada Resources Corp
Revenue: CA$68.859 billion
Net Income: CA$15.910 billion
Number of employees: 2,750
List of top Oil and Gas Companies in Calgary
The following are the top 5 oil and gas companies in Calgary:
1. Syncrude Canada Ltd
Revenue: CA$5.2 billion
Net Income: CA$3.996 billion
Number of employees: 3,588
2. Tourmaline Oil Corp
Revenue: CA$2.31 billion
Net Income: CA$822.94 million
Number of employees: 322
3. PetroKazakhstan Inc
Revenue: CA$1.4 billion
Net Income: CA$317.5 million
Number of employees: 4,407
4. MEG Energy Corp
Revenue: CA$1.57 billion
Net Income: CA$225 million
Number of employees: 939
5. Inter Pipeline Ltd
Revenue: CA$1.80 billion
Net Income: CA$63.9 million
Number of employees: 1,973
List of top Oil and Gas Companies in Edmonton
The following are the top 5 oil and gas companies in Edmonton:
1. Thiess KMC Joint Venture
Revenue: CA$3.11 million
Net Income: CA$2.43 million
Number of employees: 56
2. Pitbull Energy Services
Revenue: CA$15.1 million
Net Income: CA$4.8 million
Number of employees: 79
3. Trans Mountain Corporation
Revenue: CA$728 million
Net Income: CA$273.3 million
Number of employees: 101
4. Plainsman Mfg. Inc.
Revenue: CA$25.4 million
Net Income: CA$13.82 million
Number of employees: 110
5. Deep Well Oil & Gas Inc
Revenue: CA$3.20 million
Net Income: CA$1.26 million
Number of employees: 21
List of top Oil and Gas Companies in Saskatchewan
Here is a list of the top 5 oil and gas companies in Saskatchewan:
1. Marsollier Petroleum
Revenue: CA$12 million
Net Income: CA$5.2 million
Number of employees: 52
2. Canadian Plains Energy Services
Revenue: CA$7.7 million
Net Income: CA$2.41 million
Number of employees: 24
3. Aldon Oils Ltd
Revenue: CA$4.1 million
Net Income: CA$2.5 million
Number of employees: 23
4. Millsap Fuel Distributors
Revenue: CA$7.8 million
Net Income: CA$4.45 million
Number of employees: 30
5. Rack Petroleum
Revenue: CA$36.3 million
Net Income: CA$11.89 million
Number of employees: 13
Largest Oil Producer In Canada
Alberta is Canada’s top oil producer, accounting for 80% of the country’s total oil production in 2020. The oil-based products produced in Alberta include:
- Light crude oil
- Heavy crude oil
- Crude bitumen
- Natural-gas condensate
- Synthetic crude oil
In 2021, Alberta produced a record 3.61 million barrels per day, including conventional oil. These results are up over 10 percent from the previous year and 87,000 barrels per day, more than the 2019 record of 3.52 million barrels per day.
The vast oil sand reserves in the northern part provided the majority of the country’s oil production, which has been steadily increasing in recent years. These resources provide Canada with the world’s third-largest oil reserves, after only Venezuela’s similar but more significant reserves and Saudi Arabia’s traditional oil reserves.
Although Alberta has already produced nearly 90 percent of its conventional crude oil reserves, it has produced only 5 percent of its oil sands. Its remaining oil sand reserves constitute 98 percent of Canada’s established oil reserves.
The oil sands currently account for 86 percent of Alberta’s total oil production, including upgraded synthetic crude and clean, marketable bitumen.
Largest Natural Gas Producer in Canada
Alberta is presently the province with the highest natural gas production in Canada. The province of Alberta produced 67.1 percent of total natural gas in Canada in 2016.
Alberta’s gas fields produced more than 121 billion cubic meters of natural gas in 2020. This was nearly twice as much as the amount extracted in the second-placed province of British Columbia.
A total of 10,000 direct or indirect oil and natural gas production jobs in Canada are supported by Alberta. From exploration and drilling to transportation and marketing, these jobs contribute to the provincial economy and provide Albertans with good, well-paying careers in oil and gas sector. If you are willing to pursue a career in the oil and gas sector in Alberta, then checkout our oil and gas jobs in Alberta.
Frequently Asked Questions:
1- How many oil and gas companies are there in Canada?
Over 1,000 exploration and production oil and gas companies operating in Canada, ranging from small “juniors” or “start-ups” concentrating on small areas or typical activities to major multinationals with various operations like Suncor Energy Inc. and Cenovus Energy Inc.
In December 2018, a total of 1,334 active companies in Western Canada reported oil or gas production, including privately held and foreign-owned businesses and publicly traded companies.
2- Is Suncor the largest oil company in Canada?
No, Enbridge is the biggest oil and gas company in Canada. It had made 33.7 billion dollars in revenue in the previous fiscal year of 2021. Enbridge, situated in Calgary, Alberta, is the country’s largest midstream firm.
On the other hand, Suncor is Canada’s largest integrated energy corporation, the country’s fifth-largest North American energy company, and one of the largest independent energy companies in the world.
3- Who owns Canada's oil industry?
The recent sale of oil sands properties by multinational corporations like Shell, ConocoPhillips, Devon, and Equinor follows a pattern that has in the past strengthened Canada’s oil sector.
The Alberta Energy Regulator (AER) recently released statistics showing that nearly 85% of oil sands output was controlled by corporations with Canadian headquarters in September 2021, rising from 59% in September 2014.
Conclusion
The petroleum sector is engaged in 12 of Canada’s 13 provinces and territories, boosting the economy in one way or another inside their borders. These firms buy and sell commodities and services across the country, making oil and gas production and exploration really a national industry.
We hope this article helped you review the biggest oil and gas companies in Canada, which are in charge of the bulk of petroleum production, refining, and marketing.
The oil and gas sector in Alberta, Canada is a key driver of the provincial economy. The sector employs thousands of people across the province, in a variety of roles. From engineers and geologists to truck drivers and rig workers, the oil and gas sector offers a wide range of career opportunities. If you’re interested in working in the oil and gas sector, Alberta is the place to be.
The Primus Workforce team is proudly built on hands-on industry knowledge and experience.