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Crude oil trading companies in Canada



The majority of Canadian oil is produced by less than 20 percent of all companies.



26.Oct.16 7:12 AM
By Alesya Davydova
Photo Toinnov.com

   407

Crude oil trading companies in Canada

There are about a hundred companies in Canada that produce, refine and trade crude oil but the biggest market share belongs to only some 20 percent of it. The five most significant and productive companies in Canada are Suncor Energy, Inc. (NYSE: SU), Enbridge, Inc. (NYSE: ENB), Imperial Oil, Ltd. (AMEX: IMO), Canadian Natural Resources, Ltd. (NYSE: CNQ) and TransCanada Corp. (NYSE:TRP).

Suncor is the largest company with market capitalization of nearly $42 billion (according to 2015 data). Its deposits are located in the oil rich province of Alberta.

Based in Calgary, Enbridge focuses mainly on transportation and distribution of energy in the North America. Its biggest customers are the United States and Canada itself. The company’s market cap is estimated as $40 billion.

Imperial Oil is one of the major crude oil and natural gas producers as well as petroleum refiners in Canada. The biggest stake of the company (about 70%) belongs to Exxon Mobil Corp.

Canadian Natural Resources got recognition only 20 years after it started operation. It is one of the few fully Canadian companies with a market cap of $27 billion.

TransCanada Corporation has a market cap of $26 billion and is listed among the biggest North American energy companies. The headquarters are located in Calgary.




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