Upstream, midstream, and downstream are the three primary divisions that make up the oil and Gas Companies everywhere, including Canada. These divisions are largely consistent across all locations. Exploration and production, often known as E&'P, refers to the process by which crude oil and natural gas are extracted from the earth. This process involves drilling wells to reach oil deposits located below the surface of the earth. Because both of these technologies are very pricey compared to more conventional ways of well-extraction, the price of oil at which oil sand producers may break even is much higher than the price at which more conventional producers can break even.

While upstream firms focus on the exploration and production of crude oil, downstream companies are responsible for refining and marketing finished petroleum products. Midstream companies store and transport oil and gas. Based on revenue generated over the last 12 months (TTM), the ten largest oil and gas firms in Canada are the following. This list is restricted to corporations directly or indirectly involved in the United States or Canada public stock markets. The information shown here is current as of March 30th, 2020.

Corporation Enbridge (ENB.TO)

Enbridge Inc. (ENB.TO) is a firm that specializes in energy infrastructure and offers transportation, distribution, and other services linked to the energy industry. The corporation is responsible for operating a pipeline system that transports crude oil, liquids, and natural gas. Additionally, it manages regulated natural gas distribution utilities. In addition to this, Enbridge invests in transmission infrastructure and assets related to renewable energy.

The Suncor Energy Company (SU.TO)

Located in the Athabasca oil sands of Canada, Suncor Energy Inc. (SU.TO) is an integrated energy business with a primary emphasis on developing petroleum resource basins.

Imperial Oil Ltd. (IMO.TO)

Imperial Oil is an integrated corporation involved in the exploration, production, refining, transportation, and sale of crude oil and natural gas. It trades under the ticker symbol IMO.TO. Additionally, the corporation is in the business of manufacturing and selling a variety of petrochemicals.

Canadian Natural Resources Ltd. (CNQ.TO)

In addition to main crude oil and Pelican Lake heavy crude oil. Natural gas is transported from supply basins to local distribution firms, power production units, industrial facilities, and other clients through a network of natural gas pipelines built in Canadian cities.

The Cenovus Energy Corporation (CVE.TO)

Cenovus Energy is an integrated oil and natural gas business with operations in developing, producing, and selling crude oil, natural gas liquids, and natural gas. Its ticker symbol is CVE.TO. Additionally, it processes crude oil, transports refined petroleum and chemical compounds, and sells these goods.

The Husky Energy Company (HSE.TO)

In addition to the exploration, development, production, transportation, storage, and selling of crude oil, natural gas, and natural gas liquids, Husky Energy Inc. (HSE.TO) is an integrated firm. Additionally, the corporation is involved in refining crude oil and marketing refined petroleum products.

Parkland Fuel Corp. (PKI.TO)

Parkland Fuel Corporation (PKI.TO), an energy provider, is involved in the marketing and distribution a wide range of petroleum products, such as gasoline, diesel, propane, lubricants, heating oil, and more. Some of these items are listed above. In addition to providing supplies to and services for a distribution network of retail gas stations, the firm also sells its wares to various commercial, industrial, and residential clients.

The TC Energy Corporation (TRP.TO)

Natural gas is transported from supply basins to local distribution firms, power production units, industrial facilities, and other clients through a network of natural gas pipelines built and operated by TC Energy Corp (TRP.TO), an energy infrastructure corporation. Additionally, the corporation has electricity-producing facilities and regulated natural gas storage facilities. In March 2020, TC Energy announced that it had signed a letter of intent to buy the Pioneer Pipeline for $255 million.

The Gibson Energy Company (GEI.TO)

Gibson Energy (GEI.TO), a supplier of integrated services to the oil and gas sector, is a publicly-traded company. The corporation owns a vast infrastructure that includes storage tanks, pipelines, and ports. While upstream firms focus on the exploration and production of crude oil, downstream companies are responsible for refining and marketing finished petroleum products.

Pembina Pipeline Corp. (PPL.TO)

The transportation and midstream needs of the petroleum sector are met by Pembina Pipeline Corporation (PPL.TO). The corporation is involved in the operation of conventional and oil sand pipelines and the storage, collection, and processing of natural gas. hese divisions are largely consistent across all locations. Exploration and production, often known as E&'P, refers to the process by which crude oil and natural gas are extracted from the earth.