Canada Oil and Gas Market Summary, Competitive Analysis and Forecast to 2027
Summary
Oil & Gas in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the hub price of crude oil. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the price of natural gas (Henry Hub spot price). The values represent the total revenues available to exploration and production companies from sales of crude oil and natural gas. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
- The Canadian oil & gas market had total revenues of $200.2 billion in 2022, representing a compound annual growth rate (CAGR) of 10.4% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 0.5% between 2017 and 2022, to reach a total of 1.7 billion BoE in 2022.
- The Canadian oil & gas market is being impacted by several macroeconomic factors, such as rising GDP, increasing industrialization, and rising inflationary pressures.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Canada
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Canada
- Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Canada oil & gas market with five year forecasts
- What was the size of the Canada oil & gas market by value in 2022?
- What will be the size of the Canada oil & gas market in 2027?
- What factors are affecting the strength of competition in the Canada oil & gas market?
- How has the market performed over the last five years?
- Who are the top competitiors in Canada's oil & gas market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What were the most notable recent developments in this market?
- 8 Company Profiles
- 8.1. Suncor Energy Inc.
- 8.2. Exxon Mobil Corporation
- 8.3. Cenovus Energy Inc.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Canada oil & gas market value: $ million, 2017-22
- Table 2: Canada oil & gas market volume: million BoE, 2017-22
- Table 3: Canada oil & gas market category segmentation: % share, by value, 2017-2022
- Table 4: Canada oil & gas market category segmentation: $ million, 2017-2022
- Table 5: Canada oil & gas market geography segmentation: $ million, 2022
- Table 6: Canada oil & gas market value forecast: $ million, 2022-27
- Table 7: Canada oil & gas market volume forecast: million BoE, 2022-27
- Table 8: Suncor Energy Inc.: key facts
- Table 9: Suncor Energy Inc.: Annual Financial Ratios
- Table 10: Suncor Energy Inc.: Key Employees
- Table 11: Exxon Mobil Corporation: key facts
- Table 12: Exxon Mobil Corporation: Annual Financial Ratios
- Table 13: Exxon Mobil Corporation: Key Employees
- Table 14: Exxon Mobil Corporation: Key Employees Continued
- Table 15: Cenovus Energy Inc.: key facts
- Table 16: Cenovus Energy Inc.: Annual Financial Ratios
- Table 17: Cenovus Energy Inc.: Key Employees
- Table 18: Canada size of population (million), 2018-22
- Table 19: Canada gdp (constant 2005 prices, $ billion), 2018-22
- Table 20: Canada gdp (current prices, $ billion), 2018-22
- Table 21: Canada inflation, 2018-22
- Table 22: Canada consumer price index (absolute), 2018-22
- Table 23: Canada exchange rate, 2018-22
- List of Figures
- Figure 1: Canada oil & gas market value: $ million, 2017-22
- Figure 2: Canada oil & gas market volume: million BoE, 2017-22
- Figure 3: Canada oil & gas market category segmentation: $ million, 2017-2022
- Figure 4: Canada oil & gas market geography segmentation: % share, by value, 2022
- Figure 5: Canada oil & gas market value forecast: $ million, 2022-27
- Figure 6: Canada oil & gas market volume forecast: million BoE, 2022-27
- Figure 7: Forces driving competition in the oil & gas market in Canada, 2022
- Figure 8: Drivers of buyer power in the oil & gas market in Canada, 2022
- Figure 9: Drivers of supplier power in the oil & gas market in Canada, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in Canada, 2022
- Figure 11: Factors influencing the threat of substitutes in the oil & gas market in Canada, 2022
- Figure 12: Drivers of degree of rivalry in the oil & gas market in Canada, 2022
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