Oil & Gas in Canada
Summary
Oil & Gas in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). 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 average retail price of gasoline and diesel taken together. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the retail price of natural gas.
- The Canadian oil & gas market recorded revenues of $173.3 billion in 2023, representing a compound annual growth rate (CAGR) of 5.3% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 0.4% between 2018 and 2023, to reach a total of 1,689.8 million BoE in 2023.
- The contraction in the oil & gas market in recent years can be attributed to the growing sales of electric vehicles. According to MarketLine, the Canada hybrid and electric cars market stood at $11.1 billion in 2023, an increase of 14.2% from the previous year.
- 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 2023?
- What will be the size of the Canada oil & gas market in 2028?
- What factors are affecting the strength of competition in the Canada oil & gas market?
- How has the market performed over the last five years?
- What are the main segments that make up Canada's oil & gas market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value 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 are the strengths of the leading players?
- 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. About MarketLine
- List of Tables
- Table 1: Canada oil & gas market value: $ million, 2018-23
- Table 2: Canada oil & gas market category segmentation: % share, by value, 2018-2023
- Table 3: Canada oil & gas market category segmentation: $ million, 2018-2023
- Table 4: Canada oil & gas market geography segmentation: $ million, 2023
- Table 5: Canada oil & gas market value forecast: $ million, 2023-28
- Table 6: Suncor Energy Inc.: key facts
- Table 7: Suncor Energy Inc.: Annual Financial Ratios
- Table 8: Suncor Energy Inc.: Key Employees
- Table 9: Exxon Mobil Corporation: key facts
- Table 10: Exxon Mobil Corporation: Annual Financial Ratios
- Table 11: Exxon Mobil Corporation: Key Employees
- Table 12: Exxon Mobil Corporation: Key Employees Continued
- Table 13: Cenovus Energy Inc.: key facts
- Table 14: Cenovus Energy Inc.: Annual Financial Ratios
- Table 15: Cenovus Energy Inc.: Key Employees
- Table 16: Cenovus Energy Inc.: Key Employees Continued
- Table 17: Canada size of population (million), 2019-23
- Table 18: Canada gdp (constant 2005 prices, $ billion), 2019-23
- Table 19: Canada gdp (current prices, $ billion), 2019-23
- Table 20: Canada inflation, 2019-23
- Table 21: Canada consumer price index (absolute), 2019-23
- Table 22: Canada exchange rate, 2019-23
- List of Figures
- Figure 1: Canada oil & gas market value: $ million, 2018-23
- Figure 2: Canada oil & gas market category segmentation: $ million, 2018-2023
- Figure 3: Canada oil & gas market geography segmentation: % share, by value, 2023
- Figure 4: Canada oil & gas market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the oil & gas market in Canada, 2023
- Figure 6: Drivers of buyer power in the oil & gas market in Canada, 2023
- Figure 7: Drivers of supplier power in the oil & gas market in Canada, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the oil & gas market in Canada, 2023
- Figure 9: Factors influencing the threat of substitutes in the oil & gas market in Canada, 2023
- Figure 10: Drivers of degree of rivalry in the oil & gas market in Canada, 2023
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