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The Energy sector contains companies involved in the exploration, production, and distribution of energy resources. Main sub-sectors include oil and gas, pipelines, and refining. Examples of energy companies include ExxonMobil, Chevron, and Enbridge, which operate in various aspects of the energy industry.
A Canadian investor may want exposure to the Energy sector for diversification, as it can provide a unique macro thesis driven by global demand for resources. This sector can offer a mix of dividend-paying stocks and growth-oriented companies, appealing to different investment profiles.
When selecting individual energy stocks, Canadian investors should consider balance-sheet quality and a company's competitive moat. A strong balance sheet can help energy companies weather industry downturns, while a competitive moat can provide a sustainable advantage over peers.
For Canadian investors in Energy stocks, a non-registered account is tax-optimal due to the Canadian dividend tax credit, which applies to eligible dividends from Canadian Energy companies. This credit can reduce the tax payable on dividend income, making a non-registered account a suitable choice for Energy stocks…
Exxon Mobil (XOM) — is a multinational oil and gas company involved in the exploration, production, and refining of petroleum products. Chevron (CVX) — operates as an integrated energy company with significant interests in oil and gas exploration, production, and refining.
Non-registered — Enbridge, TC Energy and CNQ pay large eligible Canadian dividends — the dividend tax credit makes them highly tax-efficient in a non-registered account.
The Canadian energy sector is predominantly composed of oil and gas companies. Many of these companies are listed on the Toronto Stock Exchange, offering a range of investment opportunities for Canadian retail investors.
In the Energy sector, Canadian dividend taxation is more favorable in a non-registered account due to the Canadian dividend tax credit, which reduces the tax payable on eligible dividends. For U.S. energy stocks, the 15% U.S.
For Canadian investors interested in the Energy sector, both individual stocks and sector ETFs can be viable options. Buying individual stocks allows for targeted investment in specific companies, such as those involved in oil and gas production or renewable energy.
ETFs | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
XO XOM Exxon Mobil Corporation | Energy | NYSE | +343 | $632.2B | US$152.53 | +55.4% | 24.45 | 2.84% | 0.18 | |
CV CVX Chevron Corporation | Energy | NYSE | +242 | $377.8B | US$189.71 | +45.5% | 31.73 | 3.90% | 0.50 | |
SH SHEL Shell plc | Energy | NYSE | +46 | $241.2B | US$86.77 | +32.8% | 13.10 | 3.71% | -0.24 | |
TT TTE TotalEnergies SE | Energy | NYSE | — | $199.1B | US$89.58 | +64.6% | 12.96 | 4.83% | 0.06 | |
EN ENB.TO Enbridge Inc. | Energy | TSX | +169 | $169.4B | $77.58 | +32.1% | 25.64 | 5.13% | 0.79 | |
CO COP ConocoPhillips | Energy | NYSE | +204 | $145.0B | US$119.05 | +45.2% | 19.32 | 2.95% | 0.15 | |
CN CNQ.TO Canadian Natural Resources Limited | Energy | TSX | +129 | $138.4B | $66.36 | +65.9% | 11.83 | 3.99% | 0.91 | |
EN ENB Enbridge Inc. | Energy | NYSE | +169 | $121.9B | US$55.81 | +30.1% | 25.70 | 5.15% | 0.79 | |
BP BP BP p.l.c. | Energy | NYSE | +7 | $112.5B | US$43.68 | +59.6% | 33.77 | 4.77% | -0.22 | |
SU SU.TO Suncor Energy Inc. | Energy | TSX | +112 | $107.6B | $91.16 | +97.8% | 16.38 | 2.79% | 0.59 | |
CN CNQ Canadian Natural Resources Limited | Energy | NYSE | +129 | $99.5B | US$47.69 | +60.6% | 11.78 | 4.03% | 0.91 | |
TR TRP.TO TC Energy Corporation | Energy | TSX | +122 | $98.2B | $94.24 | +48.5% | 27.10 | 3.82% | 0.97 | |
EQ EQNR Equinor ASA | Energy | NYSE | +3 | $94.5B | US$37.95 | +68.2% | 16.29 | 4.22% | -0.72 | |
WM WMB The Williams Companies, Inc. | Energy | NYSE | +222 | $87.6B | US$71.66 | +35.4% | 31.31 | 2.94% | 0.63 | |
SL SLB SLB N.V. | Energy | NYSE | +178 | $85.0B | US$56.85 | +75.4% | 24.03 | 2.16% | 0.73 | |
IM IMO.TO Imperial Oil Limited | Energy | TSX | +85 | $85.0B | $175.68 | +92.5% | 27.72 | 2.13% | 0.85 | |
EP EPD Enterprise Products Partners L.P. | Energy | NYSE | +50 | $82.2B | US$37.99 | +33.0% | 13.63 | 5.95% | 0.49 | |
E E Eni S.p.A. | Energy | NYSE | $79.8B | US$54.34 | +87.5% | 22.58 | 4.69% | 0.24 | ||
MP MPC Marathon Petroleum Corporation | Energy | NYSE | +133 | $78.0B | US$267.21 | +60.4% | 16.37 | 1.57% | 0.53 | |
VL VLO Valero Energy Corporation | Energy | NYSE | +152 | $77.6B | US$261.45 | +94.7% | 17.88 | 1.96% | 0.57 | |
SU SU Suncor Energy Inc. | Energy | NYSE | +112 | $77.4B | US$65.54 | +94.0% | 16.41 | 2.83% | 0.59 | |
CV CVE.TO Cenovus Energy Inc. | Energy | TSX | +53 | $76.5B | $41.00 | +128.2% | 15.16 | 2.31% | 0.53 | |
EO EOG EOG Resources, Inc. | Energy | NYSE | +231 | $75.4B | US$141.50 | +32.0% | 13.13 | 3.06% | 0.28 | |
PS PSX Phillips 66 | Energy | NYSE | +138 | $74.0B | US$184.68 | +60.7% | 17.40 | 2.89% | 0.69 | |
TR TRP TC Energy Corporation | Energy | NYSE | +122 | $70.6B | US$67.80 | +45.6% | 27.19 | 3.85% | 0.97 | |
KM KMI Kinder Morgan, Inc. | Energy | NYSE | +200 | $69.8B | US$31.37 | +24.1% | 20.86 | 3.78% | 0.56 | |
CC CCO.TO Cameco Corporation | Energy | TSX | +45 | $69.5B | $159.52 | +75.6% | 103.97 | 0.15% | 1.03 | |
PB PBR Petróleo Brasileiro S.A. - Petrobras | Energy | NYSE | +6 | $67.7B | US$18.19 | +77.7% | 5.87 | 9.36% | -0.06 | |
ET ET Energy Transfer LP | Energy | NYSE | +54 | $67.3B | US$19.55 | +18.7% | 15.97 | 6.96% | 0.57 | |
BK BKR Baker Hughes Company | Energy | NASDAQ | +187 | $63.8B | US$64.27 | +81.4% | 20.41 | 1.44% | 0.97 | |
IM IMO Imperial Oil Limited | Energy | AMEX | +85 | $61.1B | US$126.27 | +90.3% | 27.87 | 2.14% | 0.85 | |
OX OXY Occidental Petroleum Corporation | Energy | NYSE | +129 | $59.3B | US$59.64 | +45.1% | 76.53 | 1.84% | 0.17 | |
FA FANG Diamondback Energy, Inc. | Energy | NASDAQ | +146 | $59.2B | US$210.59 | +49.8% | 195.39 | 2.30% | 0.44 | |
TR TRGP Targa Resources Corp. | Energy | NYSE | +187 | $56.4B | US$262.69 | +75.9% | 26.05 | 1.67% | 0.74 | |
MP MPLX MPLX LP | Energy | NYSE | +51 | $56.1B | US$55.26 | +17.4% | 11.83 | 7.88% | 0.48 | |
CV CVE Cenovus Energy Inc. | Energy | NYSE | +53 | $55.0B | US$29.48 | +127.6% | 15.23 | 2.34% | 0.53 | |
OK OKE ONEOK, Inc. | Energy | NYSE | +182 | $54.7B | US$86.75 | +20.3% | 14.96 | 5.10% | 0.76 | |
DV DVN Devon Energy Corporation | Energy | NYSE | +132 | $53.3B | US$46.18 | +55.5% | 12.39 | 2.34% | 0.48 | |
CC CCJ Cameco Corporation | Energy | NYSE | +46 | $49.9B | US$114.56 | +75.0% | 105.33 | 0.15% | 1.03 | |
LN LNG Cheniere Energy, Inc. | Energy | NYSE | +160 | $49.3B | US$235.37 | +4.8% | 38.05 | 0.99% | 0.07 | |
PP PPL.TO Pembina Pipeline Corporation | Energy | TSX | +163 | $39.2B | $67.48 | +39.9% | 24.18 | 4.45% | 0.70 | |
HA HAL Halliburton Company | Energy | NYSE | +151 | $34.3B | US$41.03 | +115.7% | 21.46 | 1.75% | 0.74 | |
EQ EQT EQT Corporation | Energy | NYSE | +155 | $34.1B | US$54.47 | +3.4% | 10.42 | 1.20% | 0.59 | |
TS TS Tenaris S.A. | Energy | NYSE | +1 | $32.3B | US$64.02 | +90.7% | 16.03 | 2.92% | 0.49 | |
EC EC Ecopetrol S.A. | Energy | NYSE | $32.0B | US$15.58 | +60.3% | 10.90 | 4.45% | -0.04 | ||
CQ CQP Cheniere Energy Partners, L.P. | Energy | NYSE | +42 | $30.0B | US$62.04 | +13.4% | 13.80 | 5.54% | 0.35 | |
PB PBA Pembina Pipeline Corporation | Energy | NYSE | +55 | $28.2B | US$48.55 | +35.4% | 24.24 | 4.46% | 0.70 | |
TP TPL Texas Pacific Land Corporation | Energy | NYSE | +104 | $28.1B | US$406.76 | -2.4% | 54.06 | 0.61% | 0.68 | |
FT FTI TechnipFMC plc | Energy | NYSE | +1 | $27.1B | US$67.94 | +138.4% | 26.21 | 0.29% | 0.74 | |
TO TOU.TO Tourmaline Oil Corp. | Energy | TSX | +3 | $25.4B | $65.54 | +9.4% | 34.82 | 3.17% | 0.30 |