Company
MEG Energy Corp.
Headquarters: Calgary, AB, Canada
Founded: 1999 by William J McCaffery as McCaffery Energy Group Inc
Employees: 411
CEO: Mr. Derek W. Evans B.Sc., P. Eng.
Market Cap
C$6.50 Billion
CAD as of Jan. 1, 2025
US$4.52 Billion
Top Competitors by Market Capitalization
Industry: Oil & Gas E&P
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| ConocoPhillips | $134.52 B |
| CNOOC | $118.67 B |
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| Canadian Natural Resources Limited | $66.92 B |
| Mitsui & Co. Ltd | $55.45 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Aramco | $1.831 T |
| ExxonMobil | $489.92 B |
| Chevron | $278.15 B |
| Shell | $206.56 B |
| PetroChina | $198.37 B |
Detailed Description
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company owns a 100% interest in approximately 410 square miles of mineral leases. It also develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. The company transports and sells thermal oil to refiners in North America and internationally. As of December 31, 2021, it had approximately 2.0 billion barrels of gross proved plus probable bitumen reserves at the Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.
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Financials
| Last Financial Reports Date | Sept. 30, 2024 |
| Revenue TTM | C$5.45 B |
| EBITDA | C$1.49 B |
| Gross Profit TTM | C$1.97 B |
| Profit Margin | 9.25% |
| Operating Margin | 17.87% |
| Quarterly Revenue Growth | -12.00% |
Stocks & Indices
MEG Energy Corp. has the following listings and related stock indices.
Stock: TSX: MEG wb_incandescent
Stock: FSX: ME7 wb_incandescent
Stock: OTC: MEGEF wb_incandescent
Product & Services
PetroleumElectricity
Key People
Derek W. Evans chair, pres, ceo Dale Hohm cfo