Considering investing in energy stocks? While the best energy stocks depend on your portfolio and investment goals, we've identified some energy stocks that are worth keeping an eye on in the power sector. Keep reading to learn more about energy stocks and how to start investing.
We round up a selection of stocks in or related to the power industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy on Questrade |
|---|---|---|---|---|---|
| Suncor Energy (SU.TO) | 46.34% | $96.1 billion (CAD) | Toronto Stock Exchange | 6,762,089 | Buy now |
| TC Energy (TRP.TO) | 50.50% | $100.4 billion (CAD) | Toronto Stock Exchange | 4,362,681 | Buy now |
| Chevron (CVX.US) | 19.20% | $345.8 billion (USD) | NYSE | 10,493,315 | Buy now |
| Exxon Mobil (XOM.US) | 23.92% | $571.2 billion (USD) | NYSE | 10,958,998 | Buy now |
| Canadian Natural Resources (CNQ.TO) | 34.73% | $120.9 billion (CAD) | Toronto Stock Exchange | 12,646,300 | Buy now |
| Enbridge (ENB.TO) | 27.75% | $170.2 billion (CAD) | Toronto Stock Exchange | 3,318,281 | Buy now |
| Imperial Oil (IMO.TO) | 49.52% | $76.5 billion (CAD) | Toronto Stock Exchange | 304,304 | Buy now |
| Pembina Pipeline (PPL.TO) | 31.19% | $37.9 billion (CAD) | Toronto Stock Exchange | 2,381,555 | Buy now |
| Cenovus Energy (CVE.TO) | 88.12% | $66.5 billion (CAD) | Toronto Stock Exchange | 8,017,500 | Buy now |
| Gibson Energy (GEI.TO) | 26.23% | $5.1 billion (CAD) | Toronto Stock Exchange | 650,390 | Buy now |
The power industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering energy stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
A lot of factors go into picking the best energy stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong energy stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular energy stocks in or related to the power industry to help narrow down your options:
Keep in mind that this is not a "best" list or a recommendation. It highlights some energy stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each energy stock below. Keep reading to decide if any of these companies are the right investment for you.
Suncor Energy Inc. operates as an integrated energy company in Canada, the United States, and internationally. The company operates through Oil Sands; Exploration and Production; and Refining and Marketing segments.
The Oil Sands segment produces bitumen; and markets, supplies, and transports and manages crude oil, power, and byproducts.
| Closing stock price | C$78.32 |
|---|---|
| Market Capitalization | C$96.1 billion |
| Gross profit (TTM) | C$30 billion |
| Profit margin | 12.39% |
| Revenue (TTM) | C$51.1 billion |
| Earnings per share (TTM) | C$5.26 |
| 52-week stock price range | C$49.24 – C$95.89 |
TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. It operates through four segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; and Power and Energy Solutions.
The company builds and operates a network of 94,171 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.
| Closing stock price | C$96.33 |
|---|---|
| Market Capitalization | C$100.4 billion |
| Gross profit (TTM) | C$10.7 billion |
| Profit margin | 22.23% |
| Revenue (TTM) | C$15.5 billion |
| Earnings per share (TTM) | C$3.39 |
| 52-week stock price range | C$61.15 – C$98.62 |
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. It operates through Upstream, Downstream, and All Other segments.
The Upstream segment engages in the exploration for, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; carbon capture and storage; and operation of a gas-to-liquids plant.
| Closing stock price | $175.06 |
|---|---|
| Market Capitalization | $345.8 billion |
| Gross profit (TTM) | $78.8 billion |
| Profit margin | 5.93% |
| Revenue (TTM) | $185.7 billion |
| Earnings per share (TTM) | $5.75 |
| 52-week stock price range | $136.68 – $212.76 |
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States, Canada, and internationally. The company operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments.
Its Upstream segment explores for and produces crude oil and natural gas.
| Closing stock price | $138.47 |
|---|---|
| Market Capitalization | $571.2 billion |
| Gross profit (TTM) | $97 billion |
| Profit margin | 7.76% |
| Revenue (TTM) | $326 billion |
| Earnings per share (TTM) | $5.94 |
| 52-week stock price range | $102.27 – $175.22 |
Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil.
Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
| Closing stock price | C$58.66 |
|---|---|
| Market Capitalization | C$120.9 billion |
| Gross profit (TTM) | C$18.8 billion |
| Profit margin | 25.13% |
| Revenue (TTM) | C$38.6 billion |
| Earnings per share (TTM) | C$5.13 |
| 52-week stock price range | C$39.22 – C$70.99 |
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation.
The Liquids Pipelines segment operates pipelines and related terminals to transport, store, and export various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
| Closing stock price | C$77.68 |
|---|---|
| Market Capitalization | C$170.2 billion |
| Gross profit (TTM) | C$26.8 billion |
| Profit margin | 10.00% |
| Revenue (TTM) | C$69 billion |
| Earnings per share (TTM) | C$2.95 |
| 52-week stock price range | C$56.52 – C$80.65 |
Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates in three segments: Upstream, Downstream and Chemical segments.
The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen.
| Closing stock price | C$161.61 |
|---|---|
| Market Capitalization | C$76.5 billion |
| Gross profit (TTM) | C$7.8 billion |
| Profit margin | 6.23% |
| Revenue (TTM) | C$46.9 billion |
| Earnings per share (TTM) | C$5.90 |
| 52-week stock price range | C$104.22 – C$190.81 |
Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures.
The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.
| Closing stock price | C$65.50 |
|---|---|
| Market Capitalization | C$37.9 billion |
| Gross profit (TTM) | C$2.9 billion |
| Profit margin | 22.23% |
| Revenue (TTM) | C$7.6 billion |
| Earnings per share (TTM) | C$2.66 |
| 52-week stock price range | C$46.41 – C$68.67 |
Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments.
The company is involved in the development and production of bitumen and heavy oil; owns and operates pipeline gathering systems and terminals; operation of assets rich in NGLs and natural gas in Alberta and British Columbia; and offshore operations, exploration, and development activities in the East Coast of Canada and the Asia Pacific region.
| Closing stock price | C$35.66 |
|---|---|
| Market Capitalization | C$66.5 billion |
| Gross profit (TTM) | C$12.1 billion |
| Profit margin | 9.52% |
| Revenue (TTM) | C$48.8 billion |
| Earnings per share (TTM) | C$2.51 |
| 52-week stock price range | C$17.93 – C$43.88 |
Gibson Energy Inc., together with its subsidiaries, engages in the gathering, storing, optimizing, and processing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments.
The company operates a network of infrastructure assets that include terminals, rail loading and unloading facilities, gathering pipelines, diluent recovery unit, and crude oil processing facility.
| Closing stock price | C$29.56 |
|---|---|
| Market Capitalization | C$5.1 billion |
| Gross profit (TTM) | C$401.9 million |
| Profit margin | 1.37% |
| Revenue (TTM) | C$10.7 billion |
| Earnings per share (TTM) | C$0.89 |
| 52-week stock price range | C$21.39 – C$30.31 |
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