Canada’s Oil Sands Poised for Mega Merger After Busy 2025


Since then, a wave of consolidation in the Canadian energy patch has put control in the hands of an increasingly smaller group of companies. Canadian Natural Resources Ltd., Cenovus Energy Inc., Suncor Energy Inc., ConocoPhillips and Exxon Mobil Corp.’s Imperial Oil Ltd. account for roughly 85% of Alberta’s oil sands production.



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