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There are xx businesses in the Oil Drilling & Gas Extraction industry in Canada, which is expected to decline at xx% over the next five years. Companies in the Canadian Oil Drilling and Gas Extraction industry operate and develop oil and gas field properties. Activities include exploring and producing crude petroleum, mining and extracting oil from oil shale and oil sands, exploring and producing natural gas, recovering sulphur from natural gas and recovering hydrocarbon liquids. Companies may operate oil and gas wells on their own account or for others on a contract or fee basis.
Curious about what drives these trends? IBISWorld's Oil Drilling & Gas Extraction in Canada industry coverage has got you covered.
Total value (#) and annual change from 2012 – 2030.
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| Industry | Sector | Last 5-yr CAGR | Forecast 5-year CAGR | Revenue |
|---|---|---|---|---|
| Oil & Gas Field Services in Canada |
|
XX% | XX% | $XX |
| Natural Gas Distribution in Canada |
|
XX% | XX% | $XX |
| Petroleum Refining in Canada |
|
XX% | XX% | $XX |
| Petrochemical Manufacturing in Canada |
|
XX% | XX% | $XX |
| Global Oil & Gas Exploration & Production |
|
XX% | XX% | $XX |
| Oil Drilling & Gas Extraction in the US |
|
XX% | XX% | $XX |
| Hydraulic Fracturing Services in the US |
|
XX% | XX% | $XX |
| Natural Gas Liquid Processing in the US |
|
XX% | XX% | $XX |
| Oil and Gas Extraction in Australia |
|
XX% | XX% | $XX |
| Oil and Gas Extraction in New Zealand |
|
XX% | XX% | $XX |
| Crude Petroleum & Natural Gas Extraction in the UK |
|
XX% | XX% | $XX |
| Oil & Gas Drilling in China |
|
XX% | XX% | $XX |
When the stakes are high, you need intelligence that cuts through the noise—wherever you work.
There is 2,917 Oil Drilling & Gas Extraction in Canada businesses as of 2026, an increase of 5.6% from 2025.
The number of Oil Drilling & Gas Extraction in Canada businesses has declined -1.8% per year on average over the five years between 2021 and 2026.
See our full analysis of the Oil Drilling & Gas Extraction in Canada to understand if the mumber of bussinesses is expected to grow or decline over the next five years.
The Oil Drilling & Gas Extraction in Canada has low market share concentration and the largest business is Canadian Natural.