Oil and gas production
The company explores for, develops, and produces crude oil and natural gas from its producing fields and development assets in Canada, Malaysia, and France.
Customers and revenue model
International Petroleum Corp
F:IPT
International Petroleum Corp
F:IPT
Price:
25.36
EUR
-0.55%
Market Closed
Market Cap:
€3.1B
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Company Overview
Business Description
- Sector
- Energy
- Industry
- Energy
- Headquarters
- Canada CA
- Employees
- 271
- IPO date
- Apr 24, 2017
International Petroleum Corp is an upstream oil and gas company that explores for, develops, and produces crude oil and natural gas. It does not sell consumer products; instead, it turns underground reserves into marketable barrels and gas through drilling, field operations, and production management.
Its main customers are energy traders, refiners, and other buyers that purchase crude oil and natural gas in the wholesale market. The company makes money by selling the hydrocarbons it produces, with cash flow driven by the volumes it can extract and the market prices it receives.
What makes the business easy to understand is that it sits near the start of the energy supply chain: it finds and produces oil and gas, then sells those commodities into established markets. That makes it different from refiners or fuel retailers, because its results depend mainly on reserve quality, production reliability, and commodity prices rather than branding or consumer demand.
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