Athabasca Oil Corp
TSX:ATH
Gross Margin
Athabasca Oil Corp
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| CA |
|
Athabasca Oil Corp
TSX:ATH
|
2.8B CAD |
65%
|
|
| US |
|
Conocophillips
NYSE:COP
|
117.4B USD |
48%
|
|
| CN |
C
|
CNOOC Ltd
SSE:600938
|
714.8B CNY |
49%
|
|
| US |
|
EOG Resources Inc
NYSE:EOG
|
65B USD |
61%
|
|
| CA |
|
Canadian Natural Resources Ltd
TSX:CNQ
|
89B CAD |
50%
|
|
| US |
|
Hess Corp
NYSE:HES
|
46.1B USD |
78%
|
|
| US |
P
|
Pioneer Natural Resources Co
LSE:0KIX
|
46B USD |
51%
|
|
| US |
|
Diamondback Energy Inc
NASDAQ:FANG
|
40.7B USD |
71%
|
|
| US |
V
|
Venture Global Inc
NYSE:VG
|
36.7B USD |
67%
|
|
| US |
|
EQT Corp
NYSE:EQT
|
32.5B USD |
62%
|
|
| AU |
|
Woodside Energy Group Ltd
ASX:WDS
|
47.7B AUD |
43%
|
Athabasca Oil Corp
Glance View
Athabasca Oil Corporation stands as a testament to the dynamic nature of the energy sector, navigating the complexities of Canada's rich oil sands and conventional oil reserves. Established in the heart of Alberta, Athabasca has focused its operations primarily on thermal and light oil production. The company's thermal oil segment comprises significant assets in the Athabasca region, where it harnesses advanced thermal recovery technology to extract bitumen. This process, while capital-intensive, allows for a steady and reliable production stream crucial in supplying energy demands and generating revenue. The extracted bitumen is then either upgraded into synthetic crude or sold, providing a critical income stream for the company. On the other hand, the corporation's light oil division complements its portfolio with lower-cost projects characterized by quicker returns on investment. Through strategic development of these light oil plays, Athabasca enhances its production mix and mitigates the risks associated with volatile oil prices. By employing horizontal drilling and multi-stage fracturing techniques, the company taps into these reservoirs with greater efficiency and environmental care. More than just an oil producer, Athabasca Oil Corp. positions itself strategically through its marketing and transportation initiatives, ensuring that its resources move efficiently to market, optimizing revenue streams. This dual-pronged approach balances risk and return, providing stakeholders with confidence in the company’s resilience in an unpredictable industry landscape.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Athabasca Oil Corp's most recent financial statements, the company has Gross Margin of 64.8%.
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