Baytex Energy Corp
TSX:BTE
ROCE
Return on Capital Employed
ROCE, or Return on Capital Employed, is a financial ratio that measures a company’s profitability in relation to the capital it employs.
ROCE Across Competitors
| Country | Company | Market Cap | ROCE | ||
|---|---|---|---|---|---|
| CA |
|
Baytex Energy Corp
TSX:BTE
|
2.2B CAD |
12%
|
|
| US |
|
Conocophillips
NYSE:COP
|
117B USD |
14%
|
|
| CN |
C
|
CNOOC Ltd
SSE:600938
|
709.6B CNY |
20%
|
|
| CA |
|
Canadian Natural Resources Ltd
TSX:CNQ
|
89.6B CAD |
16%
|
|
| US |
|
EOG Resources Inc
NYSE:EOG
|
64B USD |
20%
|
|
| US |
|
Hess Corp
NYSE:HES
|
46.1B USD |
17%
|
|
| US |
P
|
Pioneer Natural Resources Co
LSE:0KIX
|
46B USD |
20%
|
|
| US |
|
Diamondback Energy Inc
NASDAQ:FANG
|
42B USD |
11%
|
|
| US |
V
|
Venture Global Inc
NYSE:VG
|
35.4B USD |
4%
|
|
| AU |
|
Woodside Energy Group Ltd
ASX:WDS
|
50.4B AUD |
9%
|
|
| US |
|
EQT Corp
NYSE:EQT
|
31.3B USD |
6%
|
Baytex Energy Corp
Glance View
Baytex Energy Corp. emerged as a compelling player in the North American energy landscape, rooted in the transformative boom of the oil sands and shale gas development. Originally founded in the early 1990s, Baytex evolved with a focus on the acquisition, development, and production of oil and natural gas in key resource plays across Alberta and Saskatchewan in Canada, as well as Texas in the United States. Its portfolio uniquely positions the company across diverse assets, with Canadian operations traditionally centered on heavy oil production while the U.S. operations capitalize on the prolific Eagle Ford shale formation, known for its high-quality light oil and natural gas liquids. This dual-geography strategy underpins Baytex’s operational flexibility and resilience, navigating fluctuating commodity prices through a balanced production mix and strategic hedging. The company generates revenue by selling crude oil, natural gas, and natural gas liquids, primarily to producers, processors, and marketers within the energy ecosystem. By leveraging advanced extraction technologies and strategic capital investments, Baytex optimizes resource recovery and reduces operational costs. It aims to maintain competitive production metrics and diversify its asset base to bolster financial stability. Baytex also emphasizes disciplined capital allocation and debt management, striving to return value to shareholders. Such efforts include focusing on free cash flow generation and periodically reviewing its portfolio to ensure alignment with market opportunities and long-term sustainability goals. In essence, Baytex maneuvers through the complexities of the energy markets by aligning its operations with strategic production targets and effective financial oversight, ensuring its standing as a robust mid-tier energy producer.
See Also
ROCE, or Return on Capital Employed, is a financial ratio that measures a company’s profitability in relation to the capital it employs.
Based on Baytex Energy Corp's most recent financial statements, the company has ROCE of 11.7%.
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