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Oil Extraction

The Conference Board of Canada’s Economic Trends Division is recognized worldwide for its expertise in economic forecasting, modelling and analysis. We have produced accurate economic forecasts for more than 25 years.

Key Indicators for Oil Extraction

Real GDP: Real gross domestic product (GDP) is a standard measure of industry  output and is equal to the total value that an industry creates. As such,  it is a measure of the industry’s contribution to economic growth. It is stated in millions of 2002 dollars and is reported by Statistics Canada.

Employment: Employment is the total number of full-time and part-time employees in a given industry. As part of its Labour Force Survey, Statistics Canada reports employment data monthly, in thousands.

Price Index: This indicator is a composite measure of the output prices for all the industry’s products. In the case of the oil extraction industry, an output price index was created as a weighted average of the Canadian par at Edmonton, Canadian heavy at Hardisty, and North Sea Brent at Montréal, where the weights are determined by production of the different types of oil. All price indexes are standardized in the form of an index where 2002 = 100.

Revenues: Revenues are the total receipts that an industry accumulates. They are a product of pricing and of production (which is equivalent to sales in 2002 dollars). The data are reported by Statistics Canada as part of its Quarterly Financial Statistics for Enterprises and stated in millions of dollars.

Costs: Costs are the sum of labour, material, and capital costs for each industry, where capital costs include both interest expense and depreciation expense. The data are reported by Statistics Canada as part of its Quarterly Financial
Statistics for Enterprises and stated in millions of dollars.

Profits: Profits are equal to revenues less costs and are stated before taxes or extraordinary items. The data are reported by Statistics Canada as part of its Quarterly Financial Statistics for Enterprises and stated in millions of dollars.

Profit Margin: The profit margin is the ratio of profits to revenues.

What Data Do We Forecast?

   
Key Economic Indicators - Crude Oil Extraction  
Gross Domestic Product, Crude Oil Extraction, Total Millions $ 2002
WTI Cushing - Oil (WTI Chicago $Us/Bbl), Crude Oil Extraction, Total $Us/Bbl
Investment, Crude Oil Extraction, Total Millions $
Employment, Crude Oil Extraction, Total '000s
Revenues , Crude Oil Extraction, Total Millions $
Costs , Crude Oil Extraction, Total Millions $
Profits Before Taxes, Crude Oil Extraction, Total Millions $
Profit Margin , Crude Oil Extraction, Total %
 
Gross Domestic Product and Employment - Crude Oil Extraction
Gross Domestic Product, Crude Oil Extraction, Total Millions $ 2002
Employment, Crude Oil Extraction, Total '000s
Average Weekly Earnings , Crude Oil Extraction, Total $
 
Oil Production - Crude Oil Extraction
Supply Of Crude Oil and Equivalent ('000 Cubic Meters), Crude Oil Extraction, Total '000 Cubic Meters
Supply, Crude Oil Extraction, Total Crude Oil '000 Cubic Meters
Supply, Crude Oil Extraction, Heavy Crude Oil '000 Cubic Meters
Supply, Crude Oil Extraction, Light and Medium Conventional Crude Oil '000 Cubic Meters
Supply, Crude Oil Extraction, Light Offshore Crude Oil '000 Cubic Meters
Supply, Crude Oil Extraction, Synthetic Crude Oil '000 Cubic Meters
Supply, Crude Oil Extraction, Crude Bitumen '000 Cubic Meters
Supply, Crude Oil Extraction, Others '000 Cubic Meters
 
Investment and Capital Stock - Crude Oil Extraction
Real Capital Stock , Crude Oil Extraction, Total Millions $ 2002
Real Capital Stock - Machinery & Equipment, Crude Oil Extraction, Total Millions $ 2002
Real Capital Stock - Buildings, Crude Oil Extraction, Total Millions $ 2002
Capital Stock , Crude Oil Extraction, Total Millions $
Capital Stock - Machinery & Equipment, Crude Oil Extraction, Total Millions $
Capital Stock - Buildings, Crude Oil Extraction, Total Millions $
Investment, Crude Oil Extraction, Total Millions $
 
Prices and Price Indexes - Crude Oil Extraction
WTI Cushing - Oil (WTI Chicago $Us/Bbl), Crude Oil Extraction, Total $Us/Bbl
Canadian Par Edmonton - Oil ($ Cnd Per Cubic Meter), Crude Oil Extraction, Total $ Cnd Per Cubic Meter
Canadian Heavy Hardisty - Oil ($ Cnd Per Cubic Meter), Crude Oil Extraction, Total $ Cnd Per Cubic Meter
Material Price Deflator, Crude Oil Extraction, Total 2002 = 100
Capital Stock Deflator , Crude Oil Extraction, Total 2002 = 100
 
Oil Trade - Crude Oil Extraction
Exports , Crude Oil Extraction, Total Cubic Meters
Exports, Crude Oil Extraction, Light Crude Cubic Meters
Exports, Crude Oil Extraction, Heavy Crude Cubic Meters
Imports Crude Oil, Crude Oil Extraction, Total Cubic Meters
 
Oil Trade - Crude Oil Extraction
Revenues, Crude Oil Extraction, Total Millions $
Revenues, Crude Oil Extraction, Light and Medium Conventional Crude Oil Millions $
Revenues, Crude Oil Extraction, Light Crude Oil Offshore Millions $
Revenues, Crude Oil Extraction, Heavy Conventional Crude Oil Millions $
Revenues, Crude Oil Extraction, Nonconventional Crude Oil Millions $
Costs, Crude Oil Extraction, Total Millions $
Labour Costs , Crude Oil Extraction, Total Millions $
Material Costs, Crude Oil Extraction, Total Millions $
Capital Costs, Crude Oil Extraction, Total Millions $
Profits Before Taxes, Crude Oil Extraction, Total Millions $
Profit Margin , Crude Oil Extraction, Total %

Forecasts and research often involve numerous assumptions and data sources, and are subject to inherent risks and uncertainties. This information is not intended as specific investment, accounting, legal, or tax advice.

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