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Gross Margin
MEG Energy 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 | CA |
Market Cap | 5.9B CAD |
Gross Margin |
35%
|
Country | MY |
Market Cap | 5.2T MYR |
Gross Margin |
92%
|
Country | US |
Market Cap | 123B USD |
Gross Margin |
47%
|
Country | CN |
Market Cap | 749.5B CNY |
Gross Margin |
48%
|
Country | US |
Market Cap | 67.2B USD |
Gross Margin |
62%
|
Country | CA |
Market Cap | 89.8B CAD |
Gross Margin |
50%
|
Country | US |
Market Cap | 46B USD |
Gross Margin |
51%
|
Country | US |
Market Cap | 45.4B USD |
Gross Margin |
72%
|
Country | US |
Market Cap | 39.5B USD |
Gross Margin |
76%
|
Country | AU |
Market Cap | 44.7B AUD |
Gross Margin |
45%
|
Country | US |
Market Cap | 25.8B EUR |
Gross Margin |
92%
|
MEG Energy Corp
Glance View
MEG Energy Corp., a prominent player in Canada's oil sands sector, operates with a keen focus on innovation and sustainability. Founded in 1999, and headquartered in Calgary, Alberta, the company has carved out a strong niche in the in-situ recovery of bitumen through its proprietary Steam-Assisted Gravity Drainage (SAGD) technology. This method involves injecting steam into underground reservoirs to liquefy bitumen, making it easier to extract. Unlike traditional mining, SAGD is less invasive and more efficient, aligning with MEG's commitment to balancing energy production with environmental stewardship. The Christina Lake Project, their flagship asset, stands as a testament to their operational expertise, showcasing high production levels alongside a concerted effort to minimize greenhouse gas emissions and water usage. Financially, MEG Energy generates revenue through the production and sale of bitumen, which is subsequently processed into crude oil. This crude is then marketed across North America and internationally, contributing to diversified revenue streams. The company employs sophisticated hedging strategies to manage price volatility in the oil markets, a crucial element in maintaining financial stability. MEG's focus on innovation also extends to its cost management practices, constantly seeking ways to reduce operational costs and enhance profit margins. In navigating the cyclical nature of the oil industry, MEG Energy continues to leverage its technological advantage and operational discipline to create shareholder value while consciously addressing the environmental impacts of its operations.
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 MEG Energy Corp's most recent financial statements, the company has Gross Margin of 35.2%.