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Oil producer with international assets in France, Malaysia and Canada, listed on the Toronto and Stockholm exchanges.
Oil producer with international assets in France, Malaysia and Canada, listed on the Toronto and Stockholm exchanges.
Sells crude oil and gas at market-linked prices, with income following oil prices and the output of its three producing regions. The Blackrod oil sands project in Alberta is the large development that would add Canadian output. The company was spun out of Lundin Petroleum in 2017.
In one line: A geographically diversified international oil producer.
Moat: none. Commodity oil producer without a structural cost or scale advantage; geographic diversification reduces but doesn't eliminate risk.
Headquarters: Calgary, Canada · Founded: 2017 · Employees: 331
Size International Petroleum Corp. (British Columbia) (IPCO.TO) is a Canada Energy company (Oil & Gas Production) with a market value of $2.85B, the 164th largest of 420 Canada companies the cockpit tracks. Shares closed at C$35.45 on 6 Nov 2026.
Performance Over six months the shares was unchanged, against -9.0% for the median peer and +5.2% for the Canada market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 11.2% over the last twelve months (peer median +8.9%); the operating margin is 19.0% (peer median 28.5%).
Valuation It trades at 11.2× forward earnings against a peer median of 7.9× (7th most expensive of 20).
Capital Return on invested capital runs 0.5 points below its cost of capital (8.0% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.07B | C$925M | C$1.06B | C$1.13B | C$1.45B |
| Revenue growth | — | -13% | -6% | -22% | — |
| Gross profit | C$224M | C$121M | C$236M | C$292M | C$632M |
| EBITDA | C$398M | C$304M | C$425M | C$438M | C$804M |
| Net income | C$108M | C$40.4M | C$140M | C$233M | C$440M |
| Free cash flow | -C$81.0M | -C$225M | -C$232M | C$43.7M | C$571M |
| Capital expenditure | C$311M | C$484M | C$596M | C$423M | C$205M |
| Total debt | C$699M | C$667M | C$645M | C$589M | C$418M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| International Petroleum Corp. (British Columbia) IPCO.TO | $2.85B | 0% | +11% | 19% | 11.2× | n/a |
| Parex Resources PXT.TO | $1.36B | -30% | +14% | 29% | 3.5× | -11.2% |
| Vermilion Energy VET.TO | $1.61B | -9% | -2% | 14% | 4.3× | -0.8% |
| Gran Tierra Energy GTE.TO | $333M | +11% | +7% | 4% | 309.2× | -0.6% |
| Obsidian Energy OBE.TO | $653M | -21% | -22% | 22% | 4.1× | n/a |
| Baytex Energy BTE.TO | $2.95B | -11% | -8% | 15% | 7.5× | 4.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IPCO.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.7% | -9.5% | 4th highest of 21 |
| 6-month return | 0.0% | -9.0% | highest of 21 |
| Distance from 52-week high | -13.4% | -27.0% | highest of 21 |
| Revenue growth (TTM) | +11.2% | +8.9% | 10th highest of 20 |
| Operating margin | 19.0% | 28.5% | 6th lowest of 20 |
| Forward P/E | 11.2× | 7.9× | 7th most expensive of 20 |
| ROIC minus cost of capital | -0.5 pp | +2.3 pp | 5th lowest of 21 |
| EV / EBITDA | 11.7× | 4.2× | 2nd most expensive of 19 |
| Net debt / EBITDA | 1.7× | 1.1× | 6th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| International Petroleum Corp. (British Columbia) IPCO.TO | Canada | $2.85B | 0% | +11% | 19% | 11.2× | n/a | n/a |
| Jiangxi Jovo Energy 605090.SS | China | $3.02B | -37% | -7% | 9% | 11.8× | -0.6% | +17.9% |
| Gulfport Energy GPOR | United States | $2.65B | -16% | +27% | 42% | 6.3× | -13.4% | +10.6% |
| Topaz Energy TPZ.TO | Canada | $3.17B | -9% | +22% | 60% | 22.8× | 5.9% | +29.4% |
| Talos Energy TALO | United States | $2.48B | -1% | +13% | 14% | 7.9× | -5.0% | +25.3% |
| Northern Oil and Gas NOG | United States | $2.43B | -2% | -3% | 30% | 4.9× | n/a | n/a |
| Patterson-UTI Energy PTEN | United States | $3.76B | -13% | 0% | 0% | 26.0× | 42.6% | +33.8% |
| Select Water Solutions WTTR | United States | $2.09B | -4% | -2% | 4% | 28.9× | n/a | n/a |
| Comstock Resources CRK | United States | $3.94B | -5% | +17% | 19% | 43.4× | n/a | n/a |
| Energean ENOG.L | United Kingdom | $1.72B | -19% | +9% | 27% | 4.2× | -2.4% | +126.8% |
| Spartan Delta SDE.TO | Canada | $1.63B | -11% | +93% | 32% | 7.6× | n/a | n/a |
| CNX Resources CNX | United States | $4.99B | -2% | +8% | 40% | 9.3× | -5.8% | +14.6% |
| Vermilion Energy VET.TO | Canada | $1.61B | -9% | -2% | 14% | 4.3× | -0.8% | +9.1% |
| Murphy Oil MUR | United States | $5.16B | -3% | +8% | 22% | 8.6× | -0.7% | +9.0% |
| Etablissements Maurel & Prom MAU.PA | France | $1.57B | -29% | -11% | 31% | 5.4× | n/a | n/a |
| NextDecade NEXT | United States | $1.56B | -23% | n/a | n/a | n/a | n/a | n/a |
| BlueNord BNOR.OL | Norway | $1.49B | -6% | +28% | 32% | 10.9× | -12.2% | +15.0% |
| Beach Energy BPT.AX | Australia | $1.42B | -16% | -9% | 21% | 5.5× | -12.2% | +4.2% |
| Cardinal Energy CJ.TO | Canada | $1.40B | -8% | +18% | 31% | 11.8× | 5.3% | +17.9% |
| Parex Resources PXT.TO | Canada | $1.36B | -30% | +14% | 29% | 3.5× | -11.2% | +11.5% |
| Harbour Energy HBR.L | United Kingdom | $6.17B | -8% | +17% | 40% | 5.1× | n/a | n/a |