indicatorThe Twenty-Four

Alberta is home to 131 of Canada's 800 largest companies

Alberta’s largest companies are concentrated in Calgary and the energy sector

By Rob Roach, ATB Economics 14 August 2023 1 min read

According to the latest list from the Financial Post, Alberta was home to the head offices of 131 of Canada’s 800 largest companies last year (as measured by annual revenue). That’s up from 123 in 2021. Only Ontario has more at 360.

However, when we adjust for population size, Alberta emerges as the leader with 2.9 large companies per 100,000 residents in 2022. Ontario is in second place at 2.4 followed by BC at 1.9. Atlantic Canada has the fewest number of large companies at 0.9.

At 106, Alberta’s large companies are concentrated in Calgary. Of these, 77 were listed as either an “energy” or “oil field services” company.

The Edmonton Census Metropolitan Area is home to 21 of the head offices with the remaining four located in Lacombe, Medicine Hat, Okotoks, and Vegreville.

With revenue of $67 billion in 2022, Cenovus Energy Inc. was the largest company in Alberta and the 4th largest in the country. Imperial Oil Ltd., Suncor Energy Inc., Enbridge Inc., and Canadian Natural Resources Ltd. round out the top five largest businesses by revenue in Alberta.

The combined annual revenue of all 131 of the companies on the list with head offices in Alberta was $555 billion in 2022.

Answer to the previous trivia question: The headline inflation rate in Alberta has been below 0% eleven times since January 1990. It got as low as -2.5% in November 2001.

Today’s trivia question: How many times larger was the annual revenue of the largest company in Alberta in 2022 than than 131st?

The Financial Post prepares a list of the 800 largest companies in Canada on annual basis

The Financial Post prepares a list of the 800 largest companies in Canada on annual basis

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