**1. Suncor Energy Inc. (TSX: SU)**
Suncor Energy Inc. is a Canadian integrated energy company that operates in the oil sands, conventional oil, and offshore oil fields. With a market capitalization of over C$53 billion, Suncor is one of the largest oil and gas companies on the TSX. In 2024, Suncor has emerged as a top oil and gas stock on the TSX due to its strong performance and stability.
**2. Canadian Natural Resources Limited (TSX: CNQ)**
Canadian Natural Resources Limited is another key player in the Canadian oil and gas industry, focusing on exploration, production, and marketing of crude oil, natural gas, and natural gas liquids. With a market capitalization of over C$60 billion, Canadian Natural Resources has shown resilience and growth potential in 2024, making it a top oil and gas stock on the TSX.
**3. ARC Resources Ltd. (TSX: ARX)**
ARC Resources Ltd. is a leading oil and gas producer with a focus on natural gas and crude oil production in Western Canada. The company’s market capitalization stands at approximately C$10 billion, and in 2024, ARC Resources has gained attention for its sustainable business practices and commitment to environmental responsibility, making it a top oil and gas stock on the TSXV.
**4. Parex Resources Inc. (TSX: PXT)**
Parex Resources Inc. is a Colombia-focused oil and gas company with a market capitalization of over C$3 billion. The company has shown consistent growth and profitability in 2024, driven by its strategic acquisitions and effective cost management, positioning Parex Resources as a top oil and gas stock on the TSX.
**5. Birchcliff Energy Ltd. (TSX: BIR)**
Birchcliff Energy Ltd. is an intermediate oil and natural gas company with operations primarily focused in the Peace River Arch region of Alberta. With a market capitalization of over C$1 billion, Birchcliff Energy has demonstrated strong operational performance and a solid financial position in 2024, making it a top oil and gas stock on the TSXV.
In conclusion, the oil and gas sector remains a key component of the Canadian economy, and the top stocks on the TSX and TSXV in 2024 reflect the industry’s diversity and potential. Investors looking for exposure to the oil and gas market may consider these top 5 stocks for their growth prospects and stability.
