5 Best-performing Canadian Oil and Gas Stocks of 2025
Oil prices fell sharply during the second quarter, after reaching year-to-date highs early in the year.
Between January and the end of June, Brent shed 18.26 percent from US$81.69 to US$66.77. West Texas Intermediate made a similar decline falling 16.94 percent from US$78.86 to US$65.50, over the same time period.
The contraction was largely attributed to OPEC+ easing production cuts and increasing output.
Global supply was further bolstered by China’s strong import volumes and rising domestic output, giving refiners room to delay purchases and adding to a mild US inventory build, both of which added downward pressure.
Conversely, seasonal demand from the US summer driving season and solid Q2 GDP growth in China offered some support.
Despite that backdrop, the five top-performing oil and gas stocks on the TSX and TSXV have seen share price growth over Q2 2025. All year-to-date performance and share price data was obtained on July 16, 2025, using TradingView’s stock screener, and oil and gas companies with market caps above C$10 million at that time were considered.
Year-to-date gain: 43.75 percent
Market cap: C$127.55 million
Share price: C$0.115
Headquartered in Dublin, Ireland, Falcon Oil & Gas is an international oil and gas company incorporated in BC, Canada. The company specializes in the exploration and development of unconventional oil and gas assets, with interests in assets in Australia, South Africa and Hungary.
On January 24, Falcon issued its first corporate update of 2025, announcing the launch of a well stimulation campaign for two wells for the Shenandoah South pilot project in the Beetaloo Sub-Basin, located in Australia’s Northern Territory.
The company has a 22.5 interest in the Beetaloo joint venture, with Tamboran Resources (NYSE:TBN,ASX:TBN) owning the remaining 77.5 percent.
Falcon’s share price spiked several times in June, reaching a year-to-date high of C$0.14 on June 17, which it maintained through late June. The stock movement coincided with Beetaloo updates, including “stellar” flow test results on June 17.
“The IP30 flow rate results announced today of 7.2 million cubic feet per day (MMcf/d), are truly stellar and marks another major data point in the Beetaloo Sub-basin again demonstrating that it compares to the best shale wells in the United States,” CEO Philip O’Quigley wrote in the press release.
Year-to-date gain: 25.67 percent
Market cap: C$57.37 billion
Share price: C$112.70
Calgary-based Imperial Oil is a prominent Canadian energy company involved in the exploration, production, refining and marketing of petroleum products. With a history spanning over 140 years, Imperial operates diverse assets across Canada, including oil sands, conventional crude oil and natural gas assets.
On January 31, Imperial released its Q4 2024 results, reporting an estimated net income of C$1.23 billion in Q4 2024,…
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