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Oil Gas Pipelines
Enbridge Inc. is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol ENB. The company is a leading energy infrastructure company based in Canada.
Enbridge was founded in 1949. Its headquarters are in Calgary, Alberta, Canada. A pipeline company that transports crude oil and natural gas.
Enbridge's pipeline system includes the beltline system, the main contributor to throughput volumes. It has interests in several major pipeline projects, including the maple leaf and southern access, which transport oil and natural gas liquids. It also owns interests in several large natural gas pipelines, including the alliance pipeline, which transports natural gas from the western Canadian sedimentary basin to customers in the midwest United States.
The company also has interests in various renewable energy projects, including onshore and offshore wind and solar power, in Canada and the United States. Besides pipelines, Enbridge also has investments in several energy generation facilities, including wind and solar power projects. The company also has a significant presence in the Gulf of Mexico, where it operates a 50.1% stake in the offshore pipeline that transports oil and natural gas to various platforms.
Some of Enbridge's key financial metrics include the following:
Revenue:
In 2022, Enbridge's revenue was $14.12 billion, up from $13.79 billion in 2020.
Net income: Enbridge's net income was $2.55 billion in 2022, up from $2.36 million in 2020.
Earnings per share: Enbridge's earnings per share (EPS) were $1.33 in 2022, up from $1.15 in 2020.
Dividend yield: Enbridge has a high dividend yield of around 5.46%, which can attract investors seeking income.
In terms of growth, Enbridge has been expanding its pipeline system and energy infrastructure through acquisitions and new projects. With increased demand for energy infrastructure, Enbridge has also expressed a goal of achieving net-zero emissions by 2050 and has made significant investments in renewable energy.
In this regard, the company has made significant investments in renewable energy projects and sustainability initiatives.
Enbridge has committed to reducing its greenhouse gas emissions by 30% by 2030 and has set a target of net-zero emissions by 2050.
However, as a pipeline company, Enbridge has been the subject of controversy and protests from environmentalists who argue that its pipeline projects threaten the environment and endanger aquatic life.
Overall, Enbridge is a leading energy infrastructure company with a strong track record of financial performance and growth potential, thanks to its investments in renewable energy and energy infrastructure. However, environmental concerns are a risk factor that investors need to consider when evaluating the company.