Enbridge Inc. operates in the "Other" sector and was founded in 1949, in Canada, by Imperial Oil, becoming one of the leading energy infrastructure companies in North America, specializing in the transportation and distribution of crude oil, natural gas, and renewable energy.
The company operates an extensive network of pipelines, being responsible for transporting approximately 30% of the crude oil produced in North America and 20% of the natural gas consumed in the United States.
In addition, Enbridge invests in the development of renewable energy projects, including wind farms, solar power, and hydrogen initiatives.
Its main business segments include:
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Crude Oil and Liquids Transportation: via one of the largest pipeline networks in North America
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Natural Gas Transmission and Distribution: delivering gas to millions of homes and industries
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Renewable Energy Infrastructure: including wind, solar, and biofuel projects
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Energy Storage and Logistics: managing terminals and storage facilities
The company operates in both the United States and Canada, with strategic activities in key energy markets.
Enbridge’s infrastructure plays a vital role in the safe and efficient delivery of fuel to consumers and industries throughout North America.
With a robust operational structure and ongoing investments in sustainability and energy efficiency, Enbridge is committed to the energy transportation and distribution sector, while supporting the transition to renewable sources.
Thanks to its diversified portfolio and strategic presence in the energy industry, the company ranks as one of the largest energy infrastructure providers in North America.
Enbridge Inc. shares are listed on the Nasdaq under the ticker ENB.
History and founding of Enbridge Inc.
Enbridge Inc. was founded in 1949 in Canada by Imperial Oil with the objective of developing infrastructure for oil transportation in the country.
Initially named Interprovincial Pipe Line (IPL), the company built its first 1,750-kilometer pipeline, connecting Edmonton (Alberta) to Superior (Wisconsin) in the United States.
In its early years, Enbridge expanded its crude oil transport network, becoming a key link between Canada’s oil fields and U.S. markets.
During the 1960s and 1970s, the company grew its operations by increasing pipeline capacity and entering the natural gas distribution sector.
From the 1990s, Enbridge diversified further by investing in natural gas and renewable energy infrastructure. In 1998, the company officially adopted the name Enbridge Inc., consolidating its identity as a leading player in the North American energy sector.
Over the years, Enbridge has made key acquisitions and strategic investments, including:
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2017: Acquisition of Spectra Energy, significantly expanding its natural gas and energy infrastructure presence
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2020: Expansion of renewable energy assets with investments in offshore wind farms in Europe
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2023: Announced acquisition of three U.S. natural gas utilities, strengthening its position in energy infrastructure
Between 2020 and 2024, Enbridge continued to expand its energy and gas transportation operations while investing in the growth of renewable sources, such as hydrogen, carbon capture, and biofuels.
Today, Enbridge Inc. remains committed to North America’s energy infrastructure, combining traditional operations with investments in clean energy, ensuring the reliable supply of oil, gas, and electricity to millions of consumers.
Additional Information
The Company Enbridge Inc (United States), is listed on Nasdaq with a market cap of $ 103.11 Billions, having an equity of $ 49.21 Billions.
The Company está listadathe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 45.74 Billions, which generated a profit in the amount of $ 4.30 Billions.
As for its main indicators, the Company has a P/E ratio of 23.97, a P/BV ratio of 2.10 and in the last 12 months the dividend yield of ENB was at 5.69%.
The Company is traded internationally through the ticker ENB.