11 $C Billions Annual Canadian Oil and Gas Royalties by Province | 2000 to 2023e 35 • The improved fiscal health of the industry has transferred to East Coast Offshore the bottom line of the 30 Rest of Canada provinces. [...] 10 5 0 2000 2005 2010 2015 2020 Source: CAPP, (2022 and 2023 are estimates assuming of 20% and 5% increase for 2022 and 2023, respectively) 13 $/BOE Cash Flow and Capital Spending | Conventional Oil & Gas | 2000 to 2023e 80 • 2000 to 2010 – the conventional Conventional Oil & Gas Cash Flow1 industry growth was constrained and it did not spend all of the 70 cash flow generated. [...] 16 (000s) Annual Canadian Oil & Gas Industry Financings | 2000 to 2022 30 • While capital is constrained in the global oil and gas industry, Debt the situation is heightened in 25 Canada because of weak natural Equity gas prices, wide oil and gas price differentials, and constrained takeaway 20 capacity. [...] 100 • The oil and gas extraction sub- industry is the largest goods- producing industry in Canada, 80 and it is 2X the size of the next largest sub-industry: residential building construction. [...] Average Total Compensation Per Job by Goods-Producing Industry | 2022 Total Annual Compensation • Jobs in the oil and gas industry are the highest paying amongst $0 $60,000 $120,000 $180,000 the country’s largest goods- producing industries paying 2.3X Oil and gas extraction more than the Canadian average Petroleum and coal product manufacturing total compensation.
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