About Parex Resources
Parex Resources is a company based in Calgary (Canada) founded in 2009. It operates as a Direct-to-Consumer (D2C). The company has 448 employees as of December 31, 2024. Parex Resources has completed 1 acquisition, including Verano Energy. Parex Resources offers products and services including Oil Production and Gas Production.
- Headquarter Calgary, Canada
- Employees 448 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Parex Resources Inc.
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Annual Revenue
$1.04 B (USD)-5.74as on Dec 31, 2024
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Net Profit
$57.78 M (USD)-86.59as on Dec 31, 2024
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EBITDA
$651.65 M (USD)-13.09as on Dec 31, 2024
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Latest Funding Round
$112.67 M (USD), Post-IPO
May 05, 2015
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Investors
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Employee Count
448
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Parex Resources
Parex Resources is a publicly listed company on the TSX with ticker symbol PXT in Canada, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Parex Resources
Parex Resources offers a comprehensive portfolio of products and services, including Oil Production and Gas Production. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Conventional oil production is delivered in Colombian basins.
Sustainable gas production is managed in Colombian regions.
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Funding Insights of Parex Resources
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $112.7M
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First Round
First Round
(29 Nov 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2015 | Amount | Post-IPO - Parex Resources | Valuation |
investors |
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| Nov, 2010 | Amount | Post-IPO - Parex Resources | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Parex Resources
Parex Resources has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Verano Energy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Energy sector operations are conducted in Calgary, Canada.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Parex Resources
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parex Resources Comparisons
Competitors of Parex Resources
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Parex Resources
Frequently Asked Questions about Parex Resources
When was Parex Resources founded?
Parex Resources was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Parex Resources located?
Parex Resources is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Parex Resources?
David Taylor is the current CEO of Parex Resources.
How many employees does Parex Resources have?
As of Dec 31, 2024, the latest employee count at Parex Resources is 448.
What is the annual revenue of Parex Resources?
Annual revenue of Parex Resources is $1.04B as on Dec 31, 2024.
What does Parex Resources do?
Parex Resources is established as the largest independent exploration and production company in Colombia, with over 15 years of experience. Operations are focused in the Llanos and Magdalena basins, where sustainable conventional oil and gas production is delivered. The company is committed to growing production and becoming a multi-field operator. Emphasis is placed on safe, reliable practices and strong ESG performance, including minimizing environmental impact and supporting community development through programs like Water for All and Energy for All.
What products or services does Parex Resources offer?
Parex Resources offers Oil Production and Gas Production.
Is Parex Resources publicly traded?
Yes, Parex Resources is publicly traded on TSX under the ticker symbol PXT.
How many acquisitions has Parex Resources made?
Parex Resources has made 1 acquisition, including Verano Energy.
What is Parex Resources's ticker symbol?
The ticker symbol of Parex Resources is PXT on TSX.