BNET Industries
Last Fiscal Year Sales:$21.6B
- Public
- CA
Dow Jones Description
Petro-Canada drives Canada, or at least its cars. Founded in 1975 and headquartered in Calgary, Alberta, CA, Petro-Canada (NYSE: PCA (ADR); Toronto: PCA) is an integrated petroleum conglomerate. The company offers crude oil, natural gas liquids, natural gas, and more. It produces finished petroleum products like gasoline, jet fuel, petrochemicals, and diesel and heating oils. It has proven reserves of 1.2 billion barrels of oil equivalent and has over 1,300 gas stations across Canada. The company has annual revenue of about $14.4 billion and employs about 5,000 people. In 2006 the company sold its Syrian-producing assets for A484 million to a joint venture of companies owned by India's Oil and Natural Gas Corporation Limited and the China National Petroleum Corporation.
Number of Employees 4,816
Peer Companies
NAICS Code Petroleum Refineries: 324110
Recent Events
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Suncor underlines oilsands focus
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Kodiak Announces Board Appointment, New Chief Financial Officer and Exploration Update
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Canadian Oil Sands Trust Is Now the Single Most Attractive Oil Acquisition Target
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UTS land sale fails to spark shares
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Suncor CEO says merger savings to exceed target
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Greenpeace protestors target Suncor
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Suncor: Canadian Oil Sands Production Up More Than 25% In 2009
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Suncor to lay off 1,000
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China invests in Canada's tar sands
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CANADA STOCKS-TSX may strengthen on resources, jobs data
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Merger expected to cost 1,000 jobs
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Suncor to seel off 104 gas stations
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Orvana woos, wins Kinbauri
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Risk to reward
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Suncor, Petro-Canada to Sell 104 Stations
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Petro-Canada earnings drop
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Strong Operations, Solid Liquidity Position Petro-Canada Well for Merger
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North American Energy Partners Announces Results for the Three Months Ended June 30, 2009
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TSX up as banks rebound, but jobs data weighs
News & Analysis
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petro-canada and sec - All News and Analysis
Petro-Canada and Libyan National Oil Corporation Sign New EPSA Contracts
- 2008-06-19
Petro-Canada announced today that it has signed six new exploration and production sharing agreements EPSAs with the Libyan National Oil Corporation NOC. The commercial terms of the new agreements, including the signing bonus, match those announced when Heads of Agreement were signed in December, 2007 and were ratified as of...
Husky Receives Approval for North Amethyst Development
- 2008-04-02
Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc. (TSX: HSE), announced today that the company has received approval from the federal and provincial governments and regulators regarding the North Amethyst development near the White Rose oil field, 350 kilometres southeast of St. John's, Newfoundland and...
Husky Receives Approval for North Amethyst Development.
- 2008-04-02
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR, Apr 2, 2008 Marketwire via COMTEX -- Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc. (TSX:HSE), announced today that the company has received approval from the federal and provincial governments and regulators regarding the North Amethyst...
Petro-Canada's Capital Program Up 28% Over 2007; Continued Focus on Long-Life Projects
- 2007-12-13
Highlights - $5.3 billion capital program planned: focus on long-life projects that provide sustainable cash flow - Upstream production guidance range for 2008 of 390,000 barrels of oil equivalent per day (boe/d) to 420,000 boe/d Petro-Canada's Board of Directors today approved a capital and exploration expenditure program...
Petro-Canada's Capital Program Up 28% Over 2007; Continued Focus on Long-Life Projects.
- 2007-12-13
CALGARY, ALBERTA, Dec 13, 2007 Marketwire via COMTEX -- Highlights - $5.3 billion capital program planned: focus on long-life projects that provide sustainable cash flow - Upstream production guidance range for 2008 of 390,000 barrels of oil equivalent per day (boe/d)...
Petro-Canada Delivers Strong Second Quarter Earnings; Upstream Production Continues to Grow
- 2007-07-26
Petro-Canada announced today second quarter operating earnings from continuing operations adjusted for unusual items of $805 million ($1.63/share), compared with $474 million ($0.94/share) in the second quarter of 2006. Second quarter 2007 cash flow from continuing operating activities before changes in non-cash working capital was $1,350 million ($2.74/share), compared with...
Petro-Canada Delivers Strong First Quarter Earnings: Upstream Production Grows; Highlights - Production of more than 400,000 barrels of oil equivalent per day (boe/d) net - Construction of the Edmonton refinery conversion project 23% complete at the end o
- 2007-04-24
CALGARY, ALBERTA, Apr 24, 2007 CCNMatthews via COMTEX -- Petro-Canada announced today first quarter operating earnings from continuing operations adjusted for unusual items of $580 million ($1.17/share), compared with $486 million ($0.95/share) in the first quarter of 2006. First quarter 2007 cash flow from continuing operations...
Petro-Canada to Retain Oil Sands Properties
- 2007-02-06
Petro-Canada has evaluated the bids received and has determined that it will not divest its interest in the five in situ oil sands properties of Chard, Stony Mountain, Liege, Thornbury and Ipiatik. Petro-Canada's resource ownership in these properties is estimated at 1.7 billion barrels of bitumen. The sale process...
Petro-Canada's Production Expected to Increase in 2007; Capital Program Focused on Long-Life Assets
- 2006-12-14
Petro-Canada's Board of Directors approved a capital and exploration expenditure program totalling $4.1 billion for 2007, an increase of 15% compared with the program in 2006. The 2007 capital program includes $2.6 billion directed to growth projects, exploration and new venture developments, a 37% increase in this category compared...
Petro-Canada's Production Expected to Increase in 2007; Capital Program Focused on Long-Life Assets; Highlights - Upstream production growing approximately 15% over 2006 levels - $4.1 billion capital program planned, up 15% over 2006 - Capital expenditure
- 2006-12-14
CALGARY, ALBERTA, Dec 14, 2006 CCNMatthews via COMTEX -- Petro-Canada's Board of Directors approved a capital and exploration expenditure program totalling $4.1 billion for 2007, an increase of 15% compared with the program in 2006. The 2007 capital program includes $2.6 billion directed to...
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