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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smart money:
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Suncor to focus on oilsands business
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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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UPDATE 1-Suncor says to cut 1,000 staff after takeover
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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
News & Analysis
Filter by
petro-canada and suncor energy - All News and Analysis
Suncor: What's Next For the World's Newest Oil Supermajor?
BNET
- 2009-07-22
Suncor Energy has been given the official OK to merge with Petro-Canada, a deal that will create Canada's largest integrated oil company with market value of more than $43.3 billion and adds one more giant to the world's supermajor club. But what will the new and improved Suncor look like? In...
Energy Roundup: Suncor Buys Rival Petro-Canada, Tata Unveils Nano, and More
BNET
- 2009-03-23
Suncor's purchase of Petro-Canada spurs oil sands consolidation debate -- Suncor Energy's plan to buy Petro-Canadafor $15.5 billion has sparked speculation and debate the deal will accelerate consolidation in the Alberta oil sands. The all-share deal -- the largest in the oil and gas industry since 2006 -- would create Canada's...
Canadian convenience: a recent report sheds light on convenience trends in the Canadian market.(Marketing Strategies)
- 2004-08-01
CONVENIENCE STORE OPERATORS IN THE United States can use several strategies to compete for market share. Some attract customers by offering gasoline several cents below the competition, while others use aggressive pricing to push beer and cigarettes. Many marketers opt for megastores to create high-profile destinations....
Canadian convenience: a recent report sheds light on convenience trends in the Canadian market.(Marketing Strategies)
- 2004-08-01
CONVENIENCE STORE OPERATORS IN THE United States can use several strategies to compete for market share. Some attract customers by offering gasoline several cents below the competition, while others use aggressive pricing to push beer and cigarettes. Many marketers opt for megastores to create high-profile destinations....
Uranium Power Corporation: Acquisition of a 51% Interest in a 1,400,000 Acre Athabasca Oil Sands Permit.
- 2004-06-10
CALGARY, ALBERTA, Jun 10, 2004 CCNMatthews via COMTEX Acquisition of a 51% interest in a 1,400,000 Acre Athabasca Oil Sands Permit Positions Uranium Power Corporation in close proximity to major oil sand projects operated by Suncor Energy, Petro Canada and Imperial Oil in the...
Petro-Canada Takes Cheaper Oil Sands Approach.
- 2003-12-12
HOUSTON -- Petro-Canada announced Wednesday that it has found a more cost-efficient way to upgrade bitumen mined from its oil sands projects in Western Canada. Under its less-costly strategy, Petro-Canada will reconfigure its Edmonton refinery to upgrade and refine oil sands feedstock. Petro-Canada will spend approximately C$1.2 billion...
Oil Sands, Refinery Upgrades Dominate Suncor, Petro-Canada '04 Capex
- 2003-12-02
HOUSTON -- Calgary-based Suncor Energy announced Monday C$1.7 billion (US$1.3 billion) in capital spending plans in 2004, with C$1 billion of that money earmarked for oil sands projects. Fellow exploration and production company Petro-Canada also has revealed its 2004 spending plans, announcing Friday a C$2.6 billion capital and...
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