Petro-Canada Company Description
O Petro-Canada! A major Canadian integrated oil and gas company, Petro-Canada relies on the rock-solid performance of its petroleum assets. The company, which has proved reserves of more than 1 billion barrels of oil equivalent, operates in Western Canada, Newfoundland, Europe, North Africa, and the Caribbean. It owns 12% of Syncrude, the world's largest oil sands development. Downstream operations include refineries in Edmonton and Montreal, a lubricant plant in Mississauga, and a 51% stake in a Montreal chemicals plant. Petro-Canada also operates more than 1,320 gas stations across Canada and operates a wholesale fuel network. In 2009 the company agreed to be acquired by Suncor Energy in a $15 billion deal.
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The Company Description provides a historical perspective of Petro-Canada's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Petro-Canada's evolution in the marketplace.
