Search results
Results from the WOW.Com Content Network
Petro-Canada (colloquially known as Petro-Can) is a retail and wholesale marketing brand subsidiary of Suncor Energy. Until 1991, it was a federal Crown corporation (a state-owned enterprise ). In August 2009, Petro-Canada merged with Suncor Energy, with Suncor shareholders receiving approximately 60 percent ownership of the combined company ...
Suncor Energy completed merger with Canada's 11th largest company Petro Canada on August 1, 2009 in a 21 billion dollar deal to form the largest oil and second largest company overall in Canada. [66] [67] At the time of the merger it had a market capitalization of $43 billion and held the biggest position in Alberta's oil sands. [68]
The Suncor Energy (Petro Canada) refinery near Edmonton has a capacity of 142,000 barrels per day (22,600 m 3 /d) of crude oil. The Imperial Oil Strathcona Refinery near Edmonton has a capacity of 187,200 barrels per day (29,760 m 3 /d). The Shell Canada Scotford Refinery near Edmonton has a capacity of 100,000 barrels per day (16,000 m 3 /d).
On 27 April 1984, BP Resources Canada changed its name to BP Canada Inc., the name of the company prior to the Petro-Canada sale. BP Canada's performance fluctuated through the 1980s. In 1987 its profits were a record $44.6 million, yet, the following year they decreased to $10.3 million.
On March 23, 2009, Suncor announced its intent to acquire Petro-Canada. [11] [12] This merger created a company with a combined market capitalization of C$43.3 billion. On June 4, 2009, a 98% approval rate was reached by Suncor's shareholders for the acquisition of Petro-Canada and the Competition Bureau approved the merger on June 21, 2009.
Petro-Canada was founded in 1975 as a federally-owned crown corporation, then privatized beginning in 1991. The provincial government of Ontario purchased a 25% stake in Suncor Energy in 1981, then divested it in 1993. Petro-Canada has been met with opposition mainly from Alberta, home to one of the main
In 1981, Petrofina sold its Canadian retail operations in eastern Canada to the Canadian government and became part of Petro-Canada. [2] Petrofina merged with Total S.A. of France to form TotalFina and with Elf in 2000 to form TotalFinaElf. The company's current name is TotalEnergies (since 2021). [3] [4]
Parkland Corporation — Canada Chevron - under license; Fas Gas Plus; Pioneer Petroleum; Ultramar; Paz — Israel; Pemex — Mexico; Pertamina — Indonesia; Petcom [now a subsidiary of Phoenix Fuels [18]] — Jamaica; Petro-Canada — Canada; Petrobras — Brazil; PetroChina — People's Republic of China; Petrofina — Belgian company merged ...