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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]
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.
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).
Ronald Alvin Brenneman (born 4 June 1946) was the president and chief executive officer of Petro-Canada. [1] He has been a director at the company since 2000. His annual compensation for 2005 was $2.68 million CAD. Prior to joining Petro-Canada, he was also a director at Scotiabank and Bell Canada Enterprises.
This page was last edited on 15 November 2020, at 00:16 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The Oakville Refinery (also known as Petro Canada Oakville Refinery) was a refinery located on the border of Oakville and Burlington in Ontario, Canada. The refinery was commissioned in 1958 by Cities Service Company. It had an initial capacity 25,000 barrels per day (4,000 m 3 /d). In 1963, the refinery was acquired by BP. [1]
In January 1976, Hopper became the first president of the new crown corporation Petro-Canada. In 1978 he gained the additional title of chairman of the board, and in 1979 ceded the presidency. Hopper remained chairman of Petro-Canada until 1993, when he was succeeded by Alfred Edwin Barroll.