| Petro-Canada | |
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| Type | Public (TSX: PCA (PCZ)) |
| Founded | Ottawa, Ontario (1975) |
| Headquarters |  Calgary, Alberta |
| Key people | Ron Brenneman, President & CEO |
| Industry | Oil and Gasoline |
| Products | Petrochemical products |
| Revenue |  $18. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc Ottawa (ˈɒtəwə or sometimes /ˈɒtəwɑː/ is the Capital of Canada and the country's fourth largest municipality. Ontario (ɒnˈtɛrioʊ is a province located in the central part of Canada, the largest by population and second largest after Quebec Calgary (ˈkælgəriː is the largest city in the Province of Alberta, Canada Alberta (ælˈbɝtə is one of Canada's prairie provinces. It became a province on September 1 1905 Ron A Brenneman is the President and Chief executive officer of Petro-Canada as of December 31 2005 President is a Title leaders of Organizations companies, Trade unions universities, and countries. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" These are lists of petroleum companies. List of companies by size of oil reserves A list of the largest petroleum companies is always somewhat arbitrary as state-owned companies In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Petrochemicals are chemical products made from raw materials of Petroleum or other Hydrocarbon origin In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 911 billion CAN (2006) |
| Employees | 5,000 (2005) |
| Website | www.petro-canada.ca |
Petro-Canada (TSX: PCA, NYSE: PCZ) is a Canadian oil and gas firm. Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Country to "Dominion of Canada" or "Canadian Federation" or anything else please read the Talk Page Petroleum ( L petroleum, from Greek πετρέλαιον, lit Its headquarters are in the Petro-Canada Centre in Calgary, Alberta. The Petro-Canada Centre is a 1945000 square foot (181000 m² project composed of two Granite and reflective Glass -clad office towers of 32 floors Calgary (ˈkælgəriː is the largest city in the Province of Alberta, Canada Alberta (ælˈbɝtə is one of Canada's prairie provinces. It became a province on September 1 1905
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History
Petro-Canada was founded as a Crown Corporation in 1975 by an act of Parliament. In the Commonwealth realms a Crown corporation is a State-controlled company or enterprise Most of the original Petro-Canada stations were British Petroleum Canada (BP Canada) dealers, and BP disappeared from the retail scene in Canada soon after. Later, Petro-Canada acquired the Canadian retail stations of Gulf and Fina. Gulf Oil was a major global oil company from the 1900s to the 1980s Petrofina was a Belgian oil company which merged with Total in 1999 to form TotalFina, but the name has now been changed back to Total after
In 1973, world oil prices quadrupled due to the Arab oil embargo following the Yom Kippur War. "The world " is a proper noun for the planet Earth envisioned from an Anthropocentric or Human Worldview, as a place An oil is a substance that is in a viscous Liquid state ( "oily") at ambient temperatures or slightly warmer and is Price in Economics and Business is the result of an exchange and from that trade we assign a numerical Monetary value to a good, The araB gene Promoter is a bacterial promoter activated by e L-arabinose binding The Yom Kippur War, Ramadan War or October War (מלחמת יום הכיפורים transliterated: Milkhemet Yom HaKipurim or מלחמת יום Canada's province of Alberta had substantial oil reserves, whose extraction had long been controlled by American corporations. Country to "Dominion of Canada" or "Canadian Federation" or anything else please read the Talk Page Alberta (ælˈbɝtə is one of Canada's prairie provinces. It became a province on September 1 1905 Oil reserves are the estimated quantities of Crude oil that are claimed to be recoverable under existing Economic and operating conditions The United States of America —commonly referred to as the Elements of the government of Prime Minister Pierre Trudeau and the opposition New Democratic Party felt that these corporations geared most of their production to the American market, and sent their profits south. The Prime Minister of Canada ( French: Premier ministre du Canada) is the primary Minister of the Crown, chairman of the Cabinet, and thus Principles policies and electoral achievement The NDP grew from populist, agrarian and democratic socialist roots As a result, they believed, little of the benefit of rising oil prices went to Canadians. This view was not widely shared in the oil-producing province of Alberta. Alberta (ælˈbɝtə is one of Canada's prairie provinces. It became a province on September 1 1905
The bill to create a publicly-run oil company was introduced by the New Democratic Party in 1973, Trudeau's Liberals were then in a minority government and dependent upon the support of the NDP to stay in power. Principles policies and electoral achievement The NDP grew from populist, agrarian and democratic socialist roots The Liberal Party of Canada ( Parti libéral du Canada) colloquially known as the Grits (originally " Clear Grits " is a major Canadian political A minority government or a minority cabinet is a Cabinet of a Parliamentary system formed when the governing Political party or The idea also fit with Trudeau's economic nationalism. The NDP and the Liberals passed the bill over the opposition of the Progressive Conservative Party led by Robert Stanfield. The Progressive Conservative Party of Canada ( PC) ( Parti progressiste-conservateur du Canada) ( 1867 – 2003) was a Canadian Robert Lorne Stanfield, PC, QC ( April 11, 1914 – December 16, 2003) was Premier of Nova Scotia
The company was given $1. 5 billion in start-up money and easy access to new sources of capital. It was set up in Calgary, despite the hostility of that city's population and existing oil firms. Its first president was Liberal operative Maurice Strong. Maurice F Strong PC, CC, OM, LLD, FRSC (born April 29, 1929 in Oak Lake, Manitoba) is one The government maintained closer controls over Petro-Canada than was usual for a Crown Corporation so they could use it as a policy tool. The Progressive Conservatives (PCs), now led by Albertan Joe Clark, were opponents of the company, and advocated breaking it up and selling it. Alberta (ælˈbɝtə is one of Canada's prairie provinces. It became a province on September 1 1905 Charles Joseph "Joe" Clark PC CC AOE (born June 5 1939 is a Canadian Journalist, Politician, Statesman The Tories were unable to proceed with these plans during their brief time in power in 1979-1980, however.
The company became popular outside Alberta as a symbol of Canadian nationalism. The federal government and Petro-Canada tried to re-inforce this popularity nationwide (but especially in Calgary) through its prominent sponsorship of the city's successful 1988 Winter Olympics bid. The 1988 Winter Olympics, officially known as the XV Olympic Winter Games were a Winter Multi-sport event which was celebrated in Calgary It quickly grew to be one of the largest players in the traditional oil fields of the west as well as in the tar sands and the East coast offshore oil fields.
When the Liberals returned to power in 1980, energy policy was an important focus, and the sweeping National Energy Program was created. The National Energy Program ( NEP) was an energy policy of the Government of Canada. This expanded Petro-Canada, but it was detrimental to Alberta's economy. The PC government of Prime Minister Brian Mulroney (1984-1993) stopped using Petro-Canada as a policy tool, and it began to compete fully and successfully with the private sector companies. The Prime Minister of Canada ( French: Premier ministre du Canada) is the primary Minister of the Crown, chairman of the Cabinet, and thus Martin Brian Mulroney PC CC GOQ (predominantly known as Brian Mulroney) (born March 20, 1939) was the eighteenth
In 1990, the government announced its intention to privatize Petro-Canada and the first shares were sold on the open market in July 1991, at $13 each. The government began to slowly privatize the company, selling its majority control, but keeping a 19% stake in the company. No other shareholder is allowed to own more than 10%, however. Also foreigners cannot control more than 25% of the company.
During the first year, the value of the shares gradually dropped to $8 as Petro-Canada suffered a huge loss of $603 million, primarily because of the devaluation of some assets. The newly-private company significantly reduced the number of properties in which it had a direct interest. It reduced its annual operating costs by $300 million and it went from a staff of close to 11,000 to only about 5,000 employees. Many of these laid off employees went on to work and start up other oil companies in Alberta creating a new group of Canadian producers.
In his 2004 federal budget, Finance Minister Ralph Goodale pledged to sell the government's remaining stake in the company and by the end of the year it had sold its 19% stake, 49 million shares in all, for net proceeds of $3. The Canadian federal budget of 2004 was a budget for the Government of Canada. The Minister of Finance (Ministre des Finances is the Minister of the Crown in the Canadian Cabinet who is responsible each year for presenting the federal government's Ralph Edward Goodale, PC, MP (born October 5, 1949, in Regina Saskatchewan) was Canada 's Minister of Finance 2 billion. [1] As of June 2007, the company's largest shareholders were Capital Research and Management Company (a Capital Group company), with 7. 3%, and Barclays, with 4%. Barclays PLC is a major global financial services provider operating in Europe, North America, the Middle East, Latin America, Australia [2]
2007 Montreal Refinery Conflict :
On November 2007, the 17th, the Montreal Refinery put their 260 unionized employees in lockout.
Products
Petro-Canada is Canada’s second-largest downstream company with refining and supply operations, retail and marketing networks, and a specialty lubricants business. It has a loyalty program called Petro Points where the customers get points for fuel, car repair and store purchases. Loyalty programs are structured marketing efforts that reward and therefore encourage loyal buying behaviour — behaviour which is potentially of benefit to the firm It teamed up with Citibank for a Petro Points MasterCard. Citibank Canada is a unit of Citigroup of New York City. The Canadian unit has been operating since 1954, with Canadian headquarters in MasterCard Worldwide ( is a multinational corporation based in Purchase, New York, USA. One of the benefits is 2 cents off a litre for fuel purchases and Petro Points for all purchases on the card. The litre or liter (see spelling differences) is a unit of Volume. Petro-Canada also runs a chain of car repair with their stations called Certigard Car Repair.
Today, Petro-Canada is Canada's 11th largest company with important interests in such projects as Hibernia, Terra Nova, and White Rose; its gas stations remain a presence in most Canadian cities. Hibernia is the name of a petroleum field located in the North Atlantic Ocean, approximately 315 kilometres east-southeast of St Terra Nova is an Oil field development project 350 kilometres off the coast of Newfoundland. White Rose is an Oil field development project 350 kilometres off the coast of Newfoundland. A filling station, fueling station, gas station, service station, petrol station, or gasbar, Retail Outlet It owns refineries in Edmonton, Alberta (135,000 bpd) and Montreal, Quebec (155,000 bpd), accounting for 16% of the Canadian industry’s total refining capacity. Edmonton (ˈɛdmɨntɨn is the capital of the Canadian province of Alberta. Alberta (ælˈbɝtə is one of Canada's prairie provinces. It became a province on September 1 1905 Montreal, or Montréal in French ( pronounced in French, in English) is the largest city in the Canadian province of Quebec Quebec (kwɨˈbɛk Its lubricants plant in Mississauga, Ontario refines crude oil feedstock to produce lubricating oil-based stocks and other specialized products. Mississauga (ˌmɪsɪˈsɑgə) incorporated in 1974 is a City located in the Regional Municipality of Peel Ontario (ɒnˈtɛrioʊ is a province located in the central part of Canada, the largest by population and second largest after Quebec Petroleum ( L petroleum, from Greek πετρέλαιον, lit
The company has expanded internationally and is involved in several foreign projects, especially in Algeria, the Netherlands, Tunisia, the United Kingdom, Syria, Italy, Libya, Trinidad and Tobago and Venezuela. Algeria ( ar [[Arabic]] الجزائر, Al Jaza'ir ælʤæˈzæːʔir Amazigh: ⴷⵥⴰⵢⴻⵔ Dzayer) officially the People's The Netherlands ( Dutch:, ˈnedərlɑnt is the European part of the Kingdom of the Netherlands, which consists of the Netherlands the Netherlands Tunisia (تونس Tūnis officially the Tunisian Republic ( is a country located in North Africa. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Syria ( سوريّة or) officially the Syrian Arab Republic (Arabic ar الجمهورية العربية السورية Italy (Italia officially the Italian Republic, (Repubblica Italiana is located on the Italian Peninsula in Southern Europe, and on the two largest Libya ( ليبيا ar-Latn Lībiyā; Libyan vernacular: Lībya; Amazigh:) officially the Great Socialist People's Libyan Arab The Republic of Trinidad and Tobago (ˈtrɪnɪdæd ən təˈbeɪgoʊ is an archipelagic state in the southern Caribbean, lying northeast of the South American Venezuela (ˌvɛnəˈzweɪlə) officially the Bolivarian Republic of Venezuela (Spanish República Bolivariana de Venezuela) is a country on the These and all the other sites outside of North America are run by the International Business Unit of Petro-Canada with its headquarters in London Bridge, London. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom.
Its main gasoline additive is Tactrol. Tactrol is Petro-Canada 's trademarked name for an additive used in its Gasolines Petro-Canada claims that Tactrol prevents the build-up of deposits in automobile
In 2006, the company entered the mobile phone market with a prepaid service called Petro-Canada Mobility. Petro-Canada Mobility is a Canadian Mobile Virtual Network Operator created in late 2006 by gasoline firm Petro-Canada as a competitor to other store
Corporate governance
Current members of the board of directors of Petro-Canada are: Ron Brenneman, Angus Bruneau, Gail Cook-Bennett, Richard Currie, Claude Fontaine, Paul Haseldonckx, Thomas Kierans, Brian MacNeill, Maureen McCaw, Paul Melnuk, Guylaine Saucier and James Simpson. Ron A Brenneman is the President and Chief executive officer of Petro-Canada as of December 31 2005 Richard James Currie, OCBScEngMBA LLD PEng was born in 1937 in Saint John New Brunswick, and is a notable Canadian businessman Thomas William Kierans, FCSCE P Eng is an engineer and innovator
See also
- Gas station
- Gasoline
- Petroleum
- List of automotive fuel brands
- OPEC
- List of oil-producing states
- Convenience store
- Petro-Canada Mobility
- Dick Assman
References
External links
A filling station, fueling station, gas station, service station, petrol station, or gasbar, Retail Outlet Petroleum ( L petroleum, from Greek πετρέλαιον, lit This is a list of automotive fuel retail brands (" Petrol " or " Gasoline " " Diesel " etc The Organization of the Petroleum Exporting Countries ( OPEC) is a Cartel of thirteen countries made up of Algeria, Angola, Ecuador This is a list of Countries and their states/provinces that extract Crude oil from Oil wells Africa Algeria ( A convenience store is a small store or shop. They are often located alongside busy roads or at gas/petrol stations. Petro-Canada Mobility is a Canadian Mobile Virtual Network Operator created in late 2006 by gasoline firm Petro-Canada as a competitor to other store Dick Assman (born ca 1934 in Regina Saskatchewan, Canada) is a Saskatchewan Gas station owner whose name propelled him to CelebrityDapyx Software network: MP3 Explorer | Ebook Manager | Zenithic