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Company type | Subsidiary |
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Industry | Oil and gas industry |
Founded | Ottawa, Ontario (1975) |
Successor | Suncor Energy |
Headquarters | , Canada |
Key people | Steven Williams, President & CEO |
Production output | Oil, natural gas, petrochemicals |
Revenue | C$76.911 billion (2022) |
Number of employees | 4,514 (2008)[1] |
Parent | Suncor Energy |
Website | www |
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 and Petro-Canada shareholders receiving approximately 40 percent. The company retained the Suncor Energy name for the merged corporation and its upstream operations. It continues to use the Petro-Canada name nationwide.