On Aug. 1, 2009, Suncor and Petro Canada merged, creating Canada’s leading energy company. At Suncor, our purpose is to provide trusted energy that enhances people’s lives, while caring for each other and the earth. Our values guide us in fulfilling our purpose and represent who we are, and who we aspire to be.
Is Petro-Canada owned by Suncor?
Proudly owned by Suncor, Petro‑Canada™, has a network of more than 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options.
Who bought out Petro-Canada?
Suncor
Integrated energy company Suncor acquired Petro-Canada in 2009. Petro-Canada’s operations include oil sands development, onshore and offshore oil and gas production, petroleum refining and petroleum product marketing, with more than 1,500 retail outlets and 300 Petro-Pass wholesale locations in Canada.
How much did Suncor buy Petro-Canada for?
about $15 billion
Petro-Canada shareholders will receive 1.28 common shares of the expanded company for each share of Petro-Canada, while Suncor shareholders will receive new shares on a one-for-one basis. The deal values Petro-Canada at about $15 billion, and Suncor shareholders will hold 60 percent of the new company.
Is Petro-Canada being sold?
Suncor Energy Inc. has decided to keep its Petro-Canada retail business, the company announced Tuesday, after a comprehensive review concluded Suncor was unlikely to receive the price it wanted for the chain.
Who is Suncor owned by?
Originally developed by Great Canadian Oil Sands, a majority-owned subsidiary of Sun Oil, it is now wholly owned by the independent Suncor.
What happened to Petro-Canada?
We merged with Suncor to form Canada’s leading integrated energy company. As a result, Sunoco locations became Petro‑Canada locations.
When was Petro-Canada sold to Suncor?
2009
Suncor acquired Petro-Canada in 2009. Petro-Canada’s operations include oil sands development, onshore and offshore oil and gas production, petroleum refining and petroleum product marketing, with more than 1,500 retail outlets and 300 Petro-Pass wholesale locations in Canada.
Who owns Esso in Canada?
Esso is a trademark of Imperial Oil Limited. Imperial Oil, licensee. Mobil is a trademark of Exxon Mobil Corporation or one of its subsidiaries.
What party sold Petro-Canada?
Moreover, from its first day of operations, Petro-Canada was the target of a campaign by right-wing oilmen and the federal Conservative Party – then led by Joe CLARK – to disband the company.
Why is Suncor selling Petro-Canada?
Suncor Energy (SU) (TSE: SU) has reached an agreement with Elliott Investment Management that includes the potential sale of Suncor’s retail operations. Indeed, the activist firm believes that the potential sale of Petro-Canada gas stations may be a key to unlocking shareholder value.
Who is the largest shareholder of Suncor?
Top 10 Owners of Suncor Energy Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| 1832 Asset Management LP | 3.21% | 43,795,228 |
| RBC Global Asset Management, Inc. | 3.13% | 42,665,687 |
| Dodge & Cox | 3.09% | 42,171,854 |
| Sanders Capital LLC | 2.50% | 34,070,358 |
Is Petro-Canada still government owned?
Petro-Canada is a retail and wholesale marketing brand subsidiary of Suncor Energy. Until 1991, it was a federal Crown corporation (a state-owned enterprise).
Petro-Canada.
| Type | Subsidiary |
|---|---|
| Production output | Oil, natural gas, petrochemicals |
| Revenue | C$18.911 billion (2006) |
| Number of employees | 4,514 (2008) |
| Parent | Suncor Energy |
Is Petro-Canada owned by China?
PetroChina Canada is a wholly owned subsidiary of PetroChina Company Limited (PetroChina). PetroChina has been publicly listed on the NYSE and HKSE since 2000. CNPC is China’s largest oil company and the world’s third largest oil company, operating 91 energy-related projects in over 35 countries and regions.
Who is buying oil from Canada?
Canada produces more oil and natural gas than we need to meet energy demand within our country, so the remainder is exported. Essentially all of Canada’s oil and natural gas exports go to one customer: the United States.
Who is Petro Mart owned by?
Alta Convenience
About Petro-Mart
It has 46 convenience store locations. On December 15th, 2021, Petro-Mart was acquired by Alta Convenience.
Who owns most of Canada’s oil?
As noted earlier, Canada’s fossil fuel industry is dominated by a handful of major players. The network map (next page) shows the ownership relationships for the eight largest companies: Enbridge, Suncor, Canadian Natural Resources Limited, Cenovus, Teck Resources, Encana, TransCanada Corporation and Pembina Pipeline.
Who is the biggest oil company in Canada?
CNRL, which has its headquarters in Calgary, Alberta, is Canada’s largest oil producer.
Does Warren Buffett still own Suncor?
Two Canadian names were among those that Buffett sold – Suncor Energy, in which he trimmed positions, and Barrick Gold, which he exited. After the 2018 acquisition of Randgold, Barrick Gold holds a large portfolio of mines, with more than 10 mines individually producing 200,000 ounces or more.
How many gas stations does Suncor own?
Suncor is the proud owner of Petro‑Canada
We’ve got over 1,500 locations across Canada.
Where does Petro-Canada get its oil from?
Canada’s gasoline supply chain begins with oil extraction and processing. Most of Canada’s domestic oil production happens in the Western Canada Sedimentary Basin (WCSB). Refineries located in, or near, the WCSB refine local domestic oil.