Petro-Canada

Petro-Canada
Company typeSubsidiary
IndustryPetroleum
Founded30 July 1975 (1975-07-30)
Defunct1 August 2009 (2009-08-01)
FateAcquired by Suncor
HeadquartersPetro-Canada Centre,
ParentSuncor Energy
Websitewww.petro-canada.ca

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). 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.