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Petro Canada
Petro-Canada
is a major Canadian oil and gas company with a market capitalization at
year-end 2000 of about $9.7 billion and a strong reputation for
environmental stewardship and corporate responsibility. With a portfolio
of businesses that span the Upstream and Downstream sectors, Petro-Canada
is a leader in the Canadian petroleum industry. In the Upstream, Petro-Canada
explores for, develops, produces and markets crude oil, natural gas and
associated liquids. In the Downstream, Petro-Canada refines, distributes
and markets petroleum products and related goods and services.
Our
four core businesses are:
 | Oil
exploration, development and production offshore Newfoundland;
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| Oil
sands production and development in northern Alberta;
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| Natural
gas exploration and production in western Canada;
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| Refining
and marketing of petroleum products, including lubricants.
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On July 30, 2000 Petro-Canada
celebrated its silver anniversary. In the year 2001 Petro-Canada
announced record earnings ($893 million) and cash flow ($1.8 billion)
for 2000. Drilling began on the first natural gas exploration well in
the Mackenzie Delta in more than a decade.
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