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49-407: In 1982, BP sold its refining and marketing assets for $ 577 million to the crown corporation Petro-Canada . The remaining upstream operations were organised into an exploration and production company. The company struggled for much of the 1980s, and by the early 1990s the parent looked to sell off its stake. In June 1992, British Petroleum sold its 57 percent stake in the company, and on 1 January 1993,

98-427: A 19% stake in the company. No other shareholder was allowed to own more than 10%, however. Also, foreigners could not 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 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

147-713: A company with a combined market capitalization of C$ 43.3 billion. Suncor planned to rebrand its existing Sunoco -branded retail operations in Ontario under the Petro-Canada name following the completion of the acquisition. The sale was approved by shareholders in June 2009, and completed on August 1, 2009. As a condition of the purchase, Suncor was required to divest some of its retail outlets. In December 2009, 98 Suncor-owned gas stations in Ontario (68 Sunoco and 30 Petro-Canada) were sold to Husky Energy . As of 2008, Petro-Canada

196-521: 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. But many did not work in other oil companies and some left Alberta to find work elsewhere. In his 2004 federal budget , Finance Minister Ralph Goodale pledged to sell

245-422: A flat conveyor belt rather than the roller-based systems traditionally used. In May 2023, Suncor announced an agreement with Canadian Tire Corporation to convert its over 200 Canadian Tire Gas+ locations to Petro-Canada. This will include integration of Petro Points with Canadian Tire's Triangle Rewards program. Robert MacLaren Fowler Robert MacLaren Fowler OC (7 December 1906 – 13 July 1980)

294-628: A group of officials led by Peter Cox from D'Arcy Exploration, a subsidiary company, arrived in Edmonton to meet with N. Eldon Tanner , the Alberta government's Minister of Mines and Minerals. A year later, in October 1953, Anglo-Iranian announced its intention to invest, via D'Arcy Exploration, $ 5 million in a 23 percent stake of the Calgary-based Triad Oil Company. The terms of the purchase also included an option to acquire 50 percent or more of

343-606: A holding company called the British Petroleum Company of Canada Limited was incorporated. All of BP's Canadian assets, including D'Arcy Exploration's 50 percent stake in Triad Oil, were transferred to it. On 8 October 1958, BP Refinery Canada Limited was incorporated to manage the Montreal refinery that was under construction. H. L. Ray was sent from London to act as the new company's general manager. BP Canada's first president

392-782: A lubricants plant in Mississauga , Ontario , but Suncor sold the unit to HollyFrontier in late 2016. At one time, the company had international operations in Algeria , the Netherlands , Tunisia , the United Kingdom , Syria , Italy , Libya , Trinidad and Tobago , Venezuela , Morocco and Norway . These sites outside of North America were run by the International and Offshore Business Unit of Petro-Canada with its headquarters in London . This

441-409: A name change for the former subsidiary. A competition was held to choose name. The winning entry was that of Janet Pritchard, a petroleum engineering clerk, who came up with "Talisman Energy." On 1 January 1993, the new name came into being and BP Canada ceased to exist. Claydon and Buckee stayed on as chairman and president, however, Claydon stepped down in early 1993. Over the next two decades, Talisman

490-612: A policy tool (also abandoning the National Energy Program with it), and it began to compete fully and successfully with the private sector companies while abandoning its founding principles of economic nationalism . In 1990, the Mulroney 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 sell its majority control, but kept

539-466: A pre-paid wireless carrier known as Petro-Canada Mobility. It is a mobile virtual network operator (MVNO) on the Rogers Wireless network. Petro Points is the chain's loyalty program . Petro-Canada previously offered a co-branded Petro Points MasterCard in partnership with Citibank Canada . In June 2010, CIBC announced its intent to acquire Citibank's Canadian MasterCard portfolio, including

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588-613: A symbol of Canadian nationalism . It quickly grew to become one of the largest players in the traditional oil fields of the west as well as in the oil 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. This expanded Petro-Canada, but was seen as detrimental to Alberta's economy. The PC government of Prime Minister Brian Mulroney (1984–1993) stopped using Petro-Canada as

637-471: 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

686-598: The Deepwater Horizon oil spill . It sold its natural gas business in Alberta and British Columbia to Apache Corporation in July 2010 and its Canadian natural gas liquids business to a subsidiary of Plains All American Pipeline in December 2011. The company operates primarily in Alberta, the Northwest Territories , and Nova Scotia . As of 2012, BP Canada has approximately 450 employees. It purchases crude oil for

735-729: The Second World War , Fowler was Secretary of the Wartime Prices and Trade Board from 1942 to 1945, when he resigned to become President of the Canadian Pulp and Paper Association , a post he would hold until 1976. A Liberal supporter, he was appointed to chair the Royal Commission on Broadcasting in 1955. In 1957, the Commission recommended the creation of a national regulator for all broadcasting, public and private. The recommendation

784-731: The Trans-Canada Highway . As early as the mid-1990s in some Alberta locations, Petro-Canada started opening a new fast-food deli-oriented branded convenience store called Neighbours. Most of these stores are in the GTA. The kitchen provided freshly made sandwiches as well as breakfast and burgers heated from frozen, and in most cases was open from early morning till 9 or 10 in the evening. As of 2013, many of these Neighbours stores have had their kitchens' afternoon and dinner hours drastically slashed and some have been permanently closed and are being rebranded to A&W. In 2006, Petro-Canada launched

833-559: The American market, and as a result little of the benefit of rising oil prices went to Canadians. During debates in the Canadian House of Commons, for example, Tommy Douglas supported the new Crown Corporation by saying: "It should be remembered that the people of Canada have paid billions of dollars to enlarge and enrich foreign oil companies, and only now, belatedly, are we setting up an economic vehicle to develop our petroleum resources for

882-459: The Oakville Refinery, and $ 180 million of oil stored in the refinery. To execute the deal, BP Canada was reorganised into two parts. Downstream assets were consolidated into a company called BP Refining and Marketing Limited, which Petro-Canada purchased for $ 16.10 a share. Upstream assets were consolidated in a company called BP Resources Canada Limited, which would continue. On 1 February 1983

931-640: The Supreme Court of Ontario approved the deal, and the purchase was finalised on 11 March. BP Canada had thus become an independent exploration and production company. The head offices in Toronto were closed and the executive functions moved to BP House in Calgary, which had been the home of the company's western operations. Following the sale, Hanbidge retired on 1 May and was replaced as president by Maurice Anthony Kirkby (1929–). In 1984, Donald Southam Harvie (1924–2001),

980-582: The acquisition, BP Canada Limited (the holding company) exchanged all shares of its subsidiary companies for an 83.7 percent stake in Supertest, which was held by Corlon Investments Limited. Supertest was then renamed BP Canada Limited, while the holding company became BP Canadian Holdings Limited. BP Holdings then increased its stake in BP Canada (or Supertest) to 97.8 percent at a share price of $ 16.50. In 1970, BP Canada held rights to 26.7 million acres, up from 19.3

1029-656: The aftermath of the nationalization of the Iranian oil industry in 1951. As a result of a bill passed in March of the year, the Anglo-Iranian Oil Company – British Petroleum's predecessor – was forced to sell its assets in Iran to the government. The sale of Anglo-Iranian's assets in Iran gave the company a large amount of money to invest in new markets. Anglo-Iranian made its first fact-finding mission to Canada in 1952. On 20 August,

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1078-625: The benefit of Canadians." Trudeau's Liberals were then in a minority government and dependent upon the support of the NDP to stay in power. The idea also fit with the growing movement toward economic nationalism within the Liberals. The Liberals and NDP passed the bill over the opposition of the Progressive Conservative Party led by Robert Stanfield . Petro-Canada was founded as a Crown Corporation in 1975 by an act of Parliament. It started its operations on 1 January 1976. The company

1127-442: The chairmanship upon Harvie's retirement. BP Canada's final president was Dr James William Buckee (1946–), who was appointed in 1991. Between 1990 and 1992, BP Canada cut its staff in half to 380. In 1991, British Petroleum was suffering from mounting debt and losses. In 1992 it announced its intention to sell its 57 percent stake in BP Canada for $ 374 million. The sale was completed in June of that year and, subsequently, necessitated

1176-403: The co-branded Petro-Canada cards. Petro Points currently offers bonuses for RBC clients. Around 220 Petro-Canada outlets include a "SuperWash" car wash ; the majority of these operations use soft touch systems, but some (particularly those that were formerly Sunoco stations) feature touchless equipment instead. Some newer locations feature a "Glide Auto Wash"—a soft touch tunnel that utilizes

1225-560: The company before the end of 1955; it executed this option in late 1954. Anglo-Iranian was also granted two seats on the Triad board and began supplying the company with technical staff. By the spring of 1955, Anglo-Iranian's investment in Triad was around $ 19.5 million. On 16 December 1954, the Anglo-Iranian Oil Company changed its name to British Petroleum. The British Petroleum name entered Canada on 15 June 1955, when it incorporated

1274-483: The company completed a 40,000 barrels-per-day expansion of the Oakville Refinery and completed the takeover of British Columbia Oil Sands Limited. That same year, the company sold 1,200 of its 3,000 retail outlets in Ontario and Quebec. Also in 1975, BP Canada began offshore exploration in Newfoundland . In the face of the 1979 oil crisis , that year, BP Canada posted profits of 63.1 million, an increase of 93 percent from

1323-675: The company's refineries in the US, has oil sands holdings in Alberta and four offshore blocks in the Beaufort Sea and Nova Scotia. The company's oil sands leases include joint ventures with Husky Energy in the Sunrise Energy Project (50%), and Devon Energy in Pike, and a partnership with Value Creation Inc. in the development of the Terre de Grace oil sands lease. The Sunrise oil sands project entered

1372-1020: The development phase in 2012. As of 2012, the Pike project, was in the regulatory approval phase, and the Terre de Grace project was in the resource appraisal phase. Holdings incorporated 26 March 1957: British Petroleum Company of Canada Limited renamed in 1969: BP Canada (1969) Limited renamed in 1970: BP Canada Limited renamed in 1971: BP Canadian Holdings Limited BP Canadian Holdings Limited – dissolved in 1982 BP Canada Inc. – reorganised in 1982 into: Sir Alastair F. Down MC OBE , 1957–1962 R. Norman Tottenham-Smith, 1962–1966 Derek F. Mitchell, 1966–1977 R. Walter Hanbidge, 1977–1983 M. Anthony Kirkby, 1983–1988 David A. Claydon, 1988–1991 Dr James W. Buckee, 1991–1992 Graham F. Towers CMG , 1957–1969 Robert M. Fowler , 1969–1977 Derek F. Mitchell, 1977–1981 Robert W. Adam, 1981–1982 Roy F. Bennett, 1982–1984 Donald S. Harvie, 1984–1991 David A. Claydon, 1991–1992 Petro-Canada Petro-Canada (colloquially known as Petro-Can )

1421-615: The divestment of its natural gas and natural gas liquids businesses, current BP operations in Canada focus on oil sands , including joint ventures with companies including Husky Energy and Devon Energy . It has activities in Alberta , the Northwest Territories , and offshore in Nova Scotia and the Canadian Beaufort Sea , and as of 2012 employed more than 450 employees. In 1998–2000,

1470-636: The establishment of Petro-Canada, the federal government transferred its 45% stake in Panarctic Oils Ltd. and its 12% stake in Syncrude to the newly established company. In 1976, Petro-Canada purchased Atlantic Richfield Canada , in 1978 Pacific Petroleums , and in 1981 the Canadian operations of Petrofina . Most of the original Petro-Canada refineries and service stations were acquired from BP Canada in 1983. The company became popular outside of Alberta as

1519-486: The first Governor of the Bank of Canada , and had left that position in 1954. In 1966, Tottenham-Smith stepped down as president. The board appointed Derek Fenton Mitchell (1918–1981) as his replacement. The company's first offices were established at 550 Sherbrooke Street West. In 1962 it relocated to the new Standard Life Building at 1245 Sherbrooke Street West. BP Canada made its largest purchase to date in 1964, when it acquired

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1568-433: The government's remaining stake in the company; by the end of the year it had sold its 19% stake, 49 million shares in all, for net proceeds of $ 3.2 billion. 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%. On March 23, 2009, Suncor Energy announced its intent to acquire Petro-Canada, which would form

1617-599: The merged corporation and its upstream operations. It continues to use the Petro-Canada name nationwide. In 1973, world oil prices quadrupled due to the Arab oil embargo following the Yom Kippur War . The province of Alberta had substantial oil reserves , whose extraction had long been controlled by American corporations. The government of Prime Minister Pierre Trudeau and the opposition New Democratic Party felt that these corporations geared most of their production to

1666-574: The newly independent company was renamed Talisman Energy . British Petroleum was absent from Canada from 1992 until its merger with Amoco in late 1998, at which time the Amoco Canada Petroleum Company became part of the BP group. Amoco Canada was renamed BP Canada Energy in August 2000, however, this company is unrelated to the original BP Canada. British Petroleum's activities in Canada began in

1715-427: The operations of Amoco , ARCO and Castrol were amalgamated. Into the 2000s, BP Canada operated primarily as a producer of natural gas and employed more than 2000 employees. The company partnered with Imperial Oil beginning in 2010, to carry out exploration of two of its offshore oil and gas blocks in the Beaufort Sea . During 2010 and 2011, BP Canada sold its natural gas operations as part of divestments following

1764-557: The previous year. In 1977, Fowler stepped down as chairman and was replaced by Mitchell. The board appointed Robert Walter Dawson Hanbidge (1925–2002) as the new president. In 1980, the year of the Quebec independence referendum , the company announced that it would relocated its offices from Montreal to Toronto. Its new headquarters were established in First Canadian Place . On 29 October 1981, Mitchell died unexpectedly. His replacement

1813-507: The previous year. Its recent growth included significant holdings in the arctic. In 1971, the company drilled wells on Prince Patrick Island and Graham Island as part of the Panarctic Oils consortium. In 1972, oil and gas production was 22,132 barrels-per-day, up from 18,582 the previous year. The 1973 oil crisis instigated by OPEC created havoc in global oil markets, however, in 1974 BP Canada increased its profits by 82 percent. In 1975

1862-498: The refining and marketing assets of Canada-Cities Service Limited for $ 50 million. The purchase included 750 gas stations, 75 bulk plants, and the Oakville Refinery , which had been built in 1958. In 1969 Towers retired as chairman and the board elected Robert MacLaren Fowler (1906–1980) as his replacement. That same year, the company underwent a restructuring. The holding company, the British Petroleum Company of Canada Limited,

1911-517: The same time, BP Canada contracted Christian Dior to design the uniforms for its female service station attendants. However, after Dior's death in October 1957, it had to find a new designer. In April 1958, the company announced its entry into the Ontario market with the purchase of six retail stations in the Ottawa area. By the end of 1958, BP Canada had around 400 stations in Quebec and 100 in Ontario. In 1957,

1960-427: The son of Eric Harvie , was elected chairman. On 27 April 1984, BP Resources Canada changed its name to BP Canada Inc., the name of the company prior to the Petro-Canada sale. BP Canada's performance fluctuated through the 1980s. In 1987 its profits were a record $ 44.6 million, yet, the following year they decreased to $ 10.3 million. David A. Claydon replaced Kirkby as president in 1988, but stepped down in 1991 to assume

2009-518: The subsidiary BP Canada Limited under a federal charter. By early 1957 the company had begun operations. In February of that year, BP Canada announced a $ 60 million plan to construct a 30,000 barrels-per-day refinery in Montreal and develop a chain of retail outlets in Quebec and Ontario. In March, the company acquired its first 50 service stations in Quebec from the Lake St John Distributing Company and converted them to BP branding. At

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2058-464: Was Sir Alastair Frederick Down MC OBE (1914–2004), who had begun working for Anglo-Iranian in 1938. Down remained at the helm until he was recalled to London in 1962 to serve as BP's managing director. His successor as president was Ralph Norman Tottenham-Smith, the son of British diplomat Ralph Henry Tottenham-Smith. In April 1957, Graham Ford Towers CMG (1897–1975) was invited to become BP Canada's first chairman. Towers had previously served as

2107-520: Was Canada's 11th largest company and the second-largest downstream company, with important interests in such projects as Hibernia , Terra Nova , and White Rose ; its gas stations remained a presence in most Canadian cities. It owned refineries in Edmonton , Alberta (135,000 bpd) and Montreal , Quebec (160,000 bpd), accounting for 16% of the Canadian industry's total refining capacity. All these facilities are currently run by Suncor. Petro-Canada had

2156-461: Was Robert Wilson Adam (1923–1993), the deputy chairman of British Petroleum. In October 1982, rumors began to circulate about the possibility of Petro-Canada or the Caisse de dépôt et placement du Québec purchasing BP Canada. By the beginning of November, BP reached an agreement to sell all its downstream assets to Petro-Canada for $ 577 million. This included 1,640 retail stations in Ontario and Quebec,

2205-684: Was a Canadian lawyer, best remember for chairing the Royal Commission on Broadcasting of 1955–57, whose conclusions, though not adopted at the time, eventually led to the creation of the Canadian Radio-Television Commission . Born in Peterborough , Ontario , Fowler was educated at the University of Toronto and Osgoode Hall , before practising law in Toronto. He served on the staff of the Rowell–Sirois Commission . During

2254-456: Was a highly successful company. At the end of 2015 it was purchased by Repsol and renamed Repsol Oil and Gas Canada. After six years of absence, British Petroleum returned to Canada when on 31 December 1998 it completed its $ 53 billion merger with Amoco . The merger gave BP control of the Amoco Canada Petroleum Company, which had been in existence since 1969. In August 2000, Amoco Canada was renamed BP Canada Energy Company. As of 2012, following

2303-461: Was given C$ 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 existing oil firms. Its first president was Maurice Strong . The Progressive Conservatives (PCs), then led by Albertan Joe Clark , were opponents of the company, and advocated breaking it up and selling it. However, they were unable to proceed with these plans during their brief time in power in 1979–80. With

2352-614: Was renamed BP Canada (1969) Limited. The marketing arm, BP Canada Limited, was renamed BP Oil Limited, and BP Refinery Canada Limited was placed under it as a subsidiary. Triad Oil Company, of which BP Canada now had a 65.9 percent stake, was renamed BP Oil and Gas Limited. The August 1969 discovery of the Prudhoe Bay Oil Field inspired British Petroleum to increase its investments in North America. In August 1971, BP Canada made an offer to purchase Supertest Petroleum . To undertake

2401-504: Was the largest business unit, and much of its assets were part of the former Veba Oel company based in Essen , Germany . In January 2019, Petro-Canada installed electric vehicle charging stations at one of their gas stations in Milton, Ontario , making it the company's first EV chargers. The following month, Suncor announced that it would develop a national network of charging stations serving

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