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Solid Operations and Strong Liquidity Position Petro-Canada Well for Merger with Suncor

CALGARY, ALBERTA--(Marketwire - July 30, 2009) -

Highlights

  • Production in line with guidance due to reliable upstream operations
  • Maintained strong liquidity through a difficult business environment
  • Obtained shareholder, court and Competition Bureau approval for merger with Suncor Energy Inc. (Suncor) to create Canada's premier energy company, effective August 1, 2009

Petro-Canada announced today second quarter operating earnings of $99 million ($0.20/share), down 91% from $1,151 million ($2.38/share) in the second quarter of 2008. Second quarter 2009 cash flow from operating activities before changes in non-cash working capital was $634 million ($1.31/share), down 68% from $1,979 million ($4.09/share) in the same quarter of last year.

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Suncor Energy and Petro-Canada Merger Receives Competition Bureau Approval
CALGARY, Alberta (July 21, 2009) — Suncor Energy Inc. (TSX:SU) (NYSE:SU) and Petro-Canada (TSX:PCA) (NYSE:PCZ) announced today that the Competition Bureau has approved the proposed merger of Suncor and Petro-Canada.
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Petro-Canada Issues Its 2008-2009 Report to Community

CALGARY, ALBERTA--(Marketwire - July 8, 2009) - Petro-Canada today released its 2008-2009 Report to the Community, outlining priorities and performance relative to commitments made in the Company's Principles for Responsible Investment and Operations. This year's Report to the Community includes articles on Petro-Canada's commitment to the community as well as the company's focus and approach to process safety.

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Suncor Energy, Petro-Canada Mail Letters of Transmittal and Election Forms to Registered Shareholders

CALGARY, ALBERTA--(Marketwire - July 2, 2009) - Suncor Energy Inc. ("Suncor") and Petro-Canada ("Petro-Canada") announce the mailing today to their registered shareholders of the letters of transmittal and election forms and the related instructions for the proposed merger of Suncor Energy Inc. and Petro-Canada.

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Petro-Canada Shareholders Approve Merger With Suncor Energy Inc.

CALGARY, ALBERTA--(Marketwire - June 4, 2009) - Petro-Canada today held its annual general and special meeting of shareholders in Calgary. At the meeting, shareholders passed the following resolutions:

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Petro-Canada Annual General and Special Meeting

CALGARY, ALBERTA--(Marketwire - June 2, 2009) - Petro-Canada shareholders and media are invited to attend Petro-Canada's annual general and special meeting on Thursday, June 4 at 9:00 a.m. MDT in the Wildrose Ballroom at the Sheraton Suites Eau Claire at 255 Barclay Parade S.W., Calgary, Alberta. The annual meeting of Petro-Canada has been combined with a special meeting to consider the amalgamation by way of an arrangement of Petro-Canada and Suncor.

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Recession Impacts Participants at Calgary's Fifth Project Homeless Connect

CALGARY, ALBERTA--(Marketwire - May 23, 2009) - Like a growing number of Calgarians, Marcel lost his job due to the recession and is now homeless for the first time. Thanks to today's Project Homeless Connect (PHC), Marcel was able to access several services in one location and get help to get on his feet again.

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Suncor Energy Inc. and Petro-Canada File Joint Information Circular and Proxy Statement
Calgary, Alberta (May 1, 2009) — Suncor Energy Inc. and Petro-Canada today reported that each company has filed the Joint Information Circular ...
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Petro-Canada Maintains Strong Liquidity Through a Difficult First Quarter Business Environment

CALGARY, ALBERTA--(Marketwire - April 28, 2009) -

Highlights

  • Reliable upstream operations and production of 410,000 barrels of oil equivalent/day (boe/d), in line with guidance
  • Advanced the three major growth projects previously sanctioned by the Company
  • Reduced planned 2009 capital expenditures by $600 million to $3.4 billion
  • Announced planned merger with Suncor Energy Inc. to create Canada's premier energy company

Petro-Canada announced today first quarter operating earnings of $111 million ($0.23/share), down 88% from $899 million ($1.86/share) in the first quarter of 2008. First quarter 2009 cash flow from operating activities before changes in non-cash working capital was $702 million ($1.45/share), down 62% from $1,852 million ($3.83/share) in the same quarter of last year.

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Petro-Canada Declares Quarterly Dividend

CALGARY, ALBERTA--(Marketwire - April 27, 2009) - Petro-Canada announces a quarterly dividend of $0.20 per share on the outstanding common shares of the Company, payable on July 1, 2009 to shareholders of record at the close of business on June 3, 2009.

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