Petro-Canada Reports Another Strong Quarter

Petro-Canada says third quarter operating earnings from continuing operations adjusted for unusual items of $630 million ($1.29/share), compared with $564 million ($1.13/share) in the third quarter of 2006. Third quarter 2007 cash flow from continuing operating activities before changes in non-cash working capital was $1,229 million ($2.52/share), compared with $1,085 million ($2.17/share) in the same quarter of last year.

Net earnings from continuing operations were $776 million ($1.59/share) in the third quarter of 2007, compared with $678 million ($1.36/share) in the same period of 2006. Net earnings include unrealized gains or losses on derivative contracts, and gains or losses on foreign currency translation and disposal of assets.

"The third quarter was another strong quarter for Petro-Canada, and this is shaping up to be a good year for us," said Ron Brenneman, president and CEO.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Regional Sales Executive
Expertise: Business Development|Sales
Location: Jacksonville, FL
 
Senior Budget Analyst Job
Expertise: Accounting|Budget / Cost Control|Financial Analyst
Location: Denver, CO
 
Outside Sales Representative
Expertise: Business Development|Sales
Location: Tulsa, OK
 
search for more jobs

Brent Crude Oil : $49.3/BBL 0.80%
Light Crude Oil : $46.79/BBL 0.70%
Natural Gas : $3.04/MMBtu 0.97%
Updated in last 24 hours