Petro-Canada Declares Quarterly Dividend

The Board of Directors of Petro-Canada at a meeting held on the 27th day of April, 2004, declared a quarterly dividend of $0.15 per share on the outstanding common shares of the Corporation, payable on the 1st day of July, 2004 to shareholders of record at the close of business on the 3rd day of June, 2004.

Petro-Canada is one of Canada's largest oil and gas companies, operating in both the upstream and the downstream sectors of the industry in Canada and internationally. Its common shares trade on the TSX under the symbol PCA, and on the New York Stock Exchange under the symbol PCZ.