With assets exceeding CAN$6 billion, Petro-Canada is the leading oil and gas company owned by Canadian interests. The company is divided into two main sectors: the upstream sector which is involved with oil exploration, the production & commercialization of crude oil, natural gas and natural gas liquids; and the downstream sector involved with activities pertaining to refining of crude oil as well as the marketing and distribution of petroleum products.

Petro-Canada has also developed a unique structure to serve the oil heating industry.  In fact, instead of buying up businesses as its competitors, Petro-Canada has helped the growth of these businesses by owning minority interests in them.  Many associated Partners therefore remain majority owners well established in their trading areas and who primarily have the interests of their respective regions at heart.  They are people from the region serving the people of the region.