CoverIndex

Oil, Gas, Pipelines

Texaco Canada

3 pictures · 1976–1985

Founded
1927 as McColl-Frontenac (McColl Brothers and Frontenac Oil Refineries); later Texaco Canada
Head office then
Toronto, Ontario

Texaco Canada produced, refined, and marketed petroleum under the Texaco name. The line runs through McColl-Frontenac, the 1927 combination of McColl Brothers and Frontenac Oil Refineries. Texaco of the United States held the Canadian company. By the late 1980s it was described as the fourth-largest oil company in Canada.

It was a full Canadian refiner and marketer with a national retail chain.

Why it mattered

It was a full Canadian refiner and marketer, with a national retail chain. The 1989 sale to Imperial was then one of the largest Canadian oil takeovers and was reviewed under the Competition Act.

Now

Imperial Oil bought Texaco's 78 percent in February 1989 and then the minority. Competition review forced sales of stations, terminals, and a refinery. Stations Imperial kept became Esso. Imperial still operates.

Sold (1989) · Now: Imperial Oil Limited (McColl-Frontenac Petroleum Inc. as the immediate renamed remnant)

Still open

  • Which refinery competition authorities forced Imperial to sell is not named in the UPI/LA Times pieces used here.
  • Company-histories.com gives a C$4.96 billion figure for the whole deal; UPI gives US$3.24 billion for Texaco's 78 percent. Both describe the same 1989 transaction.
The tanker Texaco Brave underway, black hull, red boot-top, white house and a white wake.

Texaco Canada · 1976

The tanker Texaco Brave underway, black hull, red boot-top, white house and a white wake.

the picture

Cover grid: a bush drill rig, a refinery, an aerial tanker, a self-serve station, and a red Texaco Freightliner tanker truck in snow.

Texaco Canada · 1981

Cover grid: a bush drill rig, a refinery, an aerial tanker, a self-serve station, and a red Texaco Freightliner tanker truck in snow.

the picture

A 3-D wireframe of subsurface geology, two derrick icons linked down to highlighted peaks, on black.

Texaco Canada · 1985

A 3-D wireframe of subsurface geology, two derrick icons linked down to highlighted peaks, on black.

the picture

Sources

The pictures

References

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