Overview

• One of the largest integrated oil and gas companies in Canada, with a growing international presence
• Headquartered in Calgary, Alberta, Canada with nearly 4,800 employees
• Shares trade on the Toronto Stock Exchange under the symbol PCA, and on the New York Stock Exchange under they symbol PCZ.

Highlights

• Upstream production of 451,100 barrels of oil equivalent per day (boe/d) in 2004
• Earnings from operations - € 1.9 billion in 2004
• Cash flow - € 3.7 billion in 2004 
• Planned capital expenditures of more than € 3 billion in 2005
• Upstream production forecast of 415,000 to 430,000 boe/d in 2005.