Teekay Corporation provides crude oil marine transportation and other marine services globally. The company operates in two segments, Tankers and Marine Services. It owns and operates crude oil and refined product tankers, as well as ship-to-ship support services. Its portfolio also includes tanker commercial management operation services, technical management, and operational and maintenance marine services.
It operates a fleet of 34 double-hull tankers. The company serves energy and utility companies, oil traders, oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation. Founded in 1973 and headquartered in Hamilton, Bermuda, Teekay was formerly known as Teekay Corporation before rebranding in October 2024.
Teekay Corporation provides crude oil marine transportation and other marine services globally. The company operates in two segments: Tankers and Marine Services. It owns and operates crude oil and refined product tankers, as well as ship-to-ship support services. Its portfolio also includes tanker commercial management operations, technical management, and operational and maintenance marine services. Teekay operates a fleet of 34 double-hull tankers. The company serves energy and utility companies, oil traders, oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation.
Where is Teekay Corporation (TK) listed and in which currency?
Teekay Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol TK. Its shares are traded in US Dollars (USD). The company is headquartered in Hamilton, Bermuda, and its primary listing is on the NYSE, which is a major US stock exchange. Investors can buy and sell TK shares in USD, and the company's financial reports are also denominated in US Dollars.
What sector and industry does Teekay Corporation (TK) operate in?
Teekay Corporation operates in the Energy sector, specifically within the Oil & Gas Midstream industry. This means the company is involved in the transportation, storage, and other midstream services related to crude oil and refined petroleum products. Unlike upstream (exploration and production) or downstream (refining and marketing) activities, midstream focuses on the logistics and infrastructure that move oil and gas from production sites to refineries and end users. Teekay's fleet of double-hull tankers and marine services support this critical link in the energy supply chain.
Where is Teekay Corporation (TK) headquartered and what markets does it serve?
Teekay Corporation is headquartered in Hamilton, Bermuda, and was founded in 1973. The company provides crude oil marine transportation and other marine services globally. Its customers include energy and utility companies, oil traders, oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation. While headquartered in Bermuda, Teekay's operations span international waters, serving clients worldwide with its fleet of 34 double-hull tankers and ship-to-ship support services.
How does Teekay Corporation (TK) make money?
Teekay Corporation generates revenue through its two segments: Tankers and Marine Services. The Tankers segment owns and operates crude oil and refined product tankers, earning income from transporting these commodities for customers. The Marine Services segment provides ship-to-ship support services, tanker commercial management operations, technical management, and operational and maintenance marine services. By offering both asset ownership and service-based solutions, Teekay captures value across the marine transportation chain. Its fleet of 34 double-hull tankers and expertise in marine operations allow it to serve a diverse customer base, including energy companies, oil traders, and government agencies.