Teekay Announces First Quarter 2011 Earnings Results Conference Call

HAMILTON, BERMUDA--(Marketwire - May 2, 2011) - Teekay Corporation (Teekay or the Company) (NYSE:TK) plans to release its financial results for the first quarter of 2011 before market open on Thursday, May 12, 2011.

The Company also plans to host a conference call on Thursday, May 12 at 11:00am (ET) to discuss the results for the first quarter of 2011. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options:

• By dialing (866) 322-8032 or (416) 640-3406, if outside North America, and quoting conference ID code 3037716.
• By accessing the webcast, which will be available on Teekay's Web Site www.teekay.com (the archive will remain on the Web site for a period of 30 days).

A supporting First Quarter 2011 Earnings Results Presentation will also be available at www.teekay.com in advance of the conference call start time.

In addition to the webcast archive, the conference call with be recorded and available until Friday, May 20, 2011. This recording can be accessed following the live call by dialing (888) 203-1112 or (647) 436-0148, if outside North America, and entering access code 3037716.

About Teekay Corporation

Teekay Corporation transports more than 10 percent of the world's seaborne oil, has built a significant presence in the liquefied natural gas shipping sector through its publicly-listed subsidiary, Teekay LNG Partners L.P., is further growing its operations in the offshore oil production, storage and transportation sector through its publicly-listed subsidiary, Teekay Offshore Partners L.P., and continues to expand its conventional tanker business through its publicly-listed subsidiary, Teekay Tankers Ltd. With a fleet of approximately 150 vessels, offices in 16 countries and over 6,100 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world's leading oil and gas companies, helping them seamlessly link their upstream energy production to their downstream processing operations. Teekay's reputation for safety, quality and innovation has earned it a position with its customers as The Marine Midstream Company.

Teekay's common stock is listed on the New York Stock Exchange where it trades under the symbol "TK".