HAMILTON, BERMUDA -- (MARKET WIRE) -- 02/13/12 -- Teekay Corporation (Teekay or the Company) (NYSE: TK) plans to release its financial results for the fourth quarter and fiscal year 2011 before market open on Thursday, February 23, 2012.

The Company also plans to host a conference call on Thursday, February 23, 2012 at 11:00am (ET) to discuss the results for the fourth quarter and fiscal year 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 9739413.
--  By accessing the webcast, which will be available on Teekay's website
    www.teekay.com (the archive will remain on the website for a period of
    30 days).

A supporting Fourth Quarter and Fiscal Year 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 Thursday, March 1, 2012. 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 9739413.

About Teekay

Teekay Corporation 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 is growing its operations in the offshore oil production, storage and transportation sector through its publicly-listed subsidiary, Teekay Offshore Partners L.P. (NYSE: TOO), continues to expand its significant presence in the liquefied natural gas shipping sector through its publicly-listed subsidiary, Teekay LNG Partners L.P. (NYSE: TGP), and seeks to grow its conventional tanker business through its public subsidiary, Teekay Tankers Ltd. (NYSE: TNK). With a fleet of approximately 150 vessels, offices in 16 countries and approximately 6,400 seagoing and shore-based employees, Teekay transports 10 percent of the world's seaborne oil and its 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".

Contacts:
Teekay Corporation
Kent Alekson
Investor Relations Enquiries
+1 (604) 844-6654
www.teekay.com

Source: Teekay Corporation