<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:ns2="http://www.sec.gov/edgar/common">
    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001977201</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0000911971</issuerCik>
            <issuerName>TEEKAY CORPORATION</issuerName>
            <secFileNumber>001-12874</secFileNumber>
            <issuerAddress>
                <ns2:street1>69 Pitts Bay Road</ns2:street1>
                <ns2:city>Hamilton</ns2:city>
                <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                <ns2:zipCode>HM008</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>(441) 298-2530</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>DAVID ALFRED SCHELLENBERG</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Director</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>197715</noOfUnitsSold>
            <aggregateMarketValue>1252323.38</aggregateMarketValue>
            <noOfUnitsOutstanding>87692905</noOfUnitsOutstanding>
            <approxSaleDate>12/20/2024</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>07/03/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>71393</amountOfSecuritiesAcquired>
            <paymentDate>07/03/2023</paymentDate>
            <natureOfPayment>Not Applicable</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>08/17/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>8880</amountOfSecuritiesAcquired>
            <paymentDate>08/17/2023</paymentDate>
            <natureOfPayment>Not Applicable</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>12/20/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Exercise of options under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>117442</amountOfSecuritiesAcquired>
            <paymentDate>12/20/2024</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>12/20/2024</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ David Schellenberg</signature>
        </noticeSignature>
    </formData>
</edgarSubmission>
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144
0001977201
XXXXXXXX
LIVE
0000911971
TEEKAY CORPORATION
001-12874
69 Pitts Bay Road
Hamilton
D0
HM008
(441) 298-2530
DAVID ALFRED SCHELLENBERG
Director
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York
NY
10004
197715
1252323.38
87692905
12/20/2024
NYSE
Common
07/03/2023
Restricted stock vesting under a registered plan
Issuer
N
71393
07/03/2023
Not Applicable
Common
08/17/2023
Restricted stock vesting under a registered plan
Issuer
N
8880
08/17/2023
Not Applicable
Common
12/20/2024
Exercise of options under a registered plan
Issuer
N
117442
12/20/2024
Cash
Y
12/20/2024
/s/ David Schellenberg