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        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001976945</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
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        <issuerInfo>
            <issuerCik>0000911971</issuerCik>
            <issuerName>TEEKAY CORPORATION</issuerName>
            <secFileNumber>001-12874</secFileNumber>
            <issuerAddress>
                <ns2:street1>Belvedere Building</ns2:street1>
                <ns2:street2>69 Pitts Bay Road</ns2:street2>
                <ns2:city>Hamilton</ns2:city>
                <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                <ns2:zipCode>HM 08</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>(441) 298-2530</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>KENNETH HVID</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</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>38th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>7752</noOfUnitsSold>
            <aggregateMarketValue>52713.60</aggregateMarketValue>
            <noOfUnitsOutstanding>91374909</noOfUnitsOutstanding>
            <approxSaleDate>08/21/2023</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>03/08/2012</acquiredDate>
            <natureOfAcquisitionTransaction>Shares Purchased through Employee Stock Purchase Plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>7752</amountOfSecuritiesAcquired>
            <paymentDate>03/08/2012</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KENNETH HVID</name>
                <address>
                    <ns2:street1>Belvedere Building</ns2:street1>
                    <ns2:street2>69 Pitts Bay Road</ns2:street2>
                    <ns2:city>Hamilton</ns2:city>
                    <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                    <ns2:zipCode>HM 08</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/18/2023</saleDate>
            <amountOfSecuritiesSold>47856</amountOfSecuritiesSold>
            <grossProceeds>325420.80</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KENNETH HVID</name>
                <address>
                    <ns2:street1>Belvedere Building</ns2:street1>
                    <ns2:street2>69 Pitts Bay Road</ns2:street2>
                    <ns2:city>Hamilton</ns2:city>
                    <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                    <ns2:zipCode>HM 08</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/10/2023</saleDate>
            <amountOfSecuritiesSold>24825</amountOfSecuritiesSold>
            <grossProceeds>168810.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KENNETH HVID</name>
                <address>
                    <ns2:street1>Belvedere Building</ns2:street1>
                    <ns2:street2>69 Pitts Bay Road</ns2:street2>
                    <ns2:city>Hamilton</ns2:city>
                    <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                    <ns2:zipCode>HM 08</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/09/2023</saleDate>
            <amountOfSecuritiesSold>25500</amountOfSecuritiesSold>
            <grossProceeds>174170.10</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>08/21/2023</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Kenneth Hvid</signature>
        </noticeSignature>
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144
0001976945
XXXXXXXX
LIVE
0000911971
TEEKAY CORPORATION
001-12874
Belvedere Building
69 Pitts Bay Road
Hamilton
D0
HM 08
(441) 298-2530
KENNETH HVID
Officer
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
38th Floor
New York
NY
10004
7752
52713.60
91374909
08/21/2023
NYSE
Common
03/08/2012
Shares Purchased through Employee Stock Purchase Plan
Issuer
N
7752
03/08/2012
Cash
N
KENNETH HVID
Belvedere Building
69 Pitts Bay Road
Hamilton
D0
HM 08
Common
08/18/2023
47856
325420.80
KENNETH HVID
Belvedere Building
69 Pitts Bay Road
Hamilton
D0
HM 08
Common
08/10/2023
24825
168810.00
KENNETH HVID
Belvedere Building
69 Pitts Bay Road
Hamilton
D0
HM 08
Common
08/09/2023
25500
174170.10
08/21/2023
/s/ Kenneth Hvid