Suncor Energy

From humble beginnings selling lubricating oils, kerosene and spirits to Canadian war plants in 1917, Suncor has grown into a major independent energy company. Today we're a world leader in mining and extracting crude oil from the vast oil sands deposits of Northern Canada. We also explore for, develop and market conventional crude oil and natural gas in Western Canada.

Under the Sunoco brand in Central Canada, Suncor has a top-ranked refinery and a strong retail marketing and wholesale distribution network. And in Queensland, Australia, we operate an oil shale development project.

The company has assets of CDN $5.1 billion and production of 142,800 barrels of oil equivalent per day. Suncor is a spectacular business turnaround story. Nine years ago, as one executive put it, "our business was stuck." After a period of difficult change, Suncor emerged with a fresh attitude, a winning spirit and a strong balance sheet. Today we're growing our businesses in Canada and reaching out as far as Australia to explore new opportunities.

We pride ourselves on our technical excellence and the cost-effectiveness of our operations. Suncor employs 2,700 people who think creatively, set bold objectives and deliver on them. And we care about environmental management, with over $35 million of capital spent on environmental projects in the past three years. Suncor has big plans for growth, backed by a proven record of financial and operating performance.

Address: P.O. Box 2844, 150 - 6 Avenue S.W.
Calgary, Alberta, T2P 3E3
Contact: 1-866-786-2671

Recent Articles

Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks
Thursday, March 30, 2017 Cenovus Energy fell the most since its trading debut more than seven years ago after agreeing to buy Canadian oil assets from ConocoPhillips for C$17.7 billion ($13.3 billion) in a deal that increases its risks at a time of uncertain oil prices.
Centrica: Oda Field to see $634M Investment, Will Create 5,500 Jobs
Wednesday, November 30, 2016 Centrica plc, along with its license partners, has pledged to invest $634 million for the development to the Oda field, which it says will generate thousands of jobs over its lifetime.
OMV Agrees To Sell 30% Stake In British Rosebank Field To Suncor
Tuesday, August 09, 2016 OMV has agreed to sell most of its 50% stake in the British Rosebank field to Canada's Suncor Energy.
Falling US Oil Output Not Enticing Enough For Wary Investors
Monday, July 11, 2016 Not even a sharp decline in U.S. oil production can convince investors that oil prices are ready to rebound.
Firefighters Protect Canada's Oil Sands Battling Intense Flames
Tuesday, May 24, 2016 Those sent into Canada's oil sands are not only wrestling with one of the worst wildfires in the country's history. They are doing it surrounded by the volatile, explosive chemicals critical to pumping oil from some of the world's largest reserves.
Canada's Oil Sands Producers Prepare to Re-Enter Evacuated Sites
Monday, May 23, 2016 All of the Canadian oil sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno.
Canadian Oil Exports Drop, Supply Hunt on Amid Wildfires
Wednesday, May 18, 2016 In a sign the massive Alberta wildfire is taking a toll on oil transport, Canadian crude exports to the United States dropped 12 percent last week.
Canada Oil Sands Producers Disrupted Anew as Wildfire Shifts North
Tuesday, May 17, 2016 Canadian energy producers were hit with fresh disruptions on Tuesday after a massive wildfire burning around the oil sands hub of Fort McMurray, Alberta, shifted north, forcing the evacuation of about 4,000 people from work camps.
Suncor Shuts Oil Sands Mine Again as Alberta Fires Spread
Tuesday, May 17, 2016 Wildfires raging across Alberta shifted back toward oil-sands installations north of Fort McMurray, forcing the evacuation of thousands of workers and prompting Suncor Energy to shut its main mine just as work was resuming.
Oil Drillers Adding Hedges as Crude Closes In on $50 a Barrel
Monday, May 16, 2016 Oil producers are taking advantage of the rebound in crude markets to lock in protection against another slump.
Bulk of Canada's Oil Sands Plants Seen Up in Days to Weeks
Wednesday, May 11, 2016 Canadian oil sands facilities representing more than 90 percent of production taken offline during a wildfire in northern Alberta have emerged unscathed and are expected to restart within days to a couple of weeks.
Canada's Oil Output Spared Fire Damage Seen Able to Rebound
Monday, May 09, 2016 Canada oil-sands producers including Suncor Energy could resume production within a week after the threat subsides from wildfires that cut as much as 40 percent of the region's output.
Oil, Gas Senior Execs Focus on Workforce, Growth and Technology
Wednesday, February 24, 2016 As low oil prices continue, senior executives from oil and gas companies focus on short-term and long-term strategies to stay competitive and grow.
Suncor Cuts Spending After Surprise Loss on Asset Writedowns
Thursday, February 04, 2016 Suncor Energy cuts spending by about 10% this year amid writedowns on the value of Canadian, Libyan and offshore assets.
Suncor Reaches Deal To Buy Canadian Oil Sands With Sweetened Offer
Monday, January 18, 2016 Suncor Energy has reached a deal to acquire rival Canadian Oil Sands by raising its all-stock offer.
Suncor Extends Time, But Not Bid, On Canadian Oil Sands Deal
Monday, January 11, 2016 Suncor Energy extends time for Canadian Oil Sands to consider $2.93 billion acquisition deal, but says it won't increase the offer.
Oil Sands Giant's Hostile Takeover Teeters as Crude Plunges
Thursday, January 07, 2016 Suncor Energy Inc.'s C$4.13 billion ($2.93 billion) takeover of Canadian Oil Sands Ltd. looks far from certain, with the target's share price trading at a record gap to the bid just a day before expiring.
Suncor CEO Has No Plans to Boost Price for Canadian Oil Sands
Tuesday, January 05, 2016 Suncor CEO Steve Williams said he has no plans to sweeten the offer for Canadian Oil Sands and that a majority of shareholders support the bid.
Suncor Says Canadian Oil Bid Extension Highly Improbable
Monday, January 04, 2016 Suncor Energy's top executive said it was "conceivable but highly improbable" that Suncor will extend a hostile takeover bid for Canadian Oil Sands beyond this week's deadline.
Canadian Oil Sands Urges Shareholders to Reject Suncor Bid
Tuesday, December 29, 2015 Canadian Oil Sands' board sent a letter to its shareholders urging them once again to reject the hostile bid by Suncor ahead of the offer's deadline next week.