Suncor Energy

This article is about the Canadian oil company. For the Australian financial company, see Suncorp Group.

Suncor Energy Inc.
Company typePublic
IndustryOil and gas
PredecessorSun Oil Company, Great Canadian Oil Sands
Founded22 August 1979 (1979-08-22)
HeadquartersCalgary, Alberta, Canada
Key people
Russell Girling, (Chairman of the Board)
ProductsPetroleum, natural gas, petrochemicals and others
RevenueIncrease $52.206 billion CAN (2023)[1]
Increase 8.295 billion CAN (2023)[1]
Total assetsCAN$88.539 billion (2023)[2]
Total equityCAN $43.279 billion (2023)[2]
Number of employees
14,906 (2023)[3]
Websitesuncor.com

Suncor Energy Inc. (French: Suncor Énergie) is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th-largest public company in the world.[4]

Suncor was created by Sun Oil in 1979 by the merger of its Canadian conventional and heavy oil companies, the Sun Oil Company and Great Canadian Oil Sands. Until 2010, Suncor marketed products and services to retail customers in Ontario through a downstream network of 780 company-owned, and 700 customer-operated retail and Diesel fuel sites, primarily in Ontario under the Sunoco brand (owing to Suncor having originally been established as a subsidiary of Sunoco). In 2009, Suncor acquired the former Crown corporation Petro-Canada, which replaced the Sunoco brand across its existing outlets. Suncor also markets through a retail network of Shell and ExxonMobil branded outlets in the United States.[5]

  1. ^ a b "Annual Report 2023" (PDF). Retrieved November 22, 2024.
  2. ^ a b "Annual Report 2023" (PDF). Retrieved November 22, 2024. Cite error: The named reference "tmx_su_bs" was defined multiple times with different content (see the help page).
  3. ^ "Annual Information Form 2023" (PDF). Suncor. p. 16. Retrieved November 22, 2024.
  4. ^ "Forbes Global 2000". Forbes. Retrieved October 31, 2020.
  5. ^ Bromels, John (June 30, 2017). "3 Things You Didn't Know About Suncor Energy Inc". The Motley Fool. Retrieved November 21, 2018.