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Suncor Energy Inc Profile
| Oil & Gas Integrated Industry | Energy Sector | Mr. Richard M. Kruger CEO | NYSE Exchange | CA8672241079 ISIN |
| Canada Country | 14,906 Employees | 25 Sep 2024 Last Dividend | 27 May 2008 Last Split | - IPO Date |
Overview
Suncor Energy Inc. is a prominent integrated energy company, engaging in a wide range of activities across Canada, the United States, and globally. The company's operations are segmented into Oil Sands; Exploration and Production; and Refining and Marketing, spanning the full spectrum from upstream exploration and production to downstream refining and marketing. Initially established in 1917, Suncor has undergone significant evolutions, including a name change from Suncor Inc. to Suncor Energy Inc. in April 1997, to better represent its broad energy portfolio. With its headquarters in Calgary, Canada, Suncor Energy has positioned itself as a leader in the energy sector, focusing on the sustainable development and production of energy resources.
Products and Services
- Oil Sands
This segment encapsulates the exploration, development, and production of bitumen and synthetic crude oil. Suncor Energy is particularly involved in oil sands mining, capitalizing on Canada's vast bituminous reserves. The company employs innovative technologies to efficiently and responsibly extract oil sands, converting them into high-quality synthetic crude oil and related products.
- Exploration and Production
Focused on expanding Suncor's reach beyond oil sands, this segment undertakes offshore operations primarily on the East Coast of Canada. It encompasses the exploration and production of crude oil and natural gas, integrating these activities with marketing and risk management strategies. This segment enables Suncor to diversify its portfolio and optimize the value of its extracted resources.
- Refining and Marketing
Suncor's Refining and Marketing segment is integral to converting crude oil into a variety of refined products. It involves not only the refining process but also the distribution, marketing, and transportation of refined and petrochemical products. Through its extensive retail and wholesale networks, Suncor ensures the reliable supply of high-quality fuels and other products to consumers. Additionally, this segment is engaged in the trading of crude oil, refined products, natural gas, and power, further enhancing Suncor's capability in risk management and market optimization.