“Market Cap $51.5 B As of May 2014
At a Glance
- Industry: Oil & Gas Operations
- Founded: 1853
- Country: Canada
- CEO: Steven Williams
- Website: www.suncor.com
- Employees: 13,946
- Sales: $38.43 B
- Headquarters: Calgary
#149 Global 2000
- #229 in Sales
- #166 in Profit
- #343 in Assets
- #188 in Market value
Suncor Energy, Inc. is an integrated energy company. It explore for, acquire, develop, produce and market crude oil and natural gas in Canada and internationally. The company transports and refines crude oil, and markets petroleum and petrochemical products primarily in Canada. It operates through three business segments: Oil Sands, Exploration & Production, and Refining & Marketing. The Oil Sands segment includes the operations of northeast Alberta to develop and produce synthetic crude oil and related products, through the recovery and upgrading of bitumen from mining and in situ operations. The Exploration and Production segment includes exploration and production of natural gas, crude oil and natural gas liquids in Western Canada, offshore activity in East Coast Canada, with interests in the Hibernia, Terra Nova, White Rose and Hebron oilfields, and the exploration and production of crude oil and natural gas in the United Kingdom, Norway, Libya and Syria. The Refining and Marketing segment includes the refining of crude oil products. It engages in the distribution and marketing of crude oil products and other purchased products through retail stations located in Canada and the United States of America, as well as a lubricants plant located in Eastern Canada. Suncor Energy was founded on August 1, 2009 and is headquartered in Calgary, Canada.“
“Suncor Energy History
The skeptics said Canada’s oil sands could never be developed commercially. In 1967, Suncor Energy proved them wrong. Our people – their perseverance, dedication and innovation – turned vision into reality.
Today, Suncor is Canada’s premier integrated energy company, the fifth largest North American energy company and has a place on the global stage as one of the largest independent energy companies in the world.
We provide thousands of well-paid jobs, put millions of dollars into Canadian businesses every year, take action on environmental issues, and support our communities by funding local initiatives.
Our track record as an oil sands pioneer is both cause for celebration and inspiration for the future. Look to Suncor to continue leading the way – expanding our oil sands operations to one of the world’s largest positions, developing renewable energy and investing in new technologies to improve our environmental performance. We’re still making history.”
*Information from Forbes.com and Suncor.com
**Video published on YouTube by “Suncor Energy“