Suncor Energy Net Worth, Marketcap, Revenue, Competitors 2026

Key Stats

Suncor Energy is Canada’s largest integrated energy company. The company specializes in oil sands development, conventional oil and gas production, refining, and retail fuel distribution through its Petro-Canada brand.

Suncor operates across the entire energy value chain. Its business includes mining and in situ bitumen extraction in northern Alberta, offshore production off Canada’s east coast, four refineries in North America, and more than 1,800 Petro-Canada retail outlets nationwide.

The company pioneered commercial oil sands development in 1967. Today it produces approximately 800,000 barrels of oil equivalent per day and holds the majority stake in the Syncrude joint venture.

Suncor Energy History

Suncor Energy traces its roots to the early twentieth century when American oil company Sun Oil expanded into Canada. The company evolved through decades of oil sands pioneering and strategic mergers to become Canada’s energy leader.

Suncor Energy Co-founders

Suncor’s origins connect to two principal figures who shaped the company’s oil sands legacy.

Suncor Energy Revenue

Suncor generated approximately C$50.69 billion in revenue during 2024. Revenue fluctuates with global oil prices and production volumes.

The company’s integrated business model provides stability through market cycles. Downstream refining and retail operations offset volatility in upstream production.

Suncor Energy Acquisitions

Suncor has grown through strategic acquisitions that expanded its resource base and downstream capabilities. The most transformative deal was the 2009 merger with Petro-Canada.

Petro-Canada was a former Crown corporation that operated refineries, retail stations, and significant oil sands and offshore assets. Suncor acquired Petro-Canada for approximately C$21 billion in an all-stock transaction. The merger created Canada’s largest energy company by market capitalization at the time. Suncor gained the Petro-Canada retail brand and its network of gas stations across Canada.

In 2016, Suncor completed a hostile takeover of Canadian Oil Sands Limited for C$6.6 billion. Canadian Oil Sands held the largest ownership stake in the Syncrude project at 37 percent. This acquisition significantly increased Suncor’s Syncrude ownership from 12 percent to 49 percent.

Later that same year, Suncor purchased Murphy Oil Corporation’s 5 percent stake in Syncrude for C$937 million. This deal raised Suncor’s Syncrude ownership to nearly 54 percent, making it the majority shareholder. In 2021, Suncor assumed operatorship of Syncrude with its stake now at 58.74 percent.

Earlier acquisitions include refineries in Commerce City, Colorado purchased from ConocoPhillips in 2003 and Valero Energy in 2005. These facilities expanded Suncor’s refining capacity into the United States. Similar to integrated energy companies like Enbridge, Suncor has built a diversified asset portfolio across the energy value chain.

Suncor Energy Market Cap

Suncor’s market capitalization reached approximately US$64 billion in early 2026. The company trades on both the Toronto Stock Exchange (TSX: SU) and New York Stock Exchange (NYSE: SU).

Market cap has varied significantly with oil price movements. The 2020 pandemic drove valuations to decade lows before a strong recovery.

Suncor Energy Competitors

Suncor competes with other integrated energy companies and oil sands producers in the Canadian market. Its main rivals include both Canadian-based firms and international oil majors with Canadian operations.

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