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Suncor Energy Inc (USA) (N:SU)

Business Focus: Integrated Oil & Gas

Sector:  Energy Industry:  Integrated Oil & Gas
 
Company Contact
Address: 150 - 6Th Avenue S.W.
P.O. Box 2844
CALGARY AB T2P 3E3
Tel: N/A
Website: https://www.suncor.com
IR: See website
Key People
Richard M. Kruger
President, Chief Executive Officer, Director
Kristopher P. Smith
Chief Financial Officer, Executive Vice President - Corporate Development
Paul Gardner
Chief People Officer
Bruno Y. Francoeur
Executive Vice President - Business and Operations Services
Peter Zebedee
Executive Vice President - Mining and Upgrading
Shelley Powell
Senior Vice President - E&P and In Situ
Jacqueline Moore
General Counsel, Chief Legal Officer
Arlene J. Strom
Chief Sustainability Officer, Corporate Secretary
 
Business Overview
Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada's Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.
Financial Overview
For the fiscal year ended 31 December 2023, Suncor Energy Inc (USA) revenues decreased 16% to C$49.09B. Net income decreased 9% to C$8.3B. Revenues reflect Refining & Marketing segment decrease of 15% to C$31.07B, Oil Sands segment decrease of 12% to C$23.41B, Canada segment decrease of 15% to C$41.95B, United States segment decrease of 15% to C$6.45B. Net income also reflects Employee costs increase of 5% to C$8.46B (expense).