Suncor Energy Inc - Company Profile

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Suncor Energy Inc: Segment Analysis

Business Description

Suncor Energy Inc (Suncor) is an integrated energy company. It carries out exploration, development, production and marketing of crude oil and natural gas in Canada and internationally. It carries out transport and refining of crude oil, and marketing of petroleum and petrochemical products.

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Business Segments

Overview

Includes offshore operations off the east coast of Canada with interests in the Hibernia, Terra Nova, White Rose and Hebron oilfields. It also has assets and operation in offshore UK & Norway, namely, Buzzard, Golden Eagle Area Development (GEAD), Oda, Rosebank and Fenja. Its operations in Syria are suspended indefinitely and production in Libya also remains partially closed due to political unrest. It reported capital expenditure of CAD443.0 million in FY2022, which grew 64.1% YoY.

Performance

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Overview

Includes operations in the Athabasca oil sands in Alberta to develop and produce synthetic crude oil and related products through the recovery and upgrading of bitumen from mining and in situ operations. It holds joint interest in the Fort Hills mining project, partnership in East Tank Farm blending and storage facility, and ownership interest in the Syncrude oil sands mining and upgrading joint operation near Fort McMurray, Alberta. In FY2022, the segment's capital expenditure stood at CAD3,540.0 million, which grew 11.7% YoY.

Performance

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Overview

Includes refining of crude oil products, and the distribution and marketing of these and other purchased products through retail stations located in Canada and the US. Refining and Supply operations refine crude oil and intermediate feedstock into a broad range of petroleum and petrochemical products. Its Eastern North America operations include Montreal refinery, Sarnia refinery. Its Western North America operations include Edmonton refinery and Commerce City refinery. Its other assets also include sulphur recovery facility in Montreal, Quebec, product pipelines and terminals in Canada and the US, and the St. Clair ethanol plant in Ontario. Its marketing operations sell refined petroleum products to commercial, retail and industrial customers through combination of Petro-Canada and Sunoco company owned locations and branded dealers, nationwide commercial road transport network and bulk sales channel in Canada. It reported capital expenditure of CAD816.0 million in FY2022, which decreased 1.1% YoY.

Performance

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Geographical Segments

Performance

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Performance

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Performance

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