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Suncor Energy

Suncor Energy
Company nameSuncor Energy Inc.
Company typePublic
IndustryOil and gas and Petroleum refining and marketing
FoundedMontreal, Quebec in 1919
HeadquartersCalgary, Alberta
Key peopleJohn T. Ferguson, Chairman of the Board, Richard L. George, CEO
Revenue(+) $25.5 billion CAN (2009)
Net income(+) $1.1 billion CAN (2009)
Total assets$66.115 billion (2009)
Total equity$50.8138 billion (2009)
Employees12,978 (2009)

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Suncor Energy Inc. (TSX - SU, Nyse - SU) is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. Suncor ranks number 159 in the Forbes Global 2000 list.

Until 2010, Suncor marketed products and services to retail customers in Ontario through a downstream network of 280 Sunoco-branded retail sites, and 200 customer-operated retail and diesel sites. Following the acquisition of Petro-Canada, Suncor decided to phase out the Ontario-only Sunoco brand in favour of converting their Sunoco sites to Petro-Canada sites. This was done in order to unify all of their downstream retail operations under the Petro-Canada banner throughout Canada, as well as to discontinue paying licensing fees for the Sunoco brand from Sunoco Inc. in the United States. Nationwide, Petro-Canada's upstream product supplier and parent company would be Suncor Energy. Suncor also markets through a retail network of Phillips 66-branded outlets in Colorado.

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